35 Ultima Business Solutions

Key points

Revenue: £110m (+13%)

Net profit margin: 1.5% Staff: 391

Ultima took on the first outside investment in its near 30-year history this August, selling a majority stake to Apse Capital in a move CEO Scott Dodds told CRN will spark internal investment and potential acquisitions. The Reading-based Microsoft, Citrix, Dell EMC, HPE, VMware and Thoughtonomy partner saw net profit rise from £1.1m to £1.6m in its year to 31 March 2018, with revenues topping £100m for the first time.