Record year for Allocate

Allocate Software yesterday announced its fifth consecutive year of record growth, driving revenues up 37 per cent despite choppy trading waters. The workforce management software retailer also pushed its underlying earnings up 57 per cent to £5.8m.

Chief executive Ian Bowles said: “We continued to strengthen our position in both the overseas and the UK healthcare markets. The defence business has also had a good year with major new orders.”