C 
272.00p
+0.37%
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
£173.2m
FY2017FY2026
Net income
£7.5m
FY2017FY2026
Free cash flow
£10.2m
FY2017FY2026
Shareholders' equity
£127.3m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £173.2m | £177.0m | £224.4m | £201.0m | £148.6m | £114.7m | £138.7m | £150.2m | £133.3m | £118.8m |
| Gross profit | £31.3m | £27.5m | £43.3m | £38.9m | £30.5m | £19.8m | £29.5m | £32.1m | £29.6m | £30.2m |
| Operating income | £10.0m | £4.8m | £19.8m | £16.4m | £12.0m | £4.3m | £12.5m | £15.2m | £11.8m | £15.5m |
| Net income | £7.5m | £4.2m | £16.7m | £13.8m | £8.6m | £4.1m | £10.1m | £11.0m | £9.8m | £13.0m |
| Diluted earnings per share | 0.17 | 0.10 | 0.38 | 0.32 | 0.20 | 0.09 | 0.23 | 0.25 | 0.22 | 0.30 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £165.0m | £168.3m | £174.1m | £174.4m | £165.2m | £157.6m | £155.7m | £163.9m | £155.4m | £149.9m |
| Cash and short-term investments | £17.4m | £15.6m | £32.5m | £35.6m | £35.7m | £36.1m | £33.4m | £30.8m | £24.1m | £27.2m |
| Total liabilities | £37.7m | £40.8m | £40.1m | £42.8m | £33.7m | £28.1m | £24.0m | £29.5m | £27.2m | £25.8m |
| Debt | £2.1m | £2.1m | — | — | — | — | — | — | — | — |
| Shareholders' equity | £127.3m | £127.4m | £134.0m | £131.7m | £131.5m | £129.5m | £131.7m | £134.4m | £128.1m | £124.1m |
| Shares outstanding | 44m | 44m | 44m | 44m | 44m | 44m | 44m | 44m | 44m | 44m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £24.0m | £12.1m | £20.5m | £19.8m | £10.4m | £12.4m | £23.0m | £15.6m | £14.3m | £18.3m |
| Capital spending | −£13.8m | −£19.8m | −£9.6m | −£6.2m | −£4.4m | −£5.2m | −£8.2m | −£4.9m | −£11.2m | −£14.2m |
| Free cash flow | £10.2m | −£7.6m | £11.0m | £13.6m | £6.0m | £7.2m | £14.9m | £10.8m | £3.1m | £4.1m |
| Dividends paid | −£8.0m | −£11.0m | −£14.2m | −£13.7m | −£6.7m | −£6.5m | −£13.0m | −£6.3m | −£6.1m | −£19.1m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £85.7m | £87.6m | £87.8m | £89.2m | £113.1m | £111.3m | £55.7m | £115.4m |
| Gross profit | £15.5m | £15.8m | £12.5m | £15.0m | £22.0m | £21.3m | £10.7m | £21.6m |
| Operating income | £5.2m | £4.8m | £1.3m | £3.5m | £10.2m | £9.6m | £4.8m | £9.0m |
| Net income | £3.8m | £3.7m | £1.1m | £3.1m | £9.0m | £7.7m | £3.9m | £7.8m |
| Diluted earnings per share | 0.09 | 0.09 | 0.03 | 0.07 | 0.21 | 0.18 | 0.09 | 0.18 |
| Cash from operations | £8.0m | £15.0m | £11.0m | — | £6.0m | £14.0m | — | £6.0m |
| Capital spending | −£4.0m | −£9.0m | −£13.0m | −£6.0m | −£4.0m | −£4.0m | — | −£1.0m |
| Free cash flow | £4.0m | £6.0m | −£2.0m | — | £2.0m | £10.0m | — | £5.0m |
| Total assets | £165.0m | £165.8m | £168.3m | £163.7m | £174.1m | £166.1m | £166.2m | £174.4m |
| Cash and short-term investments | £17.4m | £15.5m | £15.6m | £16.4m | £32.5m | £31.3m | £31.3m | £35.6m |
| Debt | £6,000 | £144,000 | £228,000 | £226,000 | — | — | — | — |
| Shareholders' equity | £127.3m | £125.0m | £127.4m | £127.9m | £134.0m | £126.6m | £126.6m | £131.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -4.8% | 8.6% | 2.7% |
| Operating income | -15.3% | 18.2% | -6.3% |
| Net income | -18.2% | 12.7% | -7.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 16.8% | 18.2% | 18.4% | 20.2% |
| Operating margin | 4.2% | 6.6% | 6.5% | 8.3% |
| Net margin | 3.3% | 5.4% | 5.3% | 6.7% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 16.2 | 28.5 | 6.7 | 11.6 | 17.7 | 37.7 | 16.1 | 16.6 | 16.9 | 14.8 |
| Price to sales | 0.7 | 0.7 | 0.5 | 0.8 | 1.0 | 1.4 | 1.2 | 1.2 | 1.2 | 1.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 37 years. Last went ex-dividend on 27 Nov 2025.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.184 | 0.254 | 0.326 | 0.314 | 0.153 | 0.15 | 0.299 | 0.145 |
- 2-for-1 split · 10 Aug 1994
- 2-for-1 split · 10 Aug 1990
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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