Thursday October 22, 2020

Trapedza losses mount to €2.3m

Trapedza Financial Systems, a small Dublin software firm, made a loss of more than €430,000 last year, pushing its accumulated loss to more than €2.3 million.

24th September, 2005

Trapedza Financial Systems, a small Dublin software firm, made a loss of more than €430,000 last year, pushing its accumulated loss to more than €2.3 million.

Accounts just filed by the firm show that it has raised €530,000 from existing investors led by Bank of Scotland (Ireland) to prevent its shareholders' funds from falling below zero.

The company had shareholders' funds of €466,390 at the end of January this year after raising the funds.

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