47 ExcelRedstone

Doug Woodburn
clock • 1 min read

Revenue: £89.7m (-21%)

Net profit: 1%     Staff: 605

This London-based IT infrastructure, datacentre, managed services and smart buildings powerhouse saw revenues drop by over a fifth pro-rata to £89.7m in its year to 31 December 2020 as project delays in the early stages of the pandemic dented its top line. Efforts to boost the efficiency of its projects business saw gross margins rise from 20.8 to 23.9 per cent, however. During the year, it divested "non-core" arm Commensus, which it inherited through its 2018 acquisition of Redstone Converged Services.

Covid impact

Although it claimed £764,000 through the government's furlough scheme last year, ExcelRedstone said many of its core hyperscaler and financial services clients have revisited their IT infrastructure requirements in response to increased appetite for their services during the pandemic. Demand consequently "remains strong" going forward.

More on People

Exertis appoints global diversity and inclusion programme lead

Exertis appoints global diversity and inclusion programme lead

Newly created position will drive Exertis’ D&I strategy

Josh Budd
clock 17 January 2022 • 2 min read
Ingram Micro names Paul Bay as new CEO

Ingram Micro names Paul Bay as new CEO

Bay has held a number of roles with Ingram Micro including as executive vice president and president of Global Technology Solutions

Daniel Bennett
clock 13 January 2022 • 2 min read
NTT appoints former Tech Data exec as new CEO for Europe

NTT appoints former Tech Data exec as new CEO for Europe

Appointment of Miriam Murphy will ‘supercharge’ NTT’s efforts in the continent, according to CEO Abhijit Dubey

Dan Bennett
clock 10 January 2022 • 1 min read

Highlights

MSP billing vendor CloudOlive gains $750k of additional funding

MSP billing vendor CloudOlive gains $750k of additional funding

The investment will be used to support product development and accelerate deeper integration

Dan Bennett
clock 20 January 2022 • 2 min read
UK MSPs could be fined up to £17m under proposed cybersecurity regulations

UK MSPs could be fined up to £17m under proposed cybersecurity regulations

Government proposes expanding NIS regulations to include MSPs which could carry hefty fines for those that don’t implement effective cybersecurity measures

Dan Bennett
clock 20 January 2022 • 4 min read
Nordic reseller Atea ranked 'world's most sustainable IT services company'

Nordic reseller Atea ranked 'world's most sustainable IT services company'

The Nordic giant has been recognised for the first time in an annual ranking by North American research company Corporate Knight

Kelsey Rees
clock 20 January 2022 • 1 min read