Tekmar Group plc (GB:TGP) has released an update.
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Tekmar Group plc, a leader in offshore energy technology and services, has successfully renewed its banking facilities with Barclays, maintaining a trade loan facility of up to £4 million supported by UK Export Finance and extending its £3 million CBILS facility to October 2025. As of June 30th, 2024, the company reported holding £2.8 million in cash with a net debt of £4.0 million. This financial restructuring assures the ongoing support and stability for the Group’s operations in the global energy transition market.
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