HMRC R&D Tax Credit
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Sorted Group Holdings Plc (AIM: SORT), a leading provider of delivery experience and post-purchase technology, is pleased to announce that it has received approximately £1.1 million in cash as a result of a successful His Majesty's Revenue & Customs ("HMRC") research and development ("R&D") tax credit claim (the "R&D Tax Credit Claim"). The R&D Tax Credit Claim relates to Sorted Group Limited's claim made to HMRC in respect of the 15th month period ended 31 December 2023.
The Group intends to apply the proceeds of the R&D Tax Credit Claim towards the general working capital requirements of the Group.
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