CatalystWireBeta

Directorate Change

In brief · summary, not quotable

Made Tech Group PLC announced that Chief Financial Officer Neil Elton will step down from his role after mutually agreeing with the Board to pursue other career opportunities. Elton will serve a six-month notice period to assist with the handover to his successor. The Board has begun searching for a new CFO. Trading for FY26 is in line with management expectations. The company has a strong balance sheet, substantial cash reserves, and disciplined cost control. The FY26 revenue is supported by a strong Contracted Backlog.

Full announcement

Select text to share a quote on X · sign in to keep highlights & notes in your MTEC notes

Made Tech Group plc, a leading provider of digital, data, and technology services to the UK public sector announces that Neil Elton has mutually agreed with the Board that he will step down from his role as Chief Financial Officer following his decision to leave the business to pursue other career opportunities.

Neil has a six month notice period and will assist the Board during this period to enable an orderly handover until such time as a successor has been appointed. The Board has commenced the search for a new CFO, and a further announcement will be made in due course.

Joanne Lake, Chair, said: "We are grateful for the contribution Neil has made since joining at the start of 2024, and we wish him well in his future endeavours. As we set out in the final results on 24 September, FY26 trading to date is in line with management expectations, and this remains the case. With a strong balance sheet, substantial cash reserves, disciplined cost control, and FY26 revenue already supported by our strong Contracted Backlog, Made Tech is well positioned to build on this momentum."

Neil Elton, CFO, said: "It has been a great privilege to serve as CFO of Made Tech. I would like to thank all of my colleagues for their partnership and support. I look forward to seeing the business go from strength to strength."

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.

Share this quote

Quote card
Post on X WhatsApp Download image

The link opens this announcement with the quote highlighted. Quotes are checked against the original text.

Add a note