Revenue: £175.2m (+17%)
Net profit: -8.8% Staff: 410
Founded in 1996 by Alastair Bell, this IBM and Oracle partner opened a new office in its native Portsmouth in 2021 to extend its managed services capability. It saw "strong organic revenue growth" in its year to 31 March 2020 as international expansion and a "major" new procurement contract bolstered its top line. Net losses widened from £351,000 to £8.8m, due mainly to a foreign exchange impact. An IT equipment and services contract won with an unnamed international BPO firm since year end is expected to contribute "material additional revenue" in the future, it added.
Covid impact
The shift to remote working prompted Bell to move its London office to a new low-cost location in Waterloo.
