Record trading at software coding training group

Northcoders, a coding specialist with bases in Leeds, Manchester, Birmingham and Newcastle, has enjoyed record demand in H1 2024, delivering a 26% increase in revenues during the period of £4.4m (H1 2023: £3.5m).
It says this has been driven by further brand expansion across the UK as well as continued robust underlying demand for the company’s technology training services.
The group notes it continues to have a strong balance sheet position with a £1.3m cash balance at 30 June 2024.
Chris Hill, CEO, said: “We are really pleased with our performance in the first half of 2024 and achieving this is testament to our strategic initiatives and the hard work of our ambitious team.
“The entrepreneurial culture runs top to bottom at Northcoders and the proactivity within our teams is driving future success.
“The successful rebranding of our Corporate Solutions division to COUNTER is an important step forward for our challenger brand, and we are confident the growing reputation of Northcoders’ quality technology training across the UK will support future growth for the division.
“As we mature as a business, I am excited for the future and confident in our ability to create life-changing opportunities for individuals from all walks of life.”
Northcoders adds that the second half of FY 2024 has started well, with its largest ever £10m Department for Education contract helping to continue to drive profitability.
Looking ahead, the business says it is confident in delivering further growth in H2 2024.
For the first time at this stage in the year, the group has 100% access to revenue and contracted visibility of the market expectations for FY 2024 revenue (30 June 2023: 70% visibility).