B 
226.00p
0.00%
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.
Net income
£34.7m
FY2017FY2026
Free cash flow
—
FY2017FY2026
Shareholders' equity
£245.6m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating income | £36.0m | £16.9m | £1.5m | £2.7m | −£57.5m | £98.5m | −£37.6m | £324,000 | £25.5m | £45.9m |
| Net income | £34.7m | £16.9m | £389,000 | £2.2m | −£57.5m | £98.4m | −£37.6m | £257,000 | £25.5m | £45.9m |
| Diluted earnings per share | 0.32 | 0.14 | 0.00 | 0.01 | -0.38 | 0.64 | -0.25 | 0.00 | 0.17 | 0.30 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £270.8m | £285.6m | £300.7m | £309.5m | £309.9m | £366.1m | £264.1m | £306.2m | £324.7m | £306.3m |
| Cash and short-term investments | £1.9m | £823,000 | £1.9m | £5.5m | £1.5m | £1.9m | £3.5m | £4.5m | £3.6m | £1.7m |
| Total liabilities | £25.2m | £25.5m | £17.6m | £15.1m | £7.0m | £3.0m | £392,000 | £447,000 | £12.5m | £1.9m |
| Debt | £24.4m | £24.4m | £16.4m | £14.4m | £6.5m | £2.5m | — | — | £12.0m | — |
| Shareholders' equity | £245.6m | £260.1m | £283.2m | £294.4m | £302.9m | £363.1m | £263.7m | £305.7m | £312.3m | £304.4m |
| Shares outstanding | 108m | 125m | 145m | 150m | 152m | 153m | 151m | 151m | 151m | 155m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £5.3m | £5.3m | £6.8m | £5.3m | £5.0m | £2.7m | £5.3m | £7.4m | £9.8m | £9.8m |
| Capital spending | −£5.3m | — | — | — | — | — | — | — | — | — |
| Free cash flow | — | £5.3m | £6.8m | £5.3m | £5.0m | £2.7m | £5.3m | £7.4m | £9.8m | £9.8m |
| Dividends paid | −£7.1m | −£8.1m | −£5.4m | −£6.0m | −£3.7m | −£4.7m | −£4.4m | −£6.8m | −£8.8m | −£8.8m |
Latest quarters
By quarter end
| Apr 2026 | Oct 2025 | Apr 2025 | Oct 2024 | Apr 2024 | Jan 2024 | Oct 2023 | Jul 2023 | |
|---|---|---|---|---|---|---|---|---|
| Operating income | −£3.6m | £39.6m | −£4.0m | £22.3m | £35.7m | £17.8m | −£17.3m | −£17.3m |
| Net income | −£4.1m | £38.9m | −£4.7m | £21.6m | £35.0m | £17.5m | −£17.3m | −£17.3m |
| Diluted earnings per share | -0.04 | 0.31 | -0.04 | 0.15 | 0.24 | 0.12 | -0.12 | -0.12 |
| Cash from operations | £1.0m | £3.0m | £1.0m | £3.0m | £2.0m | £1.0m | £4.0m | £2.0m |
| Capital spending | −£1.0m | — | −£1.0m | — | — | — | — | — |
| Free cash flow | £0 | — | £0 | — | — | — | — | — |
| Total assets | £270.8m | £295.4m | £285.6m | £313.3m | £300.7m | £300.7m | £271.4m | £271.4m |
| Cash and short-term investments | £1.9m | £2.5m | £823,000 | £6.8m | £1.9m | £1.9m | £5.3m | £5.3m |
| Debt | £24.4m | — | — | £24.4m | £16.4m | £17.6m | £16.4m | £16.4m |
| Shareholders' equity | £245.6m | £269.4m | £260.1m | £287.8m | £283.2m | £283.2m | £253.5m | £253.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 139.1% | -17.4% | — |
| Operating income | 135.8% | -18.2% | — |
| Net income | 149.2% | -18.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 93.1% | 90.6% | 93.6% | 93.1% |
| Net margin | 90.9% | 86.0% | 90.7% | 90.5% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 7.1 | 15.1 | — | 111.0 | -4.4 | 3.8 | -9.0 | — | 9.6 | 6.0 |
| Price to sales | 6.5 | 13.5 | 73.8 | 89.7 | -4.4 | 3.8 | -9.2 | 324.6 | 9.5 | 5.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 32 years. Last went ex-dividend on 13 Aug 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.062 | 0.057 | 0.056 | 0.036 | 0.039 | 0.024 | 0.031 | 0.03 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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