Aspire Technology Solutions has achieved a significant milestone, surpassing £50 million in revenue for the financial year ending February 2025—two years ahead of its original 2027 target. The company, which provides managed IT, cybersecurity, and modern workplace solutions, reported a 28% increase in revenue compared to the previous year, reaching £50.9 million. Adjusted EBITDA also saw an impressive 33% rise to £8.8 million, up from £6.6 million in FY24.
Key to this growth is Aspire’s long-term service relationships, which accounted for 83% of its revenue. The company invested £1.7 million in technological advancements, including private cloud and network enhancements, as well as new AI-powered tools aimed at improving service speed and resolution times.
Founded in 2006, Aspire has steadily expanded its customer base and workforce. The company welcomed 250 new customers over the past year and now employs over 300 experts. Customer satisfaction remains a top priority, with Aspire’s Net Promoter Score (NPS) of 87.2 well above industry standards.
In addition to organic growth, Aspire has made strategic acquisitions, including the purchase of CloudCoco Limited in October 2024 and Cloud Cover IT in December 2023, both aimed at strengthening its regional presence in key areas like Leeds and Glasgow.
Private equity firm LDC, part of Lloyds Banking Group, has supported Aspire’s growth with a significant minority stake. Aspire is now focused on its next goal—reaching £100 million in turnover by 2030. This target reflects the company’s ongoing commitment to customer satisfaction, innovation, and infrastructure development as it continues to expand in the IT services sector.
