41. Apogee

Revenue: £102.8m (+17.9%)

Staff: N/A

Another mid-tier MSP that saw a sizeable revenue increase this year, Apogee still fell down the rankings thanks to faster-growing rivals.

Five years into its acquisition by HP, Apogee derives most of its revenue from managed services.

This year, it cited a decline in managed print demand to the tune of 20-30 per cent, versus growing demand for outsourced managed IT.

Automation and transformation also provide a strong revenue stream, according to the Maidstone-based firm.

The company is looking to rebalance its portfolio of services to reflect this and increase its investment in new services.

In February, Apogee welcomed back former CFO James Clark , who had spent two years in various role at parent company HP. Clark returned as CEO.