Record growth for managed IT services activities
North Yorkshire-based managed IT services provider razorblue had its most successful financial year to date, beating expectations with the company expected to reach Â£ 20million in revenue by now 2023.
The company’s 2020-21 fiscal year saw 32% growth, with revenue of up to Â£ 9million and a workforce growing to over 120.
CEO Dan Kitchen said: âOur long-term strategy of putting our customers first, constantly improving our service, evolving our product offering and employing the most qualified technical experts – has paid off.
âThis puts us in a strong position to continue to implement our growth strategy through geographic expansion over the coming months.
âWe have particularly invested in our 24/7 offering this year, with more and more customers requiring 24/7 access to our services.
Over the past four years, razorblue has seen its sales increase by 128%. The company now has seven offices and works with more than 500 companies across the UK, offering a wide range of services including managed IT support, connectivity, cloud solutions and software development.
razorblue has attracted over 50 new customers in the past year and has grown its workforce by 30%, which includes doubling its sales and marketing team, as well as completing 12 internal promotions.
Chief Financial Officer Rachel Atkinson said: âHaving joined the company in January 2016 when turnover was Â£ 1.8million, the growth it has achieved year on year and continues to do so is phenomenal. I can’t wait to see what the future holds and be part of the strategy for continued growth.
The company plans to recruit more than 25 additional team members over the next 12 months to support its strategy to continue to expand its national coverage and add more products and services to its current offering.