RC Fornax lands UK Government contract, ups revenue visibility

Basic Materials Written by: Jamie Ashcroft 05:41 Thu 24 Sep 2026 --> Proactive has a commercial relationship with RC Fornax PLC. This article was produced independently under Proactive's Editorial Standards Policy . Disclaimer No investment advice About this content Editorial Standards & Policies Share article About this content × About Jamie Ashcroft Jamie Ashcroft, the News Editor for Proactive UK, has developed an impressive career in financial journalism, focusing on the small-cap sector for over fourteen years. Before joining the Proactive team, he was a stockbroker during the global financial crisis, a role that complemented his educational background - a first-class degree in Business and Economics and qualifications in software design and development. As one of the early external hires at Proactive in 2009, Jamie contributed... Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. RC Fornax PLC ( AIM:RCFX ) View Price & Profile RC Fornax lands UK Government contract, ups revenue visibility Last updated: 05:41 24 Sep 2026 EDT, First published: 02:48 24 Sep 2026 EDT RC Fornax PLC (AIM:RCFX) told investors that it has secured a £350,000 UK Government contract and lifted its FY27 revenue visibility to around £9.1 million, while confirming it is not considering an equity fundraising. The defence engineering consultancy said the six-month contract, its second secured through the Public Sector Resourcing framework, will provide Project Management Office support to a UK Government client. Subject to performance and PSR budget allocation, RC Fornax expects the agreement could be extended for another six months, taking total revenue from the contract to between £650,000 and £700,000. The award follows a recently announced £4 million selection through the same framework, which remains on track for delivery. RC Fornax now has approximately £9.1 million of secured, anticipated and selected revenue entering FY27. On funding, the company said it does not currently expect its core Output-based Engineering Services and People divisions to require additional capital as the business progresses towards monthly cash generation, though a working-capital debt facility remains under consideration given the pace of growth. Any future funding for wholly owned SME Procure will be undertaken directly through that subsidiary and tied to evidence of commercial transactions, RC Fornax added. In London, RC Fornax shares were trading at 5.09p, up 2.7%. Continue reading