Profit Track 100

This Manchester connectivity and internet infrastructure provider was founded in 2003. It provides wireless internet and other connectivity services to customers such as Intu, AO.com and Laing O’Rourke. In 2016, after private equity firm Livingbridge paid £45m for a majority shareholding, the business — originally called Metronet — acquired internet hosting and cloud firm M247, then Venus Business Communications for an undisclosed sum in 2017. The firm operates from four sites in Europe and has 11,000 customers in 110 countries. Profits (Ebitda) reached £15.5m in 2018 under managing director Jenny Davies, 40.

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Company details
Year2019
Rank57
CompanyM247
ActivityInternet and cloud services
LocationManchester
Annual profit growth68.83%
Latest profits £000s‡15,500
Latest sales £000s54,978
Staff239
Founded2003
Websitewww.m247.com

If applicable:

* supplied by company † annualised figure