Appointment of Chief Financial Officer
Redcentric plc has appointed Tim Sykes as its new Chief Financial Officer and Executive Director, effective immediately, replacing Tony Ratcliffe who supported the sale of the data centre business for £122.85 million. Sykes brings over 30 years of financial experience, including significant roles as CFO at AIM-listed companies and a recent successful take-private transaction. His appointment is expected to be valuable as the company focuses on accelerating growth in its pure-play MSP business.
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Redcentric plc (LSE: RCN), a leading UK IT managed services provider ('MSP'), is pleased to announce the appointment of Tim Sykes as its Chief Financial Officer and Executive Director with immediate effect.
Tim is an experienced CFO with over 30 years of financial experience, including 15 years as CFO of AIM listed Proactis Holdings plc. He has varied operational, transactional, and strategic experience and driven significant growth, both organically and via M&A. He concurrently served as CFO at Avacta Group plc, Eleco plc and Altitude Group plc, playing a key role in multiple acquisitions and fund-raising rounds. Most recently, served as CEO of Proactis, he led the company through a successful take private transaction, then subsequently joined Aptamer Group plc as a non-executive Director and also maintained a fractional CFO portfolio supporting high-growth ventures. Tim qualified as a Chartered Accountant with KPMG.
Tim replaces Tony Ratcliffe, who joined the Group in August 2025 on a fixed-term contract to support the sale of the data centre business and the transition to a pure-play MSP. The sale of the data centre business to Stellanor Datacenters Group Limited successfully completed on 30 April 2026 with an estimated consideration of £122.85 million. Tony will remain with the business for a period to support an orderly transition.
Michelle Senecal De Fonseca, CEO, commented: "I am delighted to welcome Tim to the Redcentric Board. His extensive experience in scaling technology companies, executing M&A transactions and driving shareholder value on AIM will be highly valuable as we focus on accelerating growth in our MSP business. I would also like to thank Tony Ratcliffe for his significant contribution during a transformational period for the Group, and we wish him well with his future endeavours."
Additional information pursuant to Schedule Two, paragraph (g) of the AIM Rules for companies.
Timothy Sykes, aged 56, is currently or has previously been a director of the following companies within the past five years.
| Current directorships | Previous directorships within the past five years |
| Aptamer Group PLC The Moorings Management (Filey) Limited | Proactis plc and subsidiaries* Rio AI Limited Rio AI (UK) Limited Data Connect Group Limited |
In 2017, Mr Sykes was a director of Proactis Total Procure Limited, which was a Proactis joint venture in India, when it was compulsorily struck off having ceased to trade.
Save as set out in this announcement, there are no further details to be disclosed in pursuant to Schedule Two, paragraph (g) of the AIM Rules for companies.
*Proactis plc subsidiary directorships set out as follows:
EGS Group Holdings Limited
EGS Group Limited
Intelligent Capture Limited
Unity Marketplace Limited
Intelligent Capture Managed Services Limited
Feonline Limited
Proactis Overseas Limited
Perfect Commerce UK Limited
Due North Limited
Proactis Group Limited
Proactis Totalprocure Limited
Image Integrators Limited
Alito Limited
Alito (UK) Limited
Requisoft plc
Intersources (UK) Limited
Proactis Euro Hedgeco Limited
Proactis US Dollar Hedgeco Limited
Proactis tenders Limited
Proactis Accelerated Payments Limited
Proactis Overseas Limited
Proactis Limited
Proactis Holdings Limited
Proactis Inc
Proactis Pty Limited
PHD Developing Markets Limited
Proactis US Holdings Inc
Intesource Inc
Proactis France SAS
Proactis SA
Proactis Designated Activity Company (DAC)
Proactis GmbH
Proactis Deutschland GmbH
Proactis SA
TradeRanger US Inc
Hubwoo US Inc
Trade-Ranger Management LLC
Trade-Ranger Holdings LLC
Proactis LP
Proactis Southeast Asia Limited
Proactis Limited
Perfect Commerce LLC
Commerce One LLC
Perfect Commerce Operations Inc
Perfect Commerce Global Purchasing LLC
Compro Business Services LLC
Perfect Commerce UK Limited
Esize Holdings BV
Proactis BV
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.