REG - Adsure Services PLC - Trading and Corporate Update

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RNS Number : 9821F  Adsure Services PLC  04 November 2025

4 November 2025

 

Adsure Services PLC

("Adsure" or the "Company")

Trading and Corporate Update

Adsure Services PLC ("Adsure"), the holding Company for TIAA Limited
(together, "the Group"), a specialist business assurance provider, is pleased
to provide the following corporate update.

 

Since the beginning of the financial year 1 April 2025, TIAA Limited's
orderbook has grown by double digits on a percentage basis compared to the
same period last year. Orderbook growth was driven by both one-off pieces of
work and long-term contracts that add to our recurring revenue base. These
orders will be recognised as revenue upon service delivery.

 

'Fit for the Future' strategy

 

Following the agreement with K10 Vision announced 24 February 2025, the audit
working paper software has been fully integrated and launched on 1 November
2025. Implemented as part of our 'Fit for the Future' strategic initiative,
the K10 Vision software represents our commitment to advancing our
technological capabilities, improving internal efficiencies and ensuring we
remain positioned to meet the evolving needs of our clients in an increasingly
dynamic market environment.

 

The development of the Group's 'TIAA Insight' proprietary Large Language Model
(LLM) AI tool continues apace and has entered client testing. We look forward
to announcing updates in due course.

 

Housing sector expansion

 

Following Angela Ward's appointment as TIAA Limited's housing sector lead in
January 2025, we have enjoyed substantial growth in the work we undertake in
the housing sector and have been successful in expanding our market share.
Since January 2025, client numbers have increased by approximately 20% to over
130 individual client organisations. The new client contracts comprise 39%
recurring contracts and 61% grant work and advisory engagements. A particular
area of strength has been our grant work, specifically the audit of government
grants from Homes England.

 

Education sector contract wins

 

We have secured three new university clients worth a total of £159,800 over
the 2025/2026 academic year as part of TIAA Limited's evolution to increased
market share of higher value contracts within the education sector. Notably,
the contract wins are term recurring contracts with higher daily rates than
our existing average, demonstrating market confidence in the quality of our
service offering. The commencement of these new engagements aligns with the
financial year-end period for educational institutions and will fall into the
Group's second half.

 

Kevin Limn, CEO of Adsure Services, commented:

 

"I'm delighted with the exceptional progress Adsure Services has made this
year. Our growing order book demonstrates the strength of our client
relationships and the quality of service we provide.

 

Our 'Fit for the Future' strategy is delivering real results. The successful
integration of K10 Vision and the anticipated launch of our TIAA Insight AI
tool will position us at the forefront of technological innovation in our
sector. Combined with Angela Ward's leadership in driving growth in our
housing division and Helen Cargill's success in expanding our education
division, we're building strong foundations to deliver on our strategic
objectives.

 

The significant expansion in recurring revenue contracts gives us excellent
visibility and stability as we continue to grow our market share across key
service lines."

 

Angela Ward, Director - Housing at TIAA Limited, commented:

 

"Since joining in January 2025, I've been proud to lead our housing sector
practice through a period of significant expansion. We've grown our client
base by 20% and we now support over 130 individual housing organisations.

 

This growth reflects the strength of our offering. A standout area has been
our success in recurring internal audit contracts, our grant compliance work,
particularly with Homes England. I fundamentally believe that this success is
a testament to the TIAA Difference: our deep sector knowledge, our in-house
expertise, and our reputation as the best-kept secret in the housing sector."

 

 

 

-Ends-

 

For more information and the chance to have your questions directly answered
by the management team, please head to our interactive investor hub via:
https://investors.adsureservicesplc.co.uk/link/Pdx1kP. Here you will find all
company news and additional content to further explain Adsure's strategy and
investment case.

 

Engage with the Adsure Services management team directly by asking questions,
watching video
summaries and seeing what other shareholders have to say.
Navigate to our Interactive investor hub here:
https://investors.adsureservicesplc.co.uk/link/Pdx1kP.

 

 

 Adsure Services PLC

 Kevin Limn, Chief Executive Officer

 Engage with the Company directly                      +44 (0) 845 300 3333

                                                       https://investors.adsureservicesplc.co.uk/s/435bf4
 Guild Financial Advisory Limited - Corporate Adviser

 Ross Andrews                                          +44 (0)7973 839767

                                                       ross.andrews@guilfin.co.uk (mailto:ross.andrews@guilfin.co.uk)

 Evangeline Klaassen                                   +44 (0)7972 841276

                                                       evangeline.klaassen@guildfin.co.uk (mailto:evangeline.klaassen@guildfin.co.uk)
 Redchurch Communications - Financial PR & IR

 John Casey / Nicky Bagheri                            +44 (0) 207 7870 3974

                                                       ads@weareredchurch.com (mailto:ads@weareredchurch.com)

 

 

About Adsure Services

 

Adsure Services PLC is a leading audit and assurance services provider,
dedicated to delivering high-quality financial review and compliance
solutions. Through investment in innovative technology and AI-driven
solutions, the Company is focused on enhancing efficiency and accuracy in the
audit sector.

 

 

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