Trakm8 enters into growth capital loan as it stabilises revenues

18th Dec 2019 09:56

(Sharecast News) - Telematics and data insight provider Trakm8 Holdings said on Wednesday that, following a period of stabilised revenues, and with the group returning to growth, it has entered into a £1.4m growth capital loan with MEIF WM Debt LP to fund its potential working capital requirements.
The AIM-traded firm said the loan was repayable in instalments by 30 June 2024.

"The group is also pleased to announce that it has now received its research and development corporate tax credit cash of £1.01m," the board added in its short statement.