C 
43.00p
+0.94%
Close of 9 Nov 2026, in pence
Search any instrument
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
£139.7m
FY2016FY2025
Net income
−£50.3m
FY2016FY2025
Free cash flow
£14.5m
FY2016FY2025
Shareholders' equity
£742.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £139.7m | £151.9m | £148.7m | £139.7m | £139.8m | £139.4m | £138.3m | £133.0m | £133.4m | £128.5m |
| Gross profit | £100.5m | £95.9m | £113.0m | £107.8m | £108.0m | £109.8m | £110.6m | £107.3m | £113.1m | £107.1m |
| Research and development | — | — | £2 | £1 | £1 | £1 | £1 | — | — | — |
| Operating income | £67.6m | −£56.8m | £79.2m | £75.9m | £78.5m | £76.2m | £72.0m | £165.3m | £216.0m | £120.2m |
| Net income | −£50.3m | −£93.6m | −£249.8m | −£81.9m | £119.5m | £77.4m | £135.5m | £124.3m | £157.7m | £97.8m |
| Diluted earnings per share | -0.13 | -0.24 | -0.63 | -0.20 | 0.29 | 0.19 | 0.33 | 0.31 | 0.39 | 0.24 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £1.77bn | £1.93bn | £2.16bn | £2.50bn | £2.54bn | £2.46bn | £2.31bn | £2.21bn | £2.15bn | £1.92bn |
| Cash and short-term investments | £49.4m | £9.0m | £70.6m | £113.9m | £167.4m | £235.7m | £246.5m | £78.5m | £146.7m | £86.5m |
| Total liabilities | £1.03bn | £1.15bn | £1.23bn | £1.28bn | £1.21bn | £1.19bn | £1.10bn | £1.08bn | £1.12bn | £1.04bn |
| Debt | £905.3m | £1.00bn | £1.07bn | £1.11bn | £1.03bn | £970.7m | £891.7m | £836.9m | £908.9m | £849.9m |
| Shareholders' equity | £742.1m | £784.2m | £929.2m | £1.22bn | £1.33bn | £1.27bn | £1.20bn | £1.12bn | £1.03bn | £876.4m |
| Shares outstanding | 398m | 397m | 397m | 405m | 407m | 407m | 407m | 407m | 407m | 409m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £14.6m | £29.5m | £45.9m | £43.0m | £44.2m | £44.3m | £48.9m | £48.0m | £43.2m | £40.1m |
| Capital spending | −£100,000 | −£22.7m | −£1.1m | −£58.4m | −£37.3m | −£20.0m | −£17.2m | −£17.9m | −£27.5m | −£41.8m |
| Free cash flow | £14.5m | £6.8m | £44.8m | −£15.4m | £6.9m | £24.3m | £31.7m | £30.1m | £15.7m | −£1.7m |
| Dividends paid | −£15.9m | −£31.6m | −£31.6m | −£32.4m | −£30.8m | −£30.1m | −£28.7m | −£26.5m | −£24.7m | −£24.7m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £64.3m | £67.8m | £71.9m | £74.1m | £77.8m | £76.4m | £72.3m | £71.4m |
| Gross profit | £46.0m | £47.5m | £53.3m | £55.1m | £58.9m | £57.4m | £55.6m | £55.0m |
| Operating income | £30.4m | £31.8m | −£3.8m | £37.4m | −£43.9m | −£263.1m | £39.7m | £39.2m |
| Net income | −£69.6m | −£25.9m | −£24.4m | −£32.5m | −£61.1m | −£145.7m | −£104.1m | −£99.2m |
| Diluted earnings per share | -0.17 | -0.07 | -0.06 | -0.08 | -0.15 | -0.37 | -0.26 | -0.24 |
| Cash from operations | — | £8.0m | £6.0m | £9.0m | £19.0m | £22.0m | £23.0m | £23.0m |
| Total assets | £1.62bn | £1.77bn | £1.83bn | £1.93bn | £2.02bn | £2.16bn | £2.34bn | £2.50bn |
| Cash and short-term investments | £35.3m | £49.4m | £63.9m | £9.0m | £68.5m | £70.6m | £92.5m | £98.1m |
| Debt | £843.6m | £901.9m | £923.0m | £999.2m | £1.03bn | £1.07bn | £1.09bn | £1.11bn |
| Shareholders' equity | £659.4m | £742.1m | £765.4m | £784.2m | £836.9m | £929.2m | £1.08bn | £1.22bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.0% | 0.0% | 1.6% |
| Operating income | -3.8% | -2.4% | -8.7% |
| Net income | -15.0% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 67.4% | 71.9% | 73.9% | 77.6% |
| Operating margin | 3.7% | 28.6% | 37.3% | 70.3% |
| Net margin | -49.3% | -82.0% | -32.4% | 24.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -4.8 | -3.3 | -1.6 | -7.8 | 7.5 | 11.8 | 9.1 | 6.9 | 6.4 | 6.4 |
| Price to sales | 1.7 | 2.0 | 2.7 | 4.6 | 6.4 | 6.6 | 8.9 | 6.5 | 7.6 | 4.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 9 years. Last went ex-dividend on 9 Apr 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.027 | 0.04 | 0.08 | 0.08 | 0.08 | 0.076 | 0.074 | 0.071 |
- 10-for-1 split · 8 May 2017
- 1-to-1 reverse split · 22 May 2007
- 1-to-1 reverse split · 20 Nov 2006
- 1-to-1 reverse split · 23 May 2006
- 1-to-1 reverse split · 11 May 2005
- 1-to-1 reverse split · 23 Nov 2004
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.