Bell Integration has broken the £1bn revenue barrier thanks to an extended period of lightning organic growth.
The Portsmouth-based IT infrastructure provider saw revenues vault by a fifth to £1.049bn in its year to 31 March 2024, freshly filed accounts reveal.
Continued investment in both India and the US resulted in “several new customer wins” during the period, the Dell, IBM, Nutanix, Pure Storage, AWS, and Microsoft partner said.
From £175m to £1bn in four years
Founded in 1996 by Alastair Bell and now headed up by Manpreet Gill (pictured top), Bell claims to count “many” global fintech, telco and public sector organisations among its customers.
Standing at just £175m as recently as its fiscal 2020, Bell’s turnover grew by 76%, 89%, 50% and 20% over the following four years to break the magic billion-pound marker. The UK generated £1bn of the £1.049bn total, with the Rest of Europe and Rest of World chipping in a respective £35m and £14m.
The growth has not come at the expense of the bottom line, with EBITDA swelling from £11m to £19.2m in its latest year. This is despite administrative expenses for the period rising from £40m to £48.4m, partly due to performance-related payments and investments in international locations, back-office teams and systems to support growth.
Having not made an acquisition since 2017, Bell last February snapped up the 300-employee managed services team of global AI software outfit Amelia.
Since year end, it agreed a deal to be the preferred European delivery partner for CCaaS vendor NICE’s CXOne Suite.
Bell also span off its £9m-revenue Hamilton Rentals business in an MBO in September (having acquired the IT and AV rental outfit in 2017).
