AIM Rule 26 Disclosures

Last updated

21 November 2022


Company Information


Description of Business

PipeHawk plc consists of a group of dynamic businesses offering advanced engineering solutions to challenging technical requirements across many industries.


Adien Limited is a leader in the field of utility detection and mapping. Its survey teams provide information that is critical in the design processes of almost all construction projects that involve breaking the ground.

QM Systems Ltd  is a market leader in providing solutions and services for electronic system design and manufacture, test equipment, transfer systems and automation and assembly solutions to the automotive, aerospace, rail and other related industries. It specialises in providing full turnkey solutions for any automated assembly process as well as operating the Wessex Test Equipment brand providing specialist equipment for testing skid resistance of vehicle and pedestrian related surface materials.

Thomson Engineering Design Limited produces an unparalleled range of machines, attachments and tools for railway track renewal and maintenance across the globe.

Utsi Electronics Ltd are a globally recognised designer and manufacturer of commercial and bespoke solutions which harness the unique properties of Ground Penetrating Radar technology for many applications including civil engineering and land mine detection.


Powered by excellent people our reputation is built on exceeding our customers’ expectations in delivering innovative, cost effective quality solutions in all aspects of our business.

Through our energetic, innovative and dynamic approach together with our significant investment in R&D we will continue to strengthen our market leading positions.


Country of Incorporation

    • PipeHawk is incorporated in the United Kingdom

Main country of operation

    • PipeHawk's main country of operation is the United Kingdom


Regulatory News

Corporate Governance

The Board recognises the value and importance of high standards of corporate governance. Accordingly, the Board adopted the Corporate Governance Code (“the Code”) published by the Quoted Company Alliance (“QCA”) on 27th September 2018. The Company considers the principles within the code to be best practice, subject to their appropriateness given the size of the company and the composition of the Board.
The Board’s approach to addressing the key principles of the QCA Corporate Governance Code are set out here. Corporate Governance Disclosures


Company Advisers

Nominated Adviser
Allenby Capital Limited
5 St.Helen's Place 

Allenby Capital Limited
5 St.Helen's Place 

SLC Registrars
Elder House
St Georges Business Park
Brooklands Road
KT13 0TS

Gowling WLG

4 More London Riverside

Crowe U.K. LLP

55 Ludgate Hill


Board of Directors - Names & Brief Biographies

Gordon G Watt BA, FCA, FRSA
Executive Chairman (68)

Gordon is a chartered accountant having been a partner at RSM Robson Rhodes and then Finance Director/Deputy Chief Executive of British Bus Plc until it was sold to Arriva Plc.  He is Non executive chairman of a number of private companies, he became a non-executive director of the Group in 1998, became finance director in December 2001 and Chairman in January 2003.


Robert Randal MacDonnell
Non-executive Director (81)

Randal joined the Group in February 2006 having previously been a director of Kleinwort Benson Securities, Laing & Cruickshank Securities and Chase Manhattan Securities Limited.  Prior to that he was a partner in stockbrokers Laurie Milbank & Co.


Timothy James Williams
Non-executive Director (67)

Tim joined the Group in November 2022 having previously been Group HR Director at Redde Northgate plc from 2005-2021. Prior to this he has had a broad background with global blue-chip companies operating in the manufacturing, financial services, healthcare and accident management services and held a number of senior human resources positions.


21 November 2022

Annual Reports and Interims

24 March 2022 PipeHawk Interim Results for the six month period ended 31 December 2021
12 November 2021 Annual Report and Accounts 2021 & Notice of AGM
18 March 2021 PipeHawk Interim Results for the six month period ended 31 December 2020
06 November 2020 Annual Report and Accounts 2020
19 March 2020 PipeHawk Interim Results for the six month period ended 31 December 2019
05 November 2019 Annual Report and Accounts 2019
18 March 2019 PipeHawk Interim Results for the six month period ended 31 December 2018
19 November 2018 Annual Report and Accounts 2018
23 March 2018 PipeHawk Interim Results for the six month period ended 31 December 2017
15 November 2017 Annual Report and Accounts 2017
20 March 2017 PipeHawk Interim Results for the six month period ended 31 December 2016
17 November 2016 Annual Report and Accounts 2016
23 March 2016 PipeHawk Interim Results for the Six month period ended 31 December 2015
11 December 2015 PipeHawk Report and Accounts 2015
31 December 2014 Half-yearly Results for the six months ended 31 December 2014
24 November 2014 PipeHawk Report and Accounts 2014
10 March 2014 PipeHawk Interim Results for the Six Month Period ended 31 December 2013
14 November 2013 PipeHawk Report and Accounts 2013
06 March 2013 PipeHawk plc Interim Results for the Six Month Period ended 31 December 2012
06 November 2012 PipeHawk Report and Accounts 2012

Other Documents

 October 2000 Memorandum and Articles of Association
 December 2000 AIM Admission Document.
 October 2000 Certificate of Incorporation


AIM Rule 26 Disclosures

The following information is provided pursuant to the AIM Rule 26 and was last updated on:-

21 November 2022

21 November 2022 Directorate Change
20 October 2022 Ventive - Contract Update
17 October 2022 Update re. Major contract with Ventive Limited
11 October 2022 QM Systems - Contract Award Announcement
21 September 2022 T.E.D. - Unipart Announcement
12 September 2022 Contract Award with RCR Industrial Flooring S.L.U.
07 June 2022 Director Change
24 March 2022 PipeHawk Interim Results for the six month period ended 31 December 2021
16 March 2022 Holding(s) in Company
10 March 2022 Further re: major contract win with Ventive
16 February 2022 Holding(s) in Company
31 January 2022 Total Voting Rights
19 January 2022 Grant of Options
13 January 2022 New Lease Agreement
07 December 2021 Holding(s) in Company
06 December 2021 Result of AGM
01 December 2021 Major Contract Win with Ventive Limited
12 November 2021 2021 AGM Voting - Proxy Form
03 November 2021 Final Results for the Year ended 30 June 2021 & Notice of AGM
28 October 2021 Grant of Options
30 September 2021 Total Voting Rights
17 September 2021 Utsi Electronics update
11 August 2021 210810 Trading update
18 March 2021 PipeHawk Interim Results for the six month period ended 31 December 2020
28 January 2021 Utsi Electronics Acquisition
08 December 2020 Marlux Medical Major Contract Award
03 December 2020 Result of AGM
06 November 2020 2020 AGM Voting - Proxy Form
21 October 2020 Final Results for the Year ended 30 June 2020
21 October 2020 Notice of 2020 AGM
15 September 2020 Isoclad Major contract award
14 May 2020 Trading Update & COVID-19
19 March 2020 PipeHawk Interim Results for the six month period ended 31 December 2019
04 February 2020 Director/PDMR Shareholding
13 December 2019 Result of AGM
11 December 2019 Further Penso Contract + Trading update FINAL
24 October 2019 Final Results for the Year ended 30 June 2019
16 October 2019 Wessex Acquisition
16 September 2019 Contract Win
10 September 2019 BWI Contract Win
01 April 2019 Total Voting Rights
18 March 2019 PipeHawk Interim Results for the six month period ended 2018
12 March 2019 Further re Acquisition of Thomson Engineering Design
18 January 2019 Penso Contract
19 November 2018 Final Results for the Year ended 30 June 2018
09 November 2018 Further re. Convertible Unsecured Loan Notes
06 July 2018 Contract with Cox Powertrain Limited
01 May 2018 Trading Update - Contract Wins
23 Mar 2018 Half Year Report
29 December 2017 Total Voting Rights
14 December 2017 AGM Results
29 November 2017 Acquisition of Thomson Engineering Design Limited
15 November 2017 Posting of Accounts & Notice of AGM
31 October 2017 Final Results for the Year Ended 30 June 2017.
13 October 2017 Sale of Interest in SUMO
06 June 2017 Directorate Change
19 May 2017 Unsuccessful Grant
12 April 2017 Contract wins for QM Systems
20 March 2017 PipeHawk Interim Results for the six month period ended 31 December 2016.
08 March 2017 Further re. Grant Application
01 March 2017 Holding(s) in Company
15 December 2016 Result of AGM
18 November 2016 Director/PDMR Shareholding
15 November 2016 Final results for the year ended 30 June 2016.
05 August 2016 QM Systems Contract Extension with Hadley Industries Group
04 August 2016 QM Systems partnership with UK NSI.
19 May 2016 QM Systems wins contract with Primafruit.
11 May 2016 QM Systems Limited win further Mann Hummel Contract.
30 March 2016 AIM Disclosure Update
23 March 2016 Directorate change
10 March 2016 Change of Adviser Announcement
13 May 2015 Director Holding
12 May 2015 QM Systems contract with Hadley Industries
26 March 2015 Interim Results for Six month period ended 31 December 2014
03 March 2015 Holding in Company
13 February 2015 Holding in Company
11 December 2014 Results of AGM
20 November 2014 Holding in Company
14 November 2014 Final Results
17 October 2014 Holding in Company
07 August 2014 Holding in Company
30 May 2014 Director Holding
25 March 2014  Holdings in Company
10 March 2014 Interim Results for Six month period ended 31 December 2013




As of 21 November 2022 the number of shares in issue was 36,312,823 ordinary shares of 1p each


As of 21 November 2022, significant shareholdings in the share capital of PipeHawk plc were:

Shareholders having interest in 3% or greater of the issued share capital are:-


G.G. Watt

5,721,500 15.76%

S. Hamilton

4,583,334  12.62%

P. Lobbenberg

3,100,000 8.54%

Dr R. J Chignell

2,204,200 6.07%

N. Slater

1,821,262 5.02%


1,431,436 3.94%
   *Indicates a Director of the Company  



In the terms of AIM Rules published March 2018 and insofar as it is aware, as of 21 November 2022, 32.32% of the Company's AIM Securities was not in public hands.

Restrictions in transfer of AIM securities

There are no restrictions on the transfer of PipeHawk Plc's AIM securities

Other exchanges and trading platforms

The company is subject to the UK City code on Takeovers and Mergers

PipeHawk plc’s shares are currently traded on AIM, a market operated by the London Stock Exchange. The company is not traded on any other exchange or trading platform

As of 21 November 2022, PipeHawk does not hold any shares in treasury.