42. Arrow Business Communications

Revenue: £98.8m (+17.9%)

Staff: N/A

Godalming-based Arrow continued to build on its comms DNA in 2023 to become a broader service provider.

Revenues grew by 18 per cent, with 73.8 per cent of that being recurring, while profit margin was stable at 49.2 per cent.

Its annual figures reflect continued growth across managed services, complex networking and cyber, the company said, as well as expansion in its collaboration solutions.

The reporting period also captured one month of results from 2022 acqiuree Bruhan Ltd, contributing £1m in revenue.