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.
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.