Acquisition strategy propels rising revenues at IT group

Harrogate-based Redcentric, an IT managed services provider, delivered revenue growth in FY25, which it says reflects the benefits of its acquisition strategy as well as operational efficiencies.

In a pre-close trading update for the financial year ended 31 March 2025, the company reports revenues of £170m (FY24: £163.1m) and adjusted EBITDA of £37m (FY24: £28.3m).

Recurring revenue grew four per cent to £155.1m, comprising 91.2 per cent of the group’s total revenue.

Redcentric has also confirmed its appointment of Michelle Senecal De Fonseca as CEO with immediate effect.

She has been a non-executive director of the business since February 2024 and is an experienced executive in the technology industry.

She was previously managing director for Vodafone’s Cloud and Hosting Services business, and served as area vice president for sales and services for Northern Europe at Citrix Systems before becoming its global vice president for strategic alliances.

Redcentric has thanked Peter Brotherton for his leadership and contributions to the company’s growth and success. He has agreed to remain available to the business in a strategic advisory capacity.

Richard McGuire, chairman, said: “FY25 was a transformative year for the company, a year in which it delivered significant revenue and EBITDA growth predominantly driven by prior strategic acquisitions and operational excellence.

“The entire Redcentric team successfully delivered the separation of our MSP and DC divisions, and management’s resilience and focus on cost efficiency have positioned the company for continued success.

“While the Board joins me in welcoming Michelle to her new role as CEO, they would also like to thank Peter for his strong leadership to date and we are pleased he will remain with the company for a period of time as a strategic advisor and support a seamless transition of CEO duties.

“In FY26, our aim is to build on the strong foundations laid during the year, to accelerate organic growth, streamline operations, and enhance returns for our shareholders.”

De Fonseca added: “I am honoured to be appointed to the role of CEO. My vision is to elevate our commitment to delivering unparalleled value to our clients by enhancing our service offerings, embracing cutting-edge technologies, and fostering a culture of innovation and collaboration.

“I am dedicated to empowering our talented team to drive operational excellence, strengthen client partnerships, and position Redcentric as the trusted partner for businesses navigating the complexities of the digital landscape.

“Together, we will shape a future where our clients thrive through transformative, reliable, and forward-thinking managed services.”