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UK small-cap RNS · 11 Feb 2026

Every announcement of UK small & mid caps under £2bn. The ones that started or moved a situation are marked – a click opens it.

Key = all announcements except routine filings (voting rights, buybacks, holdings, director forms), plus the ones that are part of a situation. Not investment advice.

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  1. 15:19
    Holding(s) in Company Holding
  2. 14:45
    Company update
    Audit of 2024/25 accounts is expected by 20 February, a step towards publishing accounts and requesting a return to trading. A possible reverse takeover could still hold up trading, and an FCA preliminary enquiry adds uncertainty.
    Balance-sheet stress / refinancing outlook mixedfirst in 6 months +0.0% on the day
    Moved: Reorganisation under RMD Group: Management reshuffled; return to trading pending → Audit due; RTO may delay return · Suspension, going concern and pledged shares: Shares suspended since 1 August 2024 → Shares suspended; FCA preliminary enquiry open · new: Impaired Texas assets review – Site visit done; management report pending
  3. 10:22
    Holding(s) in Company Holding
  4. 07:00
    Appointment of Chief Financial Officer Board change
    A permanent CFO replaces the interim post-search, closing a gap since 1 November 2025 as the new CEO reshapes strategy. Page's ISG role is disclosed, but no Severfield effect is stated.
    Turnaround plan with targets −1.7% on the day
    Moved: Strategic review and transformation: Modular Solutions discontinued; wider strategy update due 2026 → Permanent CFO appointed; wider strategy pending
  5. 07:00
    VP VP. £207m
    Trading Update Trading update
    Cuts FY26 profit to £26-29m after November's 'in line with market expectations' stance, as a muted January restart and slower AMP8 water spend hit the fourth quarter; no offset is stated.
    Turnaround plan with targets below expectationsoutlook negative, lowered −11.6% on the day
    Moved: Brandon Hire Station repositioning: Announced; execution under way → Good progress; branches cut to 41, c.400 headcount reduction
  6. 07:00
    Tulu Kapi Update
    TKGM enters into US$20 million Equity Ranking Royalty with Chancery Royalty
    Project milestones outlook positive +10.1% on the day
    Moved: Tulu Kapi project financing and construction: Loan signed; equity documents in final stage → Funding effectively covered; construction mobilising
  7. 07:00
    Trading Update Trading update
    Gattaca plc, the specialist staffing solutions business, is pleased to provide the following trading update for the six months ended 31 January 2026 ("H1 26").
    Upgrade / downgrade cycle ahead of expectationsfirst since Oct 2023 +3.3% on the day
  8. 07:00
    Trading Update Trading update
    Revenue now c.$280-285m, above the $270-280m range, with margin at c.4% and adjusted profit above consensus. After a weak H1 (revenue down 13%), this is a real raise, not a confirmation.
    Capital return ahead of expectationsoutlook positive, raisedfirst since Oct 2023 +25.7% on the day
    Moved: Maintain cash in excess of $40m in FY2026.: delayed → changed – Cash now expected at c.$55-60m, well above the previous $40-45m guidance, so the earlier 'delayed' status no longer holds. · Beyond FY2026: 0-5% annual revenue growth, 4-5% adjusted operating margin and ab: pending → on_track – Beyond-FY2026 outlook is unchanged: 0-5% revenue growth and 4-5% margin. Cash generation is now given as $6-8m a year. · CEO recruitment: Recruitment underway → Recruitment still underway
  9. 07:00
    £22m NHS England contract
    A £22m, 2-year NHS England award won in competitive tender is large against H1 revenue of £36.2m. It gives visible public-sector work as the turnaround moves to growth, though the new business wins in H126 were lower year on year.
    Turnaround plan with targets £22.0m · 24% of mcapfirst since Oct 2023 +5.7% on the day
    Moved: Three-year turnaround plan: Nearing completion; profitability up, debt down → Management says turnaround executed; now focusing on growth
  10. 07:00
    Notification of contract wins
    Ganymede wins an 8-year safety critical and contingent labour supply contract with Southern Renewals Enterprise and gets a 12-month E.ON extension, adding longer-term earnings streams, though as framework contracts with no guaranteed revenue.
    Upgrade / downgrade cycle first since Oct 2023 +8.7% on the day
    Moved: new: Ganymede rail and energy contracts – SRE 8-year award; E.ON extended 12 months
  11. 07:00
    Launch of Indonesian Subsidiary with Local Partner
    · Eco Buildings to establish a new subsidiary, Eco Buildings Indonesia LLC, to address major modular housing demand in Indonesia.
    Project milestones outlook positive +9.0% on the day
    Moved: new: Indonesia subsidiary and production line – Binding MOU signed; subsidiary being set up

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