Published: April 17, 2026 at 8:46 am
The founder of essensys plc has agreed a deal to take the PropTech firm private with the backing of high-profile investors Sir Terry Leahy and William Currie.
Amid a restructuring of the business, essensys also this morning reported shrinking profits and falling revenues in its latest half-year results.
Mark Furness founded the firm in 2006 and it floated in 2019 at a valuation of £72.6m, raising £28m from investors. Its share price peaked above 300p in 2021.
It has a current market cap of £10.58m after shares dropped in early trading this morning following the announcement of the takeover agreement and results.