RACEHORSE trainers are getting a closer insight into thoroughbreds’ performances thanks to a growing technology company.

Fine Equinity is expanding with apparatus it says can scrutinise animals’ welfare by using GPS to monitor heart rate and stride patterns.

Bosses say the equipment, which has been adopted by trainers such as Michael Dods, allows trainers and owners to assess horses’ performances anywhere in the world.

The system was devised by racehorse owners, Keith Hanson and Steven Catchpole, and has been supported by a £400,000 investment from NEL Fund Managers.

Mr Hanson said the company, based on the outskirts of Stockton, is now ready to expand into subdivisions, such as polo and show jumping.

He said: “Many owners are business people who are often away travelling, and the system allows them to easily keep up with how their horses are performing.

“The response we’ve had from the industry has been very positive and there are many other pursuits where we think the equipment will be just as useful.”

Mr Hanson added Michael Dods, whose stables are based outside Darlington, is not alone in his use of the technology, with North Yorkshire’s Brian Ellison joining customers in the US, Australia and Dubai.

Jane Siddle, investment executive at NEL Fund Managers, said: “This product has the potential to become a huge success in many spheres.”