34. Wavenet

Revenue: £118.8m (+66.8%)

Staff: N/A

This being the first year that 2022 acquisitions Excell and OGL are reflected in Wavenet's bottom line, the St Albans-based group has made a substantial jump up the rankings.

Wavenet continued on the acquisition trail last year, with the buyouts of MSP Adept Technology Group, network solutions specialist Axial and Falanx Cyber in April, June and December 2023, respectively.

Expect the MSP to climb further in next year's list.