E 
143.00p
+1.06%
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
£403.5m
FY2016FY2025
Net income
£9.6m
FY2016FY2025
Free cash flow
£34.2m
FY2016FY2025
Shareholders' equity
£104.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £403.5m | £357.9m | £364.5m | £381.2m | £339.8m | £257.9m | £279.1m | £253.7m | £224.9m | £204.8m |
| Gross profit | £204.0m | £188.3m | £173.8m | £182.7m | £170.2m | £125.8m | £141.1m | £125.6m | £114.6m | £106.6m |
| Research and development | — | £100,000 | £100,000 | £100,000 | £100,000 | £100,000 | £100,000 | £100,000 | £95,000 | £95,000 |
| Operating income | £24.1m | £16.6m | £14.5m | £30.2m | £29.7m | £10.3m | £24.6m | £23.2m | £25.1m | £25.0m |
| Net income | £9.6m | £10.5m | £9.6m | £19.7m | £21.1m | −£2.2m | £19.3m | £19.6m | £19.6m | £19.6m |
| Diluted earnings per share | 0.10 | 0.10 | 0.09 | 0.17 | 0.19 | -0.02 | 0.19 | 0.19 | 0.20 | 0.20 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £287.8m | £223.8m | £223.8m | £254.9m | £240.2m | £201.4m | £189.6m | £137.3m | £114.6m | £100.1m |
| Cash and short-term investments | £6.3m | £400,000 | £400,000 | £5.1m | £6.6m | £7.1m | £4.9m | £5.9m | £11.4m | £5.6m |
| Total liabilities | £183.0m | £118.4m | £109.5m | £140.0m | £134.0m | £114.2m | £119.1m | £77.2m | £65.3m | £62.0m |
| Debt | £103.8m | £62.9m | £58.6m | £84.0m | £76.3m | £65.4m | £73.6m | £29.4m | £25.9m | £25.8m |
| Shareholders' equity | £104.8m | £105.4m | £114.3m | £114.9m | £106.2m | £87.2m | £70.5m | £60.1m | £49.4m | £38.1m |
| Shares outstanding | 100m | 105m | 112m | 113m | 112m | 111m | 101m | 101m | 100m | 100m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £46.5m | £44.2m | £52.8m | £35.1m | £29.6m | £32.2m | £26.4m | £17.7m | £23.7m | £28.4m |
| Capital spending | −£12.3m | −£10.3m | −£9.1m | −£12.4m | −£15.5m | −£14.0m | −£15.2m | −£8.4m | −£7.1m | −£6.3m |
| Free cash flow | £34.2m | £33.9m | £43.7m | £22.7m | £14.1m | £18.2m | £11.2m | £9.3m | £16.7m | £22.1m |
| Dividends paid | −£6.2m | −£6.1m | −£10.3m | −£11.1m | −£3.6m | −£3.6m | −£9.4m | −£9.1m | −£8.7m | −£8.0m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £205.2m | £210.3m | £193.2m | £182.2m | £175.7m | £180.1m | £184.4m | £190.7m |
| Gross profit | £101.9m | £106.1m | £98.5m | £95.4m | £91.6m | £88.1m | £84.0m | £87.1m |
| Operating income | £11.3m | £14.0m | £6.1m | £13.5m | £8.9m | £9.7m | £4.8m | £13.6m |
| Net income | −£1.1m | £6.7m | £2.9m | £4.7m | £5.8m | £6.7m | £2.9m | £7.2m |
| Diluted earnings per share | -0.01 | 0.07 | 0.03 | 0.04 | 0.06 | 0.06 | 0.03 | 0.06 |
| Cash from operations | £17.0m | £29.0m | £17.0m | £22.0m | £21.0m | £31.0m | £19.0m | £16.0m |
| Capital spending | −£5.0m | −£5.0m | −£6.0m | −£5.0m | −£5.0m | −£5.0m | −£4.0m | −£5.0m |
| Free cash flow | £12.0m | £24.0m | £11.0m | £17.0m | £16.0m | £26.0m | £15.0m | £11.0m |
| Total assets | £294.3m | £287.8m | £292.2m | £223.8m | £228.4m | £224.3m | £244.4m | £254.9m |
| Cash and short-term investments | £7.6m | £6.3m | £6.4m | £400,000 | £1.5m | £400,000 | £2.1m | £5.1m |
| Debt | £47.9m | £42.1m | £52.1m | £16.0m | £30.0m | £12.9m | £30.5m | £33.3m |
| Shareholders' equity | £98.4m | £104.8m | £103.3m | £105.4m | £106.8m | £114.3m | £109.3m | £114.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 1.9% | 9.4% | 8.7% |
| Operating income | -7.2% | 18.5% | -0.1% |
| Net income | -21.3% | — | -4.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 51.5% | 49.7% | 49.6% | 50.1% |
| Operating margin | 5.3% | 5.7% | 6.0% | 7.6% |
| Net margin | 2.6% | 3.3% | 3.2% | 5.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 12.8 | 17.2 | 15.3 | 8.4 | 12.8 | -109.5 | 12.7 | 11.0 | 11.0 | 9.2 |
| Price to sales | 0.3 | 0.5 | 0.4 | 0.4 | 0.8 | 0.9 | 0.9 | 0.8 | 1.0 | 0.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 16 Apr 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.041 | 0.062 | 0.087 | 0.092 | 0.099 | 0.032 | 0.094 | 0.091 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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