Last checked at 5 Sep 2023 13:05
5 September 2023
TPXimpact Holdings PLC
("TPXimpact", "TPX", the "Group" or the "Company")
Update on current trading and Notice of AGM
TPXimpact Holdings PLC, the technology-enabled services company focused on people-powered transformation, provides an update on current trading and notice of AGM.
Current trading
The Board is pleased to confirm trading in the three months to 30 June 2023 ("Q1 2024") was in line with management expectations, with like-for-like revenue growth of over 11% and operating margin in line with budget. As stated in the preliminary results new business wins exceeded £90 million in the quarter. Q2 2024 has started well, with like-for-like revenue growth of 26% in the month of July.
Net debt (excluding lease liabilities) was £17.9 million at 30 June 2023. The Group's new banking covenants came into effect on 1 July 2023 and liquidity has comfortably exceeded the relevant thresholds since that date.
Management remains committed to achieving the FY24 targets of like-for-like revenue growth of 15-20% and Adjusted EBITDA margin of 5-6% and are encouraged by the strong start to the year.
Notice of AGM
The Company has today posted its report and accounts for the financial year ended 31 March 2023, together with the notice of AGM, to those shareholders who have requested hard copies. Electronic copies of both documents are available to download on the Company's website at www.tpximpact.com/investor-relations in accordance with AIM Rule 20.
The Group's Annual General Meeting ("AGM") will be held on 28 September 2023 at 9:30 a.m. at the offices of Stifel Nicolaus Europe Limited, 150 Cheapside, Fourth Floor, London, EC2V 6ET.
TPX invites shareholders to submit questions in advance of the AGM by emailing them to tpx@almapr.co.uk.Questions should be submitted by 9 a.m. on 26 September 2023 and the Company will ensure, to the extent it is able to do so, that the answers are directly responded to, with responses to questions of common interest also made available on its website at www.tpximpact.com as soon as practical following the meeting.
ENDS
Enquiries:
TPXimpact Holdings Bjorn Conway, CEO Steve Winters, CFO Stifel Nicolaus Europe Limited (Nomad and Joint Broker) Fred Walsh Ben Burnett |
Via Alma PR
+44 (0) 207 710 7600 |
Dowgate Capital Limited (Joint Broker) James Serjeant David Poutney
|
+44 (0) 203 903 7715 |
Alma PR (Financial PR) Josh Royston Kieran Breheny Matthew Young | tpx@almapr.co.uk +44 (0) 203 405 0209
|
About TPXimpact
We believe in a world enriched by people-powered digital transformation. Working together in close collaboration, we want to help our clients reimagine their organisations, services and experiences to accelerate positive change and build a future where people, places and the planet are supported to thrive.
Led by passionate people, we care deeply about the work we do and the impact we have in the world. Working alongside our clients teams, we work to understand their unique challenges and find new ways forward together; challenging assumptions, testing new approaches and building capabilities, leaving them with the tools, the insight and the confidence to continue iterating and innovating.
Combining rich heritage and expertise in human-centred design, data, experience and technology, we bring over 15 years experience across the public, private and third sectors, creating 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 c.72% of its client base representing the public sector and c.28% representing the commercial sector.
More information is available at www.tpximpact.com.