Cover of the Annual Report and Accounts 2018

Tracsis PLC

Annual Report and Accounts 2018


The year ended 31 July 2018 was a further year of growth, with Group revenues close to £40m, an overall increase of 16%, with organic revenue growth, excluding acquisitions, of some 14% which was particularly pleasing. The impact of M&A activity was negligible given the specific timing of the Travel Compensation Services (TCS) and Delay Repay Sniper (DRS) transactions and we expect these enterprises to make a good contribution with a full year of trading and the chance to integrate and leverage their operations and technology across the wider Group. The Group’s financial position at year end remained strong, with cash balances in excess of £22m and no debt.