Profit Track 100

This London firm was founded in 1989 to provide IT services to the City. Chief executive Barry Horgan, 49, joined in 2008 and led the buyout of Excel IT from its founders. The business grew through a combination of organic growth and acquisitions, including the IT infrastructure division of AIM-listed RedstoneConnect for £21.6 million in 2018. Annualised profits hit £8.1 million in 2019. Today, its 700 engineers are helping global tech firms, financial institutions and retailers adapt their IT systems to cope with the pandemic.

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Company details
Year2021
Rank75
CompanyExcelRedstone
ActivityIT infrastructure provider
LocationCentral London
Annual profit growth42.50%
Latest profits £000s†8,092
Latest sales £000s†113,470
Staff694
Founded1989
Websitewww.excelredstone.com

If applicable:

* supplied by company † annualised figure ‡ profits = ebitda