A North East-based IT and cybersecurity firm is celebrating a record-breaking year after surpassing £50m in revenue two years ahead of schedule.
Gateshead-headquartered Aspire Technology Solutions saw revenue rise 38% to £50.9m and EBITDA up from £6.6m to £8.8m in its latest annual results.
The company says that the rise has been driven by investment in new technology and exceptional customer service.
In May 2025, it received a Royal Warrant from King Charles III in recognition of its services to the Royal Household.
It has invested £1.7m in technology, including private cloud and network enhancements, alongside new AI-powered tools that improved service speed and resolution.
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 achieving £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.
It has also expanded its regional presence, most notably through the acquisition of CloudCoco Limited in October 2024, strengthening its position in Leeds and the wider Yorkshire area.
This followed the earlier acquisition of Glasgow-based Cloud Cover IT in December 2023 – a company headquartered in a city where Aspire has now opened an office and expanded its local team to meet increasing customer needs.
Plans are also underway to establish a new, expanded office in Leeds and further grow the company’s presence across the region.
The company’s growth 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 £85m.
“Our strategy continues to focus on delivering measurable value for our customers,” said Chris Fraser, CEO of Aspire.
“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, CFO of Aspire, 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.”
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