Contract wins with HM Land Registry
Digital transformation services provider The Panoply has announced contract wins with HM Land Registry with an aggregate £4.8m value. The group’s FutureGov subsidiary has been selected to be the client’s user-centred design research and capability partner within its digital and data transformation programme. NotBinary will become the client’s partner specialising in Product Management. Following on from confirmation in the recent trading update that £13m of new business was secured in Q1 21E, the group seems firmly on track to reach our (upgraded) FY 21E estimates. We leave forecasts unchanged following this positive news and continue to believe that the group is strongly placed to capture growth opportunities in digital transformation – particularly in the public sector.