C 
2.15p
—
Close of 3 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
£29.8m
FY2016FY2025
Net income
£637,000
FY2016FY2025
Free cash flow
−£1.7m
FY2016FY2025
Shareholders' equity
£12.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £29.8m | £31.0m | £35.2m | £14.4m | £10.7m | £8.7m | £24.7m | £23.4m | £21.4m | £18.7m |
| Gross profit | £9.5m | £10.7m | £10.0m | £5.0m | £3.5m | £2.6m | £8.9m | £8.1m | £7.3m | £6.2m |
| Research and development | — | — | — | — | £158,000 | £969,000 | £739,000 | £307,000 | £174,000 | — |
| Operating income | £1.9m | £74,000 | £1.8m | £1.2m | £488,000 | £39,000 | £658,000 | £295,000 | £789,000 | £1.5m |
| Net income | £637,000 | −£914,000 | £1.3m | £967,000 | £475,000 | −£821,000 | £84,000 | −£370,000 | £458,000 | £743,000 |
| Diluted earnings per share | 0.01 | -0.01 | 0.01 | 0.01 | 0.01 | -0.01 | 0.00 | -0.00 | 0.01 | 0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £32.3m | £30.2m | £33.9m | £17.6m | £17.9m | £24.7m | £25.3m | £25.3m | £25.0m | £22.4m |
| Cash and short-term investments | £788,000 | £2.0m | £4.8m | £7.6m | £3.8m | £453,000 | — | £471,000 | £673,000 | £910,000 |
| Total liabilities | £20.3m | £17.9m | £20.1m | £5.9m | £5.2m | £12.6m | £12.4m | £12.1m | £11.2m | £8.7m |
| Debt | £12.2m | £11.4m | £11.8m | £2.7m | £2.8m | £6.7m | £8.2m | £7.8m | £6.3m | £4.2m |
| Shareholders' equity | £12.0m | £12.3m | £13.8m | £11.7m | £12.7m | £12.1m | £12.9m | £13.2m | £13.8m | £13.7m |
| Shares outstanding | 89m | 89m | 90m | 88m | 84m | 83m | 83m | 83m | 83m | 83m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −£650,000 | £1.5m | −£1.1m | £2.7m | £1.7m | £2.5m | £1.5m | £1.0m | £1.1m | £1.8m |
| Capital spending | −£1.0m | −£2.1m | −£2.1m | −£206,000 | −£454,000 | −£322,000 | −£690,000 | −£912,000 | −£919,000 | −£1.7m |
| Free cash flow | −£1.7m | −£662,000 | −£3.2m | £2.5m | £1.3m | £2.1m | £804,000 | £121,000 | £176,000 | £148,000 |
| Dividends paid | −£445,000 | −£535,000 | −£966,000 | −£1.2m | −£1.2m | −£413,000 | −£413,000 | −£306,000 | −£851,000 | −£495,000 |
Latest quarters
By quarter end
| Oct 2025 | Apr 2025 | Oct 2024 | Apr 2024 | Oct 2023 | Apr 2023 | Jan 2023 | Oct 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £19.2m | £14.0m | £15.8m | £13.8m | £17.2m | £17.6m | £8.8m | £17.6m |
| Gross profit | £6.4m | £4.6m | £4.8m | £4.7m | £6.0m | £5.4m | £2.9m | £4.6m |
| Operating income | £785,000 | £2.5m | −£618,000 | −£1.2m | £1.3m | £631,000 | £481,000 | £1.2m |
| Net income | £72,000 | £1.7m | −£1.1m | −£1.7m | £752,000 | £453,000 | £226,500 | £805,000 |
| Diluted earnings per share | 0.00 | 0.02 | -0.01 | -0.02 | 0.01 | 0.01 | 0.00 | 0.01 |
| Cash from operations | — | — | — | £1.0m | — | £1.0m | £1.0m | −£1.0m |
| Capital spending | −£1.0m | — | — | −£1.0m | — | — | — | — |
| Free cash flow | — | — | — | £0 | — | — | — | — |
| Total assets | £35.6m | £32.3m | £28.1m | £30.2m | £32.3m | £33.9m | £33.9m | £35.4m |
| Cash and short-term investments | £543,000 | £788,000 | £858,000 | £2.0m | £2.9m | £4.8m | £4.8m | £3.8m |
| Debt | £11.0m | £8.7m | £9.2m | £10.6m | £10.2m | £10.3m | — | £8.2m |
| Shareholders' equity | £12.1m | £12.0m | £10.9m | £12.3m | £14.4m | £13.8m | £13.8m | £14.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 27.5% | 27.9% | 5.5% |
| Operating income | 16.4% | 117.0% | 14.6% |
| Net income | -13.0% | — | 12.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 33.1% | 31.7% | 31.7% | 32.6% |
| Operating margin | 3.2% | 4.5% | 4.2% | 3.9% |
| Net margin | -0.5% | 1.8% | 1.2% | 1.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 7.4 | -4.0 | 6.9 | 9.7 | 17.3 | -6.0 | 63.2 | -8.8 | 8.0 | 7.5 |
| Price to sales | 0.2 | 0.1 | 0.3 | 0.7 | 0.8 | 0.6 | 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 12 Dec 2024.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.005 | 0.011 | 0.005 | 0.014 | 0.005 | 0.004 | 0.01 | 0.009 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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