58. Vohkus

Revenue: £70.1m (-18%)

Staff: 164

This Southampton-based IT solutions provider fingered the double whammy of Covid and chip shortages as the cause of a £15m revenue drop in its year to 30 June 2021. Net profits doubled to £1.5m, however. The Vodafone, HP and 8x8 partner recently set up an Indian subsidiary as part of a mid-term strategy to move towards contracted services income. It has also moved to facilitate post-Brexit trade with incorporations in Spain, Germany and the Netherlands.