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Strip Tinning Holdings plc announced on 29 April 2025 the receipt of £698k from HMRC for its FY22 R&D tax credit. This payment exceeded the amount previously notified on 1 April 2025. The Company also noted £122k remains outstanding for the FY22 claim, and it anticipates receiving its FY23 R&D tax claim payment in H2/Q3 2025.
| Date | 29 Apr 2025 |
| Time | 07:00:08 |
| Category | Miscellaneous |
| ID | 5121G |
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR. Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered in the public domain.
Strip Tinning Holdings plc
("Strip Tinning" or the Company")
Receipt of c. £700k FY22 R&D tax credit
Strip Tinning Holdings plc (AIM: STG), a leading supplier of specialist connection systems to the automotive sector, is pleased to advise that it has now received payment from HMRC in the amount of £698k in respect of its FY22 R&D tax credit. This payment, which includes interest, is more than the amount previously notified on 1 April 2025. There remains an element outstanding for the FY22 claim of £122k over which the Company are still in discussions with HMRC. It is now expected that payment of the FY23 R&D tax claim will be received in H2/Q3 2025.
The person responsible for arranging the release of this information on behalf of the Company is Adam Robson, Executive Chair
Enquiries:
Strip Tinning Holdings plc
Adam Robson, Executive Chair
Mark Perrins, Chief Executive Officer +44(0) 121 457 7675
Kevin Edwards, Chief Financial Officer
Singer Capital Markets (Nominated Adviser and Sole Broker) +44 (0) 20 7496 3000
Rick Thompson
James Fischer