57 Natilik

Revenue: £74.9m (+3%)

Net profit: 5.6% Staff: 230

Bolstered by a 28 per cent leap in cloud and subscription sales, this London-based Cisco Gold partner saw revenues swell three per cent to £74.9m in its year to 31 March 2021, according to draft accounts it shared with us. Net profits also jumped from £2.6m to £4.2m, reflecting the more services-heavy revenue mix and a tighter focus on costs. Natilik continues to build out its own intellectual property, including its Natilik Platform and DevOps and automation offerings.

Covid impact

Natilik's CFO told us the firm has been "much more cautious" about the level of increase in overheads since the pandemic struck. This helped it push up net margins from 3.6 to 5.6 per cent year on year in fiscal 2021.