Plymouth Science Park’s longest standing tenant Rowe IT is expanding after more than doubling its team in the past three years.
The information technology company delivers a range of complex IT-based solutions to clients across the South West, including the UK Hydrographic Office and Met Office, and since moving to the Science Park, the business in 2017 has seen 61% growth year-on-year.
The company’s most recent accounts, for the year to the end of March 2020, reported a 103% growth in operating profit with a strong order book through the first quarter of 2022. The document showed a profit of £943,623. It had 12 employees in 2018 but now has a team of 29 professionals as it experiences year-on-year growth.
Rowe IT - which provides software engineering, cloud transitioning and consulting services to our public and private sector organisations - is now expanding its office space to include additional meeting rooms and collaboration zones, where ideas can be developed and strategies built to support the growing workforce.
Since it was established as a small team in 2017, Rowe IT has been an advocate for supporting local talent - the majority of its workforce are University of Plymouth and University of Exeter graduates.
The company has also set up a graduate apprenticeship scheme to support people who want to work in the IT sector, with its first apprentice starting in September 2021.
Rowe IT manager Hannah Rowe said: “Our quality expert services, as well as the supportive community at Plymouth Science Park, has enabled us to grow the Rowe IT business. The ability to access additional, purpose built space within the park has supported our strategic growth and development.
“We’re looking forward to seeing what the next four years hold as we continue to work alongside the like-minded businesses based at Plymouth Science Park.”
Dr Fay Davis, business development manager at Plymouth Science Park,, said: “Tech is the fastest growing sector in the South West and Rowe IT is one of the region’s thriving tech firms, and certainly one to watch as they embark upon the next stage of their business growth. We look forward to supporting them with their continued business development and celebrating their future successes.”
Rowe IT directors’ report for the year to March 2020 said: “Growth has been driven through new business through long-term relationships with our key enterprise clients as well as new clients, coupled with an increase in our capacity and capabilities. The latter seeing growth in the provision of fully managed services , could transitioning and DevOps delivery.”
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