E 
34.00p
0.00%
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
£239.0m
FY2016FY2025
Net income
−£9.3m
FY2016FY2025
Free cash flow
£7.4m
FY2016FY2025
Shareholders' equity
£13.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £239.0m | £246.2m | £250.3m | £261.3m | £258.4m | £256.5m | £358.0m | £366.8m | £357.1m | £270.4m |
| Gross profit | £46.2m | £50.4m | £57.5m | £65.4m | £59.5m | £54.0m | £74.5m | £72.3m | £69.4m | £59.0m |
| Operating income | £4.6m | −£3.6m | £1.7m | £8.8m | £8.1m | £4.4m | £6.3m | £10.3m | £8.7m | £8.5m |
| Net income | −£9.3m | −£10.4m | −£2.9m | £3.4m | £2.3m | −£3.1m | £500,000 | £4.6m | £4.1m | £4.8m |
| Diluted earnings per share | -0.19 | -0.21 | -0.06 | 0.07 | 0.04 | -0.06 | 0.01 | 0.09 | 0.08 | 0.09 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £95.8m | £101.1m | £112.9m | £123.8m | £123.9m | £122.1m | £137.1m | £141.1m | £135.5m | £127.6m |
| Cash and short-term investments | £17.6m | £17.2m | £17.1m | £22.3m | £21.1m | £20.8m | £17.6m | £25.4m | £25.9m | £18.0m |
| Total liabilities | £75.6m | £69.7m | £70.0m | £74.8m | £81.6m | £79.7m | £89.1m | £86.5m | £86.6m | £80.9m |
| Debt | £41.3m | £38.9m | £35.1m | £38.1m | £43.0m | £43.8m | £47.5m | £42.5m | £45.4m | £33.7m |
| Shareholders' equity | £13.7m | £24.4m | £36.4m | £42.8m | £37.4m | £37.2m | £40.7m | £46.3m | £42.1m | £40.3m |
| Shares outstanding | 48m | 50m | 49m | 51m | 52m | 48m | 48m | 51m | 51m | 51m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £8.4m | £1.4m | £5.5m | £14.7m | £7.6m | £14.2m | £7.5m | £4.5m | £6.4m | £6.4m |
| Capital spending | −£1.0m | −£800,000 | −£1.4m | −£2.1m | −£1.7m | −£700,000 | −£1.5m | −£1.5m | −£900,000 | −£800,000 |
| Free cash flow | £7.4m | £600,000 | £4.1m | £12.6m | £5.9m | £13.5m | £6.0m | £3.0m | £5.5m | £5.6m |
| Dividends paid | — | −£500,000 | −£700,000 | −£600,000 | −£500,000 | −£600,000 | −£1.0m | −£600,000 | −£600,000 | −£500,000 |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £117.7m | £121.2m | £117.8m | £124.4m | £121.8m | £124.6m | £125.7m | £131.5m |
| Gross profit | £24.2m | £23.3m | £22.9m | £24.4m | £24.8m | £27.2m | £29.1m | £32.1m |
| Operating income | £3.7m | £3.4m | £1.2m | £2.1m | £500,000 | £3.2m | £700,000 | £5.0m |
| Net income | £200,000 | −£7.8m | −£1.5m | −£6.3m | −£4.1m | −£1.9m | −£1.0m | £2.0m |
| Diluted earnings per share | 0.00 | -0.16 | -0.03 | -0.13 | -0.08 | -0.04 | -0.02 | 0.04 |
| Cash from operations | £3.0m | £4.0m | £4.0m | £1.0m | — | £1.0m | £4.0m | £7.0m |
| Capital spending | — | — | — | — | — | — | — | −£1.0m |
| Free cash flow | — | — | — | — | — | — | — | £6.0m |
| Total assets | £90.4m | £95.8m | £96.7m | £101.1m | £106.1m | £112.9m | £115.8m | £123.8m |
| Cash and short-term investments | £15.1m | £17.6m | £15.6m | £17.2m | £16.5m | £17.1m | £19.6m | £22.3m |
| Debt | £35.1m | £40.3m | £34.9m | £37.7m | £35.0m | £32.5m | £30.5m | £35.5m |
| Shareholders' equity | £13.1m | £13.7m | £21.7m | £24.4m | £31.4m | £36.4m | £39.2m | £42.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -2.9% | -1.4% | 2.5% |
| Operating income | -19.4% | 0.9% | -4.9% |
| Net income | — | 24.6% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 19.9% | 22.0% | 22.0% | 21.5% |
| Operating margin | 0.2% | 1.2% | 1.6% | 2.1% |
| Net margin | -4.1% | -1.9% | -1.3% | -0.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.3 | -1.3 | -5.8 | 8.1 | 18.5 | -7.1 | 60.1 | 8.3 | 11.2 | 11.0 |
| Price to sales | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 23 May 2024.
| FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.01 | 0.014 | 0.012 | 0.01 | 0.02 | 0.013 | 0.012 | 0.01 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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