93 Timico

Key points

93 Timico

Revenue: £44m (-13%)

Net profit margin: -8.9% Staff: 291

This mid-market MSP claimed investment in robotic process automation during its year to 31 December 2018 boosted its efficiency, despite posting a £3.9m net loss on revenues that fell 13 per cent on a pro-rated basis to £44m. Horizon Capital-backed Timico's new management team are chasing an EBITDA margin of 15 to 20 per cent, up from 8.2 per cent last year.