Insig AI plc
Insig AI Plc is a UK-based, AIM-listed (LON:INSG) technology company founded in 2018 that provides a 'trusted intelligence layer' between clients' unstructured information and AI, ingesting, structuring and tagging data so it can be searched and queried by LLMs. Its single revenue stream is ESG and Data Services, delivered via a corporate reporting disclosures database, a central bank intelligence dataset, a Generative Intelligence Engine (GIE), Macro Miner and Model Context Protocol (MCP) connectors, sold mainly to asset managers, financial institutions, hedge funds, regulators and reporting consultants. The company proposed changing its name from Insig AI Plc to Candessa AI Plc, subject to shareholder approval.
11 annual reports read, FY2016 to FY2026
Open a year to see what its report said. Every line in it carries the page it was read from.
Sources: Companies House (9), Company website (2)
FY2027Next report expected 15 Sept 2027
- Open the reportJSONComing soonSixty seconds on the FY2026 report
Insig AI Plc sells tools that organise company reports and central bank documents so financial firms can search them with AI. In the year to 31 March 2026, revenue rose 45.2% to £769k, from £530k, and the loss after tax narrowed to £1.9m from £4.8m. Sales grew through new clients, a subscription licence with the Financial Conduct Authority and a first contract for its central bank data. The previous year's loss included a one-off £4.4 million write-down of its software's value. This year's costs included £0.4 million for share options, which used no cash. One customer provided about 79% of revenue. Cash at the year end was £77k, against £1.9m of borrowings, all loans that can convert into shares. It raised £1.4m from shareholders and paid no dividend. Management expects sales to more than double this year and an operating profit at that level. The auditor warned of significant doubt about the company's future unless cash flow improves or more money is raised, including renegotiating loans due in December 2026.
From the reportevery line sits on the page it namesWhat drove revenueNew client wins including a London-based European-focused asset manager and first commercial deployment of the Generative Intelligence Engine (GIE)
New client wins during the year...automation of data collection and ingestion...first commercial deployment of Insig AI's GIE
page 4AndFCA subscription licence for Transparency and Disclosure Index (TDI)
In April 2025, we secured an order from the Financial Conduct Authority...subscription service licence agreement provides access to our TDI covering UK listed companies
page 4What moved the margintailwindGross margin improvement (gross profit £317,147 vs £153,461 prior year) on 45% revenue growth
Gross profit increased year-on-year as revenue grew 45%
page 33AndheadwindShare option expense of £388,174 (2025: £223,731) within administrative expenses, non-cash but dilutive/costly
share option accounting expense of £0.4 million: no share options were exercised, and all exercise prices are significantly above the current share price
page 4What management saidFor the current year, we expect sales to more than double: that would represent top line growth of close to 350% over three years. At such levels, the Company is expecting to achieve operating profitability.
page 6After the year end22 April 2026: Richard Bernstein subscribed for 1,250,000 new ordinary shares at 20p, raising £250,000
page 69The dividendThe Directors do not recommend the payment of a dividend for the year (2025: £Nil)
page 17Going concern and the auditAuditor PKF Littlejohn LLP issued an unqualified opinion (true and fair view) but drew attention to a material uncertainty related to going concern (note 2.5): the Group incurred a loss of £1.9m, net cash outflow from operating activities of £1.1m and had net liabilities of £1.7m at 31 March 2026; continuation depends on improvements in operating cash flows or further external financing, including renegotiating convertible loan notes due December 2026. The opinion is not modified in respect of this matter. Key audit matter: capitalisation and recoverability of development costs (note 15).
page 27The risks it names first- Material uncertainty related to going concern: reliance on improving operating cash flows and/or further external financing including refinancing convertible loan notes maturing December 2026p.27
- Requirement for future R&D investment and availability of working capitalp.10
- Credit risk from trade receivablesp.10
- Liquidity risk, including repayment/refinancing risk on £1.9m convertible loan notes due 31 December 2026p.11
Read from C000664-AR-2026-website.
- FY2023Year to 31 Mar 2023 Opens with a free accountThe report, its reading and its figures
- FY2022Year to 31 Mar 2022 Opens with a free accountThe report, its reading and its figures
- FY2021Year to 31 Mar 2021 Opens with a free accountThe report, its reading and its figures
- FY2019Year to 31 Dec 2019 Opens with a free accountThe report, its reading and its figures
- FY2019Year to 31 Dec 2019 Opens with a free accountThe report, its reading and its figures
- FY2018Year to 31 Dec 2018 Opens with a free accountThe report, its reading and its figures
- FY2017Year to 31 Dec 2017 Opens with a free accountThe report, its reading and its figures
- FY2016Year to 31 Dec 2016 Opens with a free accountThe report, its reading and its figures