81. Logicalis

Revenue: £55.4m

Logicalis UK describes itself as an enabler of digital transformation, blending deep technical expertise with a customer-centric model that aims to help clients extract maximum value from their technology investments. A core focus on managed and professional services, combined with longstanding partnerships with key vendors such as Cisco, IBM and NetApp, continues to underpin the business’ go-to-market.

The firm posted revenues of £55.4m in the year to 29 February 2024, up 19 per cent year on year, thanks in part to improved macroeconomic conditions and easing supply chain pressures. Despite recording an operating loss (before exceptional items) of £3.5m, Logicalis UK says it has now laid the groundwork for more sustainable performance, following an internal restructure and a sharpening of its customer engagement strategy.

FY24 also saw Logicalis UK complete the hive-up of Q Associates, a business it acquired for £5.5m in 2022, folding its assets and liabilities into the wider company structure. A £1.2m restructuring effort during the year included headcount reductions across multiple functions, with the aim of creating a leaner cost base and a more focused service delivery model.

The business remains reliant on its strategic vendor relationships, particularly with Cisco, IBM and NetApp, and continues to invest in developing those alliances. Its integrated offering spans cyber security, collaboration, data centre, IoT, and cloud services.

Looking ahead, the leadership team says it is confident that the company’s revised operating model, streamlined structure and vendor-aligned strategy place it in a strong position to meet rising demand for digital transformation support across the UK market.