2024 Annual Results
Welcome to Elixirr’s FY 24 Results – another record year of performance marked by continuous strengthening and diversification of our business.
A message from our CEO
FY 24 has been an exceptional year for Elixirr. Our continued strong growth, record-breaking revenues, and industry-leading profitability is a testament to the commitment of our team and the trust our clients place in us. As we expand our market access through our growing client base, we remain dedicated to building a firm that is focused on helping our clients navigate the technology of today and tomorrow. Our momentum is stronger than ever, and with our planned move to the Main Market, we are well-positioned to unlock even greater opportunities for our shareholders, clients and our people in the years ahead.
Regards,
Stephen Newton
Revenue £111.3m (calendar year basis)
Another year of record performance
Increase in FY 24 from FY 23
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 24 Elixirr continued to make great progress across all pillars.
Stretch Existing Partners
In FY 24, revenue per Partner increased by 6% from £3.9 million in FY 23 to £4.1 million in FY 24. This continues the growth in this metric in each year since listing in 2020, driven by a multi-faceted approach that includes strategic rate card increases, stronger client relationship management, a diversified and expanding service offering, and a robust incentivisation model.
Promote Partners from within
Developing talent internally allows us to preserve our culture and quality as we expand, a principle we have upheld since our founding. In FY 24 we made our first Partner promotion from an acquired business and in January 2025 announced the internal promotion of 3 more Partners.
Hire new Partners
Recruiting talent with established networks and complementary expertise strengthens our capabilities and drives expansion into new industries and geographies. In FY 24 we proudly welcomed 3 new Partners.
Acquire new businesses
Acquiring businesses in key markets that enhance our capabilities and industry expertise remains a crucial component of our growth strategy. In 2024, we made another fantastic acquisition of Hypothesis, a leading US-based insights and strategy firm, and our pipeline remains strong in 2025.
Read more about our results
Find out more about our performance over the past year
