Summary

Zigup plc (LSE:ZIG), formerly Redde Northgate, is a FTSE 250 and FTSE 350 vehicle solutions and services group. The stock is in focus after FY2025 (year ended 30 April 2025) results delivered a strong operational performance, a final Dividend of 17.6p and a total dividend of 26.4p (+2.3%). This article explains the share price drivers, results and risks for UK investors.

Key takeaways

  • Zigup plc (formerly Redde Northgate, rebranded in May 2024) is a FTSE 250 and FTSE 350 constituent and a leading UK vehicle solutions and services group.
  • For the FY year ended 30 April 2025, a final dividend of 17.6p per share was declared (vs 17.5p), taking the total dividend to 26.4p (vs 25.8p) — a 2.3% increase.
  • The annual dividend of £0.26 per share equates to a publicly reported Yield of around 6.45%.
  • Final dividend paid on 30 September 2025.
  • The group reported strong operational performance, growing Market Share and material improvements in Customer Service scores.

Introduction: Why Zigup shares are in focus on the FTSE 350

Zigup plc (LSE:ZIG) is a UK vehicle solutions and services group and a constituent of the FTSE 250 and the wider FTSE 350. The company was formerly known as Redde Northgate plc and rebranded as Zigup in May 2024. Its operations span vehicle rental and leasing, accident management, fleet services and used vehicle sales. For UK investors monitoring FTSE 350 share price news, UK support services and UK dividend stocks, Zigup is one of the most distinctive vehicle-related stocks on the London Stock Exchange.

The Zigup share price has been in focus following FY2025 results that confirmed continued operational momentum, market share gains, improved customer service and a modest dividend uplift. With a publicly reported Dividend Yield of around 6.45%, Zigup is one of the higher-yielding UK mid-cap stocks.

Company overview: A leading UK vehicle solutions and services group

Zigup provides a wide range of vehicle-related products and services across the UK, Ireland and Spain. Its operations span vehicle rental and leasing (including light commercial vehicles), accident management and repair, fleet services and the sale of used vehicles. The group serves Business customers (corporate fleets, SMEs, insurers) and consumer customers (through used vehicle sales).

Zigup trades on the Main Market of the London Stock Exchange under the ticker ZIG and is a constituent of the FTSE 250 and FTSE 350. For UK investors, the company offers exposure to commercial vehicle leasing, accident management Economics and the broader UK fleet services market.

What happened: FY2025 results, dividend and rebrand

The most material recent events for Zigup include the May 2024 rebrand from Redde Northgate and the publication of FY2025 results for the year ended 30 April 2025. According to publicly available announcements, the Board declared a final dividend of 17.6p per share (versus 17.5p), taking the total dividend to 26.4p per share (versus 25.8p) — a 2.3% increase. The final dividend was paid on 30 September 2025.

The publicly reported dividend yield of around 6.45% places Zigup among the higher-yielding UK mid-cap names. The Group delivered a strong operational performance, reflecting a year of significant progress across the business, growing market share and benefiting from material improvements in customer service scores.

Why it matters for UK investors

Zigup matters for UK investors as one of the few UK-listed pure-play vehicle solutions and services companies and a long-standing dividend payer. As a FTSE 250 and FTSE 350 constituent, it is held in mid-cap UK income and value strategies. Its share price serves as a barometer for sentiment on UK fleet activity, accident management volumes, used vehicle prices and broader commercial vehicle dynamics.

Latest verified update

The most material verified updates for Zigup include the May 2024 rebrand, the FY2025 results, the 26.4p total dividend and the operational performance commentary. The FTSE 350 constituent table PDF snapshot showed a price of 418p, consistent with the trading range observed during 2025 and 2026. UK investors should consult Zigup’s Investor relations website and RNS announcements for the most current verified facts.

Share price and investor sentiment

The Zigup share price has been shaped by the rebrand, FY2025 operational performance and the high dividend yield. Sentiment in 2025 and 2026 has been broadly supportive of the operational improvements, with debate over the cyclical sensitivity of used vehicle prices and accident management volumes.

Sector and macro context: UK vehicle solutions, fleet activity and used vehicle prices

Zigup operates in UK vehicle solutions and services, where Revenue and margins are influenced by fleet activity, accident frequency, vehicle replacement cycles and used vehicle prices. The shift to electric vehicles, insurer pricing dynamics and broader fleet trends are also relevant. Macroeconomic Factors — including UK interest rates, consumer spending and economic activity — affect the Demand environment.

Earnings, dividends and Balance Sheet

According to FY2025 results, Zigup’s combination of operational performance and a 2.3% dividend increase to 26.4p supports the company’s income profile. Investors should consult Zigup’s investor relations communications for the most current revenue, EBITDA, profit and balance sheet figures.

Broker, analyst and investor sentiment

Zigup is covered by UK Sell-Side analysts focused on support services and vehicle-related stocks. Sentiment in 2025 and 2026 has been broadly constructive on the operational momentum and dividend record.

For specific broker views, investors should consult their own Brokers or platforms such as Reuters, Bloomberg, the Financial Times, MarketWatch and Yahoo Finance UK.

Growth catalysts

Several catalysts could support Zigup’s Investment case. The first is continued market share gains across vehicle rental and leasing. The second is operational improvements supporting Margin expansion. The third is continued dividend growth, supporting per-share metrics over time.

Risks and uncertainties

Risks include cyclicality in used vehicle prices, accident management volumes, insurer pricing dynamics, electrification-related fleet transitions, currency exposure (notably euro for Spanish operations) and macroeconomic factors that affect commercial vehicle demand.

What investors should watch next

UK investors monitoring the Zigup share price and FTSE 350 news may want to track interim and full-year results, dividend declarations, AGM commentary and any updates on vehicle rental, leasing, accident management or used vehicle markets. Macro data on UK fleet activity, used vehicle prices and interest rates will also influence sentiment.

Conclusion

Zigup plc is one of the most distinctive UK vehicle solutions and services companies and a key FTSE 250 and FTSE 350 stock. FY2025 results show strong operational performance, market share gains, improved customer service and a 2.3% dividend increase to 26.4p — supporting a yield of around 6.45%. Risks include used vehicle price Volatility, accident management dynamics and macro factors, but the income profile and operational momentum are supportive. For UK investors watching FTSE 350 share price news, Zigup is one of the most relevant higher-yielding mid-cap names on the London Stock Exchange.