Why Invest

Amongst delivering strong Revenue, EBITDA and EPS performance, we show:

Excellent progress against growth strategy of £100m run-rate revenue by March 2023 enabling greater ambition for 2025

Marquee clients and great reputation
Made progress in closing 72% of our Diversity and Inclusion (D&I) gaps (From 18 key representation, inclusion and pay gaps

Carbon intensity per £1m Revenue reduced by 23% to 37.32 TCO2e (FY2020: 48.61 TCO2e)

Community action hours increased by 83% to 1,654 (FY2020: 904)

A strong management team that are all significant shareholders

Public services work accounts for 71% of revenue whilst the commercial sector continues to grow and represents 29% of revenue.

Strong financial fundamentals

Profitable (normalised adjusted EBITDA)

Cash generative - 106% cash conversion

Milestone dividend payment in 2021

Adjusted EBITDA £7.1m, cash at bank of £5.7m

Access to structural growth markets

Software & IT Services market worth an estimated £51.8bn in the UK

Public sector comprises £12.1bn

CAGR for the public sectors SITS market is 1.3% from 2019-2023, projecting stable growth for the industry over the next few years

Health sector expected to grow at 3.8% CAGR to £2.2bn by 2023

Revenue is 71% public sector, across central and local government, healthcare and education sectors

A unique, full service proposition for clients

Cloud/agile native

Deep integrated expertise on every engagement, collective strength

Drives ability to take market share from legacy competitors

Focused exclusively on new technology rather than heritage systems

Increasing ability to win larger £3m+ deals and the accelerated move towards digital transformation across both public and private sectors

Investing for growth

Proven capability to quickly build competitive offerings in key areas

Prepared for the move to conversational AI and Robotic Process Automation to solve the problems of legacy technology

Laser focused acquisition strategy

Continuing to target strategic earnings-enhancing acquisitions that will add to our capabilities or help us further strengthen our position within the UK public services market

In-house origination and M&A team

Making only accretive acquisitions

Management and wider employee buy-in

With significant stakes in the company and invested in its purpose

Employees engage through Share Incentive Plans and Option Schemes.