AIM-Listed Pulsar Group hit with High Court petition by HMRC
Pulsar Group, a UK-based technology company listed on AIM, and its media matchmaking subsidiary, ResponseSource, face a winding-up petition from HMRC.
The group, formerly known as Access Intelligence, provides SaaS solutions for the global marketing, public relations and journalism sectors. A petition filed with the London High Court on Friday named it. Additionally, ResponseSource, the group’s digital matchmaking service for journalists and PR professionals, was named in a separate winding-up petition filed by HMRC on Monday, according to court records seen by Morning Wire.
A winding-up petition is a legal process initiated against companies that have failed to pay outstanding debts. HMRC often uses this measure against businesses with unpaid tax bills.
Shares dropped at AIM-listed group
Pulsar Group plc reported record revenue of £33m for the six months ending May 31, 2026, marking a 10 per cent increase from £30.1m in the first half of 2025. The company’s shares traded at 28.00 on Monday afternoon, down almost 10 per cent for the day and nearly 30 per cent over the past year.
Access Intelligence PLC (later renamed Pulsar Group) acquired ResponseSource in October 2018 for £5.5m in cash and shares. According to its most recent Companies House accounts for the year ending 30 November 2024, turnover declined from £3.62m to £3.40m. The average monthly headcount dropped from 20 to 14, while total payroll costs decreased from £1.15m to £745,000.
Morning Wire contacted Pulsar Group and ResponseSource on Monday evening for comment.
In an RNS statement published on Tuesday morning, the group said it “is in regular dialogue with HMRC regarding the timing of certain VAT and PAYE payments.”
“Substantial payments have already been made, and the Board expects the remaining amounts to be settled from the Group’s normal cash collections.”
“The Group’s underlying trading position is stable, the business is operating as normal and the Board anticipates reaching a satisfactory conclusion with HMRC. The Company will provide a further update as appropriate,” the Board added.