02 December 2020
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1 min read
Key points
Revenue: £87.5m (-6%)
Net profit: -12.1% Staff: 462
This AIM-listed managed services provider ended a formal sale process in November after talks with suitors including Six Degrees and KCOM owner Macquarie came to nothing. Having seen net losses widen to £10.6m and revenues fall six per cent to £87.5m in its year to 31 March 2020, Redcentric returned to growth in its 1H 2021. In June, it reached a settlement to pay back £11.4m to shareholders following the conclusion of an investigation into an accountancy scandal that dating back to 2016.
