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
CLACelsius Resources Limited
Celsius is in discussions with potential replacement Filipino partners regarding the...
Sodor 60% MCB interest transfer · Arbitration continues; replacement partner talks
next: Arbitration outcome on Sodor and PMR payment rights
KMRKenmare Resources (CDI)
Securing the renewal of Moma’s Implementation Agreement remains a key priority and we...
Moma Implementation Agreement extension · Talks continuing; near-term conclusion sought
next: Conclusion of IA renewal
BANKFiinu
Everfex SPA non-compete dispute · Indemnity notice issued; Polish court process starting
next: Court decision on restructuring; pursue SPA...
SAVESavannah Energy
SCI and SMIL arbitration claims · Suspended; publication slipped to October
next: publish FY 2025 Annual Report and H1 2026 results
WPHOWindar Photonics
Accounting irregularities and suspension · Controls being strengthened; report awaited
next: Investigator's written report
TLWTullow Oil
Ghana tax disputes and receivables · Historic gas receivables recovered
HFGHilton Food Group
Foppen US shipment disruption · Restrictions ongoing; exceptional costs continue
next: FDA feedback on submission
GDPGoldplat
Ghana by-product export decree · Permit and licence renewed; upgrade spend done
ZENZenith Energy LTD.Com Shs
Tunisian authorities dispute and oil confiscation · Post-hearing briefs; Tunisian assets impaired in audited accounts
NOGNostrum Oil & Gas
Kazakhstan withholding tax disputes · Restrictions on secured assets continue
KZGKazera Global
Aftan arbitration award enforcement · Initial US$500,000 received
ICFGICFG Limited
FY25 audit delay and suspension · Audited accounts published; suspension lift sought
PXCPhoenix Copper Limited
Board investigation into Chair and CFO · Early-stage proceedings; $40,000 recovered
SBTXSkinBioTherapeutics
FY25 accounts restatement and financial review · Restated results published; shares restored 8 June
SMWHWH Smith
Prior-year accounting restatement · Ongoing; company cooperating
BIGBig Technologies
Sara Murray proceedings · New libel claim served against the Company
HERCHercules Plc
FY25 audit delay and suspension · CFO change during control remediation
RATRathbones Group
FCA Consumer Duty remediation · Remediation under way; Risk Committee chair succession set
VANQVanquis Banking Group 20
FCA motor finance redress scheme · Exposed to Scheme 2 only; provision unchanged £3.0m
NFGNext 15 Group
Mach49 arbitration and going concern · Hearing completed; awaiting ruling
AOTIAOTI, INC.
Arizona Medicaid reimbursement dispute · Treatment ceased; recovery actions ongoing; covenants revised
GLRGalileo Resources
Luansobe licence cancellation dispute · Legal position held; seeking amicable resolution
PACSPACSCo Limited
Delayed 2025 annual accounts · Suspension from 1 October 2026
RRRRed Rock Resources
DRC court judgment and settlement · Progressing; team on site since April
JIMJarvis Securities
Client redress scheme · Not addressed; JIML now in administration
PDLPetra Diamonds Ltd.
HMRC winding-up petition, PDUK Treasury · Winding-up order made 14 October 2026
SOUSound Energy
Sidi Moktar licence and ONHYM claim · Unresolved; farm-out sought, spend fully impaired
TRSTTrustpilot Group
Italian AGCM consumer-code probe · AGCM fine now booked in H1'26 non-recurring items
ZENZenith Energy LTD.Com Shs
ICC-2 annulment application · Pending at Swiss Court; ECHR route added
TIGTeam Internet Group plc
Antitrust damages claim · Claim pursued; outcome and timing uncertain
KDNCCadence Minerals
Sonora concession cancellation arbitration · ICSID case registered; tribunal being constituted
MCGMobico Group
WMATA contract dispute · WMATA terminated contract 12 May; litigation ongoing
ENWEnwell Energy
Licence suspensions and ICSID arbitration · Suspensions in force; arbitration ongoing
CRUCoral Products
Undisclosed director related party transactions · Disclosed under AIM Rule 13; independent directors deem terms fair
KRPZKropz
AIM suspension over late accounts · Suspension from 1 October 2026
TLWTullow Oil
Ghana tax arbitration · ICC award against Tullow, 30 Sep 2026
TBLDTinybuild Inc.
Max Ent Games royalty lawsuit · Lawsuit filed 11 August 2026
FUMFutura Medical
Eroxon European patent opposition · Revoked by Opposition Division; appeal intended
LEXLexington Gold Ltd
Pol Sun legal claim against WRE · Proceedings stayed; company sees remote risk
CTACT Automotive Group
Prior-year accounting restatement · FY24 restated; review says no further adjustments
DCIDCI Advisors Ltd
Cyprus tax disputes · Three of four tax files close to resolution
A tile opens the situation in the side panel.