Gateshead-based Aspire Technology Solutions, a provider of managed IT, cybersecurity and modern workplace solutions, is targeting a turnover of more than £100 million by 2030 after surpassing its £50 million revenue target for 2027 two years ahead of schedule.
In the financial year ending February 2025, Aspire’s revenue rose by 28% to £50.9m, up from £39.6m in FY24, with 83% of total revenue coming from long-term service relationships.
The LDC-backed company’s performance was underpinned by continued regional expansion, notably the acquisition of Leeds-based CloudCoco in October 2024, following the earlier acquisition of Glasgow- based Cloud Cover IT in December 2023; the addition of 250 new customers; and investment of £1.7m in new technology, including private cloud and network enhancements.
Chris Fraser, CEO 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.”
