46 Redcentric

Doug Woodburn
clock • 1 min read

Revenue: £91.4m (+4%)

Net profit: 10.1%     Staff: 420

Having taken itself off the market in November 2020, this AIM-listed midmarket MSP has hit the acquisition trail itself in 2021 after returning to growth and profitability. Revenues in its year to 31 March 2021 rebounded four per cent to £91.4m, while net profits hit £9.2m (compared with a £10.6m loss a year earlier). The integration of Piksel IS is "progressing well", Redcentric said in an October trading update after acquiring the York-based AWS and Azure partner for £9.5m a month earlier.

Covid impact

Redcentric was quick to emphasise that its 2021 results were in line with pre-Covid expectations, and that neither did it furlough any staff. It did, however, grumble of a continued lack of large-scale IT projects in a recent trading update.

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