Profit Track 100

This London group develops software for property management, insurance broking and financial messaging. Chairman Richard Wolfe, 73, founded the firm in 1974 and listed it on the London Stock Exchange in 1989. He took it private again in 2007, and started transferring ownership to his employees that year. Users of its software include John Lewis, Manchester airport and Vision Express. The firm grew profits to £4.1m in 2019. Since the lockdown, it has offered free online training to clients who are working remotely.

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Company details
Year2020
Rank35
CompanyTrace Group
ActivitySoftware developer
LocationCentral London
Annual profit growth64.30%
Latest profits £000s4,082
Latest sales £000s20,847
Staff169
Founded1974
Websitewww.tracegroup.com

If applicable:

* supplied by company † annualised figure