Mobile Tornado intends to de-list from the London Stock Exchange’s junior AIM market and re-register as a private company.
The Harrogate-based firm, which also has bases in Miami and Taiwan, said the “considerable cost and management time and the legal and regulatory burden associated with maintaining the company’s admission… is disproportionate to the benefits”.
The push-to-talk over cellular and workforce management solution provider also cited limited liquidity in shares and high share price volatility, as well as a lack of corporate and strategic flexibility as a publicly traded company.
It underwent its IPO way back in 2004.
“The board has concluded that as a private limited company it will have broader access to specialty investors and enhance the ability of the company to raise any future capital required to increase the value of its product portfolio for the benefit of all shareholders,” it added.
“The board intends to seek a buyer for the company within the next two years. Operating as a private limited company will streamline this process, as it will allow for greater flexibility and confidentiality in negotiations, unencumbered by the disclosure obligations and regulatory requirements of a publicly traded company on a regulated exchange.”

The cancellation is conditional upon the approval of not less than 75% of the votes cast by shareholders at a general meeting on 1st September 2025, with the set date for the cancellation then 7am on 9th September 2025 if the cancellation resolution is passed.
Mobile Tornado said total turnover in the six-month period to 30th June 2025 decreased by 11% to £950,000, but reported that cost savings had reduced EBITDAE loss for the period to £130,000 from £150,000.
The firm recently appointed a new CEO in Luke Wilkinson (pictured, main image) two-and-a-half years after its chairman stepped into the role on an interim basis.
Its share price is at 0.57p at the time of writing (9.30am), down 67% in the last 12 months.