If you’re looking at this post, there’s a good chance you’ve already heard our news: we’re listing our shares on the London Stock Exchange, becoming a public company as of this morning. Needless to say, we’re very pleased and excited about it. But I did want to share our reasons in the open about why we’ve done this so hopefully everyone can see that this is not only good news for Made Tech as a business, but more importantly for our customers and our staff.
Better for our customers
One thing we’ve always been clear about as a company is our determination to remain independent – always. Our IPO means we’re laying long-term foundations to be able to help transform public sector technology, not just in the next few years, but in the coming decades. We want to reassure everyone we’ve worked with that we’re here for the long haul. We’re not going to get bought out by an organisation that doesn’t understand public service delivery like we do. This IPO cements that future.
And to be transparent, yes, we’re now better placed to win and deliver bigger contracts. We believe that this benefits everyone. By raising the ceiling on our capabilities, we broaden the skills, partnerships, expertise and ways of working that will only improve the services we provide to customers on contracts of all sizes. The IPO means we’re able to level-up as a business, and do even better for everyone we work with. We also hope that, through the governance and scrutiny that comes with being a public company, we’re providing our customers with extra reassurance about both our stability and credibility.
What doesn’t change is our absolute focus on improving public sector technology. Our IPO today is a doubling-down on our commitment to doing so. That means more than levelling up our existing capabilities – it also means introducing disruptive new product offerings and ways of working that make a real difference to people everywhere.
Better for our team
I’ve always said that Made Tech is the people that work here. I’m very fortunate to work with such a talented team that cares as much as I do about making people’s lives better. So it’s important to me and the rest of the leadership team that everyone at Made Tech feels invested in the future success of our business – and shares in that success.
That’s why we’ve rolled out an employee share scheme, to make all of our employees shareholders as their awards vest over the years ahead. Our people have never needed extra financial incentive to do exceptional work – but it’s great to be able to offer it all the same.
I want to emphasise that financial incentives aren’t our main motivation as an employer. Our IPO gives us a robust platform for longevity and growth that, in becoming a better business, means becoming a better employer too. We want to enable bright and talented people to do the most important work of their careers for as long as they choose to be here, and that means us making the best possible decisions for the long term.
Building a better future
It’s always been important to us that we reinvest in the future of Made Tech. And though we’ve seen great success as a company, an IPO significantly opens up options on how we’re able to invest, and therefore what we’re able to achieve.
We have growth in our plans, but not growth for growth’s sake. It’s growth born from our passion to improve public sector technology everywhere. That means expanding our presence throughout the UK, and also overseas. So much great work has already been done in transforming public services around the world – but it’s a drop in the ocean compared to what remains to be done. Our IPO means that geography doesn’t need to be a limiting factor in doing what we do.
I hope everyone at Made Tech enjoys today. I want to say a massive thank you to the whole team, past and present, for getting us here. I’m so excited to see where we can go in the future.