Allenby Capital Brendan D'Souza comment5 May 2026 12:43
FY25 was a challenging year for Northcoders, with changes to Government skills funding impacting the Group’s revenue. Bright spots in FY25 include the growth of Counter and £2.1m in annualised cost savings, the full effect of which will be visible in FY26. The lean cost base combined with a strong start to FY26 and local authority contract wins, put Northcoders on a better footing in FY26E.