82: ITRS

ITRS has managed to create that rare product: one that lends itself to a booming financial market and to a downturn. The £8.1m-turnover company, which has grown 38.7 per cent during the past four years, sells IT systems to financial services companies. ITRS founder Stephen Bates says: “In a booming market, people need the product to make sure trading systems are working properly. In a downward market, people buy it because it minimises risk and increases efficiencies.” While Bates would love to claim ITRS always intended to develop a recession-proof solution, he says the reality is it was borne out of a need in the investment banks to manage IT and deliver serious efficiencies. “We want to further develop the existing product –and get more new customers,” he adds. “We had a record year in terms of business and many of our new customers came from recommendations. It’s difficult to predict growth at such times but the pipeline is looking good.”www.itrsgroup.com

Share this story