Sorted Group secures £308,000 HMRC R&D tax credit to bolster working capital

The latest announcement is out from Location Sciences Group Plc ( (GB:SORT) ).

Sorted Group Holdings has received approximately £308,000 in cash from a successful HMRC research and development tax credit claim relating to its activities for the year ended 31 December 2024. The company plans to use the proceeds to support general working capital needs, providing an additional liquidity boost that should help underpin ongoing operations and product development in its delivery experience and post-purchase technology business.

The most recent analyst rating on (GB:SORT) stock is a Sell with a £23.50 price target. To see the full list of analyst forecasts on Location Sciences Group Plc stock, see the GB:SORT Stock Forecast page.

Spark’s Take on GB:SORT Stock

According to Spark, TipRanks’ AI Analyst, GB:SORT is a Underperform.

The overall stock score is primarily driven by significant financial performance concerns, including high leverage and negative profitability margins. Technical analysis indicates bearish momentum, with the stock being oversold. The valuation is unattractive due to a negative P/E ratio and lack of dividend yield. These factors collectively suggest caution for potential investors.

To see Spark’s full report on GB:SORT stock, click here.

More about Location Sciences Group Plc

Sorted Group Holdings Plc, listed on AIM under the ticker SORT, is a technology company specialising in delivery experience and post-purchase platforms for retailers. Its solutions help merchants offer smoother parcel delivery, real-time tracking and performance analytics, and are used by major UK retailers including Marks & Spencer, Asda and logistics firm Wincanton to enhance customer purchase journeys and differentiate their service in a competitive retail market.

Average Trading Volume: 4,713

Technical Sentiment Signal: Sell

Current Market Cap: £2.29M

For an in-depth examination of SORT stock, go to TipRanks’ Overview page.