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Northcoders Group PLC ( (GB:CODE) ) has provided an update.
Northcoders reported a sharp fall in unaudited FY2025 revenue to £5.0m from £8.8m as structural changes to the UK Department for Education’s skills funding system triggered a sector-wide drop in funded learners, pushing the group into a statutory loss and forcing a £1.1m cost-saving restructuring. Despite the tougher backdrop, the company preserved strong gross margins, grew its Counter® B2B consultancy revenues by 67% to £1.5m with £1.0m of contracted income rolling into 2026, expanded non-government B2C training including new data and AI courses, and ended the year with a robust balance sheet, visible government contracts in London and Lancashire, and an improving pipeline that underpins the Board’s expectation of a better first half in 2026 and a platform for sustainable growth as market conditions stabilise.
The most recent analyst rating on (GB:CODE) stock is a Buy with a £36.00 price target. To see the full list of analyst forecasts on Northcoders Group PLC stock, see the GB:CODE Stock Forecast page.
Spark’s Take on GB:CODE Stock
According to Spark, TipRanks’ AI Analyst, GB:CODE is a Outperform.
Northcoders Group PLC demonstrates strong financial performance and strategic growth through recent contract wins, which are significant positives. However, technical analysis indicates bearish momentum, and cash flow management needs improvement. The stock’s undervaluation presents an opportunity, but the lack of a dividend yield may deter some investors.
To see Spark’s full report on GB:CODE stock, click here.
More about Northcoders Group PLC
Northcoders Group plc is a UK-based, market-leading consultancy and technology training business focused on developing digital and software skills. It delivers government-funded and commercial training bootcamps, as well as B2B consultancy services through its Counter® brand, targeting employers’ growing demand for technology, data and AI capabilities across both public and private sectors.
Average Trading Volume: 9,029
Technical Sentiment Signal: Sell
Current Market Cap: £2.48M
For detailed information about CODE stock, go to TipRanks’ Stock Analysis page.