RM plc

What RM plc does

RM plc is a UK-headquartered, publicly traded education technology company founded in 1973 and listed on the London Stock Exchange (ticker RM., also traded OTCMKTS as RMLPF), serving educational institutions and examination bodies globally. Its core offering is a digital assessment platform that supports the transition from paper-based to hybrid or fully digital examination delivery, alongside digital learning and broader school technology solutions through three reporting divisions: Assessment, Technology, and TTS (Technology and Testing Services). The Assessment division is the strategic growth engine, delivering approximately 20% revenue growth and a 98% revenue renewal rate, with record exam volumes marked across 115 countries, while the Technology and TTS divisions serve the UK schools market under more challenging conditions that have weighed on group revenue in FY 2025.

The company operates a sales-led, B2B go-to-market targeting educational institutions, examination bodies, and ministries of education directly, with revenue generated predominantly through subscription and recurring contracts. FY 2025 marked a financial inflection point: the company reported its first statutory profit since FY 2021 at £3.2 million profit before tax, with adjusted operating profit up 33.2% and adjusted EBITDA up 20% year-on-year, supported by an oversubscribed £13.5 million placing in October 2025. Ownership concentration is notable, with Harwood Capital LLP holding 19.499% of voting rights as of July 2026 through a chain of controlled undertakings. The company employs between 1,001 and 5,000 staff and is headquartered in Abingdon, United Kingdom, with no disclosed material diversification outside the education vertical.

Name

RM plc

Legal name

RM plc

Website

https://rmplc.com

Company type

Public

Founded year

1973

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

RM plc is a UK-listed education technology company that provides digital assessment, learning, and school technology solutions to educational institutions and examination bodies, with its Assessment division operating across 115 countries and serving as the primary growth engine.

Ownership category

akta.pro rank

Headquarters

HQ city

Abingdon

HQ country

United Kingdom

HQ region

Europe

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales

Revenue model

1. Assessment Division: Core assessment business providing digital examination solutions with strong revenue growth of approximately 20%. The division achieved 98% revenue renewal rate, indicating high customer retention and recurring revenue characteristics.
2. Technology Division: Technology solutions for UK schools market, currently facing challenges with lower revenue due to challenging UK schools market conditions.
3. TTS Division: Technology and TTS division impacted by challenging UK schools market conditions, contributing to overall revenue decline.

Go-to-market motion1 record

Distribution channels1 record

Core offering

RM plc provides a digital assessment platform that enables examination marking across 115 countries, supporting the transition of educational institutions and examination bodies from paper-based to hybrid or fully digital assessment. The company also delivers broader education technology solutions and TTS (Technology and Testing Services) to the UK schools market.

Product overview

RM plc is a global provider of education technology, digital learning, and assessment solutions serving educational markets. The company offers a comprehensive assessment platform that supports digital examination across 115 countries, with solutions transitioning from traditional paper-based assessments to hybrid or fully digital formats. The core Assessment division is a key growth driver, generating approximately 20% revenue growth with 98% revenue renewal rates. The company also provides technology solutions and TTS (Technology and Testing Services) divisions to the UK schools market.

Differentiator

Problem solved

Functional benefit

Products and services

• Digital Assessment Platform
• RM Technology Solutions
• TTS (Technology and Testing Services)

Quantifiable outcome

• First statutory profit since FY2021: GBP 3.2 million profit before tax
• +3 more outcomes

Segments1 record

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Scale indicators7 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Educational Testing Service (ETS): US-headquartered non-profit that develops and administers standardized tests (TOEFL, GRE). Direct peer in digital assessment infrastructure, marking, and global exam delivery to educational institutions.
• Cambridge Assessment: Not-for-profit provider of educational assessments and qualifications, including Cambridge English. Direct peer in the digital assessment and examination marking space, with overlapping delivery to ministries of education globally.
• College Board: US non-profit that administers SAT, AP, and other standardized assessments. Direct peer in large-scale digital exam administration, marking, and reporting to educational institutions.
• Prometric: Global provider of technology-enabled testing and assessment services. Direct peer in digital exam delivery, test center operations, and assessment workflow software for credentialing and educational markets.
• Pearson plc: UK-listed global education company providing assessment, qualifications, and digital learning solutions. Direct competitor in digital assessment, examinations, and education technology with overlapping customer base of exam bodies and educational institutions.

Emerging players

• Renaissance Learning: K-12 education technology company known for Star Assessments and Accelerated Reader. Partial overlap with RM's assessment portfolio, focused on US schools with growing international reach.
• Curriculum Associates: US-based educational publisher and assessment provider (i-Ready). Comparable in the digital formative assessment and personalized learning space serving K-12 institutions.
• Instructure (Canvas): Provider of Canvas learning management system used by educational institutions. Adjacent EdTech peer with overlapping K-12 and higher education customer base, increasingly extending into assessment workflows.

Broad incumbents

• Houghton Mifflin Harcourt: Large K-12 education publisher and assessment provider with HMH assessment solutions. Broad incumbent in the same school assessment and learning market RM plc serves, with larger US-centric footprint.
• Blackboard: Established learning management system and education technology platform serving K-12 and higher education. Broad incumbent in EdTech with overlapping institutional customer base and increasingly integrated assessment tools.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/rmeducation
• Facebookfacebook.com/rmeducation

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A12 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about RM plc