Teacup forming? |
Teacup forming? |
 TechMarketView:
Made Tech continues to make hay
UK public sector-centric digital SI, Made Tech Group Plc is continuing to see robust sales booking momentum through the second half of FY25 (the twelve months ending 31st May). Two wins at Department for Business and Trade (DBT) and a contract extension with the Ministry of Justice (MoJ,) together worth up to £20m, have lifted the new business signed year-to-date to over £68m. The figure for the whole of FY24 was just £36m.
Earlier in H2, DBT awarded Made Tech a two-year, £6m call-off digital teams contract, with an option to extend to a third year valued at £2m. This was added to in March by a new four-year, £6m engagement enhance the department's data platform and analytical capabilities (see here). The deal with the MoJ, worth c.£6.0m over two years, continues the service provider's digital partnership on the department’s Electronic Monitoring programme.
These recent successes highlight Made Tech’s position as a strong independent player in the UK public sector with a clearly defined market proposition. Against and increasingly challenging trading backdrop, the firm reports that it remains squarely on track to deliver on market expectations for double-digit top line growth in FY25. |
A rare bit of blue amongst todays market carnage ! 🙂 |
Contract Wins
Made Tech is pleased to announce continued robust sales booking momentum through the second half of FY25.
Sales bookings in the year to date now total £68.2m. This represents an increase of £26.2m on the first half of the year (H1 FY25: £42.0m) and is 89% up on the prior full-year performance (FY24: £36.0m). Contract wins in the second half of the year to date include two call-off contracts with the Department for Business and Trade ("DBT"). One, worth £6.0m over a two-year period, with an option for DBT to extend for a third year valued at £2.0m, is for Made Tech to work alongside DBT's Digital, Data, and Technology teams to provide expertise and support them to build long term capabilities. The second contract, worth £6.0m over a four-year period, is for Made Tech to continue developing and improving DBT's data platform and analytical tools. A third contract with the Ministry of Justice ("MoJ") worth c.£6.0m over two years, continues Made Tech's digital partnership on the MoJ's Electronic Monitoring programme.
The Board is pleased to confirm that trading during the second half of FY25 remains strong. The Group is on track to achieve double-digit percentage annual revenue and Adjusted EBITDA growth for FY25, in line with market expectations, and will be free cash flow positive for the year. The continued sales momentum and bid activity seen in the second half of FY25 underpin our confidence for FY26.
Rory MacDonald, CEO of Made Tech, said:"We are pleased that the Department for Business and Trade and the Ministry of Justice have chosen to partner with us once again. These wins expand our relationships across multiple service lines, demonstrating the Government's confidence in our ability to deliver critical digital solutions and reinforcing our reputation in the market." |
No but everything is getting hit,We need another trading update |
Seems to be an overdone sell off..? Anyone any idea what is causing this? Is MTec exposed to the US? |
Made Tech has secured a new contract with the Department for Business and Trade (DBT) to enhance the department's data platform and analytical capabilities. This win builds on a four-year partnership and aligns with Made Tech's strategic focus on driving better decisions through data and automation (see TechMarketView Market Readiness Index 2022 | TechMarketView).
The contract will see Made Tech supporting DBT's CRM adoption and improving data quality to generate richer insights for trade policy development. This builds on previous work where Made Tech conducted a comprehensive review of DBT's self-built Data Hub CRM system, that provides the department with a single view of companies they work with and supports UK businesses seeking new export markets.
In that earlier engagement, Made Tech delivered strategic and economic analysis, comparing options including maintaining the existing Data Hub, transitioning to commercial platforms like Salesforce or Microsoft Dynamics, or developing a hybrid approach. This work culminated in a detailed report presented to DBT's executive committee that set out options to improve user experiences.
Skills development is another key component of the latest contract, with Made Tech delivering knowledge-sharing initiatives to ensure DBT teams maximise value from their data investments. This approach aligns with Made Tech's strategic mission of enabling technology skills within the public sector.
The win follows Made Tech's impressive H1 FY25 performance, where sales bookings more than tripled to £42.0m compared to £12.6m in H1 FY24 (see Made Tech H1: Building momentum and strengthening leadership | TechMarketView). The company's contracted backlog has grown 44% to £80.8m, providing strong revenue visibility.
For DBT, which supported £862 billion in UK exports last year, the enhanced data capabilities will strengthen its ability to identify opportunities for UK businesses internationally and attract global investment – critical priorities in a post-Brexit economic landscape.
The contract strengthens Made Tech’s position in the public sector technology market. Data infrastructure and platforms represent a promising growth area as government departments increasingly prioritise data-driven decision-making. |
They are going to beat the assumptions out of sight! |
depends on many of those contracts were built into their assumptions when guiding brokers, but yes, seemingly on a roll |
More upgrades must surely follow,loads of contracts being won,Strange no RNS to the stock market. |
Made Tech secures new Department for Business and Trade contract to improve data-driven insights |
Massive £c7.00 million awarded today by DBT.
See Made tech linked in page for published announcement |
Was that the bottom,Lets hope so |
More upgrades are sure to follow! |
The good news is they are winning plenty of contracts :) |
The company has won £millions of contracts over the last 6 months that have NOT been announced , if they had issue rns's the price would have would certainly have been considerably higher. |
Cheers darlocst and jatin24. Looks like it's worth circa £3m a year.
Edit 08.04:
Electronic Monitoring Digital Delivery Partner - 2025
MINISTRY OF JUSTICE
Summary of the contracting process
The Ministry of Justice has awarded a contract titled "Electronic Monitoring Digital Delivery Partner - 2025", under the industry category of Information Technology Services (CPV 72222300). This contract aims to build, develop, and improve digital and data products and provide technical assurance for electronic monitoring. The procurement process was selective and conducted as a call-off from a framework agreement. The tendering phase concluded on 20th December 2024, with the contract awarded on 25th February 2025. The contract period spans from 1st March 2025 to 28th February 2027, covering locations including the UK, British Oversea Territories, Channel Islands, Isle of Man, Europe, and the rest of the world. This tender offers significant business growth opportunities, especially for small and medium-sized enterprises (SMEs) with expertise in information technology services and digital product development. The contract, valued at £6,000,000, has been awarded to Made Tech Limited, an SME based in London. Businesses that can provide innovative digital solutions and technical assurance in electronic monitoring will find this tender particularly beneficial to enhance their portfolio and establish a robust relationship with a major public sector entity like the Ministry of Justice. |
Electronic Monitoring Digital Delivery Partner - 2025
Ministry of Justice
Services to build and develop existing digital and data products, new capabilities and improvements from datasets, and provide Technical Assurance for Electronic Monitoring.
Procurement stage Awarded contract
Contract location Any region
Awarded value £6,000,000
Awarded supplier Made Tech Limited
Publication date 28 February 2025 |
Contract is shown here - search "Made Tech", awarded contracts and order by date. |
I can't find anything under Bid Stats about such a contract award. Why don't you just post a link like most posters would do where no RNS has been issued - it could provide credibility for such an unverified claim. |
Hi see Bid stats contract award today and scroll down to see value of contract.
£6 million MoJ 2 Yr |
Do you have a link to substantiate that news ? |
Massive £ 6 million contract awarded today by MoJ |
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