Harrogate-based IT managed services provider Redcentric plc, which has undergone a number of boardroom changes in the past year, said on Wednesday its total revenue rose 8.3% to £135.1 million in the year ended March 31, 2025.

Redcentric said reported profit before tax rose 139.3% to £4.4 million.

On August 22, Redcentric confirmed it was in “the advanced stages of discussions concerning the potential sale” of its Redcentric Data Centres (DC) business and on Wednesday said it is “currently in advanced negotiations with a preferred third party.”

On dividends, the Harrogate firm said: “During the year, the board declared an interim dividend of 1.2 pence per share (FY24: 1.2 pence per share), with £1.9m paid to shareholders on 22 April 2025 (FY24: £1.9m).

“Historically, the group has declared total annual dividends amounting to 3.6 pence per share resulting in annual dividend distribution of approximately £5.7m.

“Should the group successfully conclude a sale of the DC business, this will be followed by a material return of capital to shareholders.

“In anticipation of this, the board has elected to suspend the declaration of a final dividend this year. This prudent step will be kept under review pending the outcome of the DC business sale discussions.

“Shareholders will be kept informed of progress and any material updates in due course.”

In its outlook, Redcentric said: “Confident in medium to long-term outlook with a strong business model and renewed strategy to be outlined at the interim results …

“Anticipated sale of the DC business expects to generate a significant return of capital to shareholders as well as retaining sufficient capital required to expand the MSP business and reduce debt.”

Redcentric CEO Michelle Senecal de Fonseca said: “These are positive results in what has been a busy and transformational year for the group.

“Significant groundwork has been completed, paving the way for the possible disposal of the DC business, which I look forward to updating shareholders on in due course.

“Our ongoing focus is on MSP, which has a strong business model, brand and market position in both public and private markets.

“I look forward to driving the MSP business ahead in the coming years and am presently refining the go-forward strategy. I also look forward to providing a more detailed update on this strategy at the interim results.”