TPXimpact Holdings (TPX): Three-year turnaround plan

This situation live

TPX TPXimpact Holdings

£88m · 96.5p · +533% since the first step

2 Dec 2025 · Nearing completion; profitability up, debt down · +29% until the next step Following the successful execution of the current three year plan at the end of this year, the Board expects to lay out the next medium term plan for the Group and will articulate this alongside full

11 Feb 2026 · Management says turnaround executed; now focusing on growth · +16% until the next step demonstrates the progress we have made following the successful execution of our turnaround plan. As we now focus on growth and acceleration

12 Feb 2026 · Turnaround executed; growth wins building (NHS England, DEFRA) · +6% until the next step This strategic award builds upon TPXimpact's existing position as an incumbent provider for User-Centred Design (UCD) roles within the department.

17 Feb 2026 · Growth wins building: NHS England, DEFRA, HMLR · +17% until the next step TPXimpact is scheduled to report its Q3 trading results on Tuesday, 24th February, offering insights into our latest financial performance and strategic milestones.

24 Feb 2026 · FY27 budget being finalised · +58% until the next step The Group is finalising its FY27 budget and looks forward to unveiling a comprehensive three-year plan that will define our next chapter of growth.

16 Jun 2026 · Turnaround complete; growth phase FY27 starting · +16% until the next step A strong set of results for FY26 marks the successful conclusion of the Group's three-year turnaround plan, providing a strong foundation for accelerated growth in FY27 and beyond.

10 Aug 2026 · Growth phase; new £25m MoJ award provisional · +0% until the next step A further announcement on this will be shared in due course.

13 Aug 2026 · Growth phase; £25m MoJ contract now signed · +28% until the next step Initial 3-year term from 3 August 2026 to 2 August 2029, with an option to extend for a further 12 months to August 2030 (totalling up to 4 years).

15 Oct 2026 · Growth phase; FY27 guidance upgraded 15 Oct 2026 · +2% since The Group enters the second half of the financial year with positive momentum, a strengthened balance sheet and improving operational leverage.

Turnaround plan with targets

Three-year turnaround plan

Growth phase; FY27 guidance upgraded 15 Oct 2026

NOV10 Next: H1 FY27 preliminary results in 17 days

Every step · 9

2 Dec 2025 Nearing completion; profitability up, debt down – Following the successful execution of the current three year plan at the end of this year, the Board expects to lay out the next medium term plan for the... ↗
11 Feb 2026 Management says turnaround executed; now focusing on growth – demonstrates the progress we have made following the successful execution of our turnaround plan. As we now focus on growth and acceleration ↗
12 Feb 2026 Turnaround executed; growth wins building (NHS England, DEFRA) – This strategic award builds upon TPXimpact's existing position as an incumbent provider for User-Centred Design (UCD) roles within the department. ↗
17 Feb 2026 Growth wins building: NHS England, DEFRA, HMLR – TPXimpact is scheduled to report its Q3 trading results on Tuesday, 24th February, offering insights into our latest financial performance and strategic milestones. ↗
24 Feb 2026 FY27 budget being finalised – The Group is finalising its FY27 budget and looks forward to unveiling a comprehensive three-year plan that will define our next chapter of growth. ↗
16 Jun 2026 Turnaround complete; growth phase FY27 starting – A strong set of results for FY26 marks the successful conclusion of the Group's three-year turnaround plan, providing a strong foundation for accelerated... ↗
10 Aug 2026 Growth phase; new £25m MoJ award provisional – A further announcement on this will be shared in due course. ↗
13 Aug 2026 Growth phase; £25m MoJ contract now signed – Initial 3-year term from 3 August 2026 to 2 August 2029, with an option to extend for a further 12 months to August 2030 (totalling up to 4 years). ↗
15 Oct 2026 Growth phase; FY27 guidance upgraded 15 Oct 2026 – The Group enters the second half of the financial year with positive momentum, a strengthened balance sheet and improving operational leverage. ↗

What is happening

TPXimpact Holdings: Three-year turnaround plan – Growth phase; FY27 guidance upgraded 15 Oct 2026. ['Growth phase; FY27 guidance upgraded 15 Oct 2026']

In short: The three-year turnaround was declared complete with FY26 results on 16 Jun 2026, with FY27 guidance of EBITDA of at least £12m. The £25m MoJ contract was signed on 13 Aug 2026. On 15 Oct 2026 the H1 trading update showed revenue of at least £57.0m and EBITDA of at least £7.5m, net cash of £1.0m, and guidance raised to revenue of at least £105m and EBITDA of at least £14m.
Announced: 2 Dec 2025 · Nearing completion; profitability up, debt down
Latest: 15 Oct 2026 · Growth phase; FY27 guidance upgraded 15 Oct 2026
Term: 3 Aug 2026 to 2 Aug 2029, option to extend 12 months to Aug 2030
New business FY27: £58m in first four months, up from £31m in first two months
FY27 guidance: EBITDA not less than £12m; healthy double-digit revenue growth (16 Jun 2026)
H1 revenue: at least £57.0m, up at least 57% (H1 FY26: £36.2m)
H1 adj. EBITDA: at least £7.5m, margin ~13% (H1 FY26: £3.2m, 8.8%)
Net cash: £1.0m at 30 September 2026, versus £4.2m net debt at FY27 opening
FY27 revenue guidance: at least £105m (previously healthy double-digit growth)
FY27 EBITDA guidance: at least £14m (previously not less than £12m)

What comes next

H1 FY27 preliminary results (10 Nov 2026).

From the company's own announcements. Not investment advice.

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