B 
287.00p
+0.70%
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
£11.8m
FY2016FY2025
Net income
£11.0m
FY2016FY2025
Free cash flow
£36.6m
FY2016FY2025
Shareholders' equity
£129.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £11.8m | £23.5m | −£8.4m | £13.0m | £45.7m | −£12.1m | £12.3m | £9.4m | £14.1m | £29.4m |
| Gross profit | — | — | — | — | — | — | £11.3m | £8.4m | £13.3m | £28.6m |
| Operating income | — | — | — | — | — | — | £10.9m | £8.1m | £12.9m | £28.3m |
| Net income | £11.0m | £22.6m | −£9.5m | £12.2m | £44.7m | −£13.3m | £10.4m | £7.6m | £12.3m | £27.7m |
| Diluted earnings per share | 0.19 | 0.31 | -0.12 | 0.21 | 0.79 | -0.23 | 0.14 | 0.11 | 0.18 | 0.38 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £130.2m | £157.0m | £158.0m | £178.9m | £168.6m | £128.4m | £144.6m | £122.0m | £122.2m | £110.7m |
| Cash and short-term investments | — | — | — | — | — | — | £13.2m | £7.0m | £7.5m | £4.8m |
| Total liabilities | £742,000 | £1.9m | £3.3m | £7.8m | £3.2m | £1.9m | £1.8m | £1.1m | £3.9m | £1.2m |
| Shareholders' equity | £129.5m | £155.1m | £154.8m | £171.1m | £165.3m | £126.4m | £142.8m | £120.9m | £118.3m | £109.5m |
| Shares outstanding | 56m | 72m | 80m | 57m | 57m | 57m | 73m | 69m | 69m | 72m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £36.6m | £22.0m | £11.7m | £1.9m | −£366,000 | −£2.9m | −£4.6m | £4.3m | £6.9m | £18.6m |
| Free cash flow | £36.6m | £22.0m | £11.7m | £1.9m | −£366,000 | −£2.9m | −£4.6m | £4.3m | £6.9m | £18.6m |
| Dividends paid | −£6.3m | −£6.2m | −£6.4m | −£6.4m | −£6.4m | −£6.5m | −£5.8m | −£5.0m | −£3.4m | −£3.3m |
Latest quarters
By quarter end
| Apr 2025 | Oct 2024 | Apr 2024 | Oct 2023 | Apr 2023 | Oct 2022 | Apr 2022 | Oct 2021 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | −£7.4m | £1.4m | £23.3m | −£930,000 | −£6.3m | £3.5m | £10.8m | £10.8m |
| Gross profit | −£7.9m | £762,000 | £22.7m | −£1.5m | −£6.9m | £2.8m | £10.2m | £10.1m |
| Operating income | −£8.2m | £503,000 | £22.5m | −£1.8m | −£7.1m | £2.6m | £10.1m | £9.9m |
| Net income | −£8.3m | £290,000 | £22.3m | −£2.0m | −£7.4m | £2.3m | £9.9m | £9.7m |
| Diluted earnings per share | -0.12 | 0.00 | 0.28 | -0.03 | -0.09 | 0.03 | 0.12 | 0.12 |
| Total assets | £116.9m | £157.0m | £169.8m | £158.0m | £161.9m | £178.9m | £177.2m | £168.6m |
| Cash and short-term investments | — | — | £671,000 | — | — | £58,000 | £60,000 | £1.2m |
| Debt | — | — | — | — | — | £3.9m | £3.7m | — |
| Shareholders' equity | £114.3m | £155.1m | £168.3m | £154.8m | £160.4m | £171.1m | £172.0m | £165.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -3.3% | — | 4.4% |
| Net income | -3.4% | — | 6.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Net margin | 94.9% | 90.7% | 92.0% | 89.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 11.8 | 6.3 | -16.1 | 9.1 | 2.6 | -7.1 | 13.4 | 14.6 | 9.1 | 4.4 |
| Price to sales | 10.9 | 6.1 | -18.0 | 8.5 | 2.5 | -7.8 | 11.3 | 11.8 | 7.9 | 4.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 13 years. Last went ex-dividend on 13 Aug 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.149 | 0.103 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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