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{{short description|International professional services company}}
{{Userspace draft|source=ArticleWizard|date=July 2010}}
{{Use dmy dates|date=September 2019}}

{{Use British English|date=April 2014}}
{{Infobox company {{Infobox company
|company_name = FDM Group | name = FDM Group Limited
| logo = FDM Group Logo.svg
|company_type = ]
| traded_as = {{lse|FDM}}
⚫ |industry = ]
| former_name = {{Ubl
|founded = 1991
| FDM Group Plc (2005–2010)
⚫ |location_city = ],],]
| F.D.M. Group Plc (1998–2005)
⚫ |location_country = {{nowrap|]}}
| The Longueville Group Plc (1995–1998)
⚫ |key_people = Rod Flavell <small>(])</small>
| Flavell Divett International Plc (1991–1995)
*Ivan Martin, Non-Executive Chairman
| Teamsquare Plc (1990–1991)<ref name="CompaniesHouse" />
*David Templeman, Chief Finance Officer
}}
⚫ *Sheila Flavell, Chief Operating Officer
| type = ]
*Andy Brown, Global Sales Director
| key_people = {{Ubl

|num_employees= circa 600 <small>(2010)</small><ref name="inflex"/> | David Lister <small>(])</small>
⚫ | Rod Flavell <small>(])</small>
|revenue = {{profit}}UK£ 52.9 million <small>(2009)</small><ref name="inflex"></ref>
⚫ | Sheila Flavell CBE <small>(])</small>
|Website: fdmgroup.com
}}
⚫ | industry = ]
| revenue = {{increase}} ]334.0 million (2023)<ref name=results>{{cite web|url=https://otp.investis.com/clients/uk/fdmgroup1/rns/regulatory-story.aspx?cid=868&newsid=1801049|title= Annual Results 2023|publisher=FDM Group |access-date=20 March 2024}}</ref>
| operating_income = {{increase}} ]55.0 million (2023)<ref name=results/>
| net_income = {{increase}} ]40.8 million (2023)<ref name=results/>
| num_employees = 5,500 (2024)<ref>{{cite web|url=https://www.fdmgroup.com/blog/fdm-employee-assistance-programme/|title=Employee Assistance Programme|date=29 July 2022 |publisher=FDM Group|access-date=12 February 2024}}</ref>
| foundation = {{Start date and age|1990|09|25}}<ref name="CompaniesHouse" />
⚫ | location_city = ]
⚫ | location_country = {{nowrap|United Kingdom}}
| num_locations = 18
| services = {{flatlist|
* ]
* ]
* ]
* ]
}}
| website = {{URL|https://fdmgroup.com/}}
}} }}


'''FDM Group Limited'''<ref name="CompaniesHouse">{{Cite web |date=1990-09-25 |title=FDM Group Limited overview - Find and update company information - GOV.UK |url=https://find-and-update.company-information.service.gov.uk/company/02542980 |access-date=2023-08-03 |website=] |language=en}}</ref> is a British ] ] (IT) consulting company headquartered in ], United Kingdom. It is composed mostly of university graduates, returners to work and ex-military personnel, who are trained in the FDM Group Skills Labs before working as consultants for one of FDM Group's clients, primarily financial institutions and banks around the world. It is listed on the ].
'''FDM Group''' is an international ] company, headquartered in ], ] with offices in ],], ], ], ],and ] .


⚫ == History ==
The company provides solutions in ], ], ], ],] and training. With the bulk of its clients in the ] sector. Services are provided by a team of consultants, most of whom are trained in-house.<ref name="Argus2009"></ref>
The company was founded in ] by Rod Flavell, who became chief executive, and his wife, Jacqueline Flavell, in 1990.<ref name=fast>{{cite web|url=https://www.fasttrack.co.uk/company_profile/fdm-group-5/|title=Fast Track 100|publisher=Fast Track|access-date=5 March 2021|archive-date=8 August 2016|archive-url=https://web.archive.org/web/20160808062233/http://www.fasttrack.co.uk/company_profile/fdm-group-5/|url-status=dead}}</ref> They were joined by Brian Divett, who became chairman, and Julian Divett, who became chief operating officer, and the firm was named Flavell Divett.<ref>{{cite news|url=https://www.ft.com/content/309c3f74-aea0-11de-96d7-00144feabdc0|title=Soap opera-style saga may still have long way to run|date=1 October 2009|publisher=The Financial Times|access-date=5 March 2021}}</ref> The company focused on IT recruitment until acquiring Mountfield Software in 1995.<ref name=fast/> In 1998 the name changed to FDM Group to reflect this acquisition and the company began hiring, training and placing their own consultants (called Mounties) on-site with their clients.<ref>{{cite web|url=http://www.thecompleteuniversityguide.co.uk/fdm |title=FDM |publisher=Complete University Guide |access-date=2 June 2017}}</ref>


In April 2005, FDM Group floated on the ], raising £3 million net for the company.<ref>{{cite web|url=https://www.pressreader.com/uk/the-sunday-telegraph-money-business/20051002/281852933960431|title=FDM Group|date=2 October 2005|publisher=Money and Business|access-date=2 June 2015}}</ref> By 2009, the company completed a management buyout led by Rod and Sheila Flavell and Andy Brown, with the support of Inflexion, to once again bring the company private.<ref>{{cite web|url=http://realbusiness.co.uk/hr-and-management/2011/10/09/how-to-buy-back-your-business/|title=How to buy back your business|date=9 October 2011|publisher=Real Business|access-date=2 June 2015}}</ref> In June 2014, FDM listed on the UK Stock Market, this time valued at £308 million on the ].<ref>{{cite web|url=https://www.globalcapital.com/article/lv9nr7b5c3z8/fdm-group-completes-ipo-with-1633085m-market-cap|title=FDM Group completes IPO with £308.5m market cap|date=17 June 2014|publisher=Global Capital|access-date=6 March 2020}}{{Dead link|date=August 2023 |bot=InternetArchiveBot |fix-attempted=yes }}</ref>
⚫ ==History==
FDM Group started life as Brighton-based IT Services provider FDI, acquiring its current name in 1998 upon a merger with Mountfield Software. Between 1998 and 2008, it expanded its operations into ], ], ], ], ] and ]<ref name="Argus2009"/>. In 2005, the company was floated on ]
*1991- FDM was formed <ref>http://www.fdmgroup.com/it-company/</ref>
*1995- Acquired Mountfield Software <ref>http://www.fdmgroup.com/it-company/</ref>
*2005- FDM is listed on the ]( AIM) of the LSE. <ref>http://www.aimlisting.co.uk/index.php/aim/company/FDMG</ref>
*2010- FDM becomes a private limited ]again, following a management buyout. <ref>http://www.mynewsdesk.com/uk/view/pressrelease/fdm-group-fdm-group-management-team-take-charge-377387 </ref>


==Business Model== == Services ==
In March 2024 FDM Group underwent a brand refresh. As part of their new identity and offerings, FDM unveiled five specialist practices to deliver business and tech consultancy services. The five practice areas are: Software Engineering, Data & Analytics, IT Operations, Change & Transformation and Risk, Regulation & Compliance.<ref>{{cite web|url=https://www.dpaonthenet.net/article/204612/New-initiative-designed-to--revolutionise--global-digital-skills-training.aspx |title=New initiative designed to 'revolutionise' global digital skills training|publisher=DPA on the net|access-date=26 March 2024}}</ref>
FDM's business model is focused on its team of consultants, each of whom specialises in one of the following areas: ], ], ], ],] and training.<ref name="Argus2009"/> Consultants receive free training on condition that they work for FDM's clients for a minimum of two years.


== Training and initiatives ==
==Corporate Social Responsibility==
FDM Group's model involves recruiting recent university graduates, returners to work and ex-forces to turn into consultants for their clients. Individuals go through several weeks of training in one of FDM Group's Skills Lab facilities before signing a two-year contract with the company to work as a consultant. As consultants, the employees work on the site of their clients which are mostly in the banking and finance industry.<ref>{{cite web|url=http://www.fdmgroup.com/uk/careers/ |title=Computing & IT Careers |publisher=FDM Group |access-date=2 June 2017}}</ref>
FDM is committed towards Corporate Social Responsibility initiatives by supporting various charities, providing equal opportunities and contributing towards a sustainable environment. The group continues this commitment and will be taking part in The Prince’s Trust Himalayan Action Challenge to help change the lives of the most disadvantaged youth in the UK.
<ref>http://uk.prweb.com/releases/2010/FDM-Academy/prweb4416024.htm</ref>


FDM Group has a Women in IT initiative focused on hiring and inspiring women to pursue jobs in STEM fields. As part of their efforts, they have sponsored the 2013, 2014, 2015 and 2016 ] in Technology Awards in London.<ref>{{cite web|author=Kayleigh Bateman |url=http://www.computerweekly.com/news/2240242646/Winners-of-the-2015-FDM-everywoman-in-Technology-Awards-announced |title=Winners of the 2015 FDM everywoman in Technology Awards announced |publisher=Computerweekly.com |date=20 March 2015 |access-date=2 June 2017}}</ref> FDM Group sponsored the Wall Street Rocks charity concert.<ref>{{cite web|url=https://dealbook.nytimes.com/2012/07/11/wall-street-musicians-trade-pinstripes-for-guitars/?_r=0|title=Wall Streeters Trade Pinstripes for Chords|date=12 July 2012|work=New York Times|access-date=2 June 2017}}</ref>
==FDM Academy==
FDM is one of the UK’s largest IT graduate employers, responsible for launching the careers of IT enthusiasts worldwide. Their award-winning Master Class Programme is designed to equip graduates with the right combination of skills and commercial experience; preparing them well for a successful career in IT. <ref> http://www.fdmacademy.com/it-company/</ref>


Concerns have been raised over the contracts signed by the company's trainees. In 2018, ], a ] in the UK, wrote a letter to government's ], asking for an official inquiry into their business practices. The letter also raised "significant doubts" about whether the £20,000 fees imposed if candidates leave the programme before their two-year period reflected the true costs of training. The scheme was likened to ].<ref>{{Cite web|last=Butler|first=Sarah|date=June 16, 2016|title=Government urged to investigate Capita and FDM Group's training schemes|url=http://www.theguardian.com/business/2018/jun/16/government-urged-to-investigate-capita-and-fdm-groups-training-schemes|access-date=2021-06-04|website=The Guardian}}</ref> Legal challenges were raised against both FDM and ], another outsourcing organisation, over the fees. One former trainee of FDM told '']'' that they did not enjoy the job in which they were placed, that the training included general advice, such as how to write emails, and that there was "so much room for manipulation and coercion in the contract".<ref>{{Cite web|date=2018-06-01|title=Capita and FDM Group face legal action from former employees over exit fees|url=http://www.theguardian.com/business/2018/jun/01/capita-and-fdm-group-face-legal-action-from-former-employees-over-exit-fees|access-date=2021-06-04|website=The Guardian|language=en}}</ref>
⚫ == References ==
⚫ {{Reflist}}


In 2018, the Ministry of Labour in ], Canada ruled that the fee charged by FDM to a worker who left a job at the ] before their contracted period was illegal under the Employment Standards Act. Following the ruling, FDM Group reworded their contract but retained the fee.<ref>{{Cite news|date=2020-08-25|title=Editorial {{!}} Ontario must end abuses by temp agencies|language=en-CA|work=The Toronto Star|url=https://www.thestar.com/opinion/editorials/2020/08/25/ontario-must-end-abuses-by-temp-agencies.html|access-date=2021-11-15|issn=0319-0781}}</ref>
⚫ == External links ==
⚫ *
*

<!--- Categories --->


⚫ == References ==
⚫ {{Reflist|30em}}


⚫ == External links ==
⚫ *


{{Authority control}}
{{Uncategorized|date=August 2010}}


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Latest revision as of 12:28, 4 December 2024

International professional services company

FDM Group Limited
Formerly
  • FDM Group Plc (2005–2010)
  • F.D.M. Group Plc (1998–2005)
  • The Longueville Group Plc (1995–1998)
  • Flavell Divett International Plc (1991–1995)
  • Teamsquare Plc (1990–1991)
Company typePublic
Traded asLSE: FDM
IndustryIT Services
FoundedSeptember 25, 1990; 34 years ago (1990-09-25)
HeadquartersLondon, United Kingdom
Number of locations18
Key people
Services
RevenueIncrease £334.0 million (2023)
Operating incomeIncrease £55.0 million (2023)
Net incomeIncrease £40.8 million (2023)
Number of employees5,500 (2024)
Websitefdmgroup.com

FDM Group Limited is a British multinational information technology (IT) consulting company headquartered in London, United Kingdom. It is composed mostly of university graduates, returners to work and ex-military personnel, who are trained in the FDM Group Skills Labs before working as consultants for one of FDM Group's clients, primarily financial institutions and banks around the world. It is listed on the London Stock Exchange.

History

The company was founded in Brighton by Rod Flavell, who became chief executive, and his wife, Jacqueline Flavell, in 1990. They were joined by Brian Divett, who became chairman, and Julian Divett, who became chief operating officer, and the firm was named Flavell Divett. The company focused on IT recruitment until acquiring Mountfield Software in 1995. In 1998 the name changed to FDM Group to reflect this acquisition and the company began hiring, training and placing their own consultants (called Mounties) on-site with their clients.

In April 2005, FDM Group floated on the Alternative Investment Market, raising £3 million net for the company. By 2009, the company completed a management buyout led by Rod and Sheila Flavell and Andy Brown, with the support of Inflexion, to once again bring the company private. In June 2014, FDM listed on the UK Stock Market, this time valued at £308 million on the London Stock Exchange.

Services

In March 2024 FDM Group underwent a brand refresh. As part of their new identity and offerings, FDM unveiled five specialist practices to deliver business and tech consultancy services. The five practice areas are: Software Engineering, Data & Analytics, IT Operations, Change & Transformation and Risk, Regulation & Compliance.

Training and initiatives

FDM Group's model involves recruiting recent university graduates, returners to work and ex-forces to turn into consultants for their clients. Individuals go through several weeks of training in one of FDM Group's Skills Lab facilities before signing a two-year contract with the company to work as a consultant. As consultants, the employees work on the site of their clients which are mostly in the banking and finance industry.

FDM Group has a Women in IT initiative focused on hiring and inspiring women to pursue jobs in STEM fields. As part of their efforts, they have sponsored the 2013, 2014, 2015 and 2016 everywoman in Technology Awards in London. FDM Group sponsored the Wall Street Rocks charity concert.

Concerns have been raised over the contracts signed by the company's trainees. In 2018, Frank Field, a Member of Parliament in the UK, wrote a letter to government's business secretary, asking for an official inquiry into their business practices. The letter also raised "significant doubts" about whether the £20,000 fees imposed if candidates leave the programme before their two-year period reflected the true costs of training. The scheme was likened to indentured servitude. Legal challenges were raised against both FDM and Capita, another outsourcing organisation, over the fees. One former trainee of FDM told The Guardian that they did not enjoy the job in which they were placed, that the training included general advice, such as how to write emails, and that there was "so much room for manipulation and coercion in the contract".

In 2018, the Ministry of Labour in Ontario, Canada ruled that the fee charged by FDM to a worker who left a job at the Royal Bank of Canada before their contracted period was illegal under the Employment Standards Act. Following the ruling, FDM Group reworded their contract but retained the fee.

References

  1. ^ "FDM Group Limited overview - Find and update company information - GOV.UK". Companies House. 25 September 1990. Retrieved 3 August 2023.
  2. ^ "Annual Results 2023". FDM Group. Retrieved 20 March 2024.
  3. "Employee Assistance Programme". FDM Group. 29 July 2022. Retrieved 12 February 2024.
  4. ^ "Fast Track 100". Fast Track. Archived from the original on 8 August 2016. Retrieved 5 March 2021.
  5. "Soap opera-style saga may still have long way to run". The Financial Times. 1 October 2009. Retrieved 5 March 2021.
  6. "FDM". Complete University Guide. Retrieved 2 June 2017.
  7. "FDM Group". Money and Business. 2 October 2005. Retrieved 2 June 2015.
  8. "How to buy back your business". Real Business. 9 October 2011. Retrieved 2 June 2015.
  9. "FDM Group completes IPO with £308.5m market cap". Global Capital. 17 June 2014. Retrieved 6 March 2020.
  10. "New initiative designed to 'revolutionise' global digital skills training". DPA on the net. Retrieved 26 March 2024.
  11. "Computing & IT Careers". FDM Group. Retrieved 2 June 2017.
  12. Kayleigh Bateman (20 March 2015). "Winners of the 2015 FDM everywoman in Technology Awards announced". Computerweekly.com. Retrieved 2 June 2017.
  13. "Wall Streeters Trade Pinstripes for Chords". New York Times. 12 July 2012. Retrieved 2 June 2017.
  14. Butler, Sarah (16 June 2016). "Government urged to investigate Capita and FDM Group's training schemes". The Guardian. Retrieved 4 June 2021.
  15. "Capita and FDM Group face legal action from former employees over exit fees". The Guardian. 1 June 2018. Retrieved 4 June 2021.
  16. "Editorial | Ontario must end abuses by temp agencies". The Toronto Star. 25 August 2020. ISSN 0319-0781. Retrieved 15 November 2021.

External links

Categories: