B 
245.00p
-0.81%
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
£135.6m
FY2017FY2026
Net income
£2.3m
FY2017FY2026
Free cash flow
£10.7m
FY2017FY2026
Shareholders' equity
£82.4m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £135.6m | £141.9m | £152.8m | £152.9m | £101.3m | £83.7m | £117.7m | £117.9m | £103.0m | £135.9m |
| Research and development | — | — | — | — | — | — | — | £56,000 | £56,000 | £56,000 |
| Operating income | £12.5m | £11.2m | £9.0m | £11.7m | £9.5m | £6.6m | £11.1m | £9.1m | £7.3m | £4.2m |
| Net income | £2.3m | £6.1m | £4.6m | £4.6m | £5.8m | £2.8m | £4.0m | −£4.7m | −£2.9m | £191,000 |
| Diluted earnings per share | 0.06 | 0.17 | 0.13 | 0.13 | 0.16 | 0.07 | 0.12 | -0.15 | -0.09 | 0.01 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £155.4m | £157.4m | £161.6m | £177.9m | £149.6m | £158.3m | £183.0m | £163.5m | £161.5m | £154.8m |
| Cash and short-term investments | £23.4m | £20.5m | £28.0m | £34.7m | £14.0m | £14.1m | £28.7m | £24.1m | £5.4m | £7.7m |
| Total liabilities | £73.1m | £73.3m | £82.0m | £101.3m | £78.1m | £91.8m | £125.5m | £105.2m | £67.8m | £54.6m |
| Debt | £34.3m | £34.6m | £34.7m | £36.4m | £35.9m | £51.3m | £70.3m | £46.8m | £15.2m | £622,000 |
| Shareholders' equity | £82.4m | £84.2m | £79.6m | £76.7m | £71.5m | £66.5m | £57.5m | £58.4m | £93.7m | £100.2m |
| Shares outstanding | 36m | 36m | 36m | 36m | 37m | 38m | 34m | 31m | 31m | 33m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £12.1m | £5.9m | £5.2m | £22.1m | £20.8m | £13.3m | £10.3m | £6.1m | £2.7m | £4.7m |
| Capital spending | −£1.4m | −£615,000 | −£535,000 | −£785,000 | −£1.2m | −£1.1m | −£1.7m | −£2.8m | −£960,000 | −£990,000 |
| Free cash flow | £10.7m | £5.3m | £4.6m | £21.3m | £19.6m | £12.2m | £8.5m | £3.3m | £1.8m | £3.7m |
| Dividends paid | −£1.6m | −£5.5m | −£2.4m | −£3.2m | −£2.1m | −£2.1m | −£4.6m | −£4.6m | −£3.0m | −£7.9m |
Latest quarters
By quarter end
| Feb 2026 | Aug 2025 | Feb 2025 | Aug 2024 | Feb 2024 | Aug 2023 | May 2023 | Feb 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £71.7m | £63.9m | £65.9m | £76.0m | £77.8m | £74.9m | £37.5m | £83.5m |
| Operating income | £7.6m | £4.9m | £8.8m | £4.6m | £10.8m | £4.8m | £2.2m | £8.8m |
| Net income | £2.1m | £214,000 | £4.0m | £2.1m | £3.1m | £1.6m | £782,000 | −£4.0m |
| Diluted earnings per share | 0.06 | 0.01 | 0.11 | 0.06 | 0.09 | 0.04 | 0.02 | -0.11 |
| Cash from operations | £11.0m | — | £1.0m | £4.0m | £5.0m | — | — | £13.0m |
| Total assets | £155.4m | £153.6m | £157.4m | £160.6m | £161.6m | £164.9m | £164.9m | £177.9m |
| Cash and short-term investments | £23.4m | £20.7m | £20.5m | £26.0m | £28.0m | £29.1m | £29.1m | £34.7m |
| Debt | £29.9m | £2.6m | £28.1m | £29.9m | £31.9m | £30.7m | £30.7m | £34.3m |
| Shareholders' equity | £82.4m | £83.7m | £84.2m | £85.0m | £79.6m | £80.4m | £80.5m | £76.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -3.9% | 10.1% | -1.6% |
| Operating income | 2.3% | 13.6% | -1.0% |
| Net income | -20.9% | -3.9% | -10.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 8.5% | 7.6% | 7.9% | 7.6% |
| Net margin | 3.0% | 3.0% | 3.4% | 2.1% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 37.4 | 12.7 | 18.1 | 21.5 | 18.9 | 37.1 | 13.3 | -14.2 | -21.9 | 470.0 |
| Price to sales | 0.6 | 0.6 | 0.6 | 0.7 | 1.1 | 1.2 | 0.5 | 0.6 | 0.6 | 0.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 27 Nov 2025.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.05 | 0.135 | 0.12 | 0.11 | 0.07 | 0.15 | 0.15 | 0.10 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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