On 6 October 2026 the administrators sold the Thatcham distribution centre (£12.9m), other assets (£1.1m) and the Crucial Trading and Concept Flooring brands and IP (£0.9m) to Likewise for £14.9m plus VAT. The assets' book value was c.£10.0m, and the sale has no outstanding conditions. Shareholders are unlikely to receive any return of capital.
Background
Administrators were appointed on 8 September 2026. The Netherlands businesses were sold on 27 August, and subsidiary Ceco (Flooring) went into administration on 30 September. Last-12-month revenue was £498.7m, with an operating loss of £63.5m.
What to watch
A further announcement on the FCA application to cancel the listing (Listing Rule 21.3.5R). Likewise will also sell the remaining inventory as agent over nine months.
Market
The shares are suspended, so there is no reaction. The last close, on 6 October, was 10.5p (market cap ~£8.4m).
On 29 Sep 2026 Jenzabar made an unsolicited, conditional possible cash offer of 111p per share, against the c.105p (£231.2m) Main Capital sale terms. It needs due diligence and committed financing, so an offer is not certain.
Background
On 11 Sep Tribal agreed to sell its businesses to Main Capital's Thames Bidco for c.£189.3m, raised on 27 Sep to c.£231.2m. Holders of over 50% have given irrevocable votes in favour, binding even if a higher offer emerges. The Board unanimously recommends the Main Capital deal.
What to watch
General Meeting on 2 Oct at 9:30am (result not in the material). Jenzabar must announce a firm offer or walk away by 5pm on 27 Oct, extendable by the Panel.
Market
100.0p before the announcement, 102.5p (+2.5%) on 30 Sep, 101.0p on 7 Oct, below both 105p and 111p.
Kestrel Partners LLP reported holding 11,359,066 voting rights (19.15%), up from 18.62%. The threshold was crossed on 17 September 2026 and notified on 29 September. Apex Unitas Ltd holds 17.88% and UBS AG Nominees (Max Royde) 1.27%.
Background
KRM22 raised about £9.2m at 40p in October 2025. Keith Todd held 14.3% after his June 2026 purchase. On 23 September the company announced a £0.9m three-year contract, and its July update put ARR at £7.9m.
What to watch
A further TR-1 would follow if Kestrel crosses the next 1% threshold, 20% upward or 19% downward. Also the results published 30 September (revenue £7.6m, operating loss £0.6m, net cash £4.7m).
Market
The close was 34.5p on 28 September and 34.5p on 30 September (+0.0%). It was still 34.5p on 6 October, below the 40p placing price.
On 28 September 2026 XP Factory sold Boom to F.O Twenty-Four Ltd for up to £11m (about a third of the ~£32.1m market cap): £5m cash upfront plus up to £6m of earn-outs over three years. Net debt falls to c.£3m. Boom's net book value was £21.3m at 29 March 2026.
Background
On 12 May the company reported resilience in tough markets, with underlying EBITDA marginally ahead of revised expectations. Final results followed on 7 September. Panmure Liberum became Nomad and broker on 29 April.
What to watch
Up to £1.5m of earn-out is payable in January 2027, based on calendar Q4 2026 sales. By end FY27 the group targets 28 UK sites, run-rate sales of at least £18.5m, central costs of no more than £4m and EBITDA of at least £4m.
Market
The shares closed at 18.0p before the announcement and at 18.0p on 29 September (+0.0%). They stood at 17.8p on 7 October.
On 17 Sep, Harwood Capital LLP and Oryx International Growth Fund notified a holding of 40.65m voting rights (29.785%), up from 20.0765%. The threshold was crossed on 15 Sep. Oryx holds 29.5652% and Harwood Capital LLP holds 0.2198%.
Background
Pebble has filed frequent TR-1 notices since April, the latest on 16 Sep. Half-year results came on 8 Sep and a buyback update on 9 Jul. Last-12-month revenue is £126.8m, operating profit £5.9m and net debt (ex leases) £1.2m.
What to watch
Further TR-1 filings. The Takeover Code's 30% mandatory-offer threshold (Rule 9) is 0.215 percentage points above the stake.
Market
Closed at 67.0p on 16 Sep and 67.0p on 18 Sep (+0.0%). Latest close is 58.5p (7 Oct).
On 11 September 2026, Nasdaq-listed Circle8 Group confirmed it has submitted a proposal for all of SThree (market cap ~£351.8m) in a possible all-cash offer. No price was disclosed, and it is not a Rule 2.7 firm offer.
Background
On 9 September SThree said it had received an "unsolicited, preliminary and highly conditional approach" from Circle8, following media speculation. SThree's last-12-month revenue is £1,252.2m, operating profit £19.6m and net cash ex leases £43.0m.
What to watch
Rule 2.6(a) deadline of 5.00 p.m. on 7 October 2026 for a firm offer (Rule 2.7) or a no-intention statement (Rule 2.8); the Takeover Panel can extend it.
Market
Closed 294.5p on 10 September, then 298.0p (+1.2%) on 14 September; latest close 300.0p on 7 October.
Harwood Capital LLP and its funds (Oryx International Growth Fund, Rockwood Strategic) reported 21.029% of voting rights (23.2m shares) after crossing a threshold on 4 Sep 2026, up from 20.914%. The notice was filed on 7 Sep.
Background
This is the latest of several TR-1 filings in 2026 (31 Mar, 2 Apr, 8 Apr, 22 Apr, 7 Jul, 15 Jul). On 15 Jul the company issued shares on option exercises and published a new total voting rights figure. The group has revenue of £40.5m, an operating loss of £0.3m and net debt ex leases of £1.7m (results of 16 Sep 2026).
What to watch
Further TR-1 notices, which are due when the holding crosses a whole-percentage threshold, here 22% upward or below 21% downward.
Market
The shares closed at 12.8p on 4 Sep and 12.8p on 8 Sep (0.0%). The latest close, on 7 Oct, was 10.0p, 21.9% below the pre-announcement price.
On 20 August 2026, Executive Director Keith Todd bought 350,000 shares at 28p (about £98,000) via a joint account with his wife. His holding is now 8,856,814 shares, or 14.9% of the company.
Background
On 12 June, Todd's holding was 8,481,814 shares (14.3%), and he made another purchase on 4 August. Garry Jones also reported a purchase on 20 August, taking him to 1.0%. The 29 July trading update showed ARR up from £7.6m to £7.9m. The October 2025 placing was at 40p.
What to watch
Any further PDMR notices from Todd. A TR-1 filing is normally due if his holding crosses 15%.
Market
The shares closed at 27.0p on 20 August, then at 29.5p on 24 August (+9.3%). The latest close, on 6 October, was 34.5p.
On 6 Aug 2026 Wellnex agreed to sell Pain Away to Mentholatum (Rohto group): A$19.8m at completion plus an earn-out of up to A$1.5m, so up to A$21.3m in total. Proceeds will repay all borrowings of about A$10.2m. Market cap was ~£4.0m.
Background
In Feb 2026 the company disclosed unsolicited interest in the brand. Pain Away contributed A$13.38m revenue and A$4.36m EBITDA in FY25 (unaudited). Repayment of ~A$2.88m of loans to former directors was extended in April, then again to completion.
What to watch
General meeting on 8 Sept 2026 (AIM Rule 15 approval), with completion targeted on or shortly after approval. Also the board's decision on surplus cash, including a possible return of capital.
Market
Closed at 3.2p on 5 Aug and 5.5p on 7 Aug (+69.2%). Latest close (6 Oct): 5.5p.
FIH has exchanged conditional contracts to sell Momart to Compagnie Générale du Roumois for £7.6m in cash, about half its ~£15.0m market cap. Momart made an underlying pre-tax loss of £1.4m in the year to 31 March 2026 and had net assets of £2.1m.
Background
The board began a strategic review in the half-year accounts for the year to 31 March 2025. It sold the Portsmouth Harbour Ferry Company (2 March 2026) and updated on disposal returns and a further shareholder return (22 May 2026). Aggregated, the disposals count as a fundamental change of business under AIM Rule 15. Falkland Islands Company would be the only remaining division.
What to watch
The circular and the general meeting on 28 August 2026 at 2:00 p.m. (ordinary resolution). Completion is targeted for 30 September 2026. Proceeds are likely to be split between a shareholder return and retention in the Group.
Market
The share price rose from 107.5p to 135.0p at the next close (+25.6%). It was 130.0p on 7 October 2026.
On 21 July 2026 Billington announced three wins worth about £28m combined: education (£6m), energy from waste (£12m) and defence (£10m). That equals roughly 26% of last-12-month revenue of £107.9m. The £10m defence contract is only an initial limited instruction so far.
Background
The 1 April 2026 contract-win update and the 21 April full-year results came first. Before that, the Yate facility closed in November 2025 (proposed 14 October). Operating profit is £1.9m, with net cash ex leases of £12.6m.
What to watch
Whether the defence instruction becomes a full order, which the company expects "in the near term" but without a date. Delivery is mostly in 2027.
Market
The shares closed at 430.0p on 20 July and 425.0p on 22 July (-1.2%). The latest close, on 7 October, was 455.0p.
Most significant: the size of an event against the company (market value, revenue), who is involved and what
happened before. Context is written by AI from the announcements and our data – check the source. Not investment advice.