REG - Crimson Tide PLC - AGM Statement

Crimson TideAnnouncement

31/10/2025 07:00

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RNS Number : 5921F  Crimson Tide PLC  31 October 2025

 

31 October 2025

Crimson Tide plc

("Crimson Tide", the "Company" or the "Group")

 

AGM statement

At the Annual General Meeting of Crimson Tide today at 11.00 am, Chris
Fielding, Chair of the Company, will make the following statement:

"I am pleased to report that Crimson Tide has continued in its current
financial year to see evidence of the impact of its new strategy, which is
designed to result in sustainable growth.

We are aligning our cost base in a focussed manner for the business we
anticipate conducting over the coming year and beyond. We continue to focus on
renewing existing customer contracts (having renewed three of our largest five
already this year) and building a pipeline of enterprise targets across our
focus areas of retail, food safety and facilities management, as well as
focussing on reducing churn across our client base. I am delighted to report
ongoing progress across each of these objectives.

The Group's performance remains in line with the Board's expectations of
re-establishing the foundations for growth in future years. Cash as at 29
October 2025 amounted to £1.33 million, a level which we expect to largely
maintain through the rest of this financial year.

We anticipate announcing our interim results for the half year to 31 October
2025 before mid-December."

Enquiries:

 Crimson Tide plc                                             + 44 1892 542444
 Chris Fielding, Non-Executive Chair
 Jon Clarke, Chief Executive Officer

 Rachael Rowe, Finance Director

 Allenby Capital Limited - Nominated Adviser & Broker         +44 (0)20 3328 5656
 Jeremy Porter / Ashur Joseph (Corporate Finance)             info@allenbycapital.com
 Tony Quirke / David Johnson (Sales & Corporate Broking)

 

 

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