28. Phoenix Software

Key points

Revenue: £130.3m (+10%)

Net profit: 2.7%

Staff: 163

This York-based software licensing outfit's latest annual results cover an elongated 16-month period ending 28 February 2018 after it aligned its financial year end with new parent Bytes Technology Group, whose principal subsidiary ranks 13th. Revenues hit £173.7m, equating to £130.3m on an annualised basis - a 10 per cent leap year on year. Phoenix noted that the sales models available from vendors in its core software business are continuing to switch from on-premise to hybrid or pure cloud solutions.