Aspire Technology Solutions is on track to reaching £100m turnover by 2030 after passing its £50m revenue target for 2027, a full two years ahead of schedule following a strong financial performance in the past twelve months.
The managed IT provider has delivered strong financial results over the past year, driven by continued investment in people, technology and regional growth, including £50.9m revenue in FY25, up 28% on last year (FY24: £39.6m), alongside seeing EBITDA up 33% to £8.8m (FY24: £6.6m), with 83% of total revenue generated through long-term service relationships.
Performance was underpinned by £1.7m in technology investment, including private cloud and network enhancements, alongside new AI-powered tools that improved service speed and resolution.
This achievement sees the company surpass its £50m revenue target for 2027 two years ahead of schedule, continuing a long-standing pattern of outperforming bold growth goals.
Over the last 10 years, revenue has grown by almost 600% from £8m in 2015.
With the 2027 goal now exceeded, the company has set its sights on a new milestone: over £100m turnover by 2030, supported by a strategic growth plan.
Aspire has added 250 customers over the past year, supported by a team of more than 300 experts, and this growth reflects the business’ continued investment in scalable technology, service excellence and targeted regional expansion.
Customer satisfaction also remained high, with the business achieving a Net Promoter Score (NPS) of 87.2, well ahead of industry benchmarks.
During the year, Aspire expanded its regional presence, most notably through the acquisition of CloudCoco in October 2024, and this followed the earlier acquisition of Cloud Cover IT in December 2023.
Since then, Aspire has opened a new city-centre office in Glasgow and expanded its local team to meet increasing customer needs.
Aspire’s growth continues to be supported by private equity firm LDC, part of Lloyds Banking Group, who invested in March 2022 for a minority stake which valued the business at £85m - backing that has enabled long-term investment in people, infrastructure and innovation, supporting increased demand for secure, scalable IT services, particularly in managed services and cyber security.
Chris Fraser, CEO of Aspire (pictured) commented: “Our strategy continues to focus on delivering measurable value for our customers. From staying at the forefront of service innovation to expanding our regional presence, every decision this year has built on our strengths, making us more responsive and easier for customers to work with.”
Image shows (L-R): Tom Howard, CFO and Chris Fraser, CEO of Aspire Technology Solutions