36. Claranet

Revenue: £116.2m (-4.7%)

Staff: N/A

This international MSP's UK subsidiary had a challenging financial year, during which inflation, rising energy costs and interest rate hikes, it said in its latest report.

Revenue for the year was also down, but Claranet cited flexible clauses in its service contracts, either through annual RPI increases or through renewals.

The group cited new contracts, renewals and extensions this year as a key revenue driver, including with Signet, Skanska and Euromoney, among others.

A key risk for the business, beyond supply shortages which continued to be a factor is the talent shortage. According to Claranet, it is working to mitigate that by improving its retention and by outsourcing to India to cut costs.