Several resellers and IT providers have made it into the Sunday Times’ list of the 100 most profitable privately owned businesses in the UK.
The Profit Track 100 includes online retailer The Hut Group at number six, MSP Annodata at number 24, IT services provider Claranet at number 56, IT consultancy Blue Chip at number 97 and IT security software developer Avecto at number 98.
The annual Sunday Times BDO Profit Track 100 league table, now in its 16th year, ranks Britain’s private companies with the fastest-growing profits over their latest three years of available accounts.
To qualify, companies have to be registered in the UK and be independent, unquoted and ultimate holding companies.
Rod Tonna-Barthet, Annodata’s CEO, commented: “As a company, we have evolved our strategy over the past few years as we set in place the foundations needed to grow the businesses and ensure we remain at the forefront of technological innovation.
"A number of key additions to our senior management mean that our leadership team has never been stronger, and our expanded service portfolio puts us in a strong position to respond to the often complex needs of our customers.
"Our customers and the business are reaping the rewards of these changes, and I’m delighted that the efforts of the whole team at Annodata have been independently recognised by the Profit Track 100 as being one of the most profitable businesses in the country."
Charles Nasser, CEO of Claranet, added: “Financial strength is core to our value proposition as a managed services provider and is critical if we are to secure the trust of our customers.
"Our ability to adapt to better suit a constantly changing market has enabled the business to improve profitability, securing its financial strength. By balancing fiscal responsibility with technological innovation we have been able to grow the business sustainably over our 20-year history."