KICK ICT, the fast-growing IT company launched in 2015 by technology entrepreneur Tom O’Hara, has marked its fourth year of trading by recording turnover of £13.2m, an 85% increase on 2018 (£7.1m) and significantly ahead of expectations.
In its latest set of accounts to year end September 2019, Kick ICT recorded profit before tax of £1.6m and saw recurring revenue exceeding £7.7m, increasing further to over £8m by January 2020.
The last year was marked by the continued integration of Castle Computer Services and Talon Business Solutions and culminated in the consolidation into the single trading brand, Kick ICT, from 1st October 2019. 2019 also saw the purchase and refurbishment of a new 20,000 sq. ft headquarters in Strathclyde Business Park. The business is now fully operational in the new office which has capacity for up to 200 staff and features a range of facilities including idea spaces, pool table, table tennis and a dedicated gaming zone.
Commenting on the results, Chief Executive Officer, Tom O’Hara, said: “We have made considerable progress during the last year and are pleased that the Castle deal has delivered the envisaged significant impact on sales and operating performance. As the largest single source provider of IT services to Scotland’s SME sector we are now in a strong position to further expand the business within our chosen markets and sectors.
He added: “During the year ahead we will be focusing on extending our position in Scotland and across the UK. The business has strong cash reserves and fantastic backing from HSBC, meaning we can continue to explore interesting acquisition opportunities with entrepreneurial firms that want to be part of a fast-growing UK IT business headquartered in Scotland. We will also be investing in the creation of a new Operational Board which will be fully live by 1st April 2020. The new board will be steered by former Head of Microsoft in Scotland Raymond O’Hare and will be responsible for executing the Kick ICT business plan.”
Kick ICT employs more than 100 staff and is jointly owned by Tom O’Hara, Alan Turnbull and David Chazan.