New Risk • Apr 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. 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 (13% average weekly change). Earnings have declined by 31% per year over the past 5 years. Market cap is less than US$10m (UK£5.48m market cap, or US$7.40m). Minor Risk Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Tillkännagivande • Apr 12
CPPGroup Plc Pursues Potential Sale of Blink Parametric Holdings Limited The Board of CPPGroup Plc (AIM:CPP) provided the following update on the strategic options currently being actively progressed, subsequent to the Company's announcement on March 16, 2026. The Board is exploring strategic options for Blink Parametric Holdings Limited ("Blink"), the Group's digitally focused parametric InsurTech business, which has received significant investment in recent years and continues to perform strongly and in line with Board expectations. Blink is a technology-led platform providing real-time, automated claims assessment and payment solutions, primarily within the travel disruption insurance and cyber protection markets. It has established a growing network of global partnerships with insurers, financial institutions and travel providers, with an expanding presence across multiple geographies. For the year ended December 31, 2025, Blink is expected to report annualised recurring revenue ("ARR") of circa GBP 3 million (2024: GBP 1.6 million), representing strong year-on-year growth. This momentum has continued with a strong First Quarter 2026, and we expect, by year end, to report another year of strong revenue growth. The Board is encouraged by the level of external interest in Blink and has received proposals and expressions of interest, including from strategic industry participants, in relation to a potential acquisition or combination involving the business. The proposals reflect valuation levels which are significantly in excess of the Group's current market capitalisation, reinforcing confidence in Blink's underlying value and future growth potential. The Board is therefore pursuing a potential sale of Blink. No terms have been agreed at this stage, and there can be no certainty that any transaction will be completed or as to the value that may ultimately be realised. New Risk • Mar 16
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 British stocks, typically moving 13% 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 Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 31% per year over the past 5 years. Market cap is less than US$10m (UK£4.70m market cap, or US$6.26m). Tillkännagivande • Mar 16
CPPGroup Plc to Report Fiscal Year 2025 Results on May 14, 2026 CPPGroup Plc announced that they will report fiscal year 2025 results at 8:00 AM, GMT Standard Time on May 14, 2026 Tillkännagivande • Jan 20
Cppgroup plc Announces the Appointment of Brian Barter as Executive Director, Effective from January 20, 2026 CPPGroup PLC announced the appointment of Brian Barter to the Board as Executive Director, with immediate effect from January 20, 2026. Brian was appointed as Chief Executive Officer at Blink Parametric in June 2025, and before this held senior positions at Accenture, Bank of Ireland and more recently as Managing Director at BoatyardX (initially developed as part of Shipyard Technology Ventures), a global software business that builds and runs software for fintech, payments, e-commerce and IoT companies in Europe, North America, South America, Africa and South East Asia. Here, he led the company from inception to acquisition by Ergo in 2022 and steered the successful integration of BoatyardX into the wider Ergo Group. The following disclosures are provided in respect of Brian Clement Barter, aged 41, pursuant to Schedule 2(g) of the AIM Rules for Companies. Current directorships /partnerships: CPP Assistance Services Limited, CPPGroup Services Limited, Blink Parametric Holdings Limited, Blink Parametric UK Limited, CPP Innovation Limited, Shaderow Limited. Previous directorships /partnerships in last 5 years: Exante Consulting Limited, BoatyardX Ltd, BoatyardX SAS, BoatyardX SRL, BoatyardX Inc, Clarrow Inc. New Risk • Dec 05
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: UK£6.84m (US$9.12m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 31% per year over the past 5 years. Market cap is less than US$10m (UK£6.84m market cap, or US$9.12m). Minor Risk Share price has been volatile over the past 3 months (8.2% average weekly change). Reported Earnings • Oct 05
First half 2025 earnings released: UK£0.38 loss per share (vs UK£0.53 loss in 1H 2024) First half 2025 results: UK£0.38 loss per share (improved from UK£0.53 loss in 1H 2024). Revenue: UK£965.0k (down 38% from 1H 2024). Net loss: UK£3.51m (loss narrowed 25% from 1H 2024). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Commercial Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Tillkännagivande • Sep 18
OneAssist Consumer Solutions Pvt. Ltd. and Bolttech Device Protection India Private Limited completed the acquisition of CPP Assistance Services Pvt. Ltd from CPPGroup Plc (AIM:CPP). OneAssist Consumer Solutions Pvt. Ltd. and Bolttech Device Protection India Private Limited agreed to acquire CPP Assistance Services Pvt. Ltd from CPPGroup Plc (AIM:CPP) for £15.7 million on July 23, 2025. Under the agreement, the Buyers will acquire 100% of CPP India for a total cash consideration of £15.7 million, of which £11.8 million is payable on completion. The remaining balance will be paid in two equal instalments, six and twelve months post-completion, contingent on the satisfaction of agreed performance conditions. Proceeds from the disposal will be used to support Blink's expansion and the necessary run-off and restructuring of the Group's remaining legacy operations, including central costs.
For the period ending December 31, 2024, CPP Assistance Services Pvt. Ltd reported EBITDA of £1.4 million. As of December 31, 2024, CPP Assistance Services Pvt. Ltd reported total common equity of £2.3 million.
The transaction is subject to approval of offer by the shareholders of CPPGroup Plc. The expected completion of the transaction is in the third quarter of 2025.
On August 14, 2025, the transaction has been approved by the shareholders of CPPGroup Plc. On September 15, 2025, OneAssist Consumer Solutions Pvt. Ltd. and Bolttech Device Protection India Private Limited revised the terms of the transaction from £15.7 million to £14.5 million. Of the Revised Purchase Price, £10.9 million rather than £11.8 million previously agreed is payable on Completion with the remaining balance of up to £3.6 million payable in two equal instalments.
Stephen Jones, Atholl Tweedie and Will King of Panmure Liberum Capital Limited acted as financial advisor to CPPGroup.
OneAssist Consumer Solutions Pvt. Ltd. and Bolttech Device Protection India Private Limited completed the acquisition of CPP Assistance Services Pvt. Ltd from CPPGroup Plc (AIM:CPP) on September 17, 2025. The the up-front consideration of £10.9 million, net of Indian taxation, was received by CPPGroup Plc on completion. Tillkännagivande • Sep 17
CPPGroup Plc to Report First Half, 2025 Results on Sep 29, 2025 CPPGroup Plc announced that they will report first half, 2025 results on Sep 29, 2025 Tillkännagivande • Jul 23
OneAssist Consumer Solutions Pvt. Ltd. and Bolttech Device Protection India Private Limited agreed to acquire CPP Assistance Services Pvt. Ltd from CPPGroup Plc (AIM:CPP) for £15.7 million. OneAssist Consumer Solutions Pvt. Ltd. and Bolttech Device Protection India Private Limited agreed to acquire CPP Assistance Services Pvt. Ltd from CPPGroup Plc (AIM:CPP) for £15.7 million on July 23, 2025. Under the agreement, the Buyers will acquire 100% of CPP India for a total cash consideration of £15.7 million, of which £11.8 million is payable on completion. The remaining balance will be paid in two equal instalments, six and twelve months post-completion, contingent on the satisfaction of agreed performance conditions. Proceeds from the disposal will be used to support Blink's expansion and the necessary run-off and restructuring of the Group's remaining legacy operations, including central costs.
For the period ending December 31, 2024, CPP Assistance Services Pvt. Ltd reported EBITDA of £1.4 million. As of December 31, 2024, CPP Assistance Services Pvt. Ltd reported total common equity of £2.3 million.
The transaction is subject to approval of offer by acquirer shareholders. The expected completion of the transaction is July 23, 2025 to December 31, 2025.
Stephen Jones, Atholl Tweedie and Will King of Panmure Liberum Capital Limited acted as financial advisor to CPPGroup. New Risk • Jun 18
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 British 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 Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 33% per year over the past 5 years. Minor Risks Less than 1 year of cash runway based on current free cash flow (-UK£12m). Negative equity (-UK£26k). Market cap is less than US$100m (UK£10.4m market cap, or US$13.9m). Tillkännagivande • Jun 18
Mehrwerk GmbH acquired Cpp Sigorta Arancilik Hizmetleri Anonim Sirketi from CPPGroup Plc (AIM:CPP) for £4.6 million. Mehrwerk GmbH agreed to acquire Cpp Sigorta Arancilik Hizmetleri Anonim Sirketi from CPPGroup Plc (AIM:CPP) for £4.6 million on June 18, 2025. In parallel, the Group has entered into a three-year licensing agreement with the buyer, granting it rights to distribute Blink's cyber security product across pre-agreed markets. This agreement is expected to generate £1.5 million in revenue over the three-year term. The combined proceeds of £6.1 million will be paid over a three-year period, comprising: an initial payment of circa £3.1 million upon completion, followed by £1.5 million in Year 1, £1.0 million in Year 2, and £0.5 million in Year 3. The proceeds of the disposals of CPP Turkey and CPP India will be allocated to Funding near to medium-term investment in Blink; Meeting the Group's ongoing working capital requirements (including costs associated with the restructure and cost reduction programme); and Repaying the Group's RCF facility with Barclays which is being withdrawn in September 2025. Of the proceeds of the disposal of CPP Turkey, £2.5 million will be allocated to the RCF with the remainder to be used for the Group's ongoing working capital requirements.
For the period ending December 31, 2024, Cpp Sigorta Arancilik Hizmetleri Anonim Sirketi reported EBITDA of £1.4 million. As of December 31, 2024, Cpp Sigorta Arancilik Hizmetleri Anonim Sirketi reported total common equity of £1.5 million.
PanmureLiberum acted as financial advisor to CPPGroup.
Mehrwerk GmbH acquired Cpp Sigorta Arancilik Hizmetleri Anonim Sirketi from CPPGroup Plc (AIM:CPP) on June 18, 2025. Tillkännagivande • Apr 02
CPPGroup Plc, Annual General Meeting, May 07, 2025 CPPGroup Plc, Annual General Meeting, May 07, 2025. Location: cavendish, one bartholomew close, ec1a 7bl, london United Kingdom New Risk • Mar 27
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: UK£7.65m (US$9.91m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 33% per year over the past 5 years. Market cap is less than US$10m (UK£7.65m market cap, or US$9.91m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-UK£12m). Negative equity (-UK£26k). Reported Earnings • Mar 25
Full year 2024 earnings released: UK£0.52 loss per share (vs UK£0.98 loss in FY 2023) Full year 2024 results: UK£0.52 loss per share (improved from UK£0.98 loss in FY 2023). Revenue: UK£156.8m (down 19% from FY 2023). Net loss: UK£4.65m (loss narrowed 46% from FY 2023). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Commercial Services industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance. New Risk • Feb 10
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: UK£8.02m (US$9.93m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 35% per year over the past 5 years. Market cap is less than US$10m (UK£8.02m market cap, or US$9.93m). Tillkännagivande • Jan 15
CPPGroup Plc to Report Fiscal Year 2024 Results on Mar 25, 2025 CPPGroup Plc announced that they will report fiscal year 2024 results on Mar 25, 2025 Board Change • Nov 25
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, 1 was an independent director. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Jeremy Ronald St Miller was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Tillkännagivande • Nov 18
CPP Group Announces Board Appointments CPP Group announced the appointments of Alice Glenister as a Non-Executive Director and Eleanor Sykes as an Executive Director in her role of Group Chief Operations Officer, both with effect from 18 November 2024. Alice Glenister is a parametric insurance specialist with a track record in structuring and launching parametric insurance products. She has over 12 years of experience in the insurance industry, the last five of which have been focused on parametric solutions. Alice is currently Head of Parametric Solutions at Miller Insurance Services LLP, a leading international insurance broker and has previously held senior managerial and underwriting roles at Mastercard, Generali Global Corporate and Commercial, and Chaucer Syndicates Limited. She is an Associate of the Chartered Institute of Insurance, having qualified in 2012 and has an MSc in Insurance and Risk Management from Bayes Business School. Eleanor Sykes joined CPP Group in 2016 as Group Head of Internal Audit, before becoming Director of Risk, Audit and Assurance in January 2021. She was appointed as Group Chief Operations Officer in May 2022. Eleanor qualified as a Chartered Accountant in 2003 and holds extensive experience in the financial services sector, with more than 12 years spent in the mutual sector including almost 10 years as the Head of Internal Audit for Engage Mutual Assurance. Reported Earnings • Sep 23
First half 2024 earnings released: UK£0.24 loss per share (vs UK£0.52 loss in 1H 2023) First half 2024 results: UK£0.24 loss per share (improved from UK£0.52 loss in 1H 2023). Revenue: UK£89.6m (down 1.6% from 1H 2023). Net loss: UK£2.15m (loss narrowed 53% from 1H 2023). Revenue is expected to decline by 3.4% p.a. on average during the next 3 years, while revenues in the Commercial Services industry in the United Kingdom are expected to grow by 4.2%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 46 percentage points per year, which is a significant difference in performance. Tillkännagivande • Sep 10
Navneet Gupta, Vikram Singh Nathawat, and Ashish Goyal acquired remaining 51% stake in Globiva Services Private Limited from CPPGroup Plc for £3.8 million. Navneet Gupta, Vikram Singh Nathawat, and Ashish Goyal agreed to acquire remaining 51% stake in Globiva Services Private Limited from CPPGroup Plc for £5.1 million on November 27, 2023. The final consideration will be subject to adjustment of plus or minus ten percent. Globiva reported net assets of £3.6 million as on June 30, 2023. The sale and transfer of ownership will be conducted over a three-year period concluding in Q1 2027. Richard Lindley and Lauren Kettle of Liberum Capital Limited acted as financial advisor to Globiva Services Private Limited.
Navneet Gupta, Vikram Singh Nathawat, and Ashish Goyal completed the acquisition of remaining 51% stake in Globiva Services Private Limited from CPPGroup Plc for £3.8 million on September 10, 2024. Richard Lindley and Will King of Panmure Liberum Limited acted as an advisor to CPPGroup Plc. New Risk • Aug 04
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 31% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (3.6% increase in shares outstanding). Market cap is less than US$100m (UK£14.4m market cap, or US$18.4m). Tillkännagivande • Jul 19
CPPGroup Plc Provides Revenue Guidance for the Six Months Ended 30 June 2024 CPPGroup Plc provided revenue guidance for the six months ended 30 June 2024. On a reported basis, the Board expects revenues from continuing operations to be circa £89.1 million (First half of 2023 restated: £90.6 million) which is 2% below prior year (2% higher on a constant currency basis). Tillkännagivande • Jun 15
IGS EMEA SL acquired Cpp Italia S.R.L. from CPPGroup Plc (AIM:CPP) for €0.5 million IGS EMEA SL acquired Cpp Italia S.R.L. from CPPGroup Plc (AIM:CPP) for €0.5 million on June 14, 2024. The Disposal marks the final step in the Group's withdrawal plans from its legacy operations with Spain and Portugal closed, Italy and Mexico sold, and the UK in active run-off. For the 2023 Financial Year, CPP Italy contributed EBITDA of €0.23 million and recorded a profit before tax of €0.11 million. As at 31 December 2023, CPP Italy had net assets of €0.11 million. Richard Lindley and Will King from Liberum Capital Limited acted as financial advisor for CPPGroup Plc.
IGS EMEA SL completed the acquisition of Cpp Italia S.R.L. from CPPGroup Plc (AIM:CPP) on June 14, 2024. Tillkännagivande • Apr 04
CPPGroup Plc, Annual General Meeting, May 07, 2024 CPPGroup Plc, Annual General Meeting, May 07, 2024, at 15:00 Coordinated Universal Time. Location: Liberum Capital Limited, Ropemaker Place, 25 Ropemaker Street London United Kingdom Reported Earnings • Mar 27
Full year 2023 earnings released: UK£0.98 loss per share (vs UK£0.017 loss in FY 2022) Full year 2023 results: UK£0.98 loss per share (further deteriorated from UK£0.017 loss in FY 2022). Revenue: UK£193.8m (up 14% from FY 2022). Net loss: UK£8.66m (loss widened UK£8.50m from FY 2022). Revenue is expected to decline by 6.6% p.a. on average during the next 3 years, while revenues in the Commercial Services industry in the United Kingdom are expected to grow by 5.3%. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 35% per year, which means it has not declined as severely as earnings. Tillkännagivande • Feb 16
Verisk Analytics, Inc. (NasdaqGS:VRSK) acquired 13.3% stake in KYND Limited from CPPGroup Plc (AIM:CPP) for £2.6 million. Verisk Analytics, Inc. (NasdaqGS:VRSK) acquired 13.3% stake in KYND Limited from CPPGroup Plc (AIM:CPP) for £2.6 million on February 15, 2024. Richard Lindley and Lauren Kettle of Liberum Capital Limited acted as financial advisor to CPP Group in this transaction. Verisk Analytics, Inc. (NasdaqGS:VRSK) completed the acquisition of 13.3% stake in KYND Limited from CPPGroup Plc (AIM:CPP) on February 15, 2024. Tillkännagivande • Jan 22
CPPGroup Plc to Report Fiscal Year 2023 Results on Mar 26, 2024 CPPGroup Plc announced that they will report fiscal year 2023 results on Mar 26, 2024 Tillkännagivande • Nov 29
Navneet Gupta, Vikram Singh Nathawat, and Ashish Goyal agreed to acquire remaining 51% stake in Globiva Services Private Limited from CPPGroup Plc for £5.1 million. Navneet Gupta, Vikram Singh Nathawat, and Ashish Goyal agreed to acquire remaining 51% stake in Globiva Services Private Limited from CPPGroup Plc for £5.1 million on November 27, 2023. Globiva reported net assets of £3.6 million as on June 30, 2023. The sale and transfer of ownership will be conducted over a three-year period concluding in Q1 2027. Richard Lindley and Lauren Kettle of Liberum Capital Limited acted as financial advisor to Globiva Services Private Limited. Reported Earnings • Sep 20
First half 2023 earnings released: UK£0.60 loss per share (vs UK£0.057 loss in 1H 2022) First half 2023 results: UK£0.60 loss per share (further deteriorated from UK£0.057 loss in 1H 2022). Revenue: UK£94.0m (up 21% from 1H 2022). Net loss: UK£5.30m (loss widened UK£4.80m from 1H 2022). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Commercial Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. New Risk • Sep 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. 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 Risk Earnings have declined by 33% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Market cap is less than US$100m (UK£13.9m market cap, or US$17.2m). New Risk • Sep 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. 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 Risk Earnings have declined by 33% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Market cap is less than US$100m (UK£13.9m market cap, or US$17.5m). Tillkännagivande • Jul 18
CPPGroup Plc Provides Revenues Guidance for the Six Months Ended 30 June 2023 CPPGroup Plc provided revenues guidance for the six months ended 30 June 2023. Ahead of its interim results, the company confirmed that it expects to report financial results for the six months to 30 June 2023 in line with the Board's expectations. On a reported basis, the board expects revenues from continuing operations to be circa +22% ahead of the prior year, and, on a constant currency basis, to be ahead of the prior year by circa +26%. Reported Earnings • Mar 29
Full year 2022 earnings released: UK£0.017 loss per share (vs UK£0.009 profit in FY 2021) Full year 2022 results: UK£0.017 loss per share (down from UK£0.009 profit in FY 2021). Revenue: UK£170.3m (up 18% from FY 2021). Net loss: UK£153.0k (down 304% from profit in FY 2021). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Commercial Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to UK£2.40, the stock trades at a trailing P/E ratio of 13.3x. Average forward P/E is 21x in the Commercial Services industry in the United Kingdom. Total loss to shareholders of 39% over the past three years. Valuation Update With 7 Day Price Move • Feb 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to UK£1.95, the stock trades at a trailing P/E ratio of 10.8x. Average forward P/E is 23x in the Commercial Services industry in the United Kingdom. Total loss to shareholders of 37% over the past three years. Valuation Update With 7 Day Price Move • Jan 23
Investor sentiment improved over the past week After last week's 20% share price gain to UK£1.32, the stock trades at a trailing P/E ratio of 7.3x. Average forward P/E is 22x in the Commercial Services industry in the United Kingdom. Total loss to shareholders of 58% over the past three years. Price Target Changed • Jan 20
Price target increased to UK£3.05 Up from UK£2.45, the current price target is provided by 1 analyst. New target price is 177% above last closing price of UK£1.10. Stock is down 69% over the past year. The company posted earnings per share of UK£0.0085 last year. Valuation Update With 7 Day Price Move • Nov 18
Investor sentiment improved over the past week After last week's 22% share price gain to UK£1.19, the stock trades at a trailing P/E ratio of 6.5x. Average forward P/E is 26x in the Commercial Services industry in the United Kingdom. Total loss to shareholders of 70% over the past three years. Price Target Changed • Nov 16
Price target decreased to UK£2.45 Down from UK£3.20, the current price target is provided by 1 analyst. New target price is 107% above last closing price of UK£1.19. Stock is down 71% over the past year. The company posted earnings per share of UK£0.0085 last year. Board Change • Nov 16
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Non-Independent & Non-Executive Director Simon Thompson is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Oct 20
Investor sentiment deteriorated over the past week After last week's 22% share price decline to UK£1.13, the stock trades at a trailing P/E ratio of 6.2x. Average forward P/E is 24x in the Commercial Services industry in the United Kingdom. Total loss to shareholders of 79% over the past three years. Reported Earnings • Sep 26
First half 2022 earnings released: UK£0.041 loss per share (vs UK£0.23 loss in 1H 2021) First half 2022 results: UK£0.041 loss per share (improved from UK£0.23 loss in 1H 2021). Revenue: UK£77.9m (up 17% from 1H 2021). Net loss: UK£362.0k (loss narrowed 82% from 1H 2021). Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Commercial Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Price Target Changed • Apr 27
Price target decreased to UK£4.50 Down from UK£6.35, the current price target is provided by 1 analyst. New target price is 85% above last closing price of UK£2.43. Stock is down 55% over the past year. The company posted earnings per share of UK£0.0085 last year. Board Change • Apr 27
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Non-Independent & Non-Executive Director Simon Thompson is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Upcoming Dividend • Apr 07
Upcoming dividend of UK£0.075 per share Eligible shareholders must have bought the stock before 14 April 2022. Payment date: 17 May 2022. The company is paying out more than 100% of its profits and is paying out 99% of its cash flow. Trailing yield: 6.1%. Within top quartile of British dividend payers (4.6%). Higher than average of industry peers (2.0%). Board Change • Apr 02
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Non-Independent & Non-Executive Director Simon Thompson is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Mar 30
Full year 2021 earnings released: EPS: UK£0.009 (vs UK£0.19 loss in FY 2020) Full year 2021 results: EPS: UK£0.009 (up from UK£0.19 loss in FY 2020). Revenue: UK£143.8m (up 1.6% from FY 2020). Net income: UK£75.0k (up UK£1.76m from FY 2020). Profit margin: 0.1% (up from net loss in FY 2020). Over the next year, revenue is forecast to grow 6.1%, compared to a 9.4% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings. Buying Opportunity • Mar 29
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 31%. The fair value is estimated to be UK£3.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% per annum over the last 3 years. The company became loss making over the last 3 years. Board Change • Feb 24
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Director Jason Walsh is the most experienced director on the board, commencing their role in 2016. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Price Target Changed • Jan 19
Price target decreased to UK£4.50 Down from UK£5.97, the current price target is provided by 1 analyst. New target price is 31% above last closing price of UK£3.44. Stock is down 27% over the past year. The company posted a net loss per share of UK£0.19 last year. Executive Departure • Dec 02
Senior Independent Director Mark Hamlin has left the company On the 30th of November, Mark Hamlin's tenure as Senior Independent Director ended after less than a year in the role. As of September 2021, Mark still personally held 14.37k shares (UK£62k worth at the time). A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 5.50 years. Executive Departure • Dec 02
Independent Non-Executive Director Timothy Elliott has left the company On the 30th of November, Timothy Elliott's tenure as Independent Non-Executive Director ended after 4.2 years in the role. As of September 2021, Timothy still personally held only 3.25k shares (UK£14k worth at the time). A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 5.50 years. Reported Earnings • Aug 28
First half 2021 earnings released: UK£0.23 loss per share (vs UK£0.14 loss in 1H 2020) The company reported a soft first half result with increased losses and weaker control over costs, although revenues improved. First half 2021 results: Revenue: UK£66.5m (up 9.5% from 1H 2020). Net loss: UK£2.05m (loss widened 66% from 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Executive Departure • Apr 17
People & Culture Director and Director has left the company On the 16th of April, Justine Shaw's tenure as People & Culture Director and Director ended after 4.7 years in the role. As of December 2020, Justine personally held 21.08k shares (UK£63k worth at the time). A total of 3 executives have left over the last 12 months. Price Target Changed • Apr 02
Price target increased to UK£6.29 Up from UK£5.67, the current price target is an average from 2 analysts. New target price is 11% above last closing price of UK£5.68. Stock is up 137% over the past year. Upcoming Dividend • Apr 02
Upcoming dividend of UK£0.25 per share Eligible shareholders must have bought the stock before 08 April 2021. Payment date: 12 May 2021. Trailing yield: 4.4%. Within top quartile of British dividend payers (4.3%). Higher than average of industry peers (1.6%). Reported Earnings • Mar 25
Full year 2020 earnings released: UK£0.19 loss per share (vs UK£0.12 loss in FY 2019) The company reported a soft full year result with increased losses and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: UK£141.6m (up 1.9% from FY 2019). Net loss: UK£1.68m (loss widened 67% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Mar 16
New 90-day high: UK£5.13 The company is up 76% from a price of UK£2.92 on 16 December 2020. Outperformed the British market which is up 5.0% over the last 90 days. Exceeded the Commercial Services industry, which is up 4.0% over the same period. Simply Wall St's valuation model estimates the intrinsic value at UK£4.04 per share. Executive Departure • Mar 03
Independent Non-Executive Director has left the company On the 28th of February, Nicholas Cooper's tenure as Independent Non-Executive Director ended after 4.8 years in the role. As of December 2020, Nicholas personally held only 1.45k shares (UK£4.3k worth at the time). A total of 2 executives have left over the last 12 months. Executive Departure • Feb 04
Non-Executive Chairman of the Board Richard Lapthorne has left the company On the 31st of January, Richard Lapthorne's tenure as Non-Executive Chairman of the Board ended after 4.7 years in the role. As of September 2020, Richard personally held 67.00k shares (UK£204k worth at the time). Richard is the only executive to leave the company over the last 12 months. Is New 90 Day High Low • Jan 06
New 90-day high: UK£3.08 The company is up 1.0% from its price of UK£3.04 on 08 October 2020. The British market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£4.89 per share. Is New 90 Day High Low • Nov 11
New 90-day low: UK£2.39 The company is down 15% from its price of UK£2.80 on 13 August 2020. The British market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is down 1.0% over the same period. Is New 90 Day High Low • Oct 20
New 90-day low: UK£2.52 The company is down 19% from its price of UK£3.10 on 22 July 2020. The British market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is down 1.0% over the same period. Reported Earnings • Sep 26
First half earnings released Over the last 12 months the company has reported total losses of UK£1.69m, with losses widening by 82% from the prior year. Total revenue was UK£140.6m over the last 12 months, up 18% from the prior year.