AIM: SYS · Last reviewed: March 2026
Investor Relations
Managed services for the AI era.
SysGroup is a UK IT managed services provider focused on mid-market organisations, typically with 100 to 2,000 employees. It runs and secures critical IT across infrastructure, cloud, cybersecurity and compliance. Customers buy a broad outsourced IT service under one contract, with one accountable team. Revenue is predominantly recurring and supported by long-term managed services contracts. Cybersecurity is a significant and growing part of the business.
The MSP model is changing. SysGroup is building for what comes next.
For years, much of managed services was built around break-fix support: when something failed, the provider responded. That is no longer enough. Mid-market businesses now face the same cyber threats, compliance pressures and technology complexity as larger companies, but without the same internal resources.
SysGroup's response is MSP 3.0: AI-driven, insight-led managed services. The group is applying AI across service delivery and internal operations to help identify issues earlier, improve consistency and move support from reactive to more proactive.
Alongside this, SysGroup is pursuing a disciplined buy-and-build strategy. The UK managed services market is fragmented, creating scope for consolidation. SysGroup acquires compatible businesses that add capability, customers or scale, and integrates them into a more standardised operating model.
The result is a business built on recurring revenue, a growing cybersecurity business, AI-supported operations and a clear opportunity to build scale in a fragmented market.
Board of Directors
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Executive Chairman & Shareholder
Heejae Chae
17x
Return at Scapa Group plc
14%
Personal stake in SysGroup
2007
Listed Company Turnaround of the Year (Volex)
- ›Proven company transformer across multiple UK-listed businesses
- ›Columbia Engineering, Harvard MBA; Wall Street career at Blackstone and DLJ
- ›CEO of Volex: turned £3m operating loss into £11m profit
- ›CEO of Scapa: 12-year transformation, £24m to £413m market cap (17x return)
- ›Invested personal capital for a 14% stake in SysGroup
Owen Phillips
Chief Financial Officer and Company Secretary
- ›Chartered Accountant, qualified 2007
- ›Previously Finance Director at Matillion ($1.5bn valuation)
- ›Background in data/tech sector and Grant Thornton
Mike Fletcher
Non-Executive Director
- ›Managing Partner, Arete Capital LLP
- ›10 years M&A at GCA Altium
- ›Chair: Remuneration Committee
Mark Reilly
Non-Executive Director
- ›Managing Partner, IP Group plc
- ›200+ venture transactions
- ›PhD Engineering, Cambridge
Paul Edwards
Non-Executive Director
- ›CFO, Tatton Asset Management plc
- ›Former Group FD at Scapa Group and NCC Group
- ›Chair: Audit Committee
Davin Cushman
Non-Executive Director
- ›Founder & Managing Director, Brightrose Ventures
- ›Former CEO, Ignite Technologies (40+ acquisitions)
- ›Princeton; Kellogg MBA
Regulatory News (RNS)
Financial Reports
Annual Reports & Accounts
Half-Year Reports
Investor Presentations
AGM Notices & Shareholder Circulars
AGM Notices
Circulars & GM Notices
AIM Rule 26 Disclosures
The information in this section is disclosed in accordance with AIM Rule 26.
Country of Incorporation and Operation
SysGroup PLC is incorporated in England and Wales. Registered Number 06172239. Legal Entity Identifier (LEI) 213800D18GPZZJR9SH55. The United Kingdom is its main country of operation.
Registered Address
SysGroup PLC, 55 Spring Gardens, Manchester, M2 2BY
UK Takeover Code
SysGroup PLC is subject to the provisions of "The City Code on Takeovers and Mergers" in the UK.
Shares in Issue
Last updated 13 March 2026
The Company's issued share capital consists of 85,515,091 ordinary shares of one penny each (£0.01). The Company holds 1,789,912 ordinary shares in treasury. The total number of voting rights is 83,725,179.
The Company has not applied or agreed to have any of its securities admitted or traded on any other exchange or trading platform.
Significant Shareholdings
| Shareholder | Shares | % |
|---|---|---|
| Gresham House Asset Management Limited | 21,815,963 | 26.06% |
| Heejae Chae | 10,609,070 | 12.67% |
| Canaccord Genuity Group Inc | 8,000,000 | 9.56% |
| Darren Carter | 5,788,158 | 6.91% |
| Herald Investment Management Limited | 4,144,581 | 4.95% |
| NR Holdings Limited | 3,000,000 | 3.58% |
Director Holdings
| Director | Shares | % |
|---|---|---|
| Heejae Chae | 10,609,070 | 12.67% |
| Davin Cushman | 296,732 | 0.35% |
| Paul Edwards | 151,515 | 0.18% |
| Mike Fletcher | 122,647 | 0.15% |
| Owen Phillips | 60,606 | 0.07% |
| Mark Reilly | 45,454 | 0.05% |
Percentage of shares not held in public hands: 40.31%
Corporate Governance
The Board is responsible for the Group's strategy, performance and governance, and for ensuring effective risk management and internal controls. The Company applies the principles of the Quoted Companies Alliance Corporate Governance Code (QCA Code).
View full QCA Code compliance statement →Constitutional Documents
Board Committee Terms of Reference
Key Advisers
| Role | Name | Phone |
|---|---|---|
| Company Secretary | Owen Phillips | +44 (0) 333 101 9000 |
| Nominated Advisor (NOMAD) | Zeus Capital | +44 (0) 20 3100 2000 |
| Broker | Zeus Capital | +44 (0) 20 3100 2000 |
| Legal Advisors | Hill Dickinson LLP | +44 (0) 161 817 7200 |
| Auditor | BDO LLP | +44 (0) 161 817 7500 |