2023 Annual Results
Welcome to Elixirr’s FY23 Annual Results. The strategic steps we have taken to diversify our business resulted in another record year and enabled us to perform strongly across the economic cycle.
A message from our CEO
2023 highlighted Elixirr’s ability to thrive, outperforming both competitors and the global Consulting market. Our continued growth is a testament to the quality of our team, and the value we deliver to our clients.
This year we continued to invest in our four-pillar growth strategy, further diversifying our offering and enabling us to solve new and interesting challenges for our clients. Our equity incentive model continues to disrupt the market, solidifying our reputation as the Challenger Consultancy and setting us up for continued success.
Regards,
Stephen Newton
Revenue £m (calendar year basis)
Another year of record performance
Increase from FY22 to FY23
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 FY23 Elixirr continued to make great progress across all pillars.
Stretch existing Partners
Our Partners are heavily incentivised to grow revenue and maintain margins and have been supported in doing so by an internal reorganisation into an industry vertical model. The senior members of the Partner team are accountable for growing specific industries, geographies and capabilities.
Promote Partners from within
Growing talent from within ensures that we retain our culture and quality as we scale, and we have embraced ‘growing our own timber’ since the day we were founded. In FY23 we promoted 4 partners from within.
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 FY23 we welcomed 3 new partners through our network and an additional 5 through our acquisitions.
Acquire new businesses
Buying new businesses in key growth markets with additive capabilities to Elixirr’s existing offering remains a key part of our growth strategy. In 2023, the acquisitions of Responsum and Insigniam opened doors to new clients, markets and capabilities, and have generated significant growth potential.
Our story
Read more about our results
Find out more about our performance over the past year
