24 Banner

Revenue: £161.5m (-12%)

Net profit: 0.5% Staff: 529

Covid had a "material impact" on the top line of this Sheffield-based business supplies giant in calendar 2020, with revenues tumbling 12 per cent. As well as offering managed print and IT hardware solutions from the likes of HP, Brother, Microsoft, Apple and Samsung, Banner also punts furniture, office supplies and hygiene/cleaning products. In October 2020, Banner's parent EVO acquired the trade of fallen stationary giant Staples, which it has now integrated into Banner.

Covid impact

As a supplier of workplace products, Banner was always going to take a lockdown hit as offices up and down the country shut their doors. It was, however, able to increase net profits from £684,000 to £874,000 as it flexed costs via the government's furlough scheme (through which it claimed £735,000).