Trading in shares of Tewkesbury-based manufacturer Trackwise Designs suspended
Trading in shares of Tewkesbury-based manufacturer Trackwise Designs was suspended on the Alternative Investment Market (AIM) at the London Stock Exchange today (Monday) pending the publication of the company's annual audited accounts.
Read more: Trackwise to sell off Stevenage Circuits to boost balance sheet
Trackwise, which specialist products using printed circuit technology, said its 2022 audit was delayed due to the intensive demands on its management team and the need to address the impact of delays with an existing electric vehicle OEM customer.
In May the company sold subsidiary Stevenage Circuits, which it had acquired in 2020 in order to boost its balance sheet. The move followed the appointment in January of Andrew Lapping as Non-Executive Chairman after a tough period of trading.
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There has been recent good news, though. In April the firm was awarded the prestigious King’s Award for Enterprise for Innovation.
