pdx27 Mar 2012 21:11
Pursuit Dynamics, the fluid technology solutions developer, has said that following its recent fund-raising, the company's cash balances at March 23rd were £9.8m, while its cost-cutting programme has reduced headcount by 25% and reduced expenditure from around £1.2m a month to £1m a month, with plans to reduce it to £0.75 a month later in the current financial year. The company Chairman, Andy Quinn, said that the firm was making progress across all divisions.