38. Redcentric

Key points

Revenue: £100m (-4%)

Net profit: 0.5%

Staff: 501

This mid-market-focused MSP admitted it "didn't sell enough" during its fiscal year to 31 March 2018 as its revenues tumbled four per cent to £100m. But a cost-cutting drive, which saw it trim UK headcount from 387 to 347, helped the AIM-listed firm reverse a net loss of £2.4m in 2017 to a profit of £511,000 this time around. At the time of press, Redcentric was hunting a new leader after binning chief executive Chris Jagusz following poor 1H 2019 numbers.