B2B Consultancy Contract Renewals & Extensions
Northcoders Group PLC announced that its Counter® consultancy brand has secured new engagements valued at over £700,000. These engagements include new projects within existing long-term clients, contributing more than £450,000 to the Group. Renewals and extensions across Counter's broader client base account for a further £250,000 in contracted revenue. The company intends to focus resources on accelerating the growth of Counter®.
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Northcoders (AIM: CODE), a UK market-leading technology training and consultancy business, is pleased to announce that its challenger consultancy brand, Counter®, has secured a series of substantial new assignments, renewals and extensions with existing clients.
Counter® has secured new engagements with a total value of over £700,000. This includes new projects within different divisions of existing long-term clients, contributing more than £450,000 to the Group. In addition, renewals and extensions across Counter's broader client base account for a further £250,000 in contracted revenue. These agreements include continued work with both corporate and government clients.
The agreements follow the Group's recently announced decision to focus resource on accelerating the growth of Counter®, including investment in its leadership team, which have been instrumental in driving high-quality outcomes and deepening partnerships. They also demonstrate the growing demand for Counter's differentiated consultancy model, which challenges traditional hire-train-deploy and large-scale consulting frameworks.
Chris Hill, CEO of Northcoders, commented: "As we outlined in our results announcement at the end of September, Counter's strategy is to be highly selective in acquiring and expanding the right client relationships-those with clear potential for extension, renewal and long-term value. These new and extended assignments highlight the confidence our clients have in Counter®, the excellence of our delivery, and the momentum that continues to build behind our challenger consultancy model. The successful client case studies and renewals such as these provide an increasingly powerful platform for our next phase of growth.
"We are encouraged by Counter's growing contribution to the Group's revenues and by the foundation this provides for sustainable, profitable growth."
For further enquiries: Northcoders Group plc Via Burson Buchanan Chris Hill, CEO Tel: +44 (0) 20 7466 5000 Charlotte Prior, CFO investors.northcodersgroup.com Zeus (Nominated Adviser & Joint Broker) Tel: +44 (0) 20 3829 5000 Mike Coe / Darshan Patel (Investment Banking) Fraser Marshall (Sales) Peterhouse Capital Limited (Joint Broker) Tel: +44 (0) 20 7496 0930 Martin Lampshire www.peterhousecap.com Lucy Williams Duncan Vasey Burson Buchanan (Financial Communications) Tel: +44 (0) 20 7466 5000 Henry Harrison-Topham northcoders@buchanan.uk.com Steph Whitmore Jesse McNab www.bursonbuchanan.com
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