40. Ultima Business Solutions

Key points

Revenue: £97.6m (+1%)

Net profit: 1.1%

Staff: 396

This Reading-based VAR and MSP is among the minority of firms in this report to have built its business through pure organic growth, without any outside investment, funding or debt. In its year to 31 March 2017, Ultima's top line nudged closer to £100m, with revenues up one per cent, while net profits rolled back from £1.5m to £1.1m. The Microsoft, Citrix and VMware partner recently rolled out robotic process automation vendor Thoughtonomy across its business.