**Summary**
**essensys plc** (AIMESYS), a global provider of software and technology for the flexible workspace industry, released a trading update and announced a possible takeover offer on November 28, 2025.
**Trading Update**
* **Q1 FY26 Revenue:** £4.1 millionin line with expectationsdriven by the essensys Platform.
* **elumo Product** Strong customer interest but macroeconomic conditions are causing slower adoption rates, impacting FY26 sales forecasts.
* **Customer Churn** One customer not renewing a £0.9 million annual contract, already factored into forecasts.
* **Business Restructuring** Teams reorganized to focus on essensys Platform and elumo, aiming for improved customer experience and cost savings.
* **Financial Outlook** FY26 results expected to be materially below expectations due to slower elumo adoption.
* **Debt Facility** essensys is exploring a debt facility to strengthen financial resilience and support growth.
**Possible Takeover Offer**
* **Mark Furness,** founder and Non-Executive Director, has submitted a preliminary, non-binding proposal for a possible all-cash offer of 20 pence per share for the entire company.
* **BidCo** The offer would be made by a newly incorporated company.
* **Early Stage** Discussions are preliminary, and theres no certainty an offer will be made.
* **Conditions** The offer is subject to due diligence, Independent Director recommendation, and other pre-conditions.
* **Deadline** Furness must announce a firm intention or withdraw by December 26, 2025.
**Additional Notes**
* The announcement complies with UK takeover regulations and contains inside information.
* Canaccord Genuity is acting as essensys financial advisor.
* The companys share capital details are provided for regulatory purposes.