# 2438: £25m Contract, New Audit Chair — Is Shearwater Entering a New Phase?

Page: https://stenobird.com/podcast/the-vox-markets-podcast-3914537/2438-25m-contract-new-audit-chair-is-shearwater-entering-a-new-phase
Text version: https://stenobird.com/podcast/the-vox-markets-podcast-3914537/2438-25m-contract-new-audit-chair-is-shearwater-entering-a-new-phase.md
Podcast: [The Vox Markets Podcast](https://stenobird.com/podcast/the-vox-markets-podcast-3914537)
Published: 2026-07-02T11:44:40+00:00
Episode link: https://audioboom.com/posts/8923404
Audio file: https://dts.podtrac.com/redirect.mp3/audioboom.com/posts/8923404.mp3?modified=1782992725&sid=5051662&source=rss
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Duration seconds: 507

## Resource

Watch on YouTube Shearwater Group #SWG has announced a five-year, circa £25 million contract expansion with a global telecoms customer, materially improving revenue visibility and supporting FY26 expectations. This morning’s appointment of Jonathan Entract as Independent Non-Executive Director and Audit Committee Chair adds a governance and capital allocation angle, with investors likely to focus on cash conversion, margin quality and whether the Group is now better positioned for its next phase of growth.

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