Close Video


Made Tech Group (AIM: MTEC) provides services that enable central government, healthcare, and local government organisations to digitally transform. The Group was founded in 2008 by CEO Rory MacDonald and listed on AIM in September 2021.

The primary clients of the Group are the departments, agencies and arm’s length bodies of UK Government including the Home Office, DVLA, HMRC, Department for Education, Department for International Trade and the Ministry of Justice.

In the financial year ended March 2021, spending by Central Government on digital transformation totalled £3.15bn, and forecasts predict that the UK GovTech market will reach £20bn by 2025 (and $400bn globally)

The Groups has a track record of delivering organic growth, with revenue increasing at a compound annual growth rate of 89% over the three year period to the financial year ended 31 May 2021, without taking any external investment.

Over the mid and long term, the strategy is to achieve sustained revenue, profit, and cash flow growth by expanding Made Tech’s capabilities, building out regional hubs and growing the Group’s market share within the health, local government, and central government sectors.


  • Joanne Lake (Non-Exec Chair): 30 yrs’  in accountancy & investment banking. Ex Panmure Gordon, Evolution Securities, Williams de Broe & Price Waterhouse. NE Chair Mattioli Woods plc, and NED of Henry Boot PLC, Gateley (Holdings) Plc, Morses Club PLC & Honeycomb Investment Trust PLC.
  • Rory MacDonald (Founder & CEO): Found Made Tech in 2008. 20 years’ experience in technology services across both  public & private sectors.
  • Deborah Lovegrove (CFO): 25yrs in finance. Ex CFO & FD at Wavemake, Carat and ITV.
  • Chris Blackburn (COO): 20 yrs’ in digital & tech roles in public & private sector
  • NED’s: Helen Gilder, Phil Pavitt


P&L31 May 2021
31 May 2020
(Cost of Sales)(8,318)(3,107)
Gross Profit5,0132,359
Profit/ (Loss) before tax(8,06)359
Balance Sheet31 May 2021
31 May 2020
Cash & Cash Equivalents922986
Total Assets4,2213,256
(Loans & Borrowings)(328)(150)
(Total liabilities)(5,008)(2,085)

Major Shareholders

Rory MacDonald 28.16%
Chris Blackburn 14.41%
Luke Morton 4.06%

Premier Miton – 7.02%
Berenberg Bank – 5.74%
Canaccord Genuity Wealth – 3.24%
Chelverton AM – 3.11%

Media Coverage

Investors Chronicle (Sep 2021): Made Tech launches in anti-PE listing
Made Tech (MTEC), a company that provides digital transformation services to the UK public sector, made its stock market debut on Thursday morning. On admission to trading on AIM the company will have a market cap of £181m. The company has achieved a revenue CAGR of 89 per cent from £1.9m in 2018 to £13.3m for the year ended 31 May 2021.

Chief executive Rory MacDonald told Investors’ Chronicle the company was looking for an alternative to the growth-then-buyout aim of many tech companies. “Lots of companies in our space get acquired by private equity but by going public we can support our clients for the long-term,” he said.

Macro Indicators

From Made Tech’s Admission Document (Sep 2021)

“In the financial year ended March 2021, spending by Central Government on digital transformation totalled £3.15 billion (Source: Crown Commercial Service ‘Digital Futures’) and forecasts predict that the UK GovTech market will reach £20 billion by 2025 (and $400 billion (approximately £290 billion) globally) (”

    Submit your details to be kept up to date with announcements regarding Made Tech Group

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