KRM22 plc
KRM22 Plc develops and sells cloud-based, SaaS risk management software to the capital markets and financial services industry. Its Global Risk Platform comprises applications for Trading Risk (Limits Manager, Risk Manager) and Corporate Risk (Surveillance Manager, Control Manager), sold directly and via a strategic distribution partnership with Trading Technologies International, Inc (TT). The Group serves 51 institutional customers, including major Futures Commission Merchants, from offices in the UK, USA and continental Europe.
8 annual reports read, FY2018 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 (8)
FY2026Next report expected 23 May 2027
- Open the reportJSONComing soonSixty seconds on the FY2025 report
KRM22 sells cloud-based risk management software to trading and financial services firms. In the year to 31 December 2025, revenue rose to £7.4m from £6.8m, but the loss after tax widened to £2.0m from £1.3m. Income from recurring contracts grew, but the company spent more on cloud hosting and paid sales commission to its distribution partner, Trading Technologies. The loss was also deepened by a paper loss on currency movements and one-off costs of settling its debt. In November 2025 the company raised £9.2m from shareholders before costs, using part of it to settle its loan from Trading Technologies in full, leaving it debt free. Cash at the year end was £5.2m, up from £1.0m. No dividend was paid or proposed. Management calls 2026 an 'investment year', with the benefits expected from 2027. It said new sales have been slow to complete, with only £0.1m of new annual contract income signed since the start of 2026, though it says demand remains strong. The auditor gave a clean opinion and raised no doubt about the company's ability to keep trading.
From the reportevery line sits on the page it namesWhat drove revenueARR growth from new and existing customers (18.8% constant-FX growth to £7.6m)
ARR increased to £7.6m as at 31 December 2025, up from £6.6m (£6.4m at constant FX rates), 18.8% constant FX growth; new contracted ARR of £1.6m in the year
page 5AndTT distribution partnership
10 of 51 institutional customers stem from the strategic partnership with Trading Technologies International, Inc; TT remains an important channel for future growth
page 6What moved the marginheadwindAWS hosting infrastructure cost increases
Gross margin decreased to 78% (2024: 83%) as a result of additional investment in AWS hosting infrastructure costs
page 8AndheadwindSales commission payable to TT
Reduction in gross margin partly caused by sales commission payable to TT in connection with new ARR contracts executed in the year
page 8What management saidWe regard 2026 as our 'investment year' with the Company benefiting from this investment in 2027 and beyond.
page 4After the year endOn 7 January 2026, the Company paid US$0.2m as consideration for a partial settlement of the deferred consideration payable in respect of the historical acquisition of Object+ Holding B.V.
page 79The dividendNo interim dividends were paid during the year and the Directors do not recommend payment of a final dividend, although the Directors may wish to do so in future years. No dividends or share buybacks occurred in either 2025 or 2024.
page 39Going concern and the auditUnqualified ('true and fair') audit opinion issued by PKF Littlejohn LLP (Nicholas Joel ACCA, Senior Statutory Auditor), dated 12 May 2026. Auditor concluded directors' use of the going concern basis is appropriate, with no material uncertainties identified over at least twelve months. The sole Key Audit Matter was the carrying value of Goodwill and Other Intangible Assets (Note 13), given significant judgement in the value-in-use impairment model (WACC, growth rate, terminal values, forecast cash flows).
page 44The risks it names first- Geopolitical events, global economic uncertainty and volatility — impacting FX rates, market volatility, inflation and cost of goods/servicesp.15
- New contract signings — delays impacting revenue/ARR growth and cash positionp.15
- Customer retention — loss of key customers through attrition or industry consolidation could adversely impact ARRp.15
- Liquidity of customers — customers' ability to pay KRM22 invoices dependent on their own supply chain and liquidityp.15
Read from C000754-AR-2025-ch.
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