Tech firm targets growth after doubling turnover

A North East technology consultancy is targeting annual revenues of £3 million after doubling turnover over the past year.

RMT Technology, the specialist technology arm of RMT Accountants & Business Advisors, has increased annual revenues from £1.1 million to £2.2 million following a series of client wins and service developments, with the business now aiming to pass the £3 million mark by the end of 2026.

Following its move into a purpose-built 1,800sq ft office at RMT Accountants & Business Advisors’ headquarters in Gosforth last summer, the firm has doubled its turnover.

It has also created five new jobs this year and expects to recruit further staff as it continues to expand its client base across the north of England.

Stephen McNickle, commercial director at RMT Technology, said: “We’ve seen a real surge in demand over the last year and have plans in place to take the business onto the next level through the coming 12 months and beyond.

“While the business and our team have grown significantly, we’re still retaining our focus on the personal relationships with clients and the detailed understanding of their specific needs that has been the bedrock of our development.

“Being able to simplify IT systems, reduce costs, enhance their effectiveness and identify relevant emerging technologies as they become available are all combining to make a tangible impact on clients’ operations and bottom lines.

“We know there’s much more growth potential to realise from the business, especially through the opportunities now being presented by AI-powered solutions, and we’re fully equipped to continue realising it.”

RMT Technology provides IT strategy, network infrastructure, information security, data management and managed technology services for SMEs.

Alongside consultancy and managed services, the company is also increasing the number of bespoke AI-powered solutions it develops for clients.

Recent contract wins include Consett-based Surgical Dynamics, Durham-headquartered Glass Assist UK, Newcastle’s Live Theatre and nuclear decommissioning specialist Cyclife UK, for which it now provides a full managed service.

Stephen Slater, managing director at RMT Accountants & Business Advisors, added: “The strategic investments we’ve made in RMT Technology’s service provision and expert team are clearly paying off, and we have high expectations for the business’ growth potential in the coming years.”

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