31 Ultima Business Solutions
Revenue: £122.8m (+11%)
Net profit: 1.1% Staff: 412
Having taken on private equity investment from Apse Capital in 2019, this Reading-based Microsoft and Citrix partner this February launched an ISV arm focused on robotic process automation. Automation is "now intertwined in everything we do", Ultima claimed in its annual accounts showing revenue growing 11 per cent to £122.8m in its year to 31 March 2019. Due diligence costs of £523,000 caused net profits to dip from £1.7m to £1.4m.
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