C 
170.00p
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.
Revenue
£59.7m
FY2017FY2026
Net income
£5.2m
FY2017FY2026
Free cash flow
£7.1m
FY2017FY2026
Shareholders' equity
£28.0m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £59.7m | £42.8m | £37.8m | £34.8m | £33.0m | £21.9m | £18.7m | £16.9m | £12.7m | £8.7m |
| Gross profit | £32.0m | £22.5m | £19.6m | £16.0m | £14.9m | £10.3m | £8.3m | £7.3m | £5.4m | £3.6m |
| Research and development | — | — | — | — | — | £215,555 | £254,100 | £226,653 | £178,737 | £164,142 |
| Operating income | £10.3m | £6.4m | £6.4m | £5.5m | £4.2m | £3.8m | £3.8m | £4.0m | £3.4m | £2.0m |
| Net income | £5.2m | £4.4m | £4.7m | £4.2m | £6.3m | £3.4m | £3.1m | £3.0m | £2.8m | £1.6m |
| Diluted earnings per share | 0.11 | 0.10 | 0.11 | 0.11 | 0.16 | 0.08 | 0.08 | 0.08 | 0.07 | 0.04 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £64.1m | £61.2m | £30.7m | £27.8m | £25.9m | £19.2m | £13.8m | £11.3m | £8.5m | £5.9m |
| Cash and short-term investments | £2.5m | £6.3m | £8.5m | £7.4m | £6.6m | £5.1m | £3.7m | £3.1m | £2.5m | £475,701 |
| Total liabilities | £36.1m | £34.3m | £11.4m | £10.1m | £9.1m | £7.0m | £4.3m | £4.7m | £3.8m | £3.5m |
| Debt | £19.4m | £21.5m | £3.6m | £3.9m | £4.3m | £1.5m | £1.6m | £2.1m | £1.6m | £1.9m |
| Shareholders' equity | £28.0m | £27.0m | £19.3m | £17.7m | £16.8m | £12.2m | £9.5m | £6.6m | £4.7m | £2.0m |
| Shares outstanding | 47m | 44m | 41m | 40m | 40m | 40m | 40m | 40m | 40m | 40m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £9.4m | £6.6m | £6.3m | £6.3m | £5.3m | £5.2m | £3.4m | £3.1m | £3.2m | £602,238 |
| Capital spending | −£2.3m | −£3.1m | −£1.3m | −£2.0m | −£1.1m | −£704,959 | −£1.3m | −£2.1m | −£530,688 | −£263,694 |
| Free cash flow | £7.1m | £3.5m | £4.9m | £4.3m | £4.2m | £4.5m | £2.1m | £969,598 | £2.6m | £338,544 |
| Dividends paid | −£4.6m | −£3.8m | −£3.4m | −£3.1m | −£2.5m | −£2.0m | −£1.6m | −£1.0m | −£521,826 | −£70,000 |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Mar 2023 | Sept 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £30.9m | £28.8m | £24.0m | £18.7m | £19.9m | £18.0m | £18.0m | £16.8m |
| Gross profit | £17.3m | £15.9m | £12.4m | £10.1m | £10.4m | £8.9m | £9.1m | £8.0m |
| Operating income | £6.9m | £3.4m | £3.6m | £2.8m | £4.0m | £2.5m | £3.5m | £2.1m |
| Net income | £3.3m | £1.9m | £2.3m | £2.1m | £2.9m | £1.8m | £2.7m | £1.5m |
| Diluted earnings per share | 0.07 | 0.04 | 0.05 | 0.05 | 0.07 | 0.04 | 0.07 | 0.04 |
| Cash from operations | £6.0m | £2.0m | £4.0m | £2.0m | £3.0m | £2.0m | £3.0m | £2.0m |
| Capital spending | — | −£1.0m | — | −£1.0m | — | — | — | −£1.0m |
| Free cash flow | — | £1.0m | — | £1.0m | — | — | — | £1.0m |
| Total assets | £64.1m | £60.2m | £61.2m | £29.7m | £30.7m | £26.7m | £25.6m | £25.3m |
| Cash and short-term investments | £2.5m | £4.0m | £6.3m | £6.7m | £8.5m | £7.1m | £6.6m | £5.7m |
| Debt | £14.0m | £17.9m | £16.0m | £1.4m | £1.4m | £1.5m | £4.0m | £4.1m |
| Shareholders' equity | £28.0m | £25.9m | £27.0m | £19.0m | £19.3m | £17.3m | £12.9m | £16.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 19.7% | 22.2% | 26.7% |
| Operating income | 23.2% | 22.1% | 23.9% |
| Net income | 7.2% | 9.2% | 17.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 53.2% | 51.5% | 50.1% | 48.6% |
| Operating margin | 16.4% | 16.4% | 16.0% | 17.5% |
| Net margin | 9.4% | 10.6% | 12.2% | 13.6% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 15.3 | 20.4 | 16.8 | 15.8 | 7.3 | 42.6 | 27.1 | 22.3 | 23.6 |
| Price to sales | 1.3 | 2.1 | 2.1 | 1.9 | 1.4 | 6.5 | 4.5 | 4.0 | 5.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 8 years. Last went ex-dividend on 4 Dec 2025.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.104 | 0.095 | 0.084 | 0.077 | 0.062 | 0.051 | 0.04 | 0.012 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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