Published: November 24, 2025 at 8:33 am
Microlise Group plc, a provider of transport management software to fleet operators, it to make redundancies after its global sales were hit.
The firm, based in Nottingham and listed on the junior AIM market, said EBITDA for 2025 will not be less than £8.3 million – well below previously reported market expectations of £12.7m.
Based on trading results for the year to date and its pipeline for the remainder of FY25, it now expects to deliver revenues of not less than £84m, compared with market expectations of £91.3m.
However this is up 4% compared to FY24 adjusted revenues of £81m.
The board has decided to implement cost saving and efficiency measures, which are expected to generate annualised cost savings of at least £4m. There will be an expected reduction in headcount of approximately 10%.
The firm also said it has hired Dean Garvey-North as its new CTO, succeeding Duncan McCreadie, who will retire after a decade of service.