HMRC R&D Tax Credit

Sorted Group Holdings PLC

30 April 2024

 

30 April 2024

Sorted Group Holdings Plc

("Sorted", the "Company" or the "Group")

HMRC R&D Tax Credit

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 £2.0m in research and development ("R&D") tax credits from His Majesty's Revenue & Customs ("HMRC") (the "R&D Tax Credit"). The R&D Tax Credit relates to Sorted Group Limited's claim made to HMRC in respect of the financial year ended 30 September 2022.

The R&D Tax Credit has directly been applied towards reducing the Group's pay as you earn ("PAYE") and value added tax ("VAT") liabilities for the financial year ended 31 December 2023 and to 29 February 2024.

For further information please contact:

Sorted Group Holdings Plc                                                                               via Allenby Capital

Simon Wilkinson, Chairman

Carmen Carey, Chief Executive Officer

Mahmoud Warriah, Chief Financial Officer

Allenby Capital Limited (Nominated Adviser)                                            Tel: [phone]

David Hart

Vivek Bhardwaj

Turner Pope Investments (TPI) Ltd (Broker)                                              Tel: [phone]

James Pope

Andy Thacker

About Sorted

Sorted's Delivery Experience supports retailers in providing exceptional delivery experiences and analysing post-purchase performance. It enables customers to track deliveries and returns or exchange of parcels with ease.

Founded more than a decade ago, Sorted is trusted by leading retailers - such as Asda, ASOS and M&S - to make customer purchase experiences a differentiator.

www.sorted.com

@SortedOfficial

Media contact - Shaun Weston - [e-mail]

 

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