A 
795.00p
-1.24%
Close of 9 Nov 2026, in pence
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in GBP, from our data supplier.
Revenue
£114.7m
FY2016FY2025
Net income
£12.0m
FY2016FY2025
Free cash flow
£21.6m
FY2016FY2025
Shareholders' equity
£139.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £114.7m | £111.3m | £100.8m | £80.3m | £65.4m | £61.5m | £58.0m | £37.1m | £24.6m | £20.5m |
| Research and development | £200,000 | — | £247,000 | £1.7m | £1.4m | £773,000 | £795,000 | £478,458 | £375,016 | £448,047 |
| Operating income | £15.5m | £12.7m | £12.6m | £5.2m | £4.2m | £5.4m | £10.8m | £7.9m | £4.4m | £4.4m |
| Net income | £12.0m | £9.7m | £11.0m | £4.7m | £3.0m | £4.0m | £8.7m | £7.0m | £3.9m | £3.9m |
| Diluted earnings per share | 0.51 | 0.42 | 0.47 | 0.21 | 0.13 | 0.18 | 0.40 | 0.35 | 0.20 | 0.22 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £188.9m | £176.0m | £170.6m | £141.3m | £132.0m | £118.9m | £124.4m | £48.5m | £35.5m | £21.3m |
| Cash and short-term investments | £44.7m | £31.8m | £33.5m | £30.1m | £23.3m | £31.2m | £36.2m | £15.9m | £9.6m | £10.4m |
| Total liabilities | £49.0m | £44.7m | £45.5m | £29.3m | £27.0m | £16.1m | £25.6m | £10.5m | £7.3m | £3.8m |
| Debt | £3.3m | £3.2m | £1.5m | £943,000 | £967,000 | £1.2m | £13.9m | £7.7m | — | — |
| Shareholders' equity | £139.9m | £131.3m | £125.2m | £112.0m | £105.0m | £102.8m | £98.8m | £38.0m | £28.2m | £17.5m |
| Shares outstanding | 23m | 23m | 23m | 23m | 23m | 23m | 21m | 20m | 19m | 17m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £24.7m | £23.5m | £19.3m | £17.9m | £15.2m | £4.9m | £8.8m | £9.0m | £1.8m | £4.1m |
| Capital spending | −£3.1m | −£3.8m | −£3.4m | −£3.8m | −£6.6m | −£8.2m | −£4.9m | −£3.7m | −£8.0m | −£1.6m |
| Free cash flow | £21.6m | £19.7m | £15.9m | £14.1m | £8.6m | −£3.3m | £3.8m | £5.3m | −£6.2m | £2.5m |
| Dividends paid | −£1.9m | −£1.5m | −£1.3m | −£1.1m | −£1.4m | −£626,000 | −£747,000 | −£667,905 | −£576,805 | −£495,763 |
Latest quarters
By quarter end
| Feb 2026 | Aug 2025 | Feb 2025 | Aug 2024 | Feb 2024 | Aug 2023 | Feb 2023 | Nov 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £48.8m | £56.7m | £58.0m | £59.0m | £52.3m | £51.7m | £49.0m | £24.5m |
| Operating income | −£12.0m | £8.8m | £7.2m | £7.4m | £5.6m | −£419,000 | £3.3m | £1.1m |
| Net income | −£12.2m | £6.9m | £5.1m | £5.5m | £4.2m | £9.5m | £1.5m | £768,000 |
| Diluted earnings per share | -0.53 | 0.30 | 0.22 | 0.24 | 0.18 | 0.41 | 0.07 | 0.03 |
| Cash from operations | £4.0m | £18.0m | £6.0m | £14.0m | £9.0m | £12.0m | £6.0m | — |
| Capital spending | −£1.0m | −£1.0m | −£1.0m | −£2.0m | −£1.0m | −£2.0m | −£1.0m | — |
| Free cash flow | £3.0m | £17.0m | £5.0m | £12.0m | £8.0m | £10.0m | £5.0m | — |
| Total assets | £178.6m | £188.9m | £186.3m | £176.0m | £170.5m | £170.6m | £171.3m | £171.3m |
| Cash and short-term investments | £42.9m | £44.7m | £30.6m | £31.8m | £31.9m | £33.5m | £29.0m | £29.0m |
| Debt | £1.1m | £1.1m | £1.8m | £1.0m | £707,000 | £570,000 | £6.8m | £7.0m |
| Shareholders' equity | £126.4m | £139.9m | £136.0m | £131.3m | £127.0m | £125.2m | £115.9m | £115.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 12.6% | 13.3% | 21.4% |
| Operating income | 43.6% | 23.4% | 15.3% |
| Net income | 36.3% | 24.4% | 14.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 12.5% | 11.3% | 10.4% | 12.6% |
| Net margin | 9.6% | 9.2% | 8.3% | 10.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 25.1 | 46.8 | 37.8 | 77.6 | 135.1 | 118.4 | 52.0 | 39.7 | 49.6 | 24.6 |
| Price to sales | 2.6 | 4.1 | 4.1 | 4.6 | 6.2 | 7.7 | 7.8 | 7.5 | 7.9 | 4.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 12 years. Last went ex-dividend on 30 Apr 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.094 | 0.081 | 0.067 | 0.055 | 0.05 | 0.06 | 0.028 | 0.038 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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