Redcentric AIM:RCN
- Founded
- 2013 · Harrogate, England
- Incorporated
- United Kingdom
- Chief executive
- Michelle Senecal de Fonseca
- Employees
- 627
- Reports in
- GBP
- Companies House
- 08397584
Managed IT services provider delivering network connectivity, cloud and infrastructure hosting, unified communications and security services to UK mid-market businesses and public sector bodies including the NHS. Operates its own data centres and network; revenue is largely recurring.
Read straight from the annual reports
90.2p at close on 2 Oct 2026 · 13 reported years, 2014–2026
| Line | FY201403/14 | FY201503/15 | FY201603/16 | FY201703/17 | FY201803/18 | FY201903/19 | FY202003/20 | FY202103/21 | FY202203/22 | FY202303/23 | FY202403/24 | FY202503/25 | FY202603/26 | FY2027unreported |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | later 102.4 | later 124.8 | ||||||||||||
| Gross profit | later 57.8 | vs 60.5 | later 78.2 | |||||||||||
| Operating profit | later (4.9) | later 12.8 | later 5.7 | |||||||||||
| Adjusted operating profit | — | — | — | — | — | — | ||||||||
| Exceptional items | later 6.7 | later (4.2) | later 0.46 | |||||||||||
| Net finance cost | later 1.2 | later 3.9 | ||||||||||||
| Profit before tax | later (6.1) | later 11.3 | later 1.8 | |||||||||||
| Adjusted profit before tax | later 7.4 | later 14.1 | ||||||||||||
| Tax charge | later (1.9) | later 0.11 | ||||||||||||
| Profit for the year | later (4.2) | later 9.0 | ||||||||||||
| EBITDA | ||||||||||||||
| Adjusted minus statutory PBT | ||||||||||||||
| Basic EPS | ||||||||||||||
| Diluted EPS | ||||||||||||||
| Adjusted EPS | ||||||||||||||
| Dividend per share | — | — |
GBP millions, negatives in brackets. Per-share lines in pence, share counts in millions. later is what a following report restated the figure to; vs is a second reading that disagrees. The figure shown is the one the original filing printed, and both readings are kept. Click any figure: opens the report page it was read from, highlighted; shows how it was calculated. The share price above is drawn to the same columns: each close sits over the financial year it fell in.
13 years, at a glance
Dashed: Operating margin, in % on its own scale — read its shape, not its height against the bars.
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum. Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo.
High recurring/contracted revenue (89.5% of FY26 revenue) from multi-year IT managed service contracts
Recurring revenue £118.1m of £132.0m total revenue (89.5%, FY25: 89.3%)
page 6Index-linked annual price increases on customer contracts
Group has the benefit of index-linked annual price increases in many of its customer contracts
page 13Index-linked contract price increases
Group has the benefit of index-linked annual price increases in many of its customer contracts
page 13Inflationary staff and bought-in cost increases in cost of goods sold
Gross margin decreased to 61.0% (FY25: 61.6%) as inflationary cost price increases of staff costs and bought-in product/services more than offset price increases
page 13Trading since the year end has been in line with internal plans. The business has an encouraging pipeline, and adjusted EBITDA is expected to be in line with current market expectations.
page 3Sale of Redcentric Data Centres Limited (RDC) completed 30 April 2026 for gross consideration of £124.9m (costs ~£5.0m); expected to generate a substantial profit on disposal in FY27 based on net asset carrying value of £53.5m
page 19No final dividend recommended for FY26 given the £90m tender offer return of capital to shareholders (July 2026). The Board intends to reinstate a progressive dividend policy, with the first interim dividend expected to be declared alongside the interim results for the six months ending 30 September 2026, subject to trading performance and balance sheet position
page 65KPMG LLP issued an unmodified audit opinion. Key audit matters were: (1) recoverability of the parent company's investment in Redcentric Solutions Limited (£106.8m, high estimation uncertainty around VIU/discount rate/terminal value) and (2) going concern (new matter this year, driven by RCF maturity in April 2027 and reliance on successful refinancing, which was completed 28 August 2026). Directors concluded the going concern basis of preparation is appropriate for at least 12 months from approval, supported by post year-end refinancing (£30m RCF plus £10m Accordion facility) and receipt of £124.9m DC sale proceeds
page 69- Cyber security - dynamic geopolitical/threat environment increasing risk of cyber-attacks, data breaches and service disruptionp.24
- Market conditions - macroeconomic uncertainty, changing market conditions and potential loss of major customers could adversely affect growth, profitability and cash generationp.24
- Customer concentration - failure to manage large and complex customer relationships could result in significant revenue loss and reputational damagep.25
- Environment - environmental factors may impact operations, facilities, colleagues and customers; evolving customer sustainability expectationsp.25
Read from C001082-AR-2026-website.
13 annual reports read, FY2015 to FY2026
Open a year to see what its report said. Every line in it carries the page it was read from.
Sources: Companies House (12), Company website (1)
FY2027Next report expected 31 Aug 2027