C 
280.00p
+1.82%
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
£45.9m
FY2016FY2025
Net income
£5.1m
FY2016FY2025
Free cash flow
£6.0m
FY2016FY2025
Shareholders' equity
£44.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £45.9m | £40.3m | £31.7m | £18.3m | £20.5m | £21.1m | £19.4m | £16.6m | £16.2m | £16.4m |
| Research and development | £1.8m | £2.6m | £7.1m | £1.1m | £1.7m | £2.0m | £1.2m | £2.7m | £2.6m | £2.8m |
| Operating income | £7.3m | £4.9m | £3.7m | £486,640 | £3.5m | £2.9m | £3.5m | £3.1m | £3.4m | £3.1m |
| Net income | £5.1m | £4.7m | £3.9m | £987,025 | £2.8m | £2.7m | £4.0m | £3.0m | £2.8m | £2.8m |
| Diluted earnings per share | 0.06 | 0.05 | 0.05 | 0.01 | 0.04 | 0.04 | 0.05 | 0.04 | 0.04 | 0.04 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £59.8m | £50.8m | £47.8m | £32.6m | £29.8m | £29.0m | £28.3m | £24.3m | £22.5m | £21.8m |
| Cash and short-term investments | £14.4m | £13.7m | £11.1m | £4.5m | £11.8m | £11.8m | £10.5m | £7.7m | £8.4m | £7.8m |
| Total liabilities | £15.0m | £11.9m | £12.8m | £9.5m | £7.1m | £6.5m | £6.5m | £4.3m | £3.8m | £4.1m |
| Debt | £2.2m | £756,659 | £989,935 | £1.5m | £910,210 | £822,776 | £946,426 | — | £2.5m | £1.0m |
| Shareholders' equity | £44.8m | £38.9m | £35.0m | £23.2m | £22.7m | £22.6m | £21.9m | £20.0m | £18.7m | £17.7m |
| Shares outstanding | 91m | 86m | 83m | 73m | 73m | 73m | 74m | 73m | 73m | 73m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £7.1m | £7.9m | £5.6m | −£890,341 | £4.5m | £5.5m | £7.3m | £3.7m | £4.6m | £5.4m |
| Capital spending | −£1.1m | −£877,068 | −£4.5m | −£5.2m | −£2.3m | −£2.3m | −£2.7m | −£442,280 | −£267,855 | −£138,181 |
| Free cash flow | £6.0m | £7.0m | £1.2m | −£6.1m | £2.2m | £3.2m | £4.6m | £3.3m | £4.4m | £5.3m |
| Dividends paid | −£950,732 | −£856,377 | — | −£1.0m | −£1.9m | −£1.9m | −£1.7m | −£1.6m | −£1.6m | −£1.5m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £23.2m | £24.8m | £21.1m | £23.5m | £16.8m | £19.5m | £12.1m | £10.9m |
| Operating income | £3.3m | £3.8m | £2.7m | £2.9m | £2.3m | £2.7m | £1.0m | £434,290 |
| Net income | £2.5m | £2.7m | £2.4m | £2.4m | £2.3m | £2.7m | £1.1m | £435,722 |
| Diluted earnings per share | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.01 | 0.01 |
| Cash from operations | £1.0m | £9.0m | −£2.0m | £7.0m | — | £5.0m | — | −£1.0m |
| Capital spending | −£3.0m | — | — | — | — | −£2.0m | −£1.0m | −£2.0m |
| Free cash flow | −£2.0m | — | — | — | — | £3.0m | — | −£3.0m |
| Total assets | £72.4m | £59.8m | £50.6m | £50.8m | £46.0m | £47.8m | £33.2m | £32.6m |
| Cash and short-term investments | £9.7m | £14.4m | £7.8m | £13.7m | £8.9m | £11.1m | £3.0m | £4.5m |
| Debt | — | £439,671 | — | £620,364 | — | £589,324 | — | £202,287 |
| Shareholders' equity | £48.1m | £44.8m | £40.6m | £38.9m | £37.6m | £35.0m | £24.2m | £23.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 35.9% | 16.8% | 10.4% |
| Operating income | 146.2% | 20.0% | 7.9% |
| Net income | 72.4% | 13.0% | 6.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 14.1% | 12.0% | 12.8% | 15.0% |
| Net margin | 11.3% | 10.7% | 11.4% | 13.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 39.7 | 25.1 | 17.4 | 53.6 | 20.2 | 30.1 | 13.9 | 16.8 | 21.8 | 15.9 |
| Price to sales | 4.4 | 2.9 | 2.1 | 2.9 | 2.8 | 3.9 | 2.9 | 3.0 | 3.7 | 2.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 18 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.012 | 0.011 | 0.01 | 0.014 | 0.026 | 0.026 | 0.024 | 0.023 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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