TPXimpact Holdings PLC - London-based IT consulting firm - Says it has been granted a waiver from its lender to test each of the financial covenants applicable to its GBP30 million revolving credit facility as of March 31. "TPXimpact's lender is currently undertaking a review of the group's short and medium term cash flow forecasts, the outcome of which will determine the nature and extent of future waivers," it says.
Also confirms that trading in January and February 2023 was in line with management expectations. Adds that the "momentum" in new orders has continued into the fourth quarter of financial 2023, with new business wins of over GBP30 million in the quarter. The company's financial year ends Friday.
Current stock price: 29.04 pence, up 1.9% in London on Friday
12-month change: down 86%
By Sophie Rose, Alliance News reporter
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Tpximpact Hldg (TPX)