Tax Systems trading in line with expectations after AIM re-listing

Tax Systems, a supplier of corporation tax software and services, is trading in line with expectations after it was re-listed on AIM.

The company said that it performed as budgeted at the time of re-admission to AIM in July 2016, and that trading and net debt for the year ended 31 December 2016 are in line with expectations.

Since July, the company said it had strengthened its management team to drive organic growth and growth through acquisitions, while supporting its existing customer base.

Shares in Tax Systems were down 4.96% to 67p at 0821 GMT.