Record year for Adarma: Turnover climbs 27% to £41 m

Adarma’s Big Leap: 27% Revenue Boost & a Thrilling Road Ahead

Last year, Adarma, the cyber‑security squad hailing from Edinburgh and London, flipped the script on its earnings—rising 27% straight to £41 million. That’s the seventh straight year of double‑digit growth, following an earlier 24% jump to £32 million in 2018.

Why It Matters

This milestone marks the first year’s end after Livingbridge, a mid‑market private equity house, stepped in during the May 2019 management buyout. The company now looks more robust thanks to that initial backing.

What the Growth Fuels

Heavy investment in infrastructure—enabling state‑of‑the‑art security operations.
Dedicated spend on people and products—heating up the workforce from 171 to 237 permanent staff in 2019.
Boosting renewal & retention rates to become the go‑to partner for big names in finance, retail, e‑commerce, and travel.

Our Secret Sauce: The Multi‑Tenanted SOC

Adarma’s Security Operations Centre (SOC) doubles as a 24/7 managed detection and response (MDR) hub. Over 15 of the UK’s most recognised brands rely on it—think of it as the cyber‑guardian for the nation’s most valuable assets.

Professional Services: A Powerhouse

Half of Adarma’s revenue comes from its top‑tier security team, which boasts almost 100 in‑house experts and can tap into up to 50 third‑party contractors whenever a project or long‑term transformation demands it.

Resell Wins & Solid Margins

Resell revenue climbed as the firm demonstrated its knack for helping customers squeeze every drop from their tech investments.
With a steady 34% gross margin, EBITDA jumped by £2 million—a 50% lift to £6 million.

Future Roadmap

Adarma plans to keep the investment engine humming in 2024, growing organically and through smart acquisitions. The focus will be on:

Enhancing product lines.
Expanding geographical reach.
Scaling the UK base into global horizons.

From the CEO

David Calder shares his enthusiasm: “Even with the economic curveballs, these record results spotlight the team’s grit and ingenuity. They let us punch above our weight, delivering tailor‑made cyber protection to the UK’s most revered brands. Livingbridge’s backing has catapulted our product development, positioning us perfectly for continued growth. Now, we’re set to expand overseas, bolster our team, and sustain world‑class cyber services for our clients.”