Tide turns for investors

New deal helps technology company push into Europe

Crimson Tide, the Tunbridge Wells company whose app mpro5 is used by the Metro newspaper to track its circulation in real time, has announced its intention to pay dividends.

The AIM listed firm has undergone a reconstruction of its balance sheet which will allow a portion of positive earnings to be allocated to dividends, subject to director approval.

Chief executive Barrie Whipp said: “Considering the company’s recent performance, we have decided to undertake this exercise to allow dividends to be considered for the first time since we came to AIM.”

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