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25
Aug 2023
Last Updated: 24/08/2023
Business Breakfast: Harrogate IT company reports improved revenues
Peter Brotherton, chief executive of Redcentric.
The Stray Ferret Business Club’s next meeting is an after work drinks event on Thursday, August 31 at The West Park Hotel in Harrogate between 5-7pm.
The Business Club provides monthly opportunities to network, make new connections and hear local success stories. Get your tickets by clicking or tapping here.
A Harrogate-based IT company has reported improved revenues in its full-year report.
Redcentric, which is based on Otley Road, generated total revenue of of £141.7m for the year ended 31 March 2023 — up from £93.3m the previous year.
The company made three acquisitions over the last financial year, which included deals for 4D Data Centres, Sungard Consultancy and Sungard Data Centre.
A further two deals were struck for Piksel and 7 Elements in the previous year.
As a result of the acquisitions, Redcentric has added more than 600 customers to its data base.
Peter Brotherton, chief executive at the company, said:
"The integration of the five acquisitions undertaken in the last two financial years is now largely complete, with the savings pertaining to the remaining energy conservation measures and closure of the Harrogate Data Centre to be realised before the end of the current financial year.
“The acquisitions have resulted in a significant increase in revenues and much improved organic growth. Improvements in profitability will follow in FY25 once the synergy and energy efficiency programmes have been completed and the much reduced electricity commodity prices take effect.”
Growth Hub to host business peer support groups
York and North Yorkshire Growth Hub is set to launch a peer support group for businesses next month.
The organisation will host three sessions in September, which aim to partner business leaders with each other to offer structured and collaborative support.
The initiative will include a peer-to-peer support programme hosted by Pro-Development on September 22 and RTC North will host a forum on September 27 in Harrogate.
Meanwhile, a women peer-to-peer group hosted by Yorkshire in Business will also be held on September 27.
Jenn Crowther, chief executive of Yorkshire in Business, said:
“Think of it as having your own professionally facilitated informal board.
“Women Connect is designed for businesswomen invested in developing their business and helping others to do the same.”
For more information on the events, visit the York and North Yorkshire Growth Hub website here.
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