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. Over the last 10 years, revenue has grown by almost 600%, from £8m in 2015.
Adjusted EBITDA in FY 2025 rose by 33% to £8.8m, up from £6.6m in FY24.
The LDC-backed company’s performance was underpinned by continued regional expansion, notably the acquisition of Leeds-based CloudCoco Limited 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, plus new AI-powered tools that have improved service speed and resolution, contributing to a Net Promoter Score (NPS) of 87.2.
Alongside infrastructure investment, Aspire has continued to advance its in-house R&D efforts, focusing on cloud platform development, secure communications and billing tools based on customer feedback and market demand.
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.”
In May 2025, Aspire received a Royal Warrant from King Charles III in recognition of its services to the Royal Household.
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