SAWFISH Software, the York-based developer of SalesFlow and DebtFlow, has not only turned loss into profit, but is also pitching for the Growth Business Of The Year and the Science & Technology Business Of The Year titles in The Press Business Awards 2007.

The firm's turnover for the year ending in February was £1.45 million, trebling its growth. The result: Its net profit was £126,783, reversing a trading deficit of £288,000 last year.

As a result, staff levels at its base in Kings House, King Street have doubled to 24 and projections are that numbers could increase by a further 30 per cent by the end of the year.

That is based on an unrelenting demand for its systems accessible via the internet, which enable authorised users to process and update data wherever they are.

In this way, managers get a clear overview of their entire business with detailed tracking of individual sales and inquiries.

The system is also capable of streamlining some key business processes in different sectors, including automotive, training, manufacturing, communication and finance.

In just one year, 30 new clients signed up for the software. These included completion of two deals worth more than £450,000.

Many of these clients, including Central Trust plc, Bond Partners LLP and Haines Watts have bought Sawfish Software's DebtFlow solution for use in managing Individual Voluntary Arrangements.

The man behind the company is its chief executive, millionaire racehorse owner Steve Hull, who built up Online Group Holdings over 25 years before selling it for millions of pounds to Alphameric Plc, in January 2000.

Two years later, he bought The Sales Consulktancy and relaunched it as Sawfish Software.