C 
358.00p
+1.13%
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
£36.2m
FY2016FY2025
Net income
£18.9m
FY2016FY2025
Free cash flow
—
FY2016FY2025
Shareholders' equity
£336.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £36.2m | £19.8m | £39.2m | −£44.6m | £100.8m | −£69.7m | £17.5m | £18.2m | £45.8m | £39.7m |
| Gross profit | £34.6m | £56.5m | £39.2m | −£44.6m | £100.8m | −£69.7m | £17.5m | £16.8m | £44.5m | £38.6m |
| Research and development | — | — | £2 | £2 | £5 | £157 | £1 | £1 | £3 | £7 |
| Operating income | £20.0m | £55.6m | £38.3m | −£45.3m | £100.2m | −£70.3m | £16.9m | £17.6m | £45.3m | £39.2m |
| Net income | £18.9m | £55.6m | £38.3m | −£45.3m | £100.2m | −£70.3m | £16.9m | £17.6m | £45.4m | £39.2m |
| Diluted earnings per share | 0.19 | 0.55 | 0.37 | -0.42 | 0.93 | -0.66 | 0.16 | 0.17 | 0.46 | 0.40 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £351.9m | £372.6m | £341.3m | £324.8m | £381.3m | £286.8m | £348.6m | £347.9m | £332.9m | £297.8m |
| Cash and short-term investments | £2.2m | £319,000 | £2.4m | £906,000 | £1.8m | £1.2m | £4.2m | £5.2m | £5.0m | — |
| Total liabilities | £15.6m | £28.6m | £26.6m | £28.5m | £25.4m | £20.4m | £10.4m | £20.4m | £20.4m | £25.8m |
| Debt | £15.0m | £28.0m | £25.0m | £24.0m | £25.0m | £20.0m | £10.0m | £20.0m | £20.0m | £25.0m |
| Shareholders' equity | £336.3m | £344.0m | £314.7m | £296.3m | £355.9m | £266.4m | £338.1m | £327.5m | £312.5m | £272.0m |
| Shares outstanding | 99m | 101m | 103m | 107m | 107m | 107m | 104m | 102m | 99m | 97m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £10.7m | £10.3m | £12.4m | £11.5m | £10.0m | £9.3m | £13.4m | £10.4m | £10.5m | £10.3m |
| Capital spending | −£10.7m | — | — | — | — | — | — | — | — | — |
| Free cash flow | — | £10.3m | £12.4m | £11.5m | £10.0m | £9.3m | £13.4m | £10.4m | £10.5m | £10.3m |
| Dividends paid | −£12.6m | −£12.7m | −£12.8m | −£12.5m | −£12.4m | −£12.0m | −£11.5m | −£10.8m | −£10.2m | −£9.8m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Dec 2023 | Sept 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £3.7m | £26.1m | −£3.8m | £18.2m | £41.3m | £20.7m | £3.7m | £1.9m |
| Gross profit | £3.0m | £25.4m | −£3.8m | £18.2m | £39.9m | £20.7m | £3.0m | £1.9m |
| Operating income | £2.6m | £25.0m | −£4.9m | £17.0m | £40.2m | £20.1m | £2.6m | £1.3m |
| Net income | £2.1m | £24.5m | −£5.7m | £16.2m | £39.4m | £19.7m | £1.8m | £909,500 |
| Diluted earnings per share | 0.02 | 0.25 | -0.06 | 0.16 | 0.39 | 0.19 | 0.02 | 0.01 |
| Cash from operations | £2.0m | £8.0m | £2.0m | £7.0m | £3.0m | £1.0m | £8.0m | £4.0m |
| Capital spending | — | −£8.0m | — | — | — | — | — | — |
| Free cash flow | — | £0 | — | — | — | — | — | — |
| Total assets | £349.9m | £351.9m | £348.4m | £372.6m | £367.0m | £367.0m | £341.3m | £341.3m |
| Cash and short-term investments | £1.1m | £2.2m | £711,000 | £319,000 | £4.3m | £4.3m | £2.4m | £2.4m |
| Debt | £23.0m | £15.0m | £20.0m | £28.0m | £26.0m | £26.0m | £25.0m | £25.0m |
| Shareholders' equity | £326.3m | £336.3m | £326.4m | £344.0m | £340.2m | £340.2m | £314.7m | £314.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | — | — | 15.4% |
| Operating income | — | — | 9.6% |
| Net income | — | — | 8.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 162.9% | 169.6% | 143.1% | 114.8% |
| Operating margin | 135.2% | 135.9% | 120.9% | 106.8% |
| Net margin | 133.0% | 133.5% | 119.3% | 106.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 18.0 | 5.9 | 8.3 | -7.0 | 3.6 | -4.4 | 21.8 | 16.8 | 7.3 | 7.1 |
| Price to sales | 9.4 | 16.7 | 8.1 | -7.1 | 3.6 | -4.5 | 21.1 | 16.3 | 7.2 | 7.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 23 years. Last went ex-dividend on 10 Sept 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.135 | 0.128 | 0.125 | 0.121 | 0.117 | 0.116 | 0.115 | 0.113 |
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.