Digital transformation services firm Made Tech Group has posted an impressive set of results for the half-year up to November 30, 2021.
Revenue was up 131% to £11.7m (H1 FY21 £5.1m), with growth all organic. Adjusted EBITDA increased to £1.2m (H1 FY21: £0.2m), and adjusted profit before tax climbed to £1m compared to just £12,000 last time.
The company's headcount increased by 89% to 216, indicating plenty of growth to come, in the public sector market the UK company specialises in. In fact, total headcount is forecast to increase to 429 people by end of this April, with 352 of those being permanent employees.
And announced today, Made Tech has been awarded a place on a two-year contract with NHS Digital, with a contract value of approximately £37.5m - with Made Tech expected to receive around half of the total contract value
The firm was AIM-listed last September. Rory MacDonald, CEO, said of the results: “We have a clear plan to capture the market opportunity ahead of us, and we're making significant operational progress.
“Our new contract bookings and robust pipeline underpin the board's confidence in the medium term outlook. We look forward to continuing to deliver strong revenue growth in the second half of FY22.”
