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Northcoders Group PLC - Manchester-based training programmes for software coding - Says revenue more than doubled to £3.0 million in 2021 from £1.3 million in 2020. Pretax profit narrows to £523,588 from £1.2 million. Attributes its performance to strong demand. Says it is trading in line with expectations. Revenue visibility stood at £3.6 million at the end of the first quarter, representing 55% of the target revenue for 2022.
‘We are delighted to report such a strong set of maiden financial results, demonstrating that Northcoders is successfully delivering its IPO growth strategy,’ Chief Executive Chris Hill says.
Current stock price: 316.00 pence, up 24% on Tuesday
12-month change: up 76% from 180p listing price in late July 2021
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