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Feedback plc AIM:FDBK

Incorporated
United Kingdom
Chief executive
Dr Tom Oakley
Employees
29
Reports in
GBP
Companies House
00598696
Health Care
Where the figures come from
How we read

Read straight from the annual reports

Share price and financials

6.4p at close on 5 Oct 2026 · 11 reported years, 2015–2025

Years in viewFY2015 – FY2026
5 Oct 20266.4p−98.2% since 4 Jan 2016
6.4p
LineFY201505/15FY201605/16FY201705/17FY201805/18FY201905/19FY202005/20FY202105/21FY202205/22FY202305/23FY202405/24FY202505/25FY2026unreported
Revenue
Gross profit
Operating profit
Exceptional items——————————
Net finance cost
Profit before tax
Tax charge
Profit for the year
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.

2 figures

11 years, at a glance

GBP · %
0200m400m600m-800%-600%-400%-200%0%FY2015FY2025

Dashed: Operating margin, in % on its own scale — read its shape, not its height against the bars.

FY2025Revenue£886kOperating margin−475.4%
The latest report

FY2025 annual report

year to 31 May 2025 · approved 16 Sept 2025 · 93 pages · Companies House

Open the reportJSONComing soon
Next report23 Sept 2026for the year to 31 May 2026, the date the register holds, plus this company's usual gap to publication
Sixty seconds on this reportPlaceholder

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From the reportevery line sits on the page it names
What drove revenue

Bleepa platform licences to NHS customers

Bleepa contributed 90% of sales (2024: 87%); 2025 external revenue includes Bleepa £794,440, Image Engineering licence fees £57,545 and legacy Cadran PACS £33,638.

page 18
And

Queen Victoria Hospital (QVH) contract

QVH converted to a full contract at a higher contract value; £495k digital infrastructure contract awarded to QVH in the year.

page 5
What moved the marginheadwind

Gross margin decline on lower revenue

Gross margin fell to 88% (2024: 93%), driven by the fall in revenue.

page 18
Andheadwind

Operating expense growth

Operating expenses rose 7% to £5.15m on headcount growth, cost-of-living pay rises, a £0.22m share-based payment charge (including a £0.07m one-off accelerated charge) and higher amortisation (£1.15m). Partly offset by lower advertising and marketing spend.

page 18
One-offs in the year

£3.2m charge: Impairment of intangible assets (Bleepa CGU)

page 63
What management said

Improving our revenue performance remains our greatest challenge and focus. Trading conditions over the past six months have been the toughest the CEO has known, with NHS restructuring delaying decision-making since March 2025.

page 17
After the year end

Post period, the company curtailed activities in India for the time being, to extend its cash runway.

page 17
The dividend

No dividend was declared in FY2025 (2024: nil). No dividend policy is stated; capital management objectives include the possibility to vary dividend payments but none is proposed.

page 51
Going concern and the audit

Unmodified opinion from Price Bailey LLP dated 16 September 2025 (senior statutory auditor Andrew Booth). The auditor reported no material uncertainty on going concern; directors' forecasts run to 30 September 2026 with downside scenarios and cash of £5,949,757 at 31 May 2025 sufficient to early CY2027. Five key audit matters: revenue recognition; capitalised development costs; intangible valuation and impairment; investments in subsidiaries impairment; share option valuation. Materiality £292,000 (group), performance materiality £175,000.

page 57
The risks it names first
  • Product development: products may cost more or take longer to develop, and market size may be smaller than expected, requiring additional financingp.20
  • Competition from better-resourced competitors and new technologies that could make in-development products obsolete and cause pricing pressurep.20
  • Over-dependence on a single customer (the NHS): changes to NHS structure and procurement could reduce revenue or delay it, and the company may not be included in future frameworksp.21
  • Cyber security threats leading to IT failure, data loss or GDPR finesp.21

Read from C000455-AR-2025-ch.

Filings

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)

  1. FY2026Next report expected 23 Sept 2026

Every figure above,
back to the page it was printed on