Harrogate-based IT managed services provider Redcentric plc, which has undergone a number of boardroom changes in the past year, on Wednesday announced the appointment of Michelle Senecal de Fonseca as the company’s new chief executive officer with immediate effect.
On April 3 Redcentric said executive director and CEO designate Brian Woodford had decided “for personal reasons” to step down from his role at the firm with immediate effect.
“Michelle has been a non-executive director of the company since February 2024 and is an experienced executive in the technology industry,” said Redcentric.
“She was previously Managing Director for Vodafone’s Cloud and Hosting Services business, and served as area Vice President for Sales and Services for Northern Europe at Citrix Systems before becoming its Global Vice President for Strategic Alliances.
“Michelle also currently serves as a Non-Executive Director on the boards of Alphawave IP Group PLC, GBG plc, ASU Global Foundation UK Limited and Women in Telecoms & Technology (WiTT) Limited.”
Redcentric also published a pre-close trading update for the financial year ended March 31, 2025, saying revenue rose 4.2% to £170 million and adjusted EBITDA grew 30.7% to £37 million.
Redcentric chairman Richard McGuire said: “FY25 was a transformative year for the company, a year in which it delivered significant revenue and EBITDA growth predominantly driven by prior strategic acquisitions and operational excellence.
“The entire Redcentric team successfully delivered the separation of our MSP and DC divisions, and management’s resilience and focus on cost efficiency have positioned the company for continued success.
“Whilst the board joins me in welcoming Michelle to her new role as CEO, they would also like to thank Peter for his strong leadership to date and we are pleased that he will remain with the company for a period of time as a strategic advisor and support a seamless transition of CEO duties.
“I look forward to working with Michelle who has significant sector experience. In FY26, our aim is to build on the strong foundations laid during the year, to accelerate organic growth, streamline operations, and enhance returns for our shareholders.”
Michelle Senecal De Fonseca said: “I am honoured to be appointed to the role of CEO. My vision is to elevate our commitment to delivering unparalleled value to our clients by enhancing our service offerings, embracing cutting-edge technologies, and fostering a culture of innovation and collaboration.
“I am dedicated to empowering our talented team to drive operational excellence, strengthen client partnerships, and position Redcentric as the trusted partner for businesses navigating the complexities of the digital landscape. Together, we will shape a future where our clients thrive through transformative, reliable, and forward-thinking managed services.”
Redcentric added in its trading update: “These results highlight the ongoing benefits of the company’s acquisition strategy and the positive impact of enhanced operational efficiencies.
“During FY25, the company successfully completed the migration of the data centres business, a key milestone in Redcentric’s transformation strategy. Segmental financial reporting will be introduced alongside the release of audited financial statements in August 2025.
“The separation of the company’s two core business entities, Data Centres (DC) and Managed Services Provision (MSP), presented operational and accounting complexities. While these challenges required considerable management focus, it was essential to establish two distinct and well-structured business units for the future and this initiative has been successfully concluded.
“Adjusted net debt remained stable and showed a slight improvement compared to FY24, despite adverse year-end working capital movements and dividend payments of £5.7 million to shareholders during FY25.”
Recurring revenue grew 4% to £155.1 million, comprising 91.2% of the group’s total revenue.
Redcentric said: “Following VMware’s acquisition by Broadcom, Redcentric was appointed as one of only seven strategic partners in the UK. Customer engagement has been positive, and operational improvements have enhanced cost efficiency during the period …
“The company continued to invest during FY25, capital expenditure of £11.5 million, effectively allocated to infrastructure security enhancements, systems development, and client-related contract investments. This was marginally below market expectations owing to the non-materialisation of a planned colocation deal and associated client-specific investment …
“The company maintained its dividend at 3.6 pence per share, amounting to £5.7 million, and expects to continue this policy into FY26.”