Trading in shares of Tewkesbury-based manufacturer Trackwise Designs suspended

Published by

Peter Davison

Trackwise Designs

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.

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.

Peter Davison

Peter Davison is deputy editor of The Business Magazine. He has spent his life in journalism – doing work experience in newsrooms in and around Bristol while still at school, and landing his first job on a local newspaper aged 19. By 28 he was the youngest newspaper editor in the country. An early advocate of online news, he spent the first years of the 2000s telling his bosses that the internet posed both the biggest opportunity and greatest threat to the newspaper industry and the art of journalism. He was right on both counts. Since 2006 he has enjoyed a career as a freelance journalist. He lives in rural Wiltshire with one wife, two children, and three cats.