IDOX (IDOX)

Sector:

IT Services

Index:

FTSE AIM 50

 58.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 67.40
  • 52 Week Low: 54.20
  • Currency: UK Pounds
  • Shares Issued: 461.68m
  • Volume: 220,991
  • Market Cap: £267.78m
  • RiskGrade: 278
  • Beta: 0.01

Idox secures £2.4m contract with North Yorkshire Council

By Josh White

Date: Tuesday 17 Dec 2024

LONDON (ShareCast) - (Sharecast News) - Idox announced a £2.4m strategic contract with North Yorkshire Council on Tuesday, to consolidate its eight planning and building control systems into a single cloud-based platform.
The AIM-traded firm described the partnership as a milestone in the modernisation of local government services in England.

It said the deal came amid ongoing UK government initiatives to streamline local governance by merging district and county councils into larger, more efficient unitary authorities.

North Yorkshire - the largest unitary council in England - was reportedly seeking to enhance service delivery, reduce costs, and improve resource allocation through the consolidation.

Idox said its platform could serve as a model for other councils navigating similar restructuring efforts driven by the government's focus on financial sustainability and the creation of more efficient governance frameworks.

The company said the deal would add to its experience in delivering similar projects in Cornwall, Shropshire, and Durham.

Its board said that with a strong pipeline of opportunities, Idox was well-positioned to benefit as local authorities across the UK looked to modernise operations.

"This latest contract award demonstrates our leading planning software capabilities and track record of successfully delivering complex projects," said chief executive officer David Meaden.

"We're not just implementing a solution; we're helping North Yorkshire reimagine how planning services can be delivered more intelligently and cost-effectively.

"With the government intensifying its focus on creating more resilient, digitally enabled local governance structures, Idox is strategically positioned to be a key enabler of this national transformation."

At 1206 GMT, shares in Idox were up 1.34% at 60.6p.

Reporting by Josh White for Sharecast.com.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

IDOX Market Data

Currency UK Pounds
Share Price 58.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 67.40
52 Week Low 54.20
Volume 220,991
Shares Issued 461.68m
Market Cap £267.78m
Beta 0.01
RiskGrade 278

IDOX Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
92.78% below the market average92.78% below the market average92.78% below the market average92.78% below the market average92.78% below the market average
70.37% below the sector average70.37% below the sector average70.37% below the sector average70.37% below the sector average70.37% below the sector average
Price Trend
3.29% below the market average3.29% below the market average3.29% below the market average3.29% below the market average3.29% below the market average
5.88% above the sector average5.88% above the sector average5.88% above the sector average5.88% above the sector average5.88% above the sector average
Income
87.52% below the market average87.52% below the market average87.52% below the market average87.52% below the market average87.52% below the market average
69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average
Growth
0.55% below the market average0.55% below the market average0.55% below the market average0.55% below the market average0.55% below the market average
36.71% below the sector average36.71% below the sector average36.71% below the sector average36.71% below the sector average36.71% below the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 4
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

IDOX Dividends

  Latest Previous
  Final Final
Ex-Div 03-Apr-25 28-Mar-24
Paid 17-Apr-25 12-Apr-24
Amount 0.70p 0.60p

Trades for 01-Apr-2025

Time Volume / Share Price
16:35 289 @ 58.00p
16:35 111 @ 58.00p
16:35 103 @ 58.00p
16:35 34 @ 58.00p
16:35 27 @ 58.00p

IDOX Key Personnel

CEO David Meaden

Top of Page