Listed tech training firm Northcoders has reported an increase in revenue over its last financial year from £7.1m to £8.8m.
The Manchester-based business said its training bootcamp division has seen enrolments climb by 15% to 1,339, while registrations grew by 24% to 10,575 and its hiring partner network increased from 465 to 510 companies.
“We are pleased to report another year of significant progress for Northcoders, with our strategic investment into our products and infrastructure leading to a material increase in profitability in the period,” said Chris Hill, CEO and founder.
“Whilst conscious of the hiring challenges felt in the wider UK recruitment market, there continues to be a fundamental gap in digital skills which acts as a barrier to economic growth and, as such, we remain confident in the underlying demand for our services.”
The news of Northcoders’ 2024 success comes a few days after the company announced the launch of its Part-Time Academy for Businesses.
This has been created to help businesses wanting to onboard new developers directly into their teams or upskill existing employees in just 20 weeks.
Northcoders says there are a number of local frameworks with open regional bids which offer funding opportunities. The group has begun these bidding processes.
The government’s commitment to enhancing digital skills, particularly through AI utilisation for economic growth, presents significant opportunities, the company says.