Pipehawk (GB:PIP) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
PipeHawk PLC has disclosed that its subsidiary, QM Systems Limited, is entering administration under RSM UK Restructuring Advisory LLP, following a significant loss and a drop in revenue. The Board assures that this move will not affect the continuing operations of the PipeHawk Group, which plans to keep trading as usual. QM was responsible for a substantial portion of PipeHawk’s revenue and this development could have implications for shareholders and the company’s financial health.
For further insights into GB:PIP stock, check out TipRanks’ Stock Analysis page.