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
WPHOWindar Photonics
new CEO Andreas Berg Nielsen created and is implementing a clear three-wave plan to...
Three-wave reset plan · Wave one under way
next: Deliver wave one: controls, quality fix, CRM...
TTGTT Electronics
Board now expects 2026 full year adjusted operating profit to be ahead of current...
Turnaround plan · Delivering; 2026 profit guidance raised
next: H2 delivery: organic revenue growth and cash...
TEAMTeam
The long-stop date for the Acquisition is 31 March 2027.
Path to cash breakeven · Hedley & Co contracts exchanged; awaiting FCA approval
next: FCA approval and completion of Hedley & Co · 31 Mar
PZCPZ Cussons
St.Tropez turnaround · Retained; US recovering, UK/Europe still declining
next: UK and Europe return to growth; new brand...
LSLLSL Property Services
Group-wide transformation programme · Launched, starting with Finance and Procurement
next: benefits build through 2027
KIEKier Group
Strategic priorities update · Priorities and medium-term targets published
next: Deliver against medium-term targets,...
VTYVistry Group
New CEO operational review · Review complete; resizing plan being executed
next: New CFO appointment announced imminently
SATSSatsuma Technology PLC
Cost reduction and reset plan · Ended: all Bitcoin sold after vote
DNLMDunelm Group
Winning Hearts & Homes plan · Early implementation; cost removal begun
next: Q2 trading update · 14 Jan
NANONanoco Group
Leadership change and cost reset · Cost base reduced; further cuts under review
next: final results for year to 31 July 2026,...
STVGSTV Group
Studios portfolio review · Portfolio review underway; impairment booked
next: decisions on several material commissions in...
CSCChesterfield Special Cylinders Holdings plc
Cost reduction and defence refocus · Board changes done; further savings targeted
next: deliver further cost savings of at least £0.3m
OMGOxford Metrics
Cost optimisation programme · Expanded; ahead of 2027 plan
next: FY27 delivery of c.£1.5m net savings
FOXTFoxtons Group
Sales repositioning and cost programme · £4.5m annualised savings implemented; benefit H2-weighted
SPSCSpectra Systems Corporation (DI/REGS)
CSP restructuring · UK phase done; France phase underway
YOUYouGov
Value Delivery Plan · Wave 1 done; Wave 2 ahead of plan
SYS1System1 Group
Cost optimisation and efficiency plan · Savings delivered; margin benefit expected FY27
KETLStrix Group
Cost optimisation programme · On track to beat £2.0m target
CPH2Clean Power Hydrogen
IP monetisation and strategic alternatives · Licensing model executing; Hidrigin deal reshaped
TRITrifast
Malaysia manufacturing closure · Exit done; supports leaner operating model
ACRMAcuity RM Group
Cost-led turnaround to profit · Near breakeven; defence programme orders widening
OPTIOptiBiotix Health
Cost reduction and commercial sustainability plan · Cost cuts delivering in H1; more due H2
ARBBArbuthnot Banking Group
Wealth Management optimisation · Fund range launched; FUMA reached £3.0bn
ULTPUltimate Products
Commercial function overhaul · Restructuring costed; H2 revenue flat
SNXSynectics
Product-led software transformation · Early benefits emerging; on track
CLBXCelLBxHealth plc
Restructuring and turnaround · Costs cut; CEO search under way
TEPTelecom Plus
Five-year multiservice growth plan · Early progress; FY27 guidance reiterated, H2-weighted
SAASMicrolise Group
Accelerated FY26 investment programme · Progressing; H1 margin 13.2%
BILNBillington Holdings
Yate closure, Barnsley consolidation · Consolidation done; Yate vacated, marketed for sale
RBNRobinson
Refreshed Group strategy and reorganisation · New functional structure largely complete
PAYPayPoint
Capital Markets Day strategy update · Held on 29 September 2026
TRUTrufin
Satago turnaround · EBITDA profitable since June 2026
MGAMMorgan Advanced Materials
Operational effectiveness and growth strategy · Executing: two site turnarounds, ERP at 13 sites
VCTVictrex plc
Profit Improvement Plan · Folded into five-year Optimise plan
GBGGB Group
Americas Identity turnaround · Setback: attrition, leader departed
TIDECrimson Tide
Turnaround and churn reduction · Rebuild under way; more renewals secured
CKTCheckit
Cost reset and return to growth · Standalone two-year value-creation framework
LPALPA Group
One-LPA turnaround · Aviation distribution channel added
FADLFadel Partners Inc
Cost restructuring and path to profitability · H1 loss narrowed 53% to $1.1M; still loss-making
NAHNAHL Group
Bush & Co growth plan · Case management model being adapted
MAIMaintel Holdings
Transformation programme · Final phase: Operations restructure planned for H2
BGOBango
Low margin transactional routes · Ahead of plan, completing this year
RWARobert Walters
Cost savings and portfolio management · Run rate c.£22m; cash lower, facilities added
TONTiton Holdings
Turnaround and 2028 targets · FY26 guidance cut; recovery pushed to FY27
TMGThe Mission Group
Agency consolidation and simplification · Net bank debt £11.0m; H2 reduction expected
BANKFiinu
Everfex integration and governance overhaul · Everfex in court restructuring application; no bankruptcy order
IHPIntegraFin Holding
Group-wide cost review implementation · Reiterated; H2-weighted savings confirmed for FY26
TSTTouchstar
Management restructuring and transformation · 2026 transition year; execution phase starting
GTLYGateley (Holdings)
Margin improvement to 13.5% · Ambition kept; FY26 margin fell to 11.1%
FUTRFuture
Growth strategic initiatives roadmap · 8 of 11 initiatives launched; asset review ongoing
SFRSeverfield
Strategic review and transformation · Refreshed strategy; FY27 transition year on plan
MERCMercia Asset Management
Mercia '27 growth targets · Year two done; divestment target slipping
TPXTPXimpact Holdings
Three-year turnaround plan · Growth phase; FY27 guidance upgraded 15 Oct 2026
WYNWynnstay Group
Project Genesis restructuring · Delivering benefits; loss-making sites closed, GrainLink unified
CFYNCaffyns
New car performance turnaround · Actions to cut costs and lift orders under way
PNNPennon Group
Wastewater pollution reduction plan · Pollutions down c.34%; EPA 1* provisional
DEBSBoohoo Group
Marketplace turnaround · H1 growth accelerated; marketplace mix 38.9%
VP.VP
Brandon Hire Station repositioning · Restructure done; performance improving, exceptional costs booked
ADFFacilities by ADF
Cost reduction and integration · Further H2 cost actions begun; margin falling
PETSPets at Home Group
Retail turnaround plan · Gaining traction; Q1 FY27 Retail sales up
MCGMobico Group
Group cost reduction programme · On track; target now £100m annualised savings
AXSAccsys Technologies
FOCUS growth strategy Phase 1 · Company says still on track for FY27 targets
THRUThruvision Group
Pricing and cost reset · Initial savings achieved early FY27
CMCXCMC Markets
Cost relocation to lower-cost jurisdictions · FY2027 operating costs unchanged at about £280m
DOCSDr. Martens
Levers for Growth strategy · Scale phase, on track in early FY27
ZOOZoo Digital Group
Post-restructuring turnaround · Restructuring complete; board refresh continuing
WKPWorkspace Group
Fix, Accelerate and Scale turnaround · Execution; Q2 occupancy dip, early pricing wins
BOYBodycote
Optimise programme and plant closures · 27 of 31 closures complete; scope expansion explored
FGPFirstGroup
Business restructuring savings · c.£9m of £15m delivered
CRPRCropper (James)
Paper & Packaging turnaround · Particularly strong period, momentum building on H2 FY26
MSLHMarshalls
Landscaping performance improvement plan · Moving from reset to delivery; profit recovering
AVONAvon Technologies plc
STAR strategy and margin target · New phase: Improve. Grow. Compound.
VSVSVesuvius
Structural cost reduction programme · On track; £7.4m delivered in H1
SSPGSSP Group
Multi-year strategic roadmap · New £50m buyback started after £100m completed
PTSBPermanent TSB Group Holdings (CDI)
Cost reduction and transformation programme · On track; costs 1% lower
ELMElementis
Elevate Elementis cost savings programme · $6.5m of net $10m target delivered
FORGForgent PLC
Cost reset and leadership overhaul · Australian strategy approved at AGM
SYNTSynthomer
Cost savings programme · c.£13m delivered in H1 2026
HTGHunting
EMEA restructuring · Near completion; Fordoun closing September
MACFMacfarlane Group
Distribution performance improvement · Organic profit growth; margin 4.6%
MINDMind Gym
Three-year transformation strategy · Year three; recurring revenue growing, trading weak
WNXWellnex Life Limited
Two-pillar strategy and cost reset · FY26 audited: loss cut, cash positive in 2H
DATAGlobaldata
Growth Transformation Plan execution · Plan concluding; FY26 margin guided at H1 level
SDGSanderson Design Group
Manufacturing turnaround via Future Factory · Profitable growth; positive H2 order book
A tile opens the situation in the side panel.