Northern training powerhouse Northcoders has announced its half-year results for H1, 2022.
With demand achieving record highs, the Northcoders, which operates software coding training hubs in Manchester, Leeds, Birmingham and Newcstle, has announced that is trading comfortably in line with management expectations as to revenue and ahead of management expectations with respect to underlying profitability for the first half of 2022.
Revenue for the six months to 30 June 2022 was £2.3m (H1 2021: £1.0m). On 30 June, revenue visibility for the financial year to December 2022 was £5.4m, or 83 per cent of market expectations for the year.
The strong performance of the group in the year to date means the board will invest additional funds in the second half of the year to support the anticipated growth in FY 2023, which is expected to result in the overall profitability for FY 2022 being in line with market expectations.
During the same period, the group has secured several new contracts in its corporate solutions division, with Rolls Royce and EMAC Ltd, among others, and it has…
