Redcentric released its H1’16 results yesterday showing continued strong execution of its growth strategy. Group revenue and adj. EBITDA grew 15% and 17% respectively, representing a solid mix of organic and acquisitive growth. Recurring revenue showed 18% growth (12% organic) and continues to be the backbone of the group (81% of total revenue). Net debt of £16.5m was marginally higher than our £14.1m forecast but still well within the group’s debt facilities of up to £70m, leaving plenty of sco ....
