HMRC R&D Tax Credit
Sorted Group Holdings Plc has received approximately £308,000 in cash from a successful His Majesty's Revenue & Customs research and development tax credit claim for the year ended 31 December 2024. The company intends to use these proceeds to support its general working capital requirements.
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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 £308,000 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 year ended 31 December 2024.
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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