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Taking the hassle out of tax and paperwork for freelance workers is the business of this Warrington company. Parasol streamlines the earning process for self-employed and contract workers in the IT, engineering and telecoms sectors by issuing invoices, collecting timesheets, and handling payment and tax calculations. In 2006, Inflexion Private Equity backed a £24m management buyout led by founder and managing director Rob Crossland, and in January, the company acquired accountancy services firm Quay Accounting. Sales hit £319.4m in 2008.

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Company details
ActivityProfessional services group
Sales £m319.4
Operating profit £m2.4
Main shareholdersInflexion Private Equity (65%), Rob Crossland (25%), other management (10%)

If applicable:

* supplied by Company   † annualised figure   ‡  profit = ebitda