• Itim Group Limited
Correspondence address: 2nd Floor, Atlas House, 173 Victoria Street, London, England, SW1E 5NH
Governing Law: Companies Act
Legal Form: Limited Company
Nature of Control: Ownership of shares – 75 %

• Athar Mahmood Ali
Correspondence address: 2nd Floor Atlas House, 173 Victoria Street, London, England, SW1E 5NH
Date of birth: May 1955
Nationality: British
Country of residence: England
Occupation: Itim Group CEO

• Evetts Simon
Correspondence address: 2nd Floor Atlas House, 173 Victoria Street, London, SW1E 5NH
Date of birth: March 1971
Nationality: British
Country of residence: England
Occupation: UK Managing Director

• Frosell Robert Nicholas (or Bob Frosell)
Correspondence address: 2nd Floor Atlas House, 173 Victoria Street, London, England, SW1E 5NH
Date of birth: February 1949
Nationality: British
Country of residence: United Kingdom
Occupation: Shareholder and Former COO

• Hayes Ian Dennis
Correspondence address: 2nd Floor Atlas House, 173 Victoria Street, London, England, SW1E 5NH
Date of birth: September 1964
Nationality: British
Country of residence: United Kingdom
Occupation: Itim Group CFO

• Statement of Capital (Share Capital)
Class of Shares: Deferred
Currency: GBP
Number Allotted: 110251743
Aggregate nominal value: 1102517.43
Prescribed particulars
NO VOTING RIGHTS ATTACHED

• Statement of Capital (Share Capital)
Class of Shares: Ordinary
Currency: GBP
Number Allotted: 127671264
Aggregate nominal value: 1276712.64
Prescribed particulars
ONE VOTE PER SHARE

• Statement of Capital (Total)
Class of Shares: ORDINARY
Currency: GBP
Number Allotted: 237923007
Aggregate nominal value: 2379230.07

Prescribed particulars
ONE VOTE PER SHARE

• Full Details of Shareholders of Itim Group Limited being the controlling party of Itim Ltd.

Itim Group Limited has 86 active shareholders out of which only the 47 Shareholders have voting rights holding ORDINARY shares. For this reason, the key ORDINARY shares holders are presented below since they affect the decision-making process:

The shareholders named below represent the 51,82% of the company shares:

Key Contact Persons per Institutional Shareholder:

Rowanmoor Trustees Limited 09/9071 (owned by Empark Group)
• Empark Group CEO: Phil Smith

Downing Corporate Finance Limited owners:
• Rowan Jane Lewis
• Nicholas Peter Lewis

European Middleware Consultancy Co Ltd (in Liquidation Process):
• Ian Timothy Hobson
• Dr Susan Margaret Cotterill

Roy Nominees Limited A/C 460027 (owned by Royal Bank of Canada)
• Royal Bank of Canada CEO: Dave McKay

Strategy

In 2019, they finally got to a point where they believe that they have probably one of the best omnichannel retailing platforms that support optimisation of sales, stock, pricing and costs enabling retailers to fight back against the onslaught of online retailers through a credible customer-centric omnichannel proposition and to helping retailers to significantly reduce their costs.

Continuous Products Upgrading
Most of their research activities in 2018 were in upgrading their products, both functionally and technically. They continue to invest in moving their applications to mobile, they have a major investment in AI, and they see optimisation seeding all aspects of their business.

Most of their functional improvements are in areas such as:
• Forecasting
• Range and Stock Optimisation
• Clienteling, loyalty and customer-centric retailing
• Marketing engines
• Supplier collaboration

COVID-19 Impact & Management
Following the Coronavirus outbreak in December 2019 and its resulting spread around the world, the UK government placed the country on lockdown on 23 March 2020. The directors have considered the impact of this on the company and its operations and consider that the main impact is likely to be the payment of invoices during the period in lockdown. At the present time of writing this Annual Report, the company is funded predominantly through managing its own working capital. The company has limited committed expenditure and is therefore reasonable to reduce its cash expenditure as necessary.

Ambitions
To be the leading omnichannel retailing platform provider across the UK through the “Unified Retailing” vision.

There are customers who are over 65 retailers across the countries.

From their UK clientele below several examples are mentioned:

Waitrose

• Executive Director: James Bailey

Holland & Barrett

• Head of Finance: Daniel Day
• Supply Chain Director: Ray Aldis
• Head of Multichannel Operations: Paz Khorana

Seasalt Cornwall

• CFO: Malcolm Macdonald

Customer Testimonials on their website:

“The implementation of Itim Invoice Matching went smoothly and has been a great success. We were impressed by the knowledge, effectiveness and prompt support from the entire Itim team, who worked seamlessly with us. Now that we are live on our JD Sports, Go Outdoors, Blacks and Tessuti fascias, we are already starting to reap the benefits and look forward to building further on what we’ve already achieved.”

Paul Reynolds,Finance Systems & Change Manager, JD Sports Fashion plc

“Working together for over twenty years, the Itim and Sainsbury’s teams have built a great working relationship. The Itim team are always on hand if we need them and are very responsive.”

Joanne Bootman, Product Owner – Finance, Sainsbury’s

To help them deliver sustainable profit growth while tailoring solutions for their business.

The average monthly number of employees (including directors) during the year 2019 amounted to 59 (2018:62).

Employee Reviews on Glassdoor :

Former Employee – IT Professional 4 December 2020 (2/5)

“There’s a reason they haven’t been invested in”

Doesn’t Recommend

Negative Outlook

Disapproves of CEO

I worked at Itim full-time

Pros

Most employees are really nice

Cons

Founder calls the shots and is a terrible communicator

They over promise to their customers

Their tech is old-fashioned

There are people who are single points of failure in the organisation & as such are overworked

Advice to Management

Get rid of the founder his leadership is dreadful to scale you need a professional management team & investment

• In the UK, their TRS & Chameleon 360 platforms are being recognized as the best in class for multi-channel retailing,
• They offer a complete set of retail software solutions including:

Multi-Channel Sales & Service, Enterprise Order Management, Price & Stock Optimisation, Supplier Management

The principal activity of the company is the development and sale of retail software.

Annual Report File

Locations

Head office in London :
London (Head Office)
2nd Floor, Atlas House
173 Victoria Street
London SW1E 5NH
+44 (0) 207 598 7700

Hull Office:
Ground Floor, Buccaneer Building
Humber Enterprise Park
Brough
East Riding of Yorkshire, HU15 1YJ
+44 (0)148 248 2923

Plymouth Office:
Plymouth Science Park
1 Davy Road
Derriford
Plymouth, PL6 8BX
+44 (0) 175 223 7080

Profimetrics, SA Office:
Centro Empresarial da Lionesa
Rua da Lionesa, 446, Edifico C, Loja L
4465-671 Leca do Balio
Portugal
+351 22 091 35 40

Social Media

Twitter

LinkedIn

YouTube

Awards/Accreditations/Affiliations:

Gold Microsoft Partner

Cyber Essentials Scheme Certification

Case studies

Sainsbury’s achieved 90 per cent automation of its invoice matching using itim software

WHSmith boosts productivity after expanding use of Itim’s automated invoice matching technology across its growing retail business.

Competitors List (alphabetical order)
Criterion: Industry subcategory, Company Size and Product

Brightpearl Limited
Employee Count: 99:2019

Global Retail Technology Limited (trading as Nobly)
UK Employee Count: 70:2019

Prima Solutions Limited
Employee Count: 58:2019

Synapse Web Solutions
Employee Count: 201-500 (based on their LinkedIn profile section “About”)