WH Ireland is proud to have acted as Sole Broker and Nomad to Northcoders Group plc in its £12.5m admission to AIM and fundraise.
Northcoders is a market leading provider of B2B and B2C coding and software development training. Founded in 2015, its business model operates a hybrid structure with flagship sites in Manchester and Leeds supported by a digital offering to businesses and individuals across the UK. Powered by IP rich technology, Northcoders’ coding school offers boot camp courses to consumers from a range of backgrounds, delivered through virtual and physical learning. It operates in a significant and growing market with structural growth trends further accelerated by Covid-19.
Chris Hill, Founder & CEO of Northcoders Group, said: “Our flotation marks an important milestone in Northcoders’ growth since our foundation in 2015. The investment funds raised will fuel our growth for years to come. I’d like to thank our dedicated team & advisors, especially WH Ireland, for their fantastic support and commitment, which has made this success possible.”
Phillip Wale, CEO of WH Ireland, said: “Northcoders is responding to the acute national need for coders and software specialists against a backdrop of significant long-term structural shortages; while at the same time demonstrating an exceptional success rate in enabling people from all walks of life to adopt a new, rewarding and remunerative career. £3.5m of capital raised will support the company in expanding across the UK and bringing its training to the many students who can benefit from it. Shareholders range through VCT to EIS and Institutional Investors, with Management continuing to hold a significant chunk of equity. At WH Ireland we are absolutely delighted to be associated with this lively, dynamic and exciting growth company.”