Great demand still exists for technology services and innovation in the UK and Europe, despite difficult conditions.

So says Andrew Radcliffe, Managing Director of Spyrosoft Limited.

The technology services business, which has its new UK headquarters at SmartBase on Bournemouth’s Aviation Park West, has seen a near-doubling in year-on-year revenues.

First half revenue for this year was 139.42m Polish Zloty (PLN) – approximately £25 million – compared with 74.61m PLN, or around £14 million, for the same period last year.

That represents a year-on-year increase of nearly 90 per cent.

First-half net profit also grew by 69 per cent year-on-year while its Earnings Before Interest Tax Depreciation and Amortisation (EBITDA) margin is up 15.9 per cent year on year.

Spyrosoft was co-founded by Andrew and launched in Wroclaw in Poland in 2016.

It’s now one of the fastest growing specialist technology companies in Europe, supporting businesses globally with high-tech digital engineering projects.

The company has 1,271 global employees and continues to recruit, with more than 25 specialists based in its Dorset offices.

There are plans to recruit more experts as the company heads into 2023.

Andrew said: “Once again, demand for Spyrosoft technology services has grown and we see this continuing into year-end and 2023.

“In the first half of the year, we were delighted to welcome an additional 38 new customers to our global customer portfolio with group revenue increasing 90 per cent year on year.

“Locally, our UK market share continues to expand, particularly in financial services, resourcing, and geospatial domains.

“I’d like to thank the whole Spyrosoft team for their hard work and dedication in helping to deliver innovative technology solutions in collaboration with all of our customers.”