Q&A with our CFO | David Senior
I am a Chartered Certified Accountant with 20 years of finance experience. Since 2017, I have served as the Group’s Finance Director, before being appointed Chief Financial Officer. Previously, I held senior positions at Wolseley PLC.
Since joining Redcentric, I have built a strong finance team which contributes to the commercial success of the business.
Q. Could you share some key highlights from the past year?
Over the last year, we have experienced robust organic growth across all customer bases, driven by recent acquisitions. Energy efficiency measures delivered significant savings and reduced our carbon footprint. Additionally, the successful closure of the Harrogate data centre, which was a complex project, demonstrated our team’s remarkable capability to achieve challenging goals together.
Q. What are the key financial indicators that demonstrate Redcentric’s strength and resilience?
Redcentric’s strength is evidenced by revenue growth and good customer retention rates, indicating a healthy business trajectory and customer expansion. High levels of recurring revenues (91%) have ensured a stable an predictable cash profile. After the recent acquisitions and integration programmes we anticipate cash generation in FY25, enabling reinvestment in the business, debt reduction and returns to shareholders.
Q. What are the investment priorities and capital allocation strategies for the upcoming year?
Our investment priorities for the upcoming year focus on both maintenance and growth capex. We’ll invest in our network and cloud platforms to ensure stable, secure services with up-to-date technology. Due to our financial stability, we are also able to offer customers innovative financial solutions when they are considering their IT investments.
Q. Looking ahead to the coming year, how do you see the future for Redcentric?
The future is very exciting for Redcentric’s customers and employees. After successfully integrating recent acquisitions, we have a solid foundation scalable for organic and inorganic growth. The strong interest in our data centre facilities and opportunities presented by AI are particularly encouraging. Customer retention is crucial, and we will continue providing excellent service to help our existing customers grow their businesses with us.
"The future is very exciting for Redcentric’s customers and employees. After successfully integrating recent acquisitions, we have a solid foundation scalable for organic and inorganic growth."