Top Track 250

The £1.3bn purchase last year of this Berkshire software company by HgCapital and Intermediate Capital Group was reportedly the UK’s largest-ever private equity buyout in the sector. The group supports 21,000 accountancy practices, 11,000 schools and academies, and 80,000 small businesses via its software, which covers accountancy, human resources, and payroll. The company has acquired several businesses during the year including BioStore, which provides identity management and cashless payment systems; and Practice Engine, a provider of practice management solutions to accounting practices. The company is led by chief executive Elona Mortimer-Zhika, 39. Its ebitda profit margin of 49% is one of the highest on the league table.

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Company details
CompanyIRIS Software Group
ActivityBusiness software developer
Sales £m*162.2
Operating profit £m*‡78.8
Main shareholders

HgCapital (c50%), Intermediate Capital Group (c50%)


If applicable:

* supplied by company   † annualised figure   ‡  profit = ebitda