HealthTechFast growth

Made Tech Group has seen its revenues climb 120% in the last 12 months.

Listed and headquartered in London, the company provides digital, data and technology services to the UK public sector.

Boosted by contract wins with NHS Digital and the Met Office, its revenues for the year ended 31st May 2022 reached £29.3 million, up 120% from £13.3m in the previous year.

Its adjusted EBITDA of £2.6m was, compared with a £500,000 loss in FY21, an increase of 618%.

The company, which now employs 414 permanent staff and 64 contractors – a doubling of headcount in the last 12 months, including new employees in Scotland, Newcastle and the Midlands – has a cash balance of £12.3m.

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The firm said it had broadened its client base with wins across central government, local government, health and devolved administrations. 

This included a first major two-year contract with NHS Digital, valued at £19m, and the recently announced contract with the Met Office, worth at least £7m over a two-year period. 

“FY22 was a very significant year for Made Tech, one in which we delivered exceptionally high levels of organic growth,” said Rory MacDonald, CEO. 

“We navigated the well-documented macro recruitment challenges to double our headcount year on year. 

“We have made a strong start to FY23.”

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