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FDM is a global consultancy, powering the people behind tech and innovation for over 30 years. We have 3,500+ employees globally, with over 90 nationalities working together as a team. From our origins in Brighton, UK, we now have 19 centres located across Europe, North America, and Asia-Pacific.

Investor case

We help our clients stay ahead of the latest tech trends and thrive in a rapidly changing world.

We aim to deliver client-led, sustainable, profitable growth on a consistent basis, through our well-established consultant model.

The Group’s balance sheet remains robust with year-end 2023 cash balances of £47 million (2022: £46 million), and cash conversion strong at 112% (2022: 108%). The Group has no debt.


Financial highlights

Summary of results

Revenue

£257.7m
31/12/2024
£334.0m
31/12/2023
-23%
% Change

Adjusted operating profit

£33.4m
31/12/2024
£49.6m
31/12/2023
-33%
% Change

Profit before tax

£28.1m
31/12/2024
£55.6m
31/12/2023
-49%
% Change

Adjusted profit before tax

£34.0m
31/12/2024
£50.2m
31/12/2023
-32%
% Change

Basic earnings per share

18.8p
31/12/2024
37.3p
31/12/2023
-50%
% Change

Adjusted basic earnings per share

23.0p
31/12/2024
32.9p
31/12/2023
-30%
% Change

Cash flow generated from operations

£33.1m
31/12/2024
£61.5m
31/12/2023
-46%
% Change

Cash position at year end

£40.6m
31/12/2024
£47.2m
31/12/2023
-14%
% Change

Cash conversion

120.7%
31/12/2024
111.8%
31/12/2023
+8%
% Change

Adjusted cash conversion

116.2%
31/12/2024
124.1%
31/12/2023
-6%
% Change

Share-based payment expense (credit)

£1.1m
31/12/2024
(£5.4m)
31/12/2023
+%
% Change

Exceptional administrative expenses

£4.9m
31/12/2024
31/12/2023
+%
% Change

Effective income tax rate

26.9%
31/12/2024
26.7%
31/12/2023
+1%
% Change

Dividend per share

22.5p
31/12/2024
36.0p
31/12/2023
-38%
% Change

Financial calendar

Here’s an overview of our financial calendar highlights

March 2025

19/03/2025 | Preliminary Announcement of Financial Results for the year ended 31 December 2024

May 2025

20/05/2025 | Annual General Meeting – 2.00pm at the Company’s offices at 3rd Floor, Cottons Centre, Cottons Lane, London SE1 2QG

July 2025

30/07/2025 | Interim Results for the six months ended 30 June 2025

Financial reports

Access our most recent and historical reports below

Corporate governance

Click here for details of how we approach corporate governance

Regulatory news

View all of our current and historical news here

Board of Directors


David Lister

Non-Executive Chairman

David Lister

Non-Executive Chairman

Date of appointment to the Board: March 2016

  • Chair of the Board
  • Chair of the Nomination Committee

Experience

David has over 40 years of experience in operations and technology roles across multiple industries for international businesses such as Diageo, GlaxoSmithKline, Boots, Reuters, Royal Bank of Scotland and National Grid. He also has experience in the professional services sector where he was a management consultant at PricewaterhouseCoopers LLP (“PwC”). Other former non-executive appointments include Interxion Holdings B.V., HSBC Bank plc, CIS General Insurance Limited and the Department for Work and Pensions.

External appointments

  • HSBC Private Bank (UK) Limited (Non-Executive Chair, appointed December 2019)
  • Marks and Spencer Financial Services Plc (Non-Executive Chair, appointed September 2020)
  • HSBC UK Bank Plc (Non-Executive Director, appointed May 2019)
  • Nuffield Health (Member of the Board of Governors, appointed February 2014)

Rod Flavell

Chief Executive Officer

Rod Flavell

Chief Executive Officer

Date of Appointment

  • Founded FDM – 1990

Experience

Rod is the founder and Chief Executive Officer of FDM Group and has more than 40 years’ experience in the technology sector. He has been instrumental in the development of the Group into an international, award-winning employer with a prestigious client base operating in multiple markets.

Rod is a strong advocate of improving diversity in the technology industry, as demonstrated by the Group’s Women in Tech, Returners Programme, Ex-Forces and veteran career transition initiatives. In 2019, he was featured in the Management Today Agents of Change Power List for the second consecutive year. He was also featured in the Yahoo HERoes Top Advocate Executives of 2019 for his work promoting gender equality in the workplace.

External Appointments

Rod has no external appointments.

 

Sheila Flavell CBE

Chief Operating Officer

Sheila Flavell CBE

Chief Operating Officer

Date of Appointment

  • Chief Operating Officer – January 2008
  • Joined FDM – 1998

Experience 

Sheila has over 30 years of experience in both the public and private IT sectors. She spearheads FDM’s global Women in Tech initiative and Returners Programme. 

Sheila was awarded a CBE in the 2020 New Year Honours List for services to gender equality in IT, and graduate and returners’ employment.

In 2022 Sheila was elected President of techUK, the trade association which brings together business, government and stakeholders to realise the potential of what digital technology can achieve. She has been invited to advise government committees on improving the digital skills shortage and gender pay gap in the UK. Her work has been acknowledged by numerous awards, including inclusion in Computer Weekly’s ‘Most Influential Women in UK Tech, Hall of Fame’. At the 2020 European Tech Women Awards, the Department of Trade and Industry recognised her outstanding achievements by conferring Sheila with a ‘Career Recognition’ award.

External Appointments

techUK Limited (President, originally appointed June 2016).

Andy Brown

Chief Commercial Officer

Andy Brown

Chief Commercial Officer

Date of Appointment

  • Chief Commercial Officer – January 2008
  • Joined FDM – 1994

Experience

Andy progressed through the Group’s sales team to become Global Sales Director in 2007 and, subsequently, Chief Commercial Officer.

Andy oversees the expansion of the Group with a focus on the sales and recruitment functions. Andy’s strategic focus is around developing new service streams in line with client demands, as well as increasing the number of applicants to the Group’s Graduate programme, which are both key areas to the success and growth of the Group. Andy also played a key role in the launch and success of the UK Ex-Forces Programme.

External Appointments

Andy has no external appointments.

Mike McLaren

Chief Financial Officer

Mike McLaren

Chief Financial Officer

Date of Appointment

  • Chief Financial Officer – April 2011
  • Joined FDM – 2011

Experience

Mike is a Fellow of the Institute of Chartered Accountants in England and Wales.

Prior to joining FDM, Mike fulfilled the roles of Group Finance Director and Chief Operating Officer in a premium listed business in the software and services sector. In addition, Mike has been an Independent Non-Executive Chair and Non-Executive Director on the boards of a number of other companies. Overall, Mike has more than 30 years’ experience of working within the technology sector in a range of senior financial, commercial and operational roles.

External Appointments

ActiveOps plc (Non-Executive Director, Chair of Audit Committee, appointed March 2021).

Alan Kinnear

Independent Non-Executive Director

Alan Kinnear

Independent Non-Executive Director

Date of appointment to the Board: January 2020

  • Chair of the Audit Committee
  • Member of the Remuneration Committee

Experience

Alan is a member of the Institute of Chartered Accountants of Scotland.

Alan was with PwC for 35 years until his retirement in 2015, including 23 years as an audit partner working with listed, private equity-backed and fast-growth entrepreneurial companies. He was a member of PwC’s South East regional board and a national leader for audit services in the private equity sector. He has significant skills and experience in financial reporting, regulation, corporate governance and risk management.

During the year following his retirement from PwC in 2015, Alan was a non-executive director with CEGA Holdings Limited.

External appointments

Alan has no external appointments.

Jacqueline De Rojas CBE

Senior Independent Director

Jacqueline De Rojas CBE

Senior Independent Director

Date of appointment to the Board: October 2019

  • Member of the Nomination Committee

Experience 

Jacqueline is a highly regarded leader in the UK technology field, with a strong reputation as a champion of women and minority voices. She sits on the board of technology trade association techUK where she has used her platform as president to shape policy over the last seven years to enable the technology industry to thrive. Her commitment to diversity and building tech skills in the sector is her driver for co-chairing the Governance Board of the Institute of Coding.

Prior to this, Jacqueline held senior executive roles at major tech companies including Sage Group, Citrix Systems, CA Technologies, Novell and McAfee International. She was previously a non-executive director at AO World plc and Home Retail Group plc. In 2019, Jacqueline was awarded a CBE for Services to International Trade in Technology.

Jacqueline is the Board’s designated Non-Executive Director for engagement with the Group’s workforce, enabling employees to share ideas and concerns with senior management and the Board.

External appointments

  • Rightmove plc (Senior Independent Director, appointed December 2016).
  • techUK Limited (Director, appointed July 2014).
  • Industrial and Financial Systems, IFS AB (Sweden) (Non-Executive Director, appointed May 2021.

Rowena Murray

Independent Non-Executive Director

Rowena Murray

Independent Non-Executive Director

Date of appointment to the Board: August 2023

  • Chair of the Remuneration Committee
  • Member of the Audit Committee and the Nomination Committee

Experience

Rowena is highly regarded for her experience in investment banking and corporate broking, and her insight into the public markets. She has a strong reputation for helping businesses to implement their strategies effectively to generate growth and create value.

Rowena began her career in Sydney as a corporate lawyer at a leading Australian law firm. She moved to the UK in 2004 and joined Investec Bank plc (“Investec”). As a director in Investec’s Investment Banking division, Rowena provided strategic advice to public and private companies and led corporate transactions across a variety of sectors, including business services and technology. In 2017 she moved to Tenzing Private Equity, an investor in high-growth UK and European SMEs, where she has been the appointed non-executive director for various companies within the Tenzing portfolio.

External appointments

  • Altum Group
  • Eikon Group

Bruce Lee

Independent Non-Executive Director

Bruce Lee

Independent Non-Executive Director

Date of appointment to the Board: March 2025

  • Member of the Audit Committee and the Remuneration Committee

Experience

Bruce brings strong organisational and technical leadership expertise from his career as a CIO and COO for large national and international financial services and healthcare insurance companies. He has previously held c-level leadership positions at Fannie Mae, the New York Stock Exchange, Centene Healthcare, HSBC and BNP Paribas. He is also an advisor to ZScaler, a NASDAQ listed supplier of zero trust cloud security services.

Bruce has a track record in delivering comprehensive IT transformations, including strategic technology development, development and delivery of software, infrastructure (including private and public cloud) and security. He also has experience in managing vendor relations and a particular interest in staff engagement.

External appointments

  • ActiveOps Plc (Non-Executive Director, appointed September 2024)
Powering the people behind tech and innovation.
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Past events


26/06/2024 | FDM London Centre

FDM alumni come together for professional development event

11/09/2024 | FDM London Centre

FDM hosts RRC roundtable event for alumni

Case Study

Find out how we helped a major coffee chain cut contractor costs by 35%

News

For the next generation of everyday pioneers

We're continuing to break down the barriers that hinder women in tech. Discover the steps we're taking, the women we're empowering, and the future we're enabling in our blog.

Meet the pioneers