IDOX (IDOX)

Sector:

IT Services

Index:

FTSE AIM 50

59.80p
   
  • Change Today:
      0.60p
  • 52 Week High: 66.40
  • 52 Week Low: 52.00
  • Currency: UK Pounds
  • Shares Issued: 461.68m
  • Volume: 275,225
  • Market Cap: £276.09m
  • RiskGrade: 278

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.

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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 59.80p
Change Today 0.60p
% Change 1.01 %
52 Week High 66.40
52 Week Low 52.00
Volume 275,225
Shares Issued 461.68m
Market Cap £276.09m
RiskGrade 278

IDOX Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
93.36% below the market average93.36% below the market average93.36% below the market average93.36% below the market average93.36% below the market average
32.47% below the sector average32.47% below the sector average32.47% below the sector average32.47% below the sector average32.47% below the sector average
Price Trend
12.11% below the market average12.11% below the market average12.11% below the market average12.11% below the market average12.11% below the market average
30.86% above the sector average30.86% above the sector average30.86% above the sector average30.86% above the sector average30.86% above the sector average
Income
90.78% below the market average90.78% below the market average90.78% below the market average90.78% below the market average90.78% 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
16.64% above the market average16.64% above the market average16.64% above the market average16.64% above the market average16.64% above the market average
20% below the sector average20% below the sector average20% below the sector average20% below the sector average20% below the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 4
strong_buy
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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 28-Aug-2025

Time Volume / Share Price
14:19 39,347 @ 59.90p
14:13 20 @ 58.87p
14:12 202 @ 59.46p
14:11 7 @ 58.60p
13:58 1 @ 60.20p

IDOX Key Personnel

CEO David Meaden

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