Allowing companies to provide cheaper, safer and faster credit is the aim of the software developed by this Harrogate company. Clients, including high street banks, new challenger banks and big retailers, use Nostrum’s software to eliminate the need for large call centres while providing a 24-hour service to customers. Everything from credit checks to managing direct debits and dealing with defaults is automated by the software. Chief executive Richard Carter, 47, led a management buyout in 2007 and saw sales reach £7m in 2013.

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Company details
Year2014
Rank67
CompanyNostrum Group
ActivityFinancial software developer
LocationHarrogate
Average 3 year sales growth53.73%
Latest sales £000s7,001
Staff57
Founded2001
Websitewww.nostrumgroup.com

If applicable:

* supplied by company † annualised figure