A 
102.20p
+1.39%
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
£23.0m
FY2017FY2026
Net income
£9.9m
FY2017FY2026
Free cash flow
£13.1m
FY2017FY2026
Shareholders' equity
£172.0m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £23.0m | £31.3m | £24.3m | −£2.9m | £54.3m | £27.9m | £5.8m | £18.1m | £13.5m | £8.5m |
| Research and development | — | — | — | £1 | £2 | £1 | £0 | £1 | £1 | £0 |
| Operating income | £14.1m | £24.4m | £10.9m | −£9.6m | £47.5m | £22.2m | £3.7m | £16.6m | £10.5m | £6.1m |
| Net income | £9.9m | £24.3m | £9.0m | −£11.3m | £46.7m | £22.2m | £3.7m | £15.5m | £10.5m | £6.1m |
| Diluted earnings per share | 0.06 | 0.15 | 0.06 | -0.07 | 0.29 | 0.14 | 0.02 | 0.10 | 0.07 | 0.05 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £240.0m | £241.4m | £232.4m | £233.8m | £252.3m | £200.8m | £204.3m | £202.9m | £199.1m | £150.2m |
| Cash and short-term investments | £15.2m | £26.0m | £11.4m | £14.3m | £6.8m | £17.4m | £9.9m | £2.1m | £8.4m | £3.7m |
| Total liabilities | £68.0m | £67.0m | £69.7m | £66.7m | £61.2m | £43.8m | £56.4m | £53.4m | £53.0m | £31.6m |
| Debt | £60.1m | £60.0m | £59.9m | £59.7m | £53.9m | £39.8m | £51.7m | £50.2m | £50.3m | £28.8m |
| Shareholders' equity | £172.0m | £174.4m | £162.8m | £167.1m | £191.1m | £157.1m | £147.9m | £149.5m | £146.0m | £118.7m |
| Shares outstanding | 159m | 158m | 158m | 158m | 158m | 158m | 158m | 153m | 152m | 125m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £13.1m | £8.6m | £11.7m | £9.8m | £12.3m | £10.5m | £13.0m | £12.8m | £8.0m | £9.1m |
| Free cash flow | £13.1m | £8.6m | £11.7m | £9.8m | £12.3m | £10.5m | £13.0m | £12.8m | £8.0m | £9.1m |
| Dividends paid | −£12.7m | −£12.7m | −£12.4m | −£13.0m | −£12.5m | −£12.7m | −£12.1m | −£12.1m | −£10.0m | −£9.6m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Dec 2023 | Sept 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £12.4m | £10.5m | £11.8m | £10.9m | £13.1m | £6.6m | £11.2m | £5.6m |
| Operating income | £7.2m | £7.0m | £6.7m | £17.4m | £2.8m | £3.4m | £8.1m | £3.3m |
| Net income | £5.2m | £4.7m | £8.0m | £16.3m | £1.9m | £943,000 | £7.2m | £3.6m |
| Diluted earnings per share | 0.03 | 0.03 | 0.05 | 0.10 | 0.01 | 0.01 | 0.05 | 0.02 |
| Cash from operations | £8.0m | £5.0m | £4.0m | £5.0m | £7.0m | £4.0m | £2.0m | £1.0m |
| Total assets | £240.0m | £240.6m | £241.4m | £241.3m | £232.4m | £232.4m | £235.7m | £235.7m |
| Cash and short-term investments | £15.2m | £13.2m | £26.0m | £14.5m | £11.4m | £11.4m | £6.4m | £6.4m |
| Debt | £13,000 | £13,000 | — | — | £13,000 | £13,000 | £13,000 | £13,000 |
| Shareholders' equity | £172.0m | £172.8m | £174.4m | £172.8m | £162.8m | £162.8m | £167.9m | £167.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | — | -3.8% | 11.3% |
| Operating income | — | -8.6% | 9.3% |
| Net income | — | -14.8% | 3.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 71.0% | 52.6% | 69.3% | 71.9% |
| Net margin | 63.2% | 42.3% | 63.9% | 67.8% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 16.0 | 7.0 | 17.6 | -14.1 | 3.5 | 8.1 | 33.7 | 9.8 | 12.9 | 20.4 |
| Price to sales | 6.9 | 5.5 | 6.5 | -55.5 | 3.0 | 6.4 | 21.1 | 8.4 | 10.1 | 14.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 11 years. Last went ex-dividend on 6 Aug 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.04 | 0.08 | 0.08 | 0.08 | 0.08 | 0.055 | 0.07 | 0.075 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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