A 
1.54p
-3.75%
Close of 9 Nov 2026, in pence
Search any instrument
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
−£3.1m
FY2016FY2025
Net income
−£3.3m
FY2016FY2025
Free cash flow
−£7.1m
FY2016FY2025
Shareholders' equity
£12.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | −£3.1m | −£29.2m | £32.4m | −£40.9m | £96.3m | −£5.1m | £24.1m | £35.8m | £46.4m | £17.8m |
| Gross profit | −£217,525 | −£29.2m | £19.2m | −£40.9m | £96.3m | −£5.1m | £24.1m | £35.8m | £46.4m | £17.8m |
| Operating income | −£951,716 | −£42.8m | £17.6m | −£47.8m | £85.7m | −£13.3m | £26.1m | £30.9m | £42.5m | £14.2m |
| Net income | −£3.3m | −£42.9m | −£8.3m | −£51.1m | £85.7m | −£15.8m | £16.1m | £30.9m | £42.5m | £14.2m |
| Diluted earnings per share | -0.01 | -0.11 | -0.02 | -0.13 | 0.22 | -0.04 | 0.04 | 0.08 | 0.11 | 0.04 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £12.9m | £48.7m | £456.1m | £444.9m | £526.6m | £459.6m | £505.8m | £512.2m | £468.8m | £445.7m |
| Cash and short-term investments | £4.6m | £36.7m | £6.7m | £15.9m | £13.8m | £9.4m | £6.5m | £8.3m | £14.3m | £13.1m |
| Total liabilities | £752,858 | £18.3m | £158.0m | £121.7m | £125.7m | £128.1m | £141.0m | £142.8m | £122.8m | £137.3m |
| Debt | — | — | £143.1m | £110.0m | £110.6m | £110.4m | £128.2m | £129.2m | £109.1m | £124.0m |
| Shareholders' equity | £12.1m | £30.4m | £298.1m | £323.3m | £400.8m | £331.5m | £364.8m | £369.4m | £346.0m | £308.4m |
| Shares outstanding | 381m | 381m | 381m | 383m | 396m | 407m | 406m | 405m | 392m | 381m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −£6.6m | £15.5m | £21.0m | £18.3m | £17.0m | £15.7m | £18.6m | £37.4m | £5.9m | £20.8m |
| Capital spending | −£418,810 | −£1.3m | −£1.5m | −£60,322 | −£8.0m | — | — | −£36.6m | — | — |
| Free cash flow | −£7.1m | £14.2m | £19.4m | £18.3m | £9.0m | £15.7m | £18.6m | £810,993 | £5.9m | £20.8m |
| Dividends paid | −£14.9m | −£15.2m | −£15.2m | −£15.6m | −£15.0m | −£15.5m | −£19.3m | −£19.2m | −£18.6m | −£17.1m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | −£3.1m | — | −£45.5m | £6.3m | £16.4m | £8.2m | £16.6m |
| Gross profit | −£116,833 | −£111,525 | −£106,000 | −£45.5m | £6.3m | £16.4m | £8.2m | £16.6m |
| Operating income | −£362,030 | −£439,700 | −£512,016 | −£57.4m | −£14.4m | £14.5m | −£3.4m | −£6.3m |
| Net income | −£772,369 | −£1.6m | −£1.7m | −£31.6m | −£15.8m | −£11.3m | −£5.7m | −£11.1m |
| Diluted earnings per share | -0.00 | -0.00 | -0.00 | -0.08 | -0.04 | -0.03 | -0.01 | -0.03 |
| Cash from operations | — | £11.0m | −£17.0m | £16.0m | £5.0m | — | £2.0m | £10.0m |
| Capital spending | — | — | — | — | — | — | — | −£1.0m |
| Free cash flow | — | — | — | — | — | — | — | £9.0m |
| Total assets | — | £12.9m | £29.8m | £48.7m | £48.7m | £416.7m | £416.7m | £456.1m |
| Cash and short-term investments | — | £4.6m | £19.3m | £36.7m | — | £7.5m | £7.5m | £6.7m |
| Debt | — | — | — | — | — | £125.9m | — | — |
| Shareholders' equity | — | £12.1m | £28.7m | £30.4m | £30.4m | £279.5m | £279.5m | £298.1m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -57.7% | -9.5% | — |
| Operating income | -72.9% | -41.0% | — |
| Net income | -60.0% | -27.0% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 91.1% | 125.4% | 79.6% | 95.1% |
| Operating margin | 135.7% | 181.9% | -3.1% | 68.7% |
| Net margin | 143.1% | 259.3% | -70.3% | 47.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -2.8 | -0.2 | -9.3 | -1.8 | 1.4 | -5.9 | 8.7 | 4.0 | 3.3 | 8.8 |
| Price to sales | -2.9 | -0.3 | 2.4 | -2.2 | 1.3 | -18.1 | 5.8 | 3.5 | 3.0 | 7.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 22 years. Last went ex-dividend on 6 Nov 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.003 | 0.001 | 0.00 | 0.00 | 0.018 | 0.022 | 0.008 | 0.011 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.