F 
62.90p
+1.45%
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
£116.9m
FY2016FY2025
Net income
−£3.3m
FY2016FY2025
Free cash flow
£7.9m
FY2016FY2025
Shareholders' equity
£39.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £116.9m | £107.3m | £112.1m | £114.8m | £109.1m | £95.1m | £112.4m | £112.1m | £78.3m | £53.8m |
| Gross profit | £44.5m | £40.0m | £41.3m | £39.9m | £37.4m | £31.5m | £39.1m | £38.9m | £26.6m | £19.1m |
| Operating income | £2.3m | £2.9m | −£10.4m | £7.3m | £3.7m | −£1.4m | £8.2m | £9.8m | £8.0m | £6.5m |
| Net income | −£3.3m | −£26.4m | −£13.0m | −£6.3m | £2.1m | −£2.2m | £3.7m | £4.9m | £4.8m | £4.3m |
| Diluted earnings per share | -0.05 | -0.42 | -0.21 | -0.10 | 0.03 | -0.04 | 0.06 | 0.08 | 0.09 | 0.10 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £95.0m | £86.0m | £117.0m | £130.4m | £138.6m | £133.3m | £133.9m | £134.4m | £122.0m | £90.3m |
| Cash and short-term investments | £4.7m | £1.8m | £5.2m | £4.0m | £4.6m | £9.2m | £3.4m | £2.2m | £4.6m | £3.8m |
| Total liabilities | £55.7m | £44.4m | £49.6m | £49.1m | £50.6m | £47.3m | £46.4m | £47.0m | £47.2m | £29.5m |
| Debt | £28.6m | £22.4m | £25.4m | £26.7m | £27.1m | £27.6m | £28.4m | £22.1m | £19.5m | £17.0m |
| Shareholders' equity | £39.2m | £41.6m | £67.4m | £81.3m | £88.0m | £86.0m | £87.5m | £87.4m | £74.9m | £60.8m |
| Shares outstanding | 63m | 63m | 61m | 61m | 63m | 61m | 62m | 61m | 53m | 43m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £9.2m | £8.7m | £8.2m | £5.0m | −£988,000 | £9.5m | £13.2m | £3.8m | £6.6m | £4.2m |
| Capital spending | −£1.2m | −£1.5m | −£2.2m | −£1.9m | −£2.1m | −£1.7m | −£756,000 | −£1.3m | −£1.8m | −£815,000 |
| Free cash flow | £7.9m | £7.2m | £6.0m | £3.2m | −£3.1m | £7.8m | £12.5m | £2.4m | £4.8m | £3.4m |
| Dividends paid | — | −£1.4m | −£1.3m | −£1.2m | −£1.2m | −£1.2m | −£3.7m | −£3.6m | −£2.9m | −£2.3m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £70.4m | £60.0m | £56.9m | £51.6m | £55.7m | £53.0m | £59.1m | £57.3m |
| Gross profit | £25.2m | £23.2m | £22.3m | £19.1m | £21.4m | £20.3m | £20.4m | £19.6m |
| Operating income | £2.5m | £1.1m | £801,000 | £908,000 | £1.2m | −£13.2m | £2.9m | £3.5m |
| Net income | £580,000 | −£3.2m | −£146,000 | −£26.7m | £251,000 | −£14.4m | £1.4m | −£8.9m |
| Diluted earnings per share | 0.01 | -0.05 | -0.00 | -0.42 | 0.00 | -0.23 | 0.02 | -0.14 |
| Cash from operations | −£1.0m | £9.0m | — | £4.0m | £2.0m | £4.0m | £2.0m | £6.0m |
| Capital spending | — | — | — | — | — | — | −£1.0m | −£1.0m |
| Free cash flow | — | — | — | — | — | — | £1.0m | £5.0m |
| Total assets | £108.6m | £95.0m | £91.3m | £86.0m | £115.1m | £117.0m | £131.6m | £130.4m |
| Cash and short-term investments | £3.5m | £4.7m | £422,000 | £1.8m | £6.4m | £5.2m | £4.4m | £4.0m |
| Debt | £2.7m | £22.4m | £20.4m | £18.6m | £21.5m | £21.6m | £21.3m | £21.7m |
| Shareholders' equity | £49.0m | £39.2m | £42.0m | £41.6m | £69.3m | £67.4m | £82.6m | £81.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.6% | 4.2% | 10.1% |
| Operating income | -32.0% | — | -9.4% |
| Net income | -19.0% | 8.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 37.7% | 36.7% | 35.8% | 35.4% |
| Operating margin | 2.3% | 0.5% | 0.7% | 4.1% |
| Net margin | -13.3% | -10.9% | -7.5% | -2.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -11.0 | -1.9 | -3.9 | -10.6 | 41.2 | -26.1 | 20.5 | 13.9 | 18.2 | 12.9 |
| Price to sales | 0.3 | 0.5 | 0.5 | 0.6 | 0.8 | 0.6 | 0.7 | 0.6 | 1.1 | 1.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 20 Jun 2024.
| FY2024 | FY2023 | FY2022 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.022 | 0.021 | 0.02 | 0.062 | 0.059 | 0.056 | 0.053 | 0.056 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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