NEWS15 September 2009

IQ Holdings raises £150,000 through loan note issue

UK— IQ Holdings, the owner of IQ Research, Viewpoint Field & Studios and Rossyln Research, has raised £150,000 for working capital purposes through the issue of convertible unsecured loan notes.

The firm faced “very challenging” trading conditions in the first half of its financial year, reporting a loss of £298,000 in June. At the time IQ said it expected to make a profit in the second half, resulting in a “modest” full-year loss.

For the year ending 30 September 2008 the group was £440,000 in the red.