22nd Aug 2025 14:35
(Alliance News) - Redcentric PLC on Friday reported that it is considering a disposal of its data centre business.
The Harrogate, North Yorkshire-based IT service provider confirmed that discussions to sell Redcentric Data Centres Ltd have reached "advanced" stages, though there is no certainty a deal will proceed.
This division operates seven cloud data facilities across England. Its London-West and Gatwick sites support high-density colocation, which can be used to power artificial intelligence platforms.
The data centre unit was only separated from the rest of the company in 2024, with results for the first half of financial 2025 still grouping all sales together as though for a single business unit.
Redcentric explained that recent acquisitions, coupled with "a buoyant data centre market, merited the establishment of a dedicated and focused management team." The company said data centre revenue has shifted "from being a relatively small part of the business to circa a quarter of revenues".
Redcentric shares were up 14% at 139.50 pence on Friday afternoon in London, for a market capitalisation of GBP221.9 million.
In the year that ended March 31, the company's sales grew 4.2%. Revenue for financial 2025 is estimated at GBP170.0 million, up from GBP163.1 million on-year.
Friday's announcement of a potential sell-off follows the appointment of new Chief Financial Officer Tony Ratcliffe, who joined the firm on Tuesday from Aquis Exchange-listed Equipmake Holdings PLC.
Back in May, Redcentric promoted Michelle Senecal De Fonseca to chief executive, after former CEO-designate Brian Woodford stepped down "for personal reasons".
By Holly Munks, Alliance News reporter
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