Investment type
- Management buyout
Minority investment supported significant headcount growth and new service lines.
Littlefish provides managed IT services, IT consultancy, cloud services and cyber security services.
April 2019
August 2022
January 2023
Founded in 2003, Littlefish provides a comprehensive range of managed IT, cyber security, cloud and IT consultancy services to over 200 customers across both the private and public sectors.
It has built a leading position in the market through a combination of high-quality service delivery, operational automation, and an organisational structure that enables the business to outcompete the larger, traditional outsourcers.
A minority investment to accelerate growth
In 2019 the business secured a minority investment from LDC.
This has enabled the leadership team, led by Chairman Graham Gilbert, CEO Steve Robinson and CTO Richard Hutchings, who remained as majority shareholders, to accelerate their growth strategy through investment in new products and services, and in particular expanding its cyber security service offering.
During a three-year partnership with the business, LDC helped Littlefish to almost double revenues from £18.6m to £36.4m in its 2021 financial year.
Welcoming more people into Littlefish
Supported by LDC, Littlefish delivered on an ambitious recruitment programme to more than double its workforce to over 450 people across its Nottingham, Sheffield and London offices. Littlefish also opened its new offices in Sheffield and continued to invest in its people and culture, earning the company 1 Star accreditation in the Sunday Times Best Companies to Work For list in 2020.
Steve Robinson, CEO
Littlefish
Five years and counting
We exited our initial investment in 2022 to Bowmark Capital, and in January 2023, we reinvested for a minority shareholding, to continue our support of the management team’s growth strategy.
LDC was awarded ‘Deal of the Year (above £10m)’ at the Insider East Midlands Dealmakers Awards 2023 for the exit of Littlefish, demonstrating the team’s strong relationships with the East Midlands advisory community.
Insider East Midlands Dealmakers Awards 2023
Women in IT Excellence Awards 2019
East Midlands Chamber of Commerce’s Nottinghamshire Business Awards 2019
Nottingham Post Business Awards 2018
Littlefish – Insider Midlands Dealmakers Awards 2019
2020