Incremental Group, the digital technology services company has reported its financial year to 31st March 2018 with revenue up 60 per cent to £6.6 million and EBITDA up 100% to £1.0 million. During the year, Incremental opened a Manchester office and won a series of new clients from across the public and commercial sectors.
Since the beginning of the first quarter of the new financial year, Incremental has launched a new flagship office at the Garment Factory in Glasgow and, earlier this month, acquired Cheshire-based Gap Consulting in a deal that adds expertise and improved UK-wide coverage while taking overall group headcount to 120. Incremental now has 5 locations across the UK – Glasgow, Inverurie, Northwich, Manchester and London. It is on target to deliver revenues approaching £15m in FY2019.
Incremental Group’s CEO and co-founder Neil Logan said: “The team has a strong sense of purpose, vision, ambition and shared values. Our growth strategy has been to harness this, widen our service offering, diversify across sectors and strengthen our coverage across the UK.”
With a fast-growing order book and a strategic plan that involves growing both organically and by way of further acquisitions, Incremental is targeting revenue of £60 million, EBITDA of £10 million and a workforce of around 500 by 2022. As well as investing in the leadership, commercial and people functions during the year, Incremental is helping redress the gender balance in the tech sector, with 45 per cent of the Incremental team being female.
Neil Logan said: “Not only do we want to build one of the UK’s most successful digital technology companies, we want to do it in an inclusive way.”
Incremental was officially launched in November 2016 with financial backing from Maven Capital and the Scottish Investment Bank. In January 2017, Incremental received £500,000 of Regional Selective Assistance (RSA) support from Scottish Enterprise to help facilitate its expansion.
Incremental Group’s client base includes Aberdeen City Council, Aggreko, Air Liquide, ASCO, BP, Harbro Hoover Ferguson, Proserv, Scottish Leather Group, The Scottish Government and Total.
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