93 Arrow Business Communications

Revenue: £47.8m (+3%)

Net profit: -43% Staff: 238

This telecoms, cloud and energy provider is putting a £50m warchest from latest private equity backer MML to good use, making two acquisitions in 2020 and five in 2021. In a "robust" trading performance, the Godalming-based Vodafone, Mitel and Microsoft partner saw revenues inch up three per cent to £47.8m in calendar 2020. Most recent purchase Circle IT- a Cardiff-based Dell and Microsoft partner - "completes Arrow's solutions portfolio", CEO Richard Burke said in November.

Covid impact

Arrow said it "acted swiftly to take appropriate corrective measures" following "adverse financial impact" from Covid (caused by lower variable usage and temporary project delays amid difficulties accessing client sites).