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Jan 2023

Last Updated: 04/01/2023

Business

Business Breakfast: Harrogate IT company posts improved revenue in interim results

by Calvin Robinson

| 05 Jan, 2023

Peter Brotherton, chief executive of Redcentric.

Now is your time to shine with the Stray Ferret Business Awards. We are encouraging businesses of all sizes from right across the Harrogate district to enter for our awards and get recognition from our top panel of judges. Entries close on January 16.

Harrogate IT service provider Redcentric has posted improved revenues in its interim results.

In the six months to September 2022, the company’s total revenue grew by 38.8% to £61.5 million.

The figure is up from £44.3 million in the same period in 2021.

The results come as the company, which is based on Otley Road, acquired both Sungard Availability Services Ltd the entire issued share capital of 4D Data Centres for £10 million last year.

Peter Brotherton, chief executive officer at the company, said:

"The last six months have been a transformational period for the business, with three acquisitions completed. These acquisitions, together with the two acquisitions completed in the previous financial year, have significantly enhanced our product offerings, and substantially increased run rate revenues from c.£90m to c.£150m.

“The integration of the businesses acquired in the last six months is progressing well, with annualised savings of c.£10m already realised and initiatives underway to deliver a further c.£7m of annualised savings.

“The outlook for organic growth is also favourable, with positive net new business achieved in each of the last six months to 30 November 2022.

“We look forward to building on the success of the last six months and to fully capitalise on the very significant opportunities resulting from the enlarged customer base and increased breadth of products and services.”

Businesses invited to bid for £7m net zero grant schemes

Businesses are being invited to apply for new grants aimed at net zero projects in North Yorkshire.

The move comes as the county is set to be awarded £7 million worth of funding as part of a devolution deal from government.

York and North Yorkshire Local Enterprise Partnership is running two grant schemes.

One is a £1m project development support scheme, which is aimed at supporting net zero ideas so they are ready to take to investors.

The second grant stream has £6 million of funding and is aimed at delivering net zero projects.

Applications and expressions of interest are open until midday at February 6.

For more information, visit the York and North Yorkshire LEP website here.

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Business Breakfast: Harrogate IT company posts improved revenue in interim results

Businesses invited to bid for £7m net zero grant schemes

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