NCC Group
NCC · Main Market · Technology · mcap £225m · 151.6p
NCC Group sells cyber security services such as testing, consulting and managed services to businesses and governments. Until May 2026 it also ran Escode, a software escrow business that holds code in trust for customers.
| Target | Promise | Said | Status |
|---|---|---|---|
| 2024 | |||
| 31 May 2024 | Low single digit Escode revenue growth in second half of FY24 | 25 Jan 2024 | ◐ Partly kept |
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Result
Escode grew 6.2% in H1 and recorded consecutive quarters of growth later, but no explicit H2 FY24 figure is in the cards. “Escode has now delivered thirteen consecutive quarters of revenue growth on a constant currency basis”21 Jan 2026 · Sale of Escode Business |
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| Today · 11 Oct 2026 | |||
| 2026 | |||
| 31 Dec 2026 | Return £185m of Escode proceeds via £170m tender offer and £15m buyback | 19 Jun 2025 | ◐ Partly on track |
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Status so far
The £170m tender offer completed on 2 September 2026. The £15m buyback began in September 2026 and runs to October 2027. 7 Sep 2026 · Share Buyback Programme |
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