Pulsar Group Plc has been hit with a winding-up petition from UK tax collection body HMRC.
The AIM-listed firm is behind ResponseSource, a matchmaking tool used by journalists and PR professionals, which it acquired in 2018. ResponseSource was named in a separate winding-up petition, according to CityAM.
It also operates Pulsar, an audience insights and social listening platform; Vuelio, which provides monitoring, insight, engagement and evaluation tools to more than 3,500 organisations; and Isentia, a media monitoring and insights company operating in the APAC region which is headquartered in Sydney.
Pulsar – led by CEO Joanna Arnold (pictured) – told the London Stock Exchange this morning that it expects to meet outstanding VAT and PAYE obligations in due course.
“The group is in regular dialogue with HMRC regarding the timing of certain VAT and PAYE payments. Substantial payments have already been made, and the board expects the remaining amounts to be settled from the group’s normal cash collections,” it stated.
“The group’s underlying trading position is stable, the business is operating as normal and the board anticipates reaching a satisfactory conclusion with HMRC.”
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The group reported record revenue of £33 million for the six months ending May 31st 2026 – up 10% year on year – with 97% of this recurring.
It also delivered a 39% increase in adjusted EBITDA to £5.1m (H1 2025: £3.6m), with margin improving to 15% (H1 2025: 12%), “reflecting revenue growth and the benefit of the cost actions taken during FY25”.
During the first half of the year, the group secured new three-year £8m facilities with HSBC Innovation Banking – comprising a £6m loan and a £2m revolving credit facility.
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