{
 "as_of": "2026-11-06",
 "cmr": "uk-cm-kg/AIM/TERN",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# TERN PLC (AIM: TERN) — research page\n\nAs of 2026-11-06 · uk-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is TERN PLC, listed on AIM under ticker TERN, with ISIN GB00BFPMV798 and LEI 2138005F87SODHL9CQ36. Its security type is Corporate, its segment is ASQ1, its sector is Investment Banking and Brokerage Services [302020], and its jurisdiction is England and Wales (Companies House jurisdiction field). The issuer is listed, not halted.\n\n## The disclosure read\n\nThe record holds 49 filings across 41 filing days in the window 2025-11-06 to 2026-11-06. The median gap between filing days is 6.5 days. The latest filing is dated 2026-11-05, one day before the record date of 2026-11-06, and is of type newswire_release. The AIM median is 7.0 days for cadence gap, 33.5 filings and 4 days latency across 594 issuers. The sector median is 6 days for cadence gap, 34 filings and 4 days latency across 75 issuers.\n\n## Auditor\n\nThe auditor of record is Gravita. Its location is not on the record. Auditor changes are not on the record, as the market's record does not carry them.\n\n## Events and halts\n\nThe listing, delisting, name change, domicile change and segment move lines are not on the record, as the index does not carry a lifecycle type for this register. The issuer is listed, not halted.\n\n## Orderability\n\nFor elective professional client, the outcome is signal ACM-200, determinable. For eligible counterparty, the outcome is signal ACM-200, determinable. The rule version is acm-68000/uk/product-governance-fca-prod-sourcebook/r1, with the chapter as of 2026-11-04.\n\n## Coverage\n\nThe research coverage field has not been read.\n\n## Open research\n\nThe open research field has not been read.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe market's vintage is not sealed. The live record began on 2026-09-11. Years 2021 through 2026 are sealed in the store but not served as of a date; the as-of door answers not_sealed.\n\n## Sources\n\n10 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://www.londonstockexchange.com/live-markets/market-data-dashboard/price-explorer (identity.exchange)\n- https://api.londonstockexchange.com/api/gw/lse/instruments/alldata/TERN (identity.isin)\n- https://find-and-update.company-information.service.gov.uk/company/05131386 (identity.jurisdiction)\n- https://mapping.gleif.org/api/v2/isin-lei/latest/download (identity.lei)\n- https://www.londonstockexchange.com/stock/TERN/tern-plc/company-page (identity.sector)\n- https://mcp.uk-cm-kg.ai/events/AIM/TERN (the disclosure lines)\n- https://marketsecurities.fca.org.uk/officiallist (the halt flag)\n- https://find-and-update.company-information.service.gov.uk/company/05131386/filing-history/MzUyODgyMDc0MGFkaXF6a2N4/document?format=pdf&download=0 (the auditor)\n- https://mcp.uk-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://mcp.uk-cm-kg.ai/record/AIM/TERN (the record)\n",
 "market": "UK",
 "node": "uk-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [],
   "live_record_began": "2026-09-11",
   "node_history_from": null,
   "node_years_sealed": [],
   "note": "6 years are sealed in the UK store; their Replay split is not built, so the as-of door answers not_sealed and the record is the live record as of 2026-11-06",
   "record_version": 1,
   "sealed": false,
   "store_years_sealed_not_served": [
    "2021",
    "2022",
    "2023",
    "2024",
    "2025",
    "2026"
   ]
  },
  "auditor": {
   "auditor": {
    "read_by": "read by ChatGPT (batch)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://find-and-update.company-information.service.gov.uk/company/05131386/filing-history/MzUyODgyMDc0MGFkaXF6a2N4/document?format=pdf&download=0",
    "state": "filled",
    "value": "Gravita"
   },
   "auditor_firm_id": {
    "market": "UK",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "UK",
    "state": "not_on_record"
   },
   "changes": {
    "market": "UK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "cmr": "uk-cm-kg/AIM/TERN",
  "coverage": {
   "note": "the coverage field has not been read for this issuer",
   "state": "not_read"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 594,
     "median_cadence_gap_days": 7,
     "median_filings": 33.5,
     "median_latency_days": 4,
     "name": "AIM"
    },
    "sector": {
     "issuers": 75,
     "median_cadence_gap_days": 6,
     "median_filings": 34,
     "median_latency_days": 4,
     "name": "Investment Banking and Brokerage Services  [302020]"
    }
   },
   "by_type": {
    "agm_record_date": 3,
    "ch_accounts_filed": 1,
    "ch_capital": 4,
    "ch_confirmation_statement": 1,
    "ch_resolution": 2,
    "corporate_action": 13,
    "financial_statement": 1,
    "newswire_release": 11,
    "regulatory_announcement": 13
   },
   "cadence_median_gap_days": 6.5,
   "filing_days": 41,
   "filings": 49,
   "latency_days": 1,
   "latest": [
    {
     "category": null,
     "date": "2026-11-05",
     "source": "https://www.prnewswire.com/news-releases/isco-international-data-breach-investigation-edelson-lechtzin-llp-probes-class-action-claims-after-customer-data-is-exposed-302930253.html",
     "title": "ISCO International Data Breach Investigation: Edelson Lechtzin LLP Probes Class Action Claims After Customer Data Is Exposed - PR Newswire",
     "type": "newswire_release"
    },
    {
     "category": null,
     "date": "2026-10-28",
     "source": "https://www.investegate.co.uk/announcement/rns/tern--tern/investment-in-device-authority-clns/9844637",
     "title": "Investment in Device Authority CLNs",
     "type": "regulatory_announcement"
    },
    {
     "category": null,
     "date": "2026-10-26",
     "source": "https://www.prnewswire.com/apac/news-releases/xian-highlights-smart-agriculture-and-looks-to-expand-international-cooperation-302919122.html",
     "title": "Xi'an Highlights Smart Agriculture and Looks to Expand International Cooperation - PR Newswire",
     "type": "newswire_release"
    },
    {
     "category": null,
     "date": "2026-10-24",
     "source": "https://www.businesswire.com/news/home/20261024922059/en/PZZA-Deadline-Rosen-Law-Firm-Urges-Papa-Johns-International-Inc.-NASDAQ-PZZA-Stockholders-to-Contact-the-Firm-for-Information-About-Their-Rights",
     "title": "PZZA Deadline: Rosen Law Firm Urges Papa John’s International, Inc. (NASDAQ: PZZA) Stockholders to Contact the Firm for Information About Their Rights - Business Wire",
     "type": "newswire_release"
    },
    {
     "category": null,
     "date": "2026-10-12",
     "source": "https://www.investegate.co.uk/announcement/rns/tern--tern/svv2-settlement/9816837",
     "title": "SVV2 settlement",
     "type": "regulatory_announcement"
    }
   ],
   "latest_filing_date": "2026-11-05",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.uk-cm-kg.ai/events/AIM/TERN",
   "window": {
    "from": "2025-11-06",
    "to": "2026-11-06"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "LSE price explorer (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.londonstockexchange.com/live-markets/market-data-dashboard/price-explorer (price-explorer feed api.londonstockexchange.com/api/v1/components/refresh, markets=AIM, categories=EQUITY, showonlylse=true)",
    "state": "sourced",
    "value": "AIM"
   },
   "isin": {
    "read_by": "LSE instrument reference record (exchange site)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://api.londonstockexchange.com/api/gw/lse/instruments/alldata/TERN",
    "state": "confirmed",
    "value": "GB00BFPMV798"
   },
   "jurisdiction": {
    "read_by": "Companies House REST API (company profile) (jurisdiction field)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://find-and-update.company-information.service.gov.uk/company/05131386",
    "state": "confirmed",
    "value": "England and Wales (Companies House jurisdiction field)"
   },
   "lei": {
    "read_by": "GLEIF ISIN-to-LEI mapping file (daily), LEI by exact ISIN",
    "read_date": "2026-11-09",
    "read_date_basis": "the field",
    "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download (ISIN GB00BFPMV798)",
    "state": "sourced",
    "value": "2138005F87SODHL9CQ36"
   },
   "name": {
    "read_by": "LSE price explorer (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.londonstockexchange.com/live-markets/market-data-dashboard/price-explorer (price-explorer feed api.londonstockexchange.com/api/v1/components/refresh, markets=AIM, categories=EQUITY, showonlylse=true)",
    "state": "sourced",
    "value": "TERN PLC"
   },
   "sector": {
    "read_by": "LSE issuer profile (exchange site)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.londonstockexchange.com/stock/TERN/tern-plc/company-page",
    "state": "sourced",
    "value": "Investment Banking and Brokerage Services  [302020]"
   },
   "security_type": {
    "read_by": "LSE price explorer (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.londonstockexchange.com/live-markets/market-data-dashboard/price-explorer (price-explorer feed api.londonstockexchange.com/api/v1/components/refresh, markets=AIM, categories=EQUITY, showonlylse=true)",
    "state": "sourced",
    "value": "Corporate"
   },
   "segment": {
    "read_by": "LSE price explorer (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.londonstockexchange.com/live-markets/market-data-dashboard/price-explorer (price-explorer feed api.londonstockexchange.com/api/v1/components/refresh, markets=AIM, categories=EQUITY, showonlylse=true)",
    "state": "sourced",
    "value": "ASQ1"
   },
   "ticker": {
    "read_by": "LSE price explorer (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.londonstockexchange.com/live-markets/market-data-dashboard/price-explorer (price-explorer feed api.londonstockexchange.com/api/v1/components/refresh, markets=AIM, categories=EQUITY, showonlylse=true)",
    "state": "sourced",
    "value": "TERN"
   },
   "website": {
    "read_by": "LSE issuer profile (exchange site)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.londonstockexchange.com/stock/TERN/tern-plc/company-page",
    "state": "sourced",
    "value": "www.ternplc.com"
   }
  },
  "licensed": {
   "columns": [
    "licensor",
    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": {
    "market": "UK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "domicile_change": {
    "market": "UK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "listing": {
    "market": "UK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "name_change": {
    "market": "UK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "segment_move": {
    "market": "UK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "market": "UK",
  "node": "uk-cm-kg",
  "numbers_hash": "sha256:0a56f90fac862678000ac348097945489044596ffcbfd3c5582a73c4bc51e0f6",
  "open_research": {
   "rows": [],
   "state": "not_read"
  },
  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [
    "elective professional client",
    "eligible counterparty"
   ],
   "outcomes": {
    "elective professional client": {
     "determinable": true,
     "signal": "ACM-200"
    },
    "eligible counterparty": {
     "determinable": true,
     "signal": "ACM-200"
    }
   },
   "read": {
    "basis": "one live read per instrument class, halt state and client category on this market; this issuer's group",
    "chapter": "https://mcp.uk-cm-kg.ai/book/aio.json",
    "door": "https://mcp.uk-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "rule_version": "acm-68000/uk/product-governance-fca-prod-sourcebook/r1",
   "section": "uk.aio.v16"
  },
  "record": {
   "as_of": "2026-11-06",
   "url": "https://mcp.uk-cm-kg.ai/record/AIM/TERN",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-09",
   "source": "https://marketsecurities.fca.org.uk/officiallist",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:0a56f90fac862678000ac348097945489044596ffcbfd3c5582a73c4bc51e0f6",
 "path": "/uk/AIM/TERN",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is TERN PLC, listed on AIM under ticker TERN, with ISIN GB00BFPMV798 and LEI 2138005F87SODHL9CQ36. Its security type is Corporate, its segment is ASQ1, its sector is Investment Banking and Brokerage Services [302020], and its jurisdiction is England and Wales (Companies House jurisdiction field). The issuer is listed, not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 49 filings across 41 filing days in the window 2025-11-06 to 2026-11-06. The median gap between filing days is 6.5 days. The latest filing is dated 2026-11-05, one day before the record date of 2026-11-06, and is of type newswire_release. The AIM median is 7.0 days for cadence gap, 33.5 filings and 4 days latency across 594 issuers. The sector median is 6 days for cadence gap, 34 filings and 4 days latency across 75 issuers.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor of record is Gravita. Its location is not on the record. Auditor changes are not on the record, as the market's record does not carry them.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "The listing, delisting, name change, domicile change and segment move lines are not on the record, as the index does not carry a lifecycle type for this register. The issuer is listed, not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "For elective professional client, the outcome is signal ACM-200, determinable. For eligible counterparty, the outcome is signal ACM-200, determinable. The rule version is acm-68000/uk/product-governance-fca-prod-sourcebook/r1, with the chapter as of 2026-11-04.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "The research coverage field has not been read.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "The open research field has not been read.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "The market's vintage is not sealed. The live record began on 2026-09-11. Years 2021 through 2026 are sealed in the store but not served as of a date; the as-of door answers not_sealed.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "10 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://www.londonstockexchange.com/live-markets/market-data-dashboard/price-explorer"
  },
  {
   "for": "identity.isin",
   "source": "https://api.londonstockexchange.com/api/gw/lse/instruments/alldata/TERN"
  },
  {
   "for": "identity.jurisdiction",
   "source": "https://find-and-update.company-information.service.gov.uk/company/05131386"
  },
  {
   "for": "identity.lei",
   "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download"
  },
  {
   "for": "identity.sector",
   "source": "https://www.londonstockexchange.com/stock/TERN/tern-plc/company-page"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.uk-cm-kg.ai/events/AIM/TERN"
  },
  {
   "for": "the halt flag",
   "source": "https://marketsecurities.fca.org.uk/officiallist"
  },
  {
   "for": "the auditor",
   "source": "https://find-and-update.company-information.service.gov.uk/company/05131386/filing-history/MzUyODgyMDc0MGFkaXF6a2N4/document?format=pdf&download=0"
  },
  {
   "for": "the orderability chapter",
   "source": "https://mcp.uk-cm-kg.ai/book/aio.json"
  },
  {
   "for": "the record",
   "source": "https://mcp.uk-cm-kg.ai/record/AIM/TERN"
  }
 ],
 "title": "TERN PLC (TERN) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}