EasyScreen secures short term funding
18 July 2003 | 3709 views | 0
Trading technology firm EasyScreen has managed to secure £600,000 in short term funding from third party investors to cover immediate cash requirements.
The funding comprises of short term loans of £500,000 from GEM Global Yield Fund, £50,000 from EasyScreen chairman Philip Docker and £50,000 from Paul Varcoe, a founder shareholder and former director of the company.
EasyScreen announced plans to seek the funding in June after reporting an 18% decline in turnover to £5.5 million and net losses of £3.4 million for the year ending March 2003.