45. K3 Business Technology

Key points

Revenue: £83.4m (-6%)

Net profit: -16%

Staff: 765

This Microsoft Dynamics and Sage partner's most recent annual results, covering an elongated 17-month period ending 30 November 2017, showed an eye-watering £13.4m net loss on revenues that fell six per cent to £118m (we have annualised these figures for the purposes of this profile). But the AIM-listed firm, which now generates a fifth of revenues from its own intellectual property, is enjoying a brighter 2018 under new CEO Adalsteinn Valdimarsson following efforts to restructure and refocus.