Rigby Group financial results FY24

Rigby Group has published its audited financial results for the year ended 31 March 2024 (FY24), reporting growth for the Group’s core businesses and a number of strategic investments to ensure this continues for the long-term. 

The Group has reported another solid performance with a turnover totalling £3.7bn. This was achieved despite challenging economic conditions and a suppressed technology market in the UK which negatively impacted SCC UK domestically but was offset by strong profitability from SCC France’s operations and our Airports’ division (RCA).

Compared to last year’s results, which were record-breaking as a result of the Group’s cyber security business being sold, total turnover was down by 5% in line with expectations. 

SCC, the Group’s IT services business remains the cornerstone business and despite challenging trading conditions in the UK it delivered a 5% growth in revenues for FY24. 

Technology also sits at the heart of Rigby Group’s investment strategy, and a number of notable strategic acquisitions were made during FY24, including SCC’s investments in Nimble and Resonate, and RTI’s three acquisitions of Bamboo Technology Group, 4sight Communications and NGC Networks. 

During this period Rigby Group also published its first Group Sustainability Report, which sets out sustainability goals and existing initiatives with the aim of achieving a harmonious balance between business success and societal and environmental wellbeing. The Report underlines the Group's commitment to reach net zero by 2040.

As Rigby Group approaches its 50th anniversary, the Rigby family are optimistic about the future and remain grateful to their 9,000 colleagues for their ongoing dedication and hard work. 

Download a full copy of the Rigby Group FY24 Report & Accounts here