73 Xeretec

Doug Woodburn
clock • 1 min read

Revenue: £55.7m (-30%)

Net profit: 2.8%     Staff: 241

Although Covid blew a 30 per cent hole in its top line in its year to 31 August 2020, Xeretec claimed in its strategic report that recent consolidation among print vendors and resellers has left it as the UK and Ireland's largest independent managed print outfit. Net profit for the year halved to £1.5m. Founded in 1991, the London-based Xerox partner added HP to its repertoire in 2017 by acquiring Landscape Group. In April 2021, it expanded into North West Ireland via a €500,000 investment.

Covid impact

Managed print providers who base their business on installing and maintaining onsite machines have been hit harder than just about any other breed of company in this report (see p?). Covid had a "significant" impact on Xeretec's 2020 trading, and "remains a significant risk going forward", it conceded.

More on People

Exertis appoints global diversity and inclusion programme lead

Exertis appoints global diversity and inclusion programme lead

Newly created position will drive Exertis’ D&I strategy

Josh Budd
clock 17 January 2022 • 2 min read
Ingram Micro names Paul Bay as new CEO

Ingram Micro names Paul Bay as new CEO

Bay has held a number of roles with Ingram Micro including as executive vice president and president of Global Technology Solutions

Daniel Bennett
clock 13 January 2022 • 2 min read
NTT appoints former Tech Data exec as new CEO for Europe

NTT appoints former Tech Data exec as new CEO for Europe

Appointment of Miriam Murphy will ‘supercharge’ NTT’s efforts in the continent, according to CEO Abhijit Dubey

Dan Bennett
clock 10 January 2022 • 1 min read

Highlights

MSP billing vendor CloudOlive gains $750k of additional funding

MSP billing vendor CloudOlive gains $750k of additional funding

The investment will be used to support product development and accelerate deeper integration

Dan Bennett
clock 20 January 2022 • 2 min read
UK MSPs could be fined up to £17m under proposed cybersecurity regulations

UK MSPs could be fined up to £17m under proposed cybersecurity regulations

Government proposes expanding NIS regulations to include MSPs which could carry hefty fines for those that don’t implement effective cybersecurity measures

Dan Bennett
clock 20 January 2022 • 4 min read
Nordic reseller Atea ranked 'world's most sustainable IT services company'

Nordic reseller Atea ranked 'world's most sustainable IT services company'

The Nordic giant has been recognised for the first time in an annual ranking by North American research company Corporate Knight

Kelsey Rees
clock 20 January 2022 • 1 min read