The founder of essensys plc is pondering an all-cash offer for the firm as it issues a profit warning.

The London-based software and cloud service provider for the flexible workspace industry said its FY26 results were expected to fall short of expectations.

essensys expects £19.2m in revenue for the year ending 31st July, reduced from £24.1m a year before. However it expects a profit of £1.3m, swinging from a £900,000 loss in FY24.