Accumuli is at the forefront of this technology and boasts more than 700 customers in its services and technology solutions businesses. The customer base covers a range of industry sectors, including financial services, utilities, telecommunications, manufacturing and government. It's a highly profitable area to be operating in as the company has just reported a 32 per cent hike in cash profits to £2.9m in the 12 months to end-March 2014. Cash flow performance was impressive, too: cash generated from operations rose 50 per cent to £3.6m and 100 per cent of cash profits were converted into cash. So even after splashing out £3.3m of cash on acquisitions (see below), paying out £600,000 on dividends and spending £300,000 on capital expenditure, net cash ended the year at £3.6m, down from £7.2m in March 2013.
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