Location Sciences Group Plc (GB:SORT) has released an update.
Sorted Group Holdings Plc has sold its Returns business, including its assets and intellectual property, to ZigZag Global Limited for £775,000, with the aim of concentrating on its core services ‘Ship’ and ‘Track’. The immediate cash received will help settle liabilities, and the move is expected to enhance Sorted’s focus on innovating its flagship carrier management and post-purchase experience solutions. The Returns business had previously generated a modest profit before tax and possessed assets valued at approximately £247,000 as of the end of 2023.
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