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2024/25 Annual Report

Our talented people and strong customer focus helped BTG achieve another record-breaking year in 2024/25. By continuing to invest in our business and technical capabilities we have established a strong platform for future growth. 

Download our 2024/25 Annual Report   >

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Our year in numbers

Gross invoiced income

£0.1bn

+15.2%
Revenue

£0.1m

+4.9%
Gross profit

£0.3m

+12.0%
Average gross profit per customer

£0.6k

+10.4%
Operating profit

£0.4m

+17.1%
Cash

£0.1m

+27.4%

Executive statements

Patrick De Smedt, Chair

“For the first time, BTG achieved gross invoiced income of over £2 billion – more than double what the company achieved only four years ago, and a sign of how far we’ve come in just a few years.”

Patrick De Smedt, Chair

Read Patrick's 2024/25 statement

“By building our own advisory and support services around the wide suite of software solutions we offer – especially in the key areas of cloud computing, security and AI – we can help our customers better understand and benefit from the latest technologies.”

Sam Mudd, CEO

Read Sam's 2024/25 review

Sam Mudd, Interim CEO

Our strategy in action

We aim to grow organically by winning new customers and doing more for existing customers.

 

5,913

Customers this year

 

5,828

Customers last year

working with more customers

We track the growth in gross profit from existing customers. This year, our renewal rate was 109%, once again demonstrating the benefits of our long-standing relationships with customers. Phoenix did more business with established customers such as East Suffolk and North Essex NHS Foundation Trust, the Home Office and DEFRA, and Bytes with the Financial Ombudsman Service, Elexon and WSH. 

 

Maintaining a high renewal rate

We continued to win new customers and increase the amount of work we did for existing customers. Our customers’ great experiences with us encouraged many to highly recommend our services, as reflected by our net promoter score of 79. 


 

Our NPS this year 

79

 

Our NPS last year

82


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