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2022 Annual Results

Welcome to Elixirr’s FY 22 Annual Results. On the backdrop of market volatility, the firm has been well placed to support clients with their toughest boardroom challenges – clearly demonstrated in the firm’s performance in 2022.

Play button Our year in action

A message from our CEO

2022 has been the year that truly brought our IPO thesis to life. We’ve been able to demonstrate the effectiveness of our four-pillar growth strategy which has enabled us to deliver exceptional growth – despite tough market conditions.

I’m exceptionally proud of our team who continue to show the dedication and quality that our clients expect – this has been the backbone of our success last year and will continue to be in FY 23 and into the future. 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.

Stephen Newton
Stephen Newton signature

Revenue £m (calendar year basis)

Another year of record performance


Increase from FY 21 to FY 22

Our four-pillar growth strategy

Our four-pillar growth strategy has a proven track record, with the capacity to support our long-term ambitions. In FY 22 Elixirr continued to make great progress in each aspect of this…

Stretch existing Partners

As we grow our Partner team, we aim for each team member to maximise their revenue contribution, supporting the firm’s overall performance. The additional capabilities provided by our acquisitions have expanded the range of services that our Partners can offer to clients, and this helped to increase revenue per partner in FY 22.

Our performance

Promote Partners from within

We are fostering a culture of people who aim to maximise their potential, and with the support of an established partner team, promoting partners from within is continuing to be a core aspect of Elixirr’s growth. In FY 22 we promoted a further two talented principals to join our senior team.

Our people

Hire new Partners

Bringing talent into the firm with existing networks and additive expertise helps to continually build out our capabilities and expand into new industries and geographies. In FY 22 we brought in two key individuals with ESG and financial services expertise.

Our Partners

Acquire new businesses

Elixirr’s inorganic growth strategy continues to diversify the business on a wider scale, bringing in capabilities to ensure we can continue to address clients key boardroom challenges. In March 2022, we welcomed iOLAP to the group, marking our biggest acquisition to date, and bringing in highly relevant data expertise.

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

Read more about our results

Find out more about our performance over the past year

2022 Annual Report Request a printed Reportopen in new tab

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