Close Video


Iomart Group PLC (AIM:IOM) enables businesses and organisations to operate their online data and IT environments safely and securely.

Headquartered in Glasgow, Scotland, iomart partners with leading vendors such as VMware, Amazon, EMC, Microsoft, Asigra, Arbor and Dell to offer customers a centrally managed, controlled and completely agnostic set of hybrid, private and public cloud platforms.

By owning a global network and datacentre infrastructure, iomart can support any customer who wishes to move seamlessly between any and all of these platforms with a consultative level of knowledge and expertise, delivering cloud services to meet exact business needs.

Their website is available at


Angus MacSween (CEO): Founded iomart in ’98. Received Glenfiddich Spirit of Scotland Business Award in’04.

Ian Richie (Chairman): Chair of Computer Application Services Ltd, Caspian Learning Ltd, Connect Scotland, and Scapa Technologies Ltd.

Richard Logan (FD): Ex FD Kingston SCL and ePOINT Group.

Bruce Hall (Co Sec), Chris Batterham (NED), Richard Masters (NED)



Gross Revenue
Cost of Sales(32,266)(24,650)
Gross Profit57,30751,630
Profit for the year12,08311,019
Balance Sheet2017
Cash & cash equivalents 8,90610,341
Total assets143,502147,052
Total liabilities(49,987)(64,783)
Net assets93,51582,269


Peer Group

Redcentric (AIM:RCN)
A UK IT managed services provider

Cloud based customer service solutions

Servelec Group Plc (AIM:SERV)
Software services to the healthcare sector

Specialists in software quality


Angus MacSween – 15.9%
Richard Logan – 0.92%


Liontrust Asset Management – 15.95%
Octopus Investments – 10.46%
Schroders – 4.63%
Investec – 3.89%
Noble Grossart Inv’t – 3.25%

Macro Indicators

“The private cloud market is expected to continue to grow at around 8-10% per annum (source: Rackspace) and remains attractive. In addition, hybrid cloud (public + private) is increasingly on the agenda for enterprises and there is a clear market role for companies such as iomart to help enterprises manage this complex infrastructure. We see this as an additive opportunity.” Peel Hunt (Sep 2015)

“Internet of things grows to $19 trillion.” Washington Post (Jan 2014)

Media Coverage

The Times (Dec 2017): “Iomart shares success at the halfway stage with investors”
“iomart is paying its first interim dividend after signing up more customers to its cloud computing services, lifting its half-year profits by 9%.The IT company also outlined plans to push further into ecommerce and to offer customers a wider range of software products. Iomart already has 120,000 customers using its cloud computing power to support their online businesses.”

Investors Chronicle (Dec 2017):
“iomart reported 12% revenue growth to £47m for the six months to 30 Sep, with pre-tax profits up 9 per cent to £7.8m. Acquisitions during the period included Dediserve, purchased in May for €7.9m (£6.7m), Tier 9 (which trades as ‘Simple Servers’), and post-period end Sonassi, which provides cloud solutions for the Magento eCommerce application. The group also announced its maiden interim dividend of 2.25p per share to be paid in January”

Broker Coverage

Peel Hunt (House Broker – Dec 2017)
“iomart has a good track record of anticipating demand, and directing resources to better grasp such opportunities. To this end, the company has made a substantial push into the eCommerce sector via the acquisition of two cloud hosting businesses that bring close to 1,000 online retailers to its fold. It has also made a substantial investment in order to future proof its network

FinnCap (Dec 2017)
“iomart has delivered interims which demonstrate their typical mix of organic and acquired growth…while net debt of £24.5m is still comfortably below 1x annualised EBITDA. The ongoing acquisition of skills and customers is leading to development of further revenue streams, and development of iomart’s reputation as specialist in multiple fields and verticals.”

Submit your details to be kept up to date with announcements regarding iomart Group plc

We have a strict data protection policy and will not share your details with external parties.