6 Daisy
Revenue: £675.7m (-1%)
Net profit margin: -21.1% Staff: 3,744
With founder Matthew Riley back pulling the strings, this telecoms, IT and cloud juggernaut has ditched its previous ‘One Daisy' mantra and instead moved to hand its constituent divisions more operational independence.
Accounts for the year to 31 March 2019 show flat revenue of £676m as the Lancashire-based firm hit pause on its M&A blitz.
Daisy's mid-market-focused Corporate Services unit, based partly on its 2017 Alternative Networks purchase, saw revenue drop from £277m to £252m. Its other direct-selling division, ‘SMB', contributed £136m to the top line, with its indirect Allvotec and Digital Wholesale Solutions arms generating £94m and £188m, respectively.
Daisy's preferred profit measure of EBITA was also flat, at £127.1m, although net losses widened from £97.3m to £142.8m as it ate an £88m amortisation charge and finance costs of £141m. Daisy secured £1bn in fresh financing from US investment firm Ares on 31 January 2019.
More on Reseller
Partner Content: The Channel Opportunity in Digital Infrastructure Maintenance
How channel partners can become an integral part of clients’ digital transformation
Former SHI boss Brodrick joins Paragon Micro as UK MD
New UK boss says he aims to make the UK reseller a top 100 VAR in the UK by the end of the year
Five resellers secure places on £150m Welsh IT framework
Contract covers IT hardware to larger customer organisations
European IT channel on track for record breaking year in 2021, claims analyst
Market analyst Context says European IT channel now on track to break first ever €100bn-revenue year in 2021, despite pandemic pressures
Eight resellers win spots on £5bn IT framework with East Midlands police
Four-year contract includes wide range of hardware, software, services and support to police force
More news
Canalys reveals its six hottest cybersecurity solutions for 2021
Analyst believes global cybersecurity spending will rocket by 10 per cent after data breaches and ransomware attacks hit all-time high
Partner Content: The Channel Opportunity in Digital Infrastructure Maintenance
How channel partners can become an integral part of clients’ digital transformation
Trend Micro appoints Baker as UK boss
Former sales director tells CRN what partners can expect from the cybersecurity vendor under his leadership
Midwich mounts comeback in H2 despite Covid disruption
AV distie sees revenue grow four per cent to £710m for its full FY20