Made Tech float on AIM
September 2021
Made Tech is a provider of digital, data and technology services to the UK public sector. Founded in 2008 and now with a headcount of over 240 across four UK locations (London, Manchester, Bristol and Swansea), Made Tech provides services that enable central government, healthcare and local government organisations to digitally transform.
The Company works directly with public sector clients to drive the digital transformation of citizen services, creating efficiencies for clients and saving taxpayers money. Made Tech’s employees work directly with the client to understand the challenges faced (including meeting new policy changes, addressing outdated tools and ways of working, meeting changing user needs, requiring support to deliver agile projects, lack of in-house training in digital delivery) and work to create bespoke digital solutions to deliver software to address challenges, whilst generating operational efficiencies and increasing capabilities. The Company has historically benefited from, and expects to continue to benefit from, the considerable growth in spending by the UK Government on digital transformation and changes within the UK public sector IT market to disaggregate contracts to the benefit of smaller and more focused companies like Made Tech.
The Company has a number of clients across UK Government departments, agencies and public bodies, including the Ministry of Justice, Department for Education, Home Office, DVLA, Ofgem, HMRC, Department for International Trade, Ministry for Housing, Communities & Local Government and London Borough of Hackney.
Admission to Trading on AIM
On 30th September 2021, admission and dealings on AIM commenced by way of a Placing of 12,295,081 new Ordinary Shares and 57,707,816 existing Ordinary Shares at 122 pence per share.
The Perivan shareholder communications team were delighted to work with Singer Capital Markets who were appointed as Nominated Adviser, Joint Broker and Joint Bookrunner to Made Tech, on the successful publication of the 115-page admission document.
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