Annual Report

and Financial

Statements

2023

What we do

iomart is a leading provider of cloud hosting and managed services to UK SME and Large Enterprise businesses. We make our customers unstoppable by helping them connect, secure and scale anytime, anywhere.

Seamless User Experience

Peace of Mind

Reliability

Productivity

Flexibility

Consulting Services

Secure Connectivity

Digital Workplace

Our Place

Your Place

Their Place

(Private Cloud)

(On Premise)

(Public Cloud)

Security

Connected Data Centres

24/7 Managed Services

"When speaking to other companies they all spoke in very general terms, nothing specific. It all sounds good, but it was difficult to understand exactly what they were trying to sell us. With iomart though it was all very clear, concise and to the point."

Jatinder Grewall, Head of Project Management & Technology

"What we got from iomart was a real hands-on, caring experience. It was a massively successful project and has changed the perception of IT within Harrow Council. Whereas before IT was seen as a thorn in everyone's side, it's now seen as a positive force and a key enabler for the delivery of our vital public services."

Ben Goward, Director of ICT

1

iomart Group plc Annual Report and Financial Statements 2023

Contents

OVERVIEW

Highlights

4

STRATEGIC REPORT

Chair's statement

6

Chief executive officer's report

8

Chief financial officer's report

14

Principal risks and uncertainties

20

Stakeholder engagement

23

CORPORATE GOVERNANCE

Board of directors

30

Corporate governance report

32

Report of the board to the members on directors' remuneration

41

Directors' report

48

Directors' responsibilities statement

53

FINANCIAL STATEMENTS

Independent auditor's report to the members of iomart Group plc

55

Consolidated statement of comprehensive income

66

Consolidated statement of financial position

67

Consolidated statement of cash flows

68

Consolidated statement of changes in equity

69

Notes to the financial statements

70

Parent company financial statements

108

ANNUAL GENERAL MEETING

Notice of 2023 Annual General Meeting

116

OFFICERS AND PROFESSIONAL ADVISERS

Officers and professional advisers

123

iomart Group plc Annual Report and Financial Statements 2023

2

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Disclaimer

Iomart Group plc published this content on 11 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 August 2023 05:35:04 UTC.