A York-headquartered developer of HR software has recorded double-digit revenue growth after a year of expansion at home and overseas.

Mitrefinch reported a 12% growth in revenue, achieving £16.3m in the year to November 2018, while EBITDA grew 22% to £5m in the same period.

The company’s performance was bolstered by a year of overseas expansion with operations in the UK, US, Australia and Canada growing. International sales now account for 26% of turnover.

The firm also opened a second UK office and moved into its new 6,100 sq ft space at Nottingham One as the company continues to support its growing international client base.

Mitrefinch’s international expansion follows investment by private equity firm LDC in October 2016.

Matthew Jenkins, chief executive at Mitrefinch, said: “This has been a record year for Mitrefinch, expanding our presence internationally and opening our new office in Nottingham. The support we have received from LDC has played a fundamental role in helping us to set our expansion plans in motion and invest in key projects.

“After such a strong 12 months, we’re keen to maintain this momentum and move into the next phase of our growth strategy. Our focus will be continuing to extend our footprint in international markets, while also broadening the range of products we’re able to offer to our clients, helping them to create efficiencies and provide them with truly market-leading solutions.”

Richard Ibbett, investment director at LDC North West, added: “Mitrefinch has witnessed exceptional growth over the past year, testament to the strength and ambition of Matthew and the management team. We look forward to continuing to support them on this journey as they drive forward their expansion plans at home and abroad.”