REG - Adsure Services PLC - Trading and Corporate Update

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RNS Number : 1110C  Adsure Services PLC  28 April 2026

28 April 2026

 

Adsure Services PLC

("Adsure" or the "Company")

 

Trading and Corporate Update

 

Adsure Services PLC ("Adsure" or the "Company"), a leading provider of audit
and assurance services and the holding company for TIAA Limited (together,
"the Group"), is delighted to provide the following unaudited trading and
corporate update.

 

Supported by long-term contracts with government-funded organisations and the
good progress in delivery of our 'Fit for Future' strategic initiative, the
Group continued to trade strongly in FY2026 with key performance metrics
trending in a manner consistent with the prior year.

 

Our trading subsidiary, TIAA Limited, has made progress in the housing sector,
increasing customer numbers and growing market share. The education sector
continues to be an area of strength, underpinned by rising contract values
which have offset some mild softening in other market sectors caused by
slightly reduced tendering opportunities. TIAA has also maintained a strong
focus on cash collection during the period, resulting in a significant
improvement in working capital performance. Debtor days reduced from 43 to 39,
while aged debt was reduced by approximately 85%, reflecting disciplined
credit control and improved cash realisation.

 

Progress achieved in 2025 has laid the foundations for the next stage in the
Group's growth story, which will focus on technological innovation and on
maintaining the high standards of social and environmental performance,
transparency, and accountability that earned TIAA its B-Corp certification.

 

Fit for Future and TIAA Insight

 

The Group's delivery on its 'Fit for Future' technology and innovation
programme is gathering pace and will be instrumental in near-term group-level
developments.

 

TIAA Limited, Adsure's wholly owned subsidiary, secured a Knowledge Transfer
Partnership grant from Innovate UK in December 2023 to develop AI capabilities
for risk assessment. The AI Large Language Model tool was trained on TIAA's
historic customer data to meet the growing demand for AI innovation across
government-funded organisations and their service providers.

 

We are delighted to report that the latest round of testing has yielded
positive results, demonstrating that our AI tool can improve the workflows of
TIAA's operatives and enhance client outcomes. We believe our proprietary AI
technology has the potential to provide significant operational benefits
across the Group, and we are preparing for the next phase in its deployment.

 

We look forward to announcing further updates in due course.

 

Sarah Prescott, CFO of Adsure Services, comments:

 

"I am pleased to report that the Group has continued to trade strongly through
FY2026, with performance tracking consistently with the prior year and
encouraging momentum across our core markets. TIAA's growing presence in
housing and the continued strength of our education practice offsetting modest
softening in other areas, showing the resilience of our business model and the
value our clients place on the quality and consistency of our services.

 

A key highlight of the period has been a significant improvement in our
working capital performance, reflecting sustained focus on credit discipline
and cash collection across the organisation.

 

Looking ahead, I am especially excited about the progress of our 'Fit for
Future' technology programme.

 

We believe our proprietary AI tool can deliver material operational benefits
across the Group, improve outcomes for our clients, and unlock new commercial
opportunities as we move into the next phase of deployment."

 

 

 

 

-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/Pqda8r. 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/Pqda8r.

 

 

 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) 207 870 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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