Rosslyn Data Technologies plc
Rosslyn Data Technologies Plc is an AIM-listed (since 2014) UK software company providing an AI-driven, cloud-based procurement spend intelligence platform. It ingests, cleanses, enriches and classifies enterprise spend data from thousands of source systems (100+ ERP connections) to give procurement teams actionable insight, with newer AI tools (AICE classification engine, IniTrack, Benchmarking) sold as add-ons. Established 2007, 39 employees, managing c.£1.1tn of spend under management for customers globally.
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 (10), Company website (1)
FY2027Next report expected 4 Nov 2027
- Open the reportJSONComing soonSixty seconds on the FY2026 report
Rosslyn Data Technologies sells cloud software that helps large companies understand what they spend with suppliers. In the year to 30 April 2026, revenue was £3.0m, down 1.6% on the year before, and the loss after tax widened to £2.9m from £2.7m. The company earned more on each sale, mainly because it paid less to host its software and stopped renewing small, low-value contracts, although some customers left. Redundancies cut running costs. But the bottom line was pushed down by one-off restructuring costs and a paper loss on the value of its convertible loans (loans that can be swapped for shares). Cash fell to £786k from £1.7m. Borrowings, in the form of those convertible loans, were £753k, and £878k was raised by selling new shares. There is no dividend. Management says it has a solid pipeline of potential new business and expects to meet market expectations, while keeping costs tight. The auditor flagged a "material uncertainty" over whether the company can keep going, as forecasts rely on raising more money.
From the reportevery line sits on the page it namesWhat drove revenueAnnual licence fees for platform access
Annual licence fees generated £2.3m (2025: £2.2m) and accounted for 77% of total revenue (2025: 73%)
page 10AndProfessional services for implementation/tailoring
Professional services revenue was £0.6m (2025: £0.8m), 20% of total revenue (2025: 26%)
page 10What moved the margintailwindReduction in hosting costs
Gross margin improved significantly to 46.8% (2025: 40.7%), reflecting a reduction in hosting costs and strategic decision to prioritise quality of revenue
page 8AndtailwindNew higher-value pricing model
Strategic decision to prioritise quality of revenue and not renew low-value/low-margin contracts, offset by churn of some customers who chose not to transition
page 7What management saidThe actions taken during the year have positioned Rosslyn more effectively to benefit from a market undergoing significant disruption.
page 4After the year endOn 22 July 2026, the Group/Company cancelled, in aggregate, 8,230,942 options over Ordinary Shares, and granted, in aggregate, 13,026,380 new options, a portion of which replace the historical (cancelled) options, to Paul Watts and others, with exercise price of 1.85p vesting on third anniversary
page 23The dividendThe Directors do not recommend the payment of a dividend for the year ended 30 April 2026 (2025: nil). Whilst the Group does not currently pay dividends, it is part of the capital strategy to provide returns for shareholders and benefits for other members in the future.
page 25Going concern and the auditAuditor (S&W Audit) issued an unmodified opinion but included a 'Material uncertainty related to going concern' emphasis: group and parent incurred net losses of £2,910,000 and £2,582,000 respectively; group's current liabilities exceeded current assets by £642,000 and parent's net current assets were £2,441,000; cash flow forecasts to April 2028 indicate reliance on additional financing. Directors consider going concern basis appropriate after enquiries, but note limited headroom and material uncertainty. Key audit matters: revenue recognition, cashflow projections/going concern/intangible assets/inter-company receivables, capitalisation of intangible assets, and convertible loan notes.
page 27The risks it names first- Liquidity - ability to meet payment obligations without incurring excessive cost; Group is cash negative with high financial risk appetite in short termp.12
- Data security - handling large volumes of sensitive client data across global data centres; increasing sophistication of cyber-attacksp.12
- Dependence on key executives and technical personnel - no guarantee of continued employment; risk of staff joining/founding competitorsp.12
- Reliance on key systems and business continuity - vulnerability to natural disasters, pandemics, telecoms failures, power loss, cyber/terrorist attacksp.13
Read from C001117-AR-2026-website.
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