Adarma has hailed a record year, with revenues rising 27 per cent to £41m.
It is the seventh year of consecutive double digit percentage growth for the Edinburgh and London-based business, and follows a 24 per cent rise to £32m in 2018.
It is the first year-end since mid-market private equity house Livingbridge supported an MBO in May 2019, and represents significant progress following the initial investment.
In addition to the record growth in turnover, the business has invested heavily in building out its infrastructure and has made significant investments in people and products.
Headcount has continued to grow to support both client delivery and innovation, with permanent staff numbers for 2019 totalling 237, compared to 171 in the previous year.
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The investments have enabled the business to deliver exceptional renewal and retention rates during the year, it said.
David Calder, CEO at Adarma, said: “Given the uncertainty of the economic climate, these record results are testament to the dedication and innovation of the team at Adarma. These values have enabled us to consistently punch above our weight in the market, providing a truly bespoke service to some of the UK’s most revered brands.
“The support provided by Livingbridge has also enabled us to make significant steps forward in terms of our product development, putting us in an exceptional position to continue this growth journey in the coming years.
“We are now looking at building on our strong UK base of operations by expanding our horizons overseas, as well as bolstering our team to provide sustainable growth and continued world class cyber security services to clients.”
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