A mobile technology developer has signaled it expects pre-tax profits to be ahead of market expectations after a year of strong trading.

Crimson Tide, based in Tunbridge Wells, said the firm’s results had been buoyed by the roll out of its flagship product – its cloud-based delivery software mpro5 – to a food and beverage company in Australia.

Turnover last year was similar to the 12 months before but the business expects to expand with deliveries planned in Germany and North America.

It comes after the company revealed it had agreed a new loan facility for up to £250,000 with Lombard Technology Services, an asset finance and equipment leasing firm.

The company drew £249,000 immediately to pay for smartphones and tablets already financed from its operating cash flow.

The firm is also negotiating a new finance deal with NatWest.

Executive chairman Barrie Whipp said: “2014 proved to be an excellent year of progress for the company and as announced recently, we are in a strong cash position which gives us a platform to grow ambitiously. The opportunities in front of us are very exciting.”