Northcoders

Northcoders is a UK provider of technology training programmes and software development services, operating as Northcoders Group PLC. Its offering spans consumer-facing coding bootcamps, government-funded apprenticeships, bespoke corporate training and software development solutions delivered for corporate clients. Bootcamps run 12 to 14 weeks across four teaching blocks — fundamentals, back end (Node.js, APIs, databases, Express, SQL), front end (DOM, semantic HTML, responsive CSS, UX, React) and a team project phase — and graduates receive one-to-one sessions with dedicated career advisers. Course lines include software engineering, data engineering, cloud engineering, a Data Engineering, AI and Machine Learning bootcamp, an enterprise engineering bootcamp described as 13 weeks, and upskilling courses for existing tech professionals.

The group operates a hybrid delivery model, combining in-person teaching at regional hubs in Manchester and Leeds with online delivery through its own platform. Alongside the Northcoders training brand it operates Tech Returners, aimed at people returning to technology roles, and Counter®, a B2B consultancy division that won £1.5 million of revenue in FY25 (up 77% from £0.8 million in FY24) and holds places on government frameworks such as G-Cloud plus ISO 9001, 14001 and 27001 accreditations. Northcoders became a fully accredited apprenticeship provider in December 2020 through its acquisition of TechEd; apprenticeship courses run for 13 months and are fully or partially government funded.

FY25 group revenue was £4.9 million, down from £8.8 million in FY24, following a strategic reset in response to structural changes in UK government skills funding that reduced the number of funded B2C learners. The group reported adjusted EBITDA of £(0.6) million for FY25 (FY24: £1.0 million), a cash balance of £1.6 million at 31 December 2025, approximately £2.1 million of annualised cost savings and a new £1.5 million debt facility with NatWest.

Business model

Northcoders serves both consumer (B2C) and business/public sector (B2B) customers. Individuals pay for bootcamps up front or via student finance options such as EdAid, or attend on government-funded scholarship places; interest-free payment plans and government funded places are offered. Corporates buy apprenticeship programmes (funded through the apprenticeship levy or government contributions), bespoke upskilling and reskilling training, software development solutions and consultancy delivered through the Counter® brand.

Revenue comes from bootcamp course fees paid by individuals or funded by government contracts, government-backed apprenticeship funding, bespoke corporate training contracts, and B2B consultancy and software development engagements. Government skills contracts and multi-month apprenticeship courses are cited by the company as providing forward revenue visibility. Group revenue was £4.9 million in FY25 and £8.8 million in FY24.

Traction

The company's site reports more than 4,300 students graduated, over 600 hiring partners and more than 10 years training software developers. Earlier admission material cited over 800 students enrolled on bootcamps with around 95% of graduates employed within 44 days of course completion. Government funding wins include £4 million of scholarships from the DfE Skills Bootcamps Wave 3 bid in 2022 and £10 million from the DfE Skills Bootcamp Dynamic Purchasing System 2 bid in January 2024. In FY25 the Counter® consultancy division grew revenue 77% to £1.5 million, with about £1.5 million of Counter® revenue contracted for 2026 and a group pipeline of over £4.0 million.

Latest developments

For the year ended 31 December 2025 Northcoders reported revenue of £4.9 million (FY24: £8.8 million), adjusted EBITDA of £(0.6) million, cash of £1.6 million, roughly £2.1 million of annualised cost savings and a new £1.5 million NatWest debt facility. Counter® revenue rose 77% to £1.5 million and gained ISO 9001, 14001 and 27001 accreditations in Q1, alongside places on government frameworks. The group achieved an 'Outstanding' Ofsted rating, launched a Data Engineering, AI and Machine Learning bootcamp, and secured and later extended a government-funded training contract with the Greater London Authority.