Revenue: £51.3m (-7%)
Net profit: -8.4% Staff: 156
Having turned over more than £200m as recently as 2014, the UK arm of this global Cisco and IBM partner saw its top line shrink by a further seven per cent to £51.3m in its year to 28 February 2021 as Covid pinched demand for its professional services. It exited the year in a cheery mood, however, as recent restructuring efforts enabled it to slash net losses from £12.5m to £4.3m (see interview with UK MD Alex Louth). Part of South Africa-based IT group Datatec - which also owns distributor Westcon - Logicalis turned over $1.45bn globally during the same period.
Lower customer demand in the wake of Covid prompted Logicalis UK to make some headcount reductions during its fiscal 2021. This contributed to a £500,000 restructuring bill for the year.