E 
54.50p
+0.93%
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
£116.6m
FY2016FY2025
Net income
−£10.3m
FY2016FY2025
Free cash flow
£253,000
FY2016FY2025
Shareholders' equity
£26.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £116.6m | £107.2m | £90.9m | £78.8m | £49.0m | £24.2m | £65.0m | £51.9m | £40.6m | £29.6m |
| Operating income | £822,000 | £203,000 | −£52,000 | £402,000 | −£8.5m | −£18.9m | £5.9m | £2.9m | £1.6m | £567,000 |
| Net income | −£10.3m | −£8.5m | −£2.7m | −£3.5m | −£5.4m | −£20.1m | £1.7m | £2.0m | £1.3m | £61,000 |
| Diluted earnings per share | -0.11 | -0.09 | -0.03 | -0.04 | -0.06 | -0.22 | 0.02 | 0.03 | 0.02 | 0.00 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £192.1m | £200.4m | £194.7m | £171.9m | £160.1m | £151.2m | £161.6m | £84.7m | £78.2m | £47.5m |
| Cash and short-term investments | £8.4m | £9.9m | £6.6m | £3.7m | £4.2m | £328,000 | £4.3m | £3.5m | £18.4m | £1.6m |
| Total liabilities | £165.5m | £163.9m | £150.3m | £125.7m | £111.9m | £98.8m | £106.4m | £30.3m | £26.9m | £15.2m |
| Debt | £136.4m | £134.2m | £129.2m | £108.7m | £94.4m | £88.1m | £89.4m | £7.1m | £7.0m | £3.0m |
| Shareholders' equity | £26.6m | £36.5m | £44.4m | £46.3m | £48.2m | £52.4m | £55.2m | £54.4m | £51.3m | £32.3m |
| Shares outstanding | 91m | 91m | 91m | 91m | 92m | 91m | 72m | 72m | 68m | 61m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £12.9m | £21.6m | £17.9m | £10.9m | £11.7m | −£5.8m | £15.6m | £7.6m | £13.7m | £5.5m |
| Capital spending | −£12.6m | −£15.4m | −£18.6m | −£19.9m | −£7.8m | −£8.5m | −£24.1m | −£22.2m | −£15.6m | −£19.0m |
| Free cash flow | £253,000 | £6.1m | −£700,000 | −£9.0m | £3.9m | −£14.3m | −£8.6m | −£14.6m | −£1.8m | −£13.5m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £69.8m | £60.1m | £56.5m | £60.3m | £46.9m | £52.6m | £38.3m | £38.1m |
| Operating income | £5.4m | £269,000 | £553,000 | £1.9m | −£1.8m | £1.6m | −£1.5m | −£249,000 |
| Net income | £1.6m | −£7.3m | −£3.0m | −£4.7m | −£3.9m | £1.6m | −£4.3m | −£2.7m |
| Diluted earnings per share | 0.02 | -0.08 | -0.03 | -0.05 | -0.04 | 0.02 | -0.05 | -0.03 |
| Cash from operations | £10.0m | £9.0m | £3.0m | £17.0m | £2.0m | £9.0m | £6.0m | £2.0m |
| Capital spending | −£2.0m | −£4.0m | −£8.0m | −£10.0m | −£5.0m | −£6.0m | −£12.0m | −£12.0m |
| Free cash flow | £8.0m | £5.0m | −£5.0m | £7.0m | −£3.0m | £3.0m | −£6.0m | −£10.0m |
| Total assets | £185.2m | £192.1m | £196.5m | £200.4m | £192.4m | £194.7m | £180.6m | £171.9m |
| Cash and short-term investments | £7.6m | £8.4m | £4.8m | £9.9m | £2.2m | £6.6m | £1.7m | £3.7m |
| Debt | £28.9m | £33.6m | £133.6m | £30.1m | £3.8m | £2.8m | £25.5m | £25.3m |
| Shareholders' equity | £26.0m | £26.6m | £33.7m | £36.5m | £41.1m | £44.4m | £42.5m | £46.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 13.9% | 36.9% | 19.1% |
| Operating income | 26.9% | — | — |
| Net income | 43.5% | -12.5% | 34.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 0.5% | 0.3% | -5.6% | -2.3% |
| Net margin | -8.4% | -6.4% | -10.8% | -6.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -2.5 | -5.6 | -21.8 | -21.5 | -21.8 | -5.0 | 79.4 | 72.3 | 111.3 | — |
| Price to sales | 0.2 | 0.5 | 0.7 | 1.0 | 2.4 | 4.1 | 2.1 | 2.8 | 3.5 | 2.0 |
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.