B 
1.45p
-8.23%
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
£20.1m
FY2016FY2025
Net income
−£31,000
FY2016FY2025
Free cash flow
−£472,000
FY2016FY2025
Shareholders' equity
£2.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £20.1m | £19.7m | £14.3m | £8.6m | £9.2m | £12.2m | £15.5m | £14.4m | £18.4m | £20.8m |
| Operating income | £203,000 | −£244,000 | −£67,000 | −£304,000 | −£667,000 | −£883,000 | −£419,000 | −£2.6m | −£544,000 | £680,000 |
| Net income | −£31,000 | −£1.7m | £92,000 | −£2.3m | −£1.1m | £5,000 | £346,000 | −£2.3m | −£323,000 | £772,000 |
| Diluted earnings per share | -0.00 | -0.01 | 0.00 | -0.01 | -0.01 | 0.00 | 0.00 | -0.01 | -0.00 | 0.00 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £12.2m | £13.5m | £14.9m | £8.2m | £11.9m | £12.9m | £11.7m | £11.3m | £13.6m | £16.0m |
| Cash and short-term investments | £536,000 | £755,000 | £811,000 | £28,000 | £515,000 | £992,000 | £1.1m | £710,000 | £1.2m | £1.8m |
| Total liabilities | £9.6m | £11.1m | £11.5m | £7.8m | £8.8m | £8.5m | £7.1m | £7.1m | £6.8m | £8.8m |
| Debt | £3.3m | £2.4m | £4.9m | £3.1m | £3.4m | £3.5m | £603,000 | £867,000 | £1.0m | £1.0m |
| Shareholders' equity | £2.6m | £2.4m | £3.4m | £401,000 | £3.1m | £4.3m | £4.4m | £4.0m | £6.6m | £7.0m |
| Shares outstanding | 355m | 293m | 275m | 165m | 165m | 165m | 165m | 165m | 165m | 165m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £114,000 | £89,000 | £1.2m | −£1.0m | −£109,000 | £571,000 | £604,000 | −£30,000 | −£788,000 | −£24,000 |
| Capital spending | −£586,000 | −£390,000 | −£154,000 | −£48,000 | −£33,000 | −£245,000 | −£90,000 | −£79,000 | −£27,000 | −£147,000 |
| Free cash flow | −£472,000 | −£301,000 | £1.1m | −£1.1m | −£142,000 | £326,000 | £514,000 | −£109,000 | −£815,000 | −£171,000 |
| Dividends paid | — | — | — | — | — | — | — | — | — | −£181,000 |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Mar 2023 | Sept 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £9.9m | £9.7m | £10.3m | £10.3m | £9.4m | £9.8m | £4.6m | £4.1m |
| Operating income | −£639,000 | £206,000 | −£171,000 | £404,000 | −£648,000 | £173,000 | −£566,000 | −£315,000 |
| Net income | −£579,000 | £72,000 | −£103,000 | −£390,000 | −£1.3m | £576,000 | −£484,000 | −£1.9m |
| Diluted earnings per share | -0.00 | 0.00 | -0.00 | -0.00 | -0.00 | 0.00 | -0.00 | -0.01 |
| Total assets | £10.9m | £12.2m | £12.2m | £13.5m | £14.2m | £14.9m | £15.5m | £8.2m |
| Cash and short-term investments | £189,000 | £536,000 | £231,000 | £755,000 | £279,000 | £522,000 | £805,000 | £28,000 |
| Debt | £1.8m | £1.7m | £1.3m | £1.1m | £2.4m | £2.5m | £2.8m | £939,000 |
| Shareholders' equity | £2.0m | £2.6m | £2.3m | £2.4m | £2.6m | £3.4m | £2.8m | £401,000 |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 32.4% | 10.5% | 0.7% |
| Operating income | — | — | -18.7% |
| Net income | -76.1% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -0.1% | -0.7% | -2.3% | -1.9% |
| Net margin | -4.4% | -6.3% | -6.0% | -2.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -233.1 | -2.8 | 25.4 | -1.6 | -3.2 | — | 9.3 | -0.9 | -12.8 | 7.2 |
| Price to sales | 0.4 | 0.2 | 0.2 | 0.4 | 0.4 | 0.2 | 0.2 | 0.1 | 0.2 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 8 Sept 2016.
| FY2016 | FY2015 | FY2014 | FY2009 | FY2008 | FY2007 | FY2001 | FY2000 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.002 | 0.002 | 0.002 | 0.001 | 0.001 | 0.002 | 0.004 | 0.005 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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