Aspire Technology Solutions, the Gateshead-based IT, cyber security, and workplace services firm backed by LDC, has smashed through its £50m revenue milestone two years ahead of schedule, while also lifting earnings before interest, taxes, depreciation, and amortisation (EBITDA) by 33%.
Founded in 2006, Aspire received a Royal Warrant from King Charles III earlier this year for its work with the Royal Household, a rare and special distinction for technology sector businesses.
In the year to February 2025, adjusted EBITDA jumped 33% to £8.8m (FY24: £6.6m) and revenue surged 28% to £50.9m (FY24: £39.6m). A hefty 83% of that income came from long-term service partnerships. The strong performance was fuelled by £1.7m in tech upgrades, from private cloud and network improvements to AI-driven tools that sharpened service speed and resolution.
By hitting its 2027 target early, Aspire is now setting its sights higher, aiming for turnover of more than £100m by 2030. The growth story has been rapid — revenues have climbed almost six-fold in the past decade, from £8m in 2015. Expansion has been a key driver, with 2024’s acquisition of CloudCoco Limited strengthening the company’s grip on Leeds and Yorkshire, following the 2023 purchase of Glasgow-based Cloud Cover IT. LDC, which took a significant minority stake in 2022 valuing Aspire at £85m, continues to provide backing for its ambitious plans.
Chris Fraser, chief executive of Aspire, said: “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.”
Tom Howard, chief financial officer, added: “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.”
