A message from our CEO

I’m delighted to present our second set of Annual Results since listing in 2020. After another year of economic challenges, I’m thrilled to have not only reached, but surpassed our ambitious financial projections in 2021. This is a testament to the relentless commitment of my whole team.

With two acquisitions since January 2021, our offering to clients has never been stronger. Coupled with an ever-growing team of the industry’s best talent, I’m certain that 2022 will bring us even more opportunities to go above and beyond for businesses, helping us on our journey to becoming the best consulting firm in the world.

Regards,
Stephen Newton

Revenue £m (calendar year basis)

Another year of record performance

67%

increase from FY 20 to FY 21

View our performance

Our four-pillar growth strategy

A key part of our business strategy is our four-pillar growth model, and in 2021, we continued to make great progress across all elements.

Stretch our existing Partners

We have always incentivised our Partner team to grow sales, deepen existing client relationships and develop opportunities with new clients. In 2021, we were delighted to see the impact of this, with revenue per Partner growing once again, and consistently high client retention rates.

Our performance

Promote Partners from within

We’ve always embraced the philosophy that ‘our newest recruit will one day lead our firm’. In 2021, this continued to come to life, with two Principals being promoted to Partner. One of which was the first to progress through the firm all the way from our entry level Analyst grade.

Our people

Hire new Partners

Hiring external Partners with existing networks and industry expertise continues to be a key part of our organic growth strategy. In 2021, we continued to build on this pillar, hiring six new Partners and a Strategic Advisor, strengthening our expertise in financial services, TMT and healthcare.

Our Partners

Acquire new businesses

A key part of our inorganic growth strategy is expanding our brands, acquiring like-minded, high-performing businesses who tackle key board room challenges. In April 2021, we were delighted to announce the acquisition of Retearn, and in March 2022 welcomed iOLAP to the Group, our first US acquisition.

Our work

Our story

2009
- Elixirr founded
2010
- First US client
2011
- First South African client
2012
- Retail business launches
2013
- 150% growth on prior year’s revenue
2014
- Named ‘Best New Consultancy’
2015
- Elix-IRR rebrands as Elixirr
2016
- US business launches
2017
- Den Creative becomes an Elixirr company, initiating our multi-brand strategy
2018
- Elixirr named as one of the UK’s leading management consultants
2019
- Den Creative reaches c.200% revenue increase since acquisition
- Airtime launches
2020
- Elixirr lists with AIM on the London Stock Exchange
- Coast Digital joins our brands
2021
- Retearn joins our brands, marking our 2nd acquisition since listing on the London Stock Exchange
- Stephen Newton named a Global Leader in Consulting
2022
- iOLAP joins our brands, a specialist technology and data consultancy, marking our first US acquisition and largest acquisition to date

Find out more about our performance over the past year

2021 Annual Report Request a printed Report

A message from our CEO