Revenue doubles for software coding trainer
Northcoders, the provider of training programmes for software coding, has seen its revenue more than double in the first half of 2022 to £2.37m (H1 2021: £1.09m) an increase of 117%.
The Manchester business, with bases in Leeds, Birmingham and Newcastle has seen a strong demand for its bootcamp training with firms such as On the Beach, Evri, HESA and Sky Bet starting their training programmes during this period.
There has also been a continued growth in demand for Northcoders business services with repeat programmes from NHS Digital.
As the workplace adopts a more flexible way of working, the firm has benefited from a hybrid teaching model with remote learning and teaching in person at hubs, generating profits after tax of £190,000 (H1 2021: £20,0000).
In August, Northcoders was awarded £4m of government funding to provide scholarships at its bootcamps.
The funding has been awarded not only to teach software development, but can also be used to fund students in the company’s new data engineering business unit.
The unit is the next discipline within Northcoders’ product growth plan. The scholarship seats are eligible for award anywhere in England, which also provides an opportunity to further grow the company’s geographical footprint, including in London and other areas of the South of England.
Chris Hill, Chief Executive Officer of Northcoders, said: “The continuing Government support for technology training serves to highlight the significant digital skills gap in the UK.
The lack of qualified engineers is limiting the progress of businesses nationwide which in turn is holding back a domestic economic recovery.
This is combined by a lack of diversity in the technology sector that requires immediate attention as it ultimately further limits the supply of quality engineers and impedes the levelling up agenda.
“A shortage of talent is simultaneously pushing sector salaries to all time highs and increasing the attractiveness of the career path and demand for Northcoders services”.