We recently highlighted the presence of IT support provider, Littlefish, in the TechTrack100 (see Littlefish and the Tech Track 100). Littlefish was a Little British Battler (LBB) at our inaugural event in Q1 2012 – see Little British Battlers Q112 and Little British Battler Update: Littlefish).
They may not sit in one of the ‘sexy’ areas of the ICT market, but their growth achievements make up for that in the excitement stakes. In their financial year to 30th September 2017, we expect them to report growth of c50% to around £8.5m. In addition, employee numbers have increased to 120 (with 20 vacancies open). That compares to a turnover of just £1m (with 20 employees) when the current owners acquired the business in 2010. The business is profitable and cash generative.
Having caught up with Littlefish CEO, Steve Robinson, in this research note – Littlefish beating the big (and medium) fish in the big sea – TechMarketView Director, Georgina O’Toole, looks at how the company is slowly nibbling at the heels of the big and medium sized infrastructure services players in the market. The UKHotViewsExtra article also discusses the investment being made by Littlefish and its predictions for future growth.
TechMarketView subscription clients can gain access to the research note now. If you are not yet a subscriber, or don’t know if your company has a corporate-wide subscription already, please get in touch with Deb Seth.
Posted by Georgina O'Toole at '10:36'
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