Our customers, our people and our growth: a year of milestones for Aspire.
In the financial year ending February 2025, our adjusted EBITDA rose by 33% to £8.8m (FY24: £6.6m) and our revenue increased by 28% to £50.9m (FY24: £39.6m). A total of 83% of revenue came from long-term service relationships, reflecting the trust customers place in us to deliver secure, reliable and responsive technology services. Our performance was supported by £1.7m of investment in technology, including private cloud and network enhancements and new AI-powered tools designed to speed up service and improve resolution times.
Founded in 2006, we are now one of the UK’s leading providers of managed IT, cyber security, and modern workplace solutions. In May 2025, we were honoured to receive a Royal Warrant from King Charles III in recognition of our services to the Royal Household.
This year we exceeded our 2027 revenue target of £50 million two years early. It marks another step in more than a decade of consistent growth shaped by customer partnerships. Over the last ten years, revenue has grown by almost 600% from £8m in 2015. With our 2027 goal achieved, we are now working towards a new milestone of more than £100 million turnover by 2030, guided by a strategic growth plan.
Over the past year we have welcomed 250 new customers and grown to a team of more than 300 experts. Customer satisfaction has remained a priority, with our Net Promoter Score (NPS) of 87.2, well ahead of industry benchmarks.
“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 even faster, more responsive, and easier for customers to work with. We’re proud of the growth we’ve achieved, but even more so of the trust our customers continue to place in us.”
Chris Fraser
CEO and Founder – Aspire Technology Solutions
We have also expanded our regional presence. In October 2024, we acquired CloudCoco Limited to strengthen our position in Leeds and the wider Yorkshire area. This followed the earlier acquisition of Glasgow-based Cloud Cover IT in December 2023. Since then, we have opened a new city-centre office in Glasgow and expanded our local team to meet increasing customer needs. Plans are also underway for a larger office in Leeds to support future growth.
Our progress continues to be supported by private equity firm LDC, part of Lloyds Banking Group, who invested in March 2022 for a significant minority stake which valued the business at £85 million. This backing has enabled long-term investment in people, infrastructure and innovation to meet rising demand for secure, scalable IT services, particularly in managed services and cyber security.
Alongside infrastructure investment, we have continued to advance our in-house R&D, focusing on cloud platform development, secure communications and billing tools shaped by customer feedback and market demand.
“We’ve continued to invest where it has the greatest impact for customers, focusing on the platforms, processes and teams that keep our service running smoothly as we grow. Innovation has played a key role, helping us work more efficiently and maintain consistently high standards at scale. This approach is central to our mission to deliver technology like no other.”
Tom Howard
Chief Financial officer – Aspire Technology Solutions
With momentum building and customer demand growing, we are confident in our plans to achieve £100 million turnover by 2030. None of this would be possible without the continued support of our customers and the dedication of our people, and we thank every one of them for the part they play in our success.
