429.60p
-2.41%
Close of 9 Nov 2026, in pence
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About Bytes Technology Group
Its shares trade on LSE under the ticker BYIT.L. It has been listed since 11 December 2020. In the fiscal year to 28 February 2026, it reported revenue of £220.6m and net income of £51.3m. At that date it held total assets of £474.1m and shareholders' equity of £81.1m.
Bytes Technology Group Plc engages in the provision of IT software offerings and solutions. The company is headquartered in Leatherhead, Surrey. The company went IPO on 2020-12-11. The firm enables technology sourcing, adoption, and management across software services, including in the areas of security and cloud. The company provides security, cloud management, software licensing, software asset management, data storage, training, consultancy services and information security professional services & assurance testing. The firm comprises two brands: Bytes Software Services (BSS) and Phoenix Software (Phoenix). Bytes Software Services has a customer base that is made up of both private sector customers and public sector customers, whilst Phoenix's focus is exclusively on public sector customers. The firm provides support to a range of industries, including professional services, manufacturing, retail, central and local government, and technology, media and telecommunications.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Information Technology
- Industry
- Software
- Listed since
- 11 Dec 2020
- Employees
- 930
- Website
- bytes.co.uk ↗
Leadership
Pay as last reported
- Mr. Patrick De SmedtIndependent Non-Executive Chairman of the Board£205,000
- Ms. Sam MuddChief Executive Officer, Executive Director, since 2014£978,001
- Mr. Andrew HoldenChief Financial Officer, Executive Director, since 2021£1.0m
- Mr. Jack WatsonManaging Director - Bytes Software Services
- Ms. Clare MetcalfeManaging Director of Phoenix Software
- Mr. W. GroenewaldGroup Company Secretary
- Ms. Shruthi ChindalurIndependent Non-Executive Director£115,221
- Mr. Ross PatersonNon-Executive Independent Director£51,000
- Ms. Anna PerssonNon-Executive Independent Director£51,000
- Dr. Erika SchranerSenior Independent Non-Executive Director£80,583
- Mr. James ZarembaInvestor relations, since 2025
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 69
- Environment
- 56
- Social
- 72
- Governance
- 78
- Direct emissions (scope 1)
- 91.6 t
- Energy emissions (scope 2)
- 180.5 t
- Value chain emissions (scope 3)
- 214,796.8 t
- Women in the workforce
- 40%
- Carbon reduction policy
- Yes
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Bytes Technology Group PLC provides security and cloud management services through its Bytes Software Services (BSS) brand.
- The company employs 930 full-time employees in Leatherhead, Surrey, supporting both private and public sector customers.
- Bytes Software Services (BSS) and Phoenix Software serve distinct customer segments with BSS targeting private and public sectors and Phoenix focusing exclusively on public sector customers.
Weaknesses
- Phoenix Software operates exclusively in the public sector, limiting its market reach compared to Bytes Software Services (BSS).
- The company's IPO occurred on December 11, 2020, which may indicate limited market history for investors.
- Bytes Technology Group PLC has only two brands, Bytes Software Services (BSS) and Phoenix Software, reducing product diversity.
Opportunities
- The firm can expand its software licensing and asset management services to the technology, media, and telecommunications industry.
- Bytes Technology Group PLC can leverage its presence in Leatherhead, Surrey, to strengthen partnerships with local government entities.
- The company's focus on security and cloud management aligns with growing industry demands for these services.
Threats
- The public sector focus of Phoenix Software may expose the company to budget cuts in government spending.
- Bytes Technology Group PLC faces competition in the software asset management market from other providers.
- The company's reliance on two brands could make it vulnerable to market shifts affecting either brand.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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