RC Fornax Plc
RCFX.L
London Stock Exchange6.30
GBp
-0.05
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RC Fornax Plc
RCFX.L
(London Stock Exchange)
Recent
price
6.30
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- RC Fornax Plc is a United Kingdom-based engineering consultancy specializing in high-impact defence solutions and work-package delivery under Statements of Work. Founded in 2020 by Royal Air Force veterans Paul Reeves and Daniel Clark and headquartered at 220 Aztec West, Almondsbury, Bristol, England, the company provides bespoke, outcome-driven services across critical military platforms including fighter jets, naval ships, drones and military vehicles; its core offerings encompass capability uplift through rapid team augmentation on time-and-materials or SoW basis, embedded outsourcing with fully managed deployable teams accountable for deliverables, traditional outsourcing for off-site design house requirements on firm-priced contracts, engineering design, bid and project management, supply chain support and quality assurance, with expertise spanning systems, software and hardware engineering for high-complexity platforms. RC Fornax primarily serves UK Ministry of Defence partners and leading defence primes, holding ISO 9001:2015 certification, JOSCAR registration and Cyber Essentials compliance to ensure secure, IR35-compliant operations that transition clients from labour-based to outcome-focused models; it operates mainly in the United Kingdom while pursuing expansion into multinational programmes such as AUKUS and GCAP, alongside new sectors like automotive and renewables. In early 2025, RC Fornax re-registered as a public limited company and listed on AIM under ticker RCFX.L, executed a share sub-division and multiple allotments to support growth, relocated its registered office from London to Bristol amid new headquarters opening, appointed directors including Rob Shepherd, David Hitchcock, Mark Joseph Fahy, Richard Kevin Smith and initially Kiri Cavill while terminating others such as Daniel James Ashley Clark, progressed a potentially significant partnership with a leading UK defence contractor following heightened client engagement post-Strategic Defence Review, and planned a GBP2.8 million equity fundraising via placing and retail offer to accelerate development including M&A for manufacturing capabilities and SME integration targeting GBP100 million-plus revenue medium-term.