37 Logicalis
Revenue: £107.9m (-7%)
Net profit margin: -2.1% Staff: 387
After admitting its UK business is "not as agile as it should be", this global Cisco Gold partner appointed Alex Louth as its new UK MD in May to oversee a local restructuring drive. Logicalis UK stumbled to a third consecutive annual net loss in its year to 28 February 2018, with revenues dipping a further seven per cent to £107.9m - down from a high of £204m in 2014 (in between the deadline for research and publication, Logicalis UK unveiled a further drop in its top line for its fiscal 2019, with revenues hitting £92.2m and net losses tumbling to £24.4m). Part of South African group Datatec, Logicalis turned over $1.7bn globally in its fiscal 2019.
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