8th Jul 2026 12:24
(Alliance News) - Next 15 Group PLC on Wednesday issued an optimistic trading update, saying it "continues to see good growth" from its 'Track 1' businesses.
Shares in Next 15 were down 4.8% at 250.00 pence around noon on Wednesday in London. However, they had earlier peaked at 288.00p, up 9.7%, shortly after the market open.
The London-based business growth consultancy said that trading for the four months ended May 31 was in line with expectations, "supported by a particularly strong performance in Digital Transformation."
Next 15 noted that at its Capital Markets Day in January, it introduced a track-based framework to align capital allocation to "its most data, technology and AI-enabled businesses where it sees the strongest potential for sustained growth and long-term value".
The company said that within 'Track 1', which includes the Digital Transformation category, it "continues to see good growth," although it acknowledged that "the market backdrop for its B2B tech focused agencies [remains] subdued."
Next 15 said its Transform brand, a digital, data and artificial intelligence-focused consultancy, has delivered a "strong performance". Its appointment as a lead delivery partner by "public sector transformation specialist" i10, for the UK Department for Environment, Food & Rural Affairs' ADMS+ programme, has been a significant contributor.
"This significant contract is expected to extend over multiple years and reflects the strength of Transform's AI-enabled digital transformation capabilities and the value it delivers on complex, nationally important digital programmes," Next 15 commented.
The company also said it has made further progress in its "simplification strategy" by agreeing on the partial sale of Elvis Communications, a 'Track 2' business, to Wonderhood Studios.
"Following completion, Next 15 will retain a profitable core representing approximately half of Elvis' current revenues, including its profitable customer experience capabilities," the firm said.
For the year ending January 31, Next 15 said it continues to expect like-for-like revenue and profit growth.
Chief Executive Officer Sam Knights commented: "This has been an encouraging start to the year, as we continue to transform Next 15 into a more streamlined, data-driven business fit for an AI future...Transform's role on Defra's ADMS+ programme and the partial asset sale of Elvis demonstrate continued progress against our strategy.
"This momentum, combined with our strong balance sheet, gives us confidence for the year ahead."
By Emma Curzon, Alliance News reporter
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