Board Change • May 21
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Non-Executive Director Colin Welsh was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Mar 09
Tekmar Group plc, Annual General Meeting, Mar 31, 2026 Tekmar Group plc, Annual General Meeting, Mar 31, 2026. Location: the offices of muckle llp, time central, 32 gallowgate, newcastle upon tyne, ne1 4bf, United Kingdom Annuncio • Dec 06
Tekmar Group plc Provides Earnings Guidance for the Year-Ended 30 September 2025 Tekmar Group plc expected to report revenue for the year-ended 30 September 2025 ("FY25") in the region of £29 million. Annuncio • Sep 04
Tekmar Group plc Provides Earnings Guidance for the Second Half of Fiscal Year 2025 Tekmar Group plc provided earnings guidance for the second half of fiscal year 2025. The Board continues to expect improved revenue for the second half of the year . Annuncio • Mar 05
Tekmar Group plc, Annual General Meeting, Mar 27, 2025 Tekmar Group plc, Annual General Meeting, Mar 27, 2025. Location: pod 3, the work place, heighington lane, aycliffe business park, dl5 6ah, newton aycliffe United Kingdom Annuncio • Feb 17
Tekmar Group plc Announces Appointment of Marc Bell as Chief Operating Officer Tekmar Group plc announced the appointment of Marc Bell, current Managing Director of Tekmar Energy, as Chief Operating Officer ("COO") of Tekmar Group. Marc brings nearly 25 years of experience of business leadership experience across manufacturing, service, and project engineering-focused organisations. A qualified Mechanical Engineer with a Master's in Business Management from the University of Durham, Marc has spent the past 15 years in the global energy sector, holding key roles in offshore wind and subsea industries. Prior to joining Tekmar, Marc held senior roles within the industry, including Global Operations Director for JDR Cables, Head of Offshore Wind UKI for Siemens Gamesa, and Global Manufacturing Manager for Technip Umbilicals. In his new role as COO, Marc will take on the leadership of Pipeshield in addition to his responsibilities with Tekmar Energy. His focus will be on embedding the best practices established, ensuring efficiency, continuous improvement, and collaboration across the Group's operations. With oversight of both divisions, Marc's leadership will provide opportunity for further collaboration between Tekmar Energy and Pipeshield, facilitating opportunities for cross selling across the wider Tekmar customer base, in addition to other strategic synergies. Annuncio • Feb 03
Tekmar Group plc Announces Stepping Down of Alasdair Macdonald as A Director Tekmar Group plc announced that Alasdair MacDonald is stepping down from his role as a Director of the Group and will leave the Board with immediate effect. Alasdair leaves the group to pursue other business interests and the Board would like to take this opportunity to wish Alasdair well for the future. Annuncio • Dec 02
Tekmar Group plc Provides Earnings Guidance for the Twelve Months to 30 September 2024 Tekmar Group plc provided earnings guidance for the twelve months to 30 September 2024. The Group is expected to report revenue for year 2024 of approximately £32 million (year 2023: £36 million), gross profit in the region of £10 million (year 2023: £8 million). This is consistent with the Group's focus on securing contracts with suitably attractive project economics and disciplined execution of these projects and was achieved despite market conditions which remained challenging in year 2024. New Risk • Nov 10
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£4.1m free cash flow). Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 64% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€12.6m market cap, or US$13.5m). Annuncio • Aug 12
Tekmar Group plc Announces Board Changes Tekmar Group plc announced the appointment of two Non-Executive Directors, Lars Bondo Krogsgaard and David Kemp, effective 12 August 2024. In light of these appointments, Ian Ritchey steps down from the Tekmar Board with immediate effect and Julian Brown will step down on 30 September 2024. Lars brings considerable wind industry experience and an extensive track record leading global organizations for over 20 years, including publicly listed companies. He has a wealth of experience across wind turbine manufacturing and supply chain activities, renewable energy project development and engineering and technology companies. Previously, Lars was the Onshore CEO at Siemens Gamesa Renewable Energy. Prior to his role with Siemens, Lars was the Co-CEO at MHI Vestas Offshore Wind, and member of the Management Board and CEO of Nordex. David is an accomplished and experienced FTSE 250 CFO with a strong track record leading diverse global teams. He has broad experience in strategy development and implementation, M&A, business performance, transformation and turnaround. Most recently, David was Group CFO at John Wood Group Plc. At Wood Group, David had a leadership role in transforming the group from an oil and gas dominated unintegrated group to a global multi-sector engineering and consultancy business. He was involved in extensive capital raisings, with over USD 4 billion raised across public and private markets and M&A, where he executed over USD 3 billion of acquisitions. Prior to his role at Wood Group, David was Group CFO of Jersey Oil and Gas plc, from 2011 to 2013. The following additional information is provided with regards to the appointment of Lars Bondo Krogsgaard, aged 58, in accordance with AIM Rule 17 and Schedule 2(g) of the AIM Rules for Companies: Current Directorships/partnerships: Fonden Lindoe Offshore Renewables Center Ra Holdings Société a responsabilité limitée Stiesdal A/S Stiesdal Hydrogen A/S Stiesdal Skyclean A/S Stiesdal Offshore A/S Lars Bondo Krogsgaard Holding ApS Solutio ApS Directorships/partnerships within the last five years: Siemens Gamesa Renewable Power Private Limited, India MHI Vestas Offshore Wind A/S The following details in relation to the appointment of Mr. David Miller Kemp, aged 54, are disclosed in accordance with AIM Rule 17 and Schedule 2(g) of the AIM Rules for Companies: Current Directorships/partnerships: Craneware plc Directorships/partnerships within the last five years: UK Albyn School Limited John Wood Group PLC Wood Group Limited JWG USA Holdings Limited Wood Group Management Services Limited Wood Group Properties Limited John Wood Group US Company USA JWG USA Holdings Inc. Wood Group E&PF Holdings Inc. Wood Group US Holdings Inc. Annuncio • Jun 25
Tekmar Group plc Announces Chief Executive Officer Changes, Effective September 2024 Tekmar Group plc announced Richard Turner will join the Group as Chief Executive Officer at the start of September 2024. Richard has considerable experience as a CEO in the offshore energy sector, including offshore wind, with a strong track record of driving profitable growth in these roles. Richard joins from Geoquip Marine, where he was CEO since October 2022. Geoquip Marine specialises in global offshore geotechnical site investigation and data acquisition in the offshore energy and renewables markets. During his time at Geoquip Marine, Richard developed and executed a clear strategy delivering significant revenue and profit growth in an accelerated period of twelve months, through business change and driving operational and commercial excellence. Prior to Geoquip, Richard was CEO of BEL Valves and President and CEO of JDR Cable Systems. Prior to joining JDR, Richard was Vice President of Global Manufacturing at Technip Umbilical Systems. Richard is also a Commissioner of the Port of Blyth. Alasdair MacDonald, current CEO of the Group, will transition to a role as Executive Director where he will support the CEO transition and value creation through both organic efforts and through Group M&A. It is anticipated that Alasdair will assume these responsibilities for six months effective from the start of September 2024, after which he will move to be a Non-Executive Director of the Group. Alasdair will remain as CEO until Richard's appointment. The following additional information is provided with regards to the appointment of Richard John Turner, aged 45, in accordance with AIM Rule 17 and Schedule 2(g) of the AIM Rules for Companies: Current Directorships/partnerships: Offshore Wind Growth Partnership Ltd; Port of Blyth; Elan Solutions Ltd; Volkscentre Ltd; GQM Services Ltd. Directorships/partnerships within the last five years: BEL Valves Ltd. . There are no further disclosures required to be made in respect of the appointment under AIM Rule 17 and Schedule 2(g) of the AIM Rules for Companies. Annuncio • May 03
Unique System (UK) Ltd. acquired Subsea Innovation Limited from Tekmar Group plc (AIM:TGP) for £1.9 million. Unique System (UK) Ltd. acquired Subsea Innovation Limited from Tekmar Group plc (AIM:TGP) for £1.9 million on May 2, 2024. The consideration value comprises an initial cash payment of £27,000, a cash payment of £1.4 million relating to a trade debtor, payable post-Completion, and a further cash payment of £549,000 payable 12 months post-Completion. For FY23, the latest audited period prior to announcing the Transaction, SIL reported an Adjusted EBITDA loss of £1.4 million and net assets of £1.4 million. These proceeds will be available to support the Group's disciplined investment programme to drive near-term growth and for general working capital purposes. Rick Thompson and Sam Butcher from Singer Capital Markets Advisory LLP act as financial advisor for Tekmar Group plc (AIM:TGP).
Unique System (UK) Ltd. completed the acquisition of Subsea Innovation Limited from Tekmar Group plc (AIM:TGP) on May 2, 2024. Board Change • Apr 26
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Senior Independent Non-Executive Director David Wilkinson was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 05
Full year 2023 earnings released: UK£0.11 loss per share (vs UK£0.09 loss in FY 2022) Full year 2023 results: UK£0.11 loss per share (further deteriorated from UK£0.09 loss in FY 2022). Revenue: UK£39.9m (up 32% from FY 2022). Net loss: UK£10.1m (loss widened 97% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 44% per year whereas the company’s share price has fallen by 48% per year. New Risk • Jan 07
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 48% per year over the past 5 years. Shareholders have been substantially diluted in the past year (123% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). Market cap is less than US$100m (€18.2m market cap, or US$19.9m). Annuncio • Jul 30
Tekmar Group plc Reaffirms Earnings Guidance for the Financial Year to September 2023 Tekmar Group plc reaffirmed earnings guidance for the financial year to September 2023. The directors also confirm that the Group's financial performance for the current financial year to September 2023 remains in-line with management expectations set out in the interim results announced in June 2023. Board Change • Jul 26
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Senior Independent Non-Executive Director David Wilkinson was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. 
