Situations
Every special situation in UK small & mid caps, read from the companies' own announcements – takeover approaches, disposals, activists, capital returns, project milestones, turnarounds and more – each one tracked from the first announcement to the outcome. Shown: what is open and undecided; 29 recommended offers and paid returns sit under Deals in progress.
Larger tile = more significant for the company
Shadeearlyunder waydone / eventended
new announcement in the last 2 days
NOGNostrum Oil & Gas
The SUN proposals received the required creditor approval, including support from...
Delayed SSN and SUN coupon payment · SSNs redeemed; SUN purchase pending
next: Announce SUN purchase amount and price; pay...
PDLPetra Diamonds Ltd.
The Company is assessing the implications of the Petition for the Group's financing...
Net debt and facility headroom · Refinancing talks under added pressure from winding-up order
next: Non-binding refinancing terms by end October 2026 · 31 Oct
THRUThruvision Group
Going concern and cash runway · Backlog doubled; cash down to £1.6m
next: FY27 interim results; delivery of H2 backlog...
GTEGran Tierra Energy Inc. (CDI)
October 2026 notes amortization · 2031 Notes consent in hand; sale closing pending
next: Closing of the Sale, when the 2031 Notes... · 31 Dec
SKAShuka Minerals
Limited cash and GMI funding reliance · GMI loan now convertible, partly converted; Menel funding
next: Further funding for Rukwa restart capex and...
MEXTortilla Mexican Grill
Covenant waivers after French restatement · Net debt rising; suspension and covenant status not updated
TAPTap Global Group Plc
Cash and cost pressure · Placing completed; cash still thin
MTCMothercare
Debt facility covenant breach · Solvency still highly uncertain; £0.8m dividend noted
next: outcome of strategic review and solvency assessment
VCPVictoria
Refinancing of 2028 senior secured notes · Circular posted; general meeting called for 5 October
LENDSancus Lending Group Limited
Funding facility capacity and maturity · Reliance on Somerston funding continues
PPPPennpetro Energy
Suspension, going concern and pledged shares · CLN4 agreed; conversion blocked pending AGM vote
FUMFutura Medical
Going concern and funding · Fundraise enlarged to £1.8m; vote pending
TRLSTrellus Health
Cash runway and fundraising · Notice of intention to appoint administrators filed
VASTVast Resources
Alpha and Mercuria loan default · Funding in place; settlement of loans pending
SNTSabien Technology Group
Going concern uncertainty · Recapitalisation dropped; PGL support not committed
KOSKosmos Energy
2026 and 2027 debt maturities · RBL refinancing under way, targeted Q4
KZGKazera Global
Director loan facility refinancing · Funding strengthened; Tracarta loan still unresolved
ANGSAngus Energy
Debt restructuring and going concern · Documentation unsigned; completion 'close'; shares suspended
CREOCreo Medical Group
Path to self-sustaining cashflows · Going concern uncertainty; seeking short-term financing
PRISPristine Capital
Funding and legal action · Deeds signed; fundraise and settlement await vote
RRRRed Rock Resources
Going concern uncertainty · Small discounted placing; cash inflows delayed
KP2Kore Potash
Going concern and funding gap · Cash US$7.54m at 30 June 2026
KMRKenmare Resources (CDI)
RCF covenant amendment talks · RCF upsized and covenants adjusted
TRAFTrafalgar Property Group
Funding and going concern pressure · Shareholder approvals passed; subscription imminent
ICFGICFG Limited
InvesCore dividend deferral · Covenant breaches ongoing; one waiver only
NWTNewmark Security PLC
Net debt and financing · Net debt £4.8m at year-end; Safetell exit completed
RCGHRC365 Holding
Liquidity and going concern · New CFO in place; funding need still open
CHLLChill Brands Group
Liquidity and funding constraints · Cash £37,075; reliance on shareholder loan facility
LITLitigation Capital Management Limited
Going concern and run-off debt · Material uncertainty; another case lost
OBDOxford Biodynamics
Funding requirement by late August · Placing completed; £250,000 still outstanding
CHSSWorld Chess
Going concern and funding · Cash €7k; €350k loan agreed; €6m facility undrawn
VZLAApertura Energy Plc
Going concern material uncertainty · Directors now see adequate resources after April raise
UFOAlien Metals Limited
Bennelong funding facility refinancing · Extension to Sep 2027 and larger drawdown expected shortly
BIHBoston International Holdings
Share suspension over late accounts · Still suspended; interims deadline also missed
DKLDekel Agri-Vision
Debt restructuring and strategic options · First tranche of New Bond completed
BMVBluebird Merchant Ventures
Liquidity and related-party funding · Conversion agreed; awaiting admission
CFYNCaffyns
HSBC covenant waivers and reset · HSBC review date extended to April 2028
DISDistil
Ardgowan funding gap · Recapitalisation agreed; conditions outstanding
MYXMyCelx Technologies Corporation
Liquidity and bridge financing · CEO bridge loan agreed, up to $500K
TANDTan Delta Systems
Cash runway and funding need · Cash £0.85m; funding requirement flagged
AEGActive Energy Group
Funding and going concern · Talks ongoing; no binding agreement
DISDistil
Delayed accounts and share suspension · Suspension from 1 October 2026
AMPAmpeak Energy Limited
Group funding requirement · Cash £3.6m at 30 June; seeking funding
TIGTeam Internet Group plc
Leverage and net debt reduction · Leverage 3.9x; net debt expected to fall
GEXGeorgina Energy plc
Going concern and funding · Material uncertainty flagged by auditor
GLRGalileo Resources
Working capital convertible facility · Facility signed; undrawn; fee shares admitting
MCGMobico Group
Leverage reduction options review · Advisers evaluating options; update in H2 2026
PXCPhoenix Copper Limited
NIU anti-dilution warrants and bond commitment · 29.2m extra warrants agreed; more due
A tile opens the situation in the side panel.