Adsure Services says its audit and assurance business has continued to trade strongly through FY2026, with key metrics tracking consistently with the prior year as its AI-powered tool moves closer to deployment.
The group’s trading subsidiary, TIAA Limited, grew its presence in the housing sector, adding customers and gaining market share, while the education practice remained a pillar of strength with rising contract values.
Management acknowledged some mild softening in other areas due to reduced tendering opportunities, but said the diversified base of clients and contracts has offset the impact.
Working capital management was a notable bright spot. Debtor days fell from 43 to 39, and aged debt was slashed by approximately 85%, reflecting tighter credit control and improved cash collection.
The more significant development may be on the technology front. TIAA’s AI large language model, developed with the support of an Innovate UK Knowledge Transfer Partnership grant secured in late 2023, has completed its latest round of testing with positive results.
Trained on TIAA’s historic customer data, the tool is designed to improve operational workflows and enhance client outcomes across government-funded organisations.
Management said it believes the proprietary technology has the potential to deliver material operational benefits and unlock new commercial opportunities, and that the next phase of deployment is now being prepared.
Adsure has posted improving margins in recent years, and one would expect the successful implementation of the AI tool across the business to translate to even more improvement.
Sarah Prescott, CFO of Adsure Services, said: “I am pleased to report that the Group has continued to trade strongly through FY2026, with performance tracking consistently with the prior year and encouraging momentum across our core markets. TIAA’s growing presence in housing and the continued strength of our education practice offsetting modest softening in other areas, showing the resilience of our business model and the value our clients place on the quality and consistency of our services.
“A key highlight of the period has been a significant improvement in our working capital performance, reflecting sustained focus on credit discipline and cash collection across the organisation.
“Looking ahead, I am especially excited about the progress of our ‘Fit for Future’ technology programme.
“We believe our proprietary AI tool can deliver material operational benefits across the Group, improve outcomes for our clients, and unlock new commercial opportunities as we move into the next phase of deployment.”