Financial Conduct Authority Update

Summary by AI BETAClose X

Cirata plc has been notified by the Financial Conduct Authority that its investigation into the company, which concerned potential material misstatements in financial position from May 2021 to March 2023, has been closed with no action taken. This announcement marks the closure of a significant chapter for the company, which has been undergoing a turnaround under new management, focusing on a new cost structure, the release of its Cirata Symphony Data Orchestration Platform, and growth initiatives.

Disclaimer*

Cirata PLC
27 November 2025
 

 27 November 2025

Cirata plc

("Cirata" or the "Company")

Financial Conduct Authority Update

 

Cirata plc (LSE: CRTA) has been notified by the Financial Conduct Authority that its investigation into the Company has been closed and no action will be taken against the Company. The investigation was first announced to the market on 20 April 2023 and concerned the period 1 May 2021 to 9 March 2023 and whether certain regulatory announcements released by the Company may have materially mis-stated the Company's financial position.

 

Stephen Kelly CEO Commented:

 

The new management team tasked with rescuing the company from the brink after the dark days of March 2023, have worked tirelessly to build a company that the UK tech sector can be proud of. As we close out the year, we continue to make progress- with a new cost structure, the release of Cirata Symphony -a new Data Orchestration Platform- and a laser focus on growth. The announcement today heralds one sad chapter closed and a new chapter beginning. 

 

 

This announcement contains inside information under the UK Market Abuse Regulation. The person responsible for arranging the release of this announcement on behalf of Cirata plc is Stephen Kelly, Chief Executive Officer.

 

For further information, please contact: 

Cirata

Via FTI Consulting

Stephen Kelly, Chief Executive Officer


Ricardo Moura, Chief Financial Officer


Dan Hayes, Investor Relations


 

 

FTI Consulting

+44 (0) 20 3727 1137

Matt Dixon / Kwaku Aning / Usama Ali

 

 

 

Stifel (Nomad and Joint Broker)

+44 (0) 20 7710 7600

Fred Walsh / Brough Ransom / Ben Good

 

 

 

Panmure Liberum (Joint Broker)

+44 (0) 20 3100 2000

Rupert Dearden / John More

 

 

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