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30 Jul 2025 07:00
TPXimpact Holdings PLC
("TPXimpact", the "Group" or the "Company")
Debt Facility Renewal Update
TPXimpact Holdings PLC (AIM: TPX), the technology-enabled services company focused on people-powered digital transformation, announces that it has entered into a new agreement to refinance its existing facilities.
Debt Facility
Further to the unaudited preliminary results for the year ended 31 March 2025 ("FY25") and the trading update for the year ending 31 March 2026 ("FY26"), the Company is pleased to announce that it has renewed and extended its existing banking facilities with HSBC (the "Facility").
The facility consists of a £11m Revolving Credit Facility ("RCF") with a £5.5m accordion and a £4m overdraft (renewed annually) for working capital purposes. The new RCF has an initial term of three years and may be extended by one year by mutual agreement, with a further option to extend for an additional year thereafter. The RCF is a Sustainability Improvement Loan with potential margin reduction linked to improvements in the Company's EcoVadis rating.
Management continues to expect net debt to reduce, targeting a year-end range of £7-8m, resulting in reduced leverage of around 1.0-1.5x net debt to adjusted EBITDA, well within the Company's banking covenants.
Bjorn Conway, Chief Executive Officer, commented:
"We continue to remain committed to operational discipline and purpose-led transformation and this new facility with our long-term partner HSBC is just the latest development in our quest for value creation from a financially stable footing."
Enquiries:
TPXimpact Holdings Bjorn Conway, CEO Noel Douglas, CFO
Stifel Nicolaus Europe Limited (Nomad and Joint Broker) Fred Walsh Brough Ransom Ben Good
| Via Alma Strategic
+44 (0) 207 710 7600 |
Dowgate Capital Limited (Joint Broker) James Serjeant Russell Cook Amber Higgs | +44 (0) 203 903 7715 |
Alma Strategic Communications (Financial PR) Josh Royston Andy Bryant Louisa El-Ahwal | tpx@almastrategic.com +44 (0) 203 405 0209 |
About TPXimpact
We believe in a world enriched by people-powered digital transformation. Working in collaboration with organisations, we're on a mission to accelerate positive change and build a future where people, places and the planet are supported to thrive.
Led by passionate people, TPXimpact works closely with its clients in agile, multidisciplinary teams; challenging assumptions, testing new approaches and building confidence and capabilities. Combining our rich heritage with expertise in human-centred design, data, experience and technology, we work to create sustainable solutions with the flexibility to learn, evolve and change.
The business is being increasingly recognised as a leading alternative digital transformation provider to the UK public services sector, with over 90% of its client base representing public services.
More information is available at www.tpximpact.com.
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