Concurrent Technologies AIM:CNC
- Founded
- 1985 · Colchester, England
- Incorporated
- United Kingdom
- Chief executive
- Dr Miles Adcock
- Employees
- 186
- Reports in
- GBP
- Companies House
- 01919979
Designs and manufactures rugged embedded computer boards and systems (VME, VPX and mission computers) used in demanding defence, aerospace and industrial applications. Sells to prime contractors in the US, UK and allied markets; has expanded from boards into integrated systems.
Read straight from the annual reports
250p at close on 2 Oct 2026 · 11 reported years, 2015–2025
| Line | FY201512/15 | FY201612/16 | FY201712/17 | FY201812/18 | FY201912/19 | FY202012/20 | FY202112/21 | FY202212/22 | FY202312/23 | FY202412/24 | FY202512/25 | FY2026unreported |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||
| Gross profit | ||||||||||||
| Operating profit | ||||||||||||
| Exceptional items | — | — | — | — | — | — | — | |||||
| Net finance cost | later 0.08 | |||||||||||
| Profit before tax | ||||||||||||
| Tax charge | later 0.31 | |||||||||||
| Profit for the year | later 3.2 | |||||||||||
| EBITDA | ||||||||||||
| Basic EPS | ||||||||||||
| Diluted EPS | ||||||||||||
| Dividend per share |
GBP millions, negatives in brackets. Per-share lines in pence, share counts in millions. later is what a following report restated the figure to; vs is a second reading that disagrees. The figure shown is the one the original filing printed, and both readings are kept. Click any figure: opens the report page it was read from, highlighted; shows how it was calculated. The share price above is drawn to the same columns: each close sits over the financial year it fell in.
11 years, at a glance
Dashed: Operating margin, in % on its own scale — read its shape, not its height against the bars.
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Record order intake reflecting rising defence investment and adoption of open standards (SOSA/VITA)
Order intake reached a record £47m in FY25 (FY24: £41m), reflecting strengthened relationships with leading global defence primes
page 3Design wins converting into multi-year production revenue
Design wins secured in FY25 have an estimated lifetime value of £145m; typical conversion to purchase orders within two to three years and revenue over a seven-to-ten-year period
page 8Improved procurement and buying power on higher volumes
Gross margin rose to 53.3% (FY24: 49.5%) driven by excellent procurement management and increased buying power
page 20Price increases to maintain customer proposition
Price increases were kept to a minimal level to retain attractive customer proposition while achieving strong gross margins
page 20Order intake reached a record level during the year, providing strong multi-year visibility.
page 7On 6 March 2026, Concurrent entered into a new 10-year lease for a new building with a break clause after 7 years (Note 28). [Note: the Directors' Report elsewhere states there were no post-balance sheet events to report, an apparent inconsistency within the document.]
page 78Board committed to maintaining an appropriate balance between reinvestment for growth and shareholder returns. Proposed final dividend of 1.155p per share for FY25 (FY24: 1.1p), subject to shareholder approval at the AGM on 10 June 2026, to be paid on 3 July 2026 to shareholders on the register on 19 June 2026. No interim dividend paid in either year.
page 7Directors adopted the going concern basis, reviewing budgets and cash flow forecasts to end of April 2027 under extreme stress-test scenarios (including reduced sales/margin and reduced inventory levels); no borrowing requirement identified and no material uncertainty concluded. Auditor HaysMac LLP (senior statutory auditor Jonathan Maddison) issued an unqualified/unmodified opinion that the financial statements give a true and fair view. Key audit matters: (1) revenue recognition on Systems revenue (cost-input method under IFRS 15), (2) recognition of capitalised development costs under IAS 38, (3) recoverability of intangible assets/capitalised development costs, and (4) valuation of intangible assets and goodwill relating to the historic Phillips Aerospace business combination.
page 40- Geopolitical environment and trade tensions - significant proportion of revenue/activity from outside the UK, exposed to tariffs, bilateral disputes, nationalist policies and potential further US government shutdowns delaying order intake/revenue.p.27
- Customer risk - revenue depends on customers' ability to develop, manufacture and sell products including Concurrent technology; defence is the largest and most concentrated market, mitigated by long-established prime contractor relationships.p.27
- Export and conflict risks - advanced technology subject to export control legislation; increased government scrutiny of controlled technology could delay export approvals in some jurisdictions.p.27
- Foreign exchange rates - significant revenue and activity exposed to FX movements, with US dollar sales providing a natural but incomplete hedge against a GBP cost base.p.27
Read from C000314-AR-2025-ch.
10 annual reports read, FY2016 to FY2025
Open a year to see what its report said. Every line in it carries the page it was read from.
Sources: Companies House (10)
FY2026Next report expected 8 May 2027