Our investment case

RM to become a world leading EdTech platform for learner assessment

52 year successful history as a leader in EdTech, with established world leading customers and resilient contracts

  • Customers in 114 countries
  • Assessment solutions contracted order book doubled in 2024
  • Groundbreaking wins with foundation customers to deliver their transition to fully digital assessment (TCV £110M).

Uniquely positioned to capitalise on a high growth opportunity

  • Global EdTech market forecast to increase by $170.8 billion at a CAGR of 15.9% between 2024 and 2029
  • The market shift to digital learning, assessment and marking is driving this material growth phase
  • RM’s margins are significantly higher for digital assessments compared to paper.

RM Ava has proven traction with major customers and a clear development plan to unlock new customers and markets

  • A single platform that spans the full assessment lifecycle for small and enterprise customers
  • Long term contracts secured with flagship customers whose exams are collectively taken in over 15,600 schools globally
  • Building on our pedigree in high stakes general qualifications into mock and in-class assessments and professional qualifications. 

Positive financial momentum - 2024 saw:

  • Adjusted EBITDA nearly doubled to £13.1m
  • £10m + of annualised cost savings delivered
  • Successful renewal of 99% of core Assessment contracts up for renewal.