Mitrefinch Ltd.

Mitrefinch Ltd. is a provider of workforce management solutions, focusing on enhancing operational efficiency through innovative software designed for time tracking, attendance, and payroll management across multiple sectors. Founded in 1979 and headquartered in York, UK, Mitrefinch Ltd. specializes in workforce management solutions.

The company was acquired by Advanced Computer Software Group Limited in October 2020. It has undergone strategic changes to align with the evolving needs of its clientele. The founder's prior entrepreneurial history is not publicly documented. Mitrefinch has successfully secured funding twice, with the latest round being a Buyout of GBP 20.

000 mn from LDC, bringing the total amount raised to GBP 20. 000 mn as of October 16, 2020. Mitrefinch, now part of OneAdvanced, specializes in workforce management solutions designed to enhance operational efficiency and profitability for businesses across various sectors. Their core offerings include cloud-based time and attendance software, which simplifies time tracking, absence management, and rostering.

Additionally, their HMRC-recognized payroll software automates payroll processes, streamlining pay cycles and calculations while providing employees with instant access to payslips. The solutions cater to a diverse client base, including healthcare, education, retail, and manufacturing sectors, primarily targeting mid-sized and large organizations in the UK, US, and other international markets. In the most recent financial year of 2024, Mitrefinch reported a revenue of GBP 433,601,965. 90 and an EBITDA of GBP 36,751,171.

80. The company operates on a subscription-based model for its software solutions, engaging clients in annual or multi-year contracts for their workforce management software suite. Mitrefinch Ltd. aims to leverage recent funding to expand the Cloud HR solution offerings of Advanced Computer Software Group Limited following its acquisition in October 2020.

The company is focused on developing new products to enhance user experience and efficiency in workforce management. Specific geographic regions targeted for expansion are not disclosed, but the emphasis is on penetrating deeper into existing markets while exploring new opportunities. The funding will support these initiatives and facilitate the integration of advanced technological features into their software solutions.