37 Maintel

Doug Woodburn
clock • 1 min read

Revenue: £106.4m (-13%)

Net profit: -1.6%   Staff: 560

This AIM-listed cloud and comms provider stumbled to a £1.7m net loss on revenues that fell 13 per cent to £106.4m in its year to 31 March 2021 as Covid-fuelled project delays "inevitably" pinched its top and bottom line. The Avaya, Mitel and Microsoft partner has returned to organic growth in 2021, however, with 30 per cent of its £53.5m H1 2020 revenues drawn from cloud and related software offerings (up from 25 per cent a year earlier). Maintel offloaded its managed print arm for £4.5m in April.

Covid impact

Site access issues meant the pandemic delayed some "major projects" for Maintel, which confirmed it furloughed a "small number" of employees during its fiscal 2021 (claiming £387,000 through the scheme). Its projects business "recovered" in its H1 2022, however.

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