Information Technology

Idox plc

  • Market Cap (£m) 285.9
  • Listing AIM

Analysts

Company Description

Idox is a software business selling to UK public sector and global engineering clients. Idox has a strong position in software for Local Authority and other UK governmental organisations, including a significant presence in the market for voting software and in software for the NHS, through its Public Sector Software (PSS) division. The group is also active in the market for Engineering Information Management software (EIM), on a more global basis. The group is now transitioning to the third stage of its three-stage plan, involving both organic and inorganic revenue growth, focus on margin expansion and ongoing migration towards more Cloud-delivered and Software-as-a-Service (SaaS) offerings. In addition to revenue growth and margin enhancement, Idox sees organisational simplicity and information/communication as key pillars of its strategic framework.

Investment Summary

The group has been through a significant period of refocus and revitalisation over the past few years. The new management team has driven a process of material change, and has refined the focus and strategic outlook for the business; this has resulted in clear plans for the Government and Engineering segments, and the disposal of the previously-owned Compliance businesses. In the Government arena, we see more spending on technology to transform and improve public service delivery; this should provide opportunities for both organic growth and M&A activity to continue consolidating the space. In the Engineering market, we expect organisations to continue to evolve their offerings and digitalise both their information databases and their workflows, all of which should play to the Idox Engineering division's strengths.

Recent Content

    FY23 delivered – preparing for the next phase

    25/01/2024 Idox plc

    Idox’s results for the year to 31 October are in line with the November trading update. Revenue grew […]

    Resilience plus, as expected

    22/11/2023 Idox plc

    Today’s trading update for the year ended 31 October confirms another year of robust performance, with key figures […]

    Emapsite acquisition – accretive, strategic

    26/09/2023 Idox plc

    The purchase of Emapsite, a leading UK geospatial software and data business, announced on 21 August, is an […]

    Long-term value generation becomes clearer

    08/06/2023 Idox plc

    Idox has today reported a strong set of half-year results for the six months ended 30 April 2023. […]

    Trading well, with no signs of turbulence

    23/03/2023 Idox plc

    Today’s AGM trading update, covering the period from 1 November to date, confirms that Idox continues to perform […]

    Flying start to FY23

    16/02/2023 Idox plc

    Idox’s results for the year ended 31 October 2022, released on Thursday 26 January, showed a strong performance […]

    Trading update shows strategy driving results

    16/11/2022 Idox plc

    Idox has today released a trading update for the year ended 31 October 2022. The statement reports a […]

    Sharp eye for acquisitions

    04/10/2022 Idox plc

    The acquisition of LandHawk Software Services for £1.5m, announced yesterday, marks a continuation of Idox’s existing acquisition strategy, […]

    Moving forward

    16/06/2022 Idox plc

    Idox’s half-year results for the six months ended 30 April 2022, released yesterday, contained no major surprises given […]

    H1 update – robust, positive performance

    19/05/2022 Idox plc

    Today’s H1 trading update from Idox confirms that the first half of the year has seen a solid […]

    Flying above the turbulence

    16/03/2022 Idox plc

    Today’s AGM trading update for the period 1 November 2021 to date confirms that Idox is trading in […]

    Progress on all fronts

    27/01/2022 Idox plc

    Idox’s results for the year to 31 October 2021 were released this morning. The company has delivered three […]

More Content

Company Management Team

  • David Meaden

    Chief Executive Officer

    David has a proven track record as a business leader and strong knowledge of the UK public sector. He joined Idox, following a successful 22-year career with Northgate Information Solutions plc, a FTSE 250 company. At Northgate, he served as a member of the plc board and was CEO of Northgate Public Services, where he grew the business fourfold. David has significant experience of managing business transformation, software development and integration of acquisitions. He has a degree in Business Studies from the University of Huddersfield.

  • Anoop Kang

    Chief Financial Officer

    As an experienced CFO, Anoop brings expertise of leading large finance teams, investor relations, M&A, corporate governance, risk management, treasury and financial accounting and analysis to Idox. He began his career at Deloitte LLP, before moving to Balfour Beatty plc in 2010. At Balfour Beatty, Anoop performed a number of senior roles, including Finance Director of the rail division and Head of Investor Relations, before becoming Group Financial Controller of Kier Group plc. Subsequently, Anoop was appointed as Group CFO of Cambian Group plc and then Logistics Development Group plc. He is a fellow of the Institute of Chartered Accountants of England and Wales.

Key Dates

Mar 2021
18th
AGM
Actual
Mar 2021
26th
Q1 TU
Actual
May 2021
20th
Q2 TU
Actual
Jun 2021
15th
Interims
Actual
Nov 2021
16th
Q4 TU
Actual
Jan 2022
27th
Finals
Actual
Mar 2022
16th
AGM
Actual
May 2022
19th
Q2 TU
Actual
Jun 2022
15th
Interims
Actual
Nov 2022
16th
Q4 TU
Actual
Jan 2023
26th
Finals
Actual
Mar 2023
23rd
AGM
Actual
May 2023
18th
Q2 TU
Actual
Jun 2023
8th
Interims
Actual
Nov 2023
22nd
Q4 TU
Actual
Jan 2024
25th
Finals
Actual
Mar 2024
21st
AGM
Estimate
May 2024
18th
Q2 TU
Estimate
Jun 2024
8th
Interims
Estimate
Nov 2024
22nd
Q4 TU
Estimate
Jan 2025
25th
Finals
Estimate