A Macclesfield-based education finance software company has revealed ambitious new growth plans, which are set to create dozens of new jobs for the local area, following its announcement of a 48 per cent increase in turnover.
HCSS Education, which provides practical and effective software solutions, training and consultancy services to the education sector, reported a rise in revenue this year from £2.3m in 2013/14 to £3.4m in 2014/15.
The growth has been fuelled by the company’s investment in developing software, training and consultancy services that benefit the education sector. And its latest growth plans include further product investment to help it become the leading education finance software provider.
HCSS Education predicts its growth plans will take its turnover to £4.5m in 2015/16 and up to £7.2m in 2016/17.
Profit before tax is expected to jump by 139 per cent this year, from £502K in 2014 to £1.2m in 2015.
HCSS Education is also making a large investment in its workforce to support its continued growth, with positions open for various roles across the business including a commercial operations director, a test analyst, an account manager and a business development executive. Having already appointed four new staff members in recent months including a front end developer and two apprentices, it aims to grow its team from 64 to 100 by 2016.
Howard Jackson, CEO at HCSS Education, said: “We’re experiencing a period of substantial strategic growth and based on this year’s figures we’re predicting that 2015/16 will be a record breaking year for us.
“Over the last few years, HCSS Education has transformed into a hugely successful business, delivering innovative products and services to the market and this is set to continue, along with new client wins and a big recruitment drive.
“Our goal now is to invest in more offerings for the education sector to ensure that schools, academies and local authorities have the tools, support and guidance they need to ensure effective financial management.”
For more information, please visit http://www.hcsseducation.co.uk/