45 Redcentric

Doug Woodburn
clock • 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.

Key points

Revenue: £87.5m (-6%)

Net profit: -12.1%  Staff: 462

More on Vendor

Netskope's channel sales more than triple as vendor expands UK footprint

Netskope's channel sales more than triple as vendor expands UK footprint

The security service edge provider says its UK net new channel sales exceeded expectations

clock 05 August 2022 • 2 min read
Capita sees tech division as 'significant driver' of revenue as half year results revealed

Capita sees tech division as 'significant driver' of revenue as half year results revealed

The professional services giant said it is 'pleased' with its financial results in its latest trading update

clock 05 August 2022 • 2 min read
US House speaker visits Taiwan as global chip supply fears increase amid China tensions

US House speaker visits Taiwan as global chip supply fears increase amid China tensions

Nancy Pelosi met with TSMC chairman Mark Liu, who recently told CNBC that ‘no one can control TSMC by force’

Dan Bennett
clock 04 August 2022 • 2 min read

Highlights

Staff & Salaries 2022

Staff & Salaries 2022

A snapshot of pay and headcount trends in the UK channel

Doug Woodburn
clock 09 March 2022 • 1 min read
Midwich CEO on Nimans acquisition, 2021 results and return to pre-pandemic levels

Midwich CEO on Nimans acquisition, 2021 results and return to pre-pandemic levels

Stephen Fenby talks to CRN after Midwich’s 2021 results in which profitability exceeded pre-pandemic levels

Josh Budd
clock 08 March 2022 • 3 min read
4 more vendors suspend sales in Russia following Ukraine invasion

4 more vendors suspend sales in Russia following Ukraine invasion

IBM and Microsoft are among a number of vendors which have also announced that they will halt sales in Russia following the invasion of Ukraine.

Dan Bennett
clock 08 March 2022 • 3 min read