F 
167.00p
+2.45%
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
£85.9m
FY2016FY2025
Net income
£6.3m
FY2016FY2025
Free cash flow
£15.0m
FY2016FY2025
Shareholders' equity
£104.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £85.9m | £78.3m | £64.9m | £66.5m | £63.9m | £61.0m | £62.8m | £50.7m | £44.1m | £40.8m |
| Gross profit | £18.6m | £18.7m | £16.9m | £16.3m | £14.8m | £12.8m | £14.5m | £10.7m | £9.7m | £9.0m |
| Research and development | £700,000 | £600,000 | £2.0m | £600,000 | £500,000 | £689,000 | £472,000 | £161,000 | £561,000 | £699,000 |
| Operating income | £17.9m | £9.7m | £10.1m | £12.9m | £20.6m | £11.4m | £12.0m | £6.8m | £8.8m | £8.3m |
| Net income | £6.3m | £5.9m | £7.1m | £9.8m | £15.4m | £8.1m | £8.5m | £2.8m | £4.8m | £4.1m |
| Diluted earnings per share | 0.06 | 0.06 | 0.07 | 0.09 | 0.16 | 0.08 | 0.09 | 0.04 | 0.08 | 0.05 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £190.1m | £169.1m | £147.2m | £124.0m | £123.3m | £132.6m | £133.2m | £46.2m | £37.7m | £34.5m |
| Cash and short-term investments | £17.3m | £6.3m | £12.7m | £12.8m | £9.4m | £10.3m | £10.7m | £13.3m | £11.0m | £7.1m |
| Total liabilities | £84.3m | £67.1m | £44.3m | £26.2m | £34.8m | £57.8m | £63.7m | £19.6m | £43.5m | £43.7m |
| Debt | £48.6m | £31.9m | £12.6m | £2.2m | £10.4m | £35.4m | £40.4m | £7.4m | £33.7m | £33.4m |
| Shareholders' equity | £104.8m | £101.7m | £102.6m | £97.3m | £88.2m | £74.6m | £69.4m | £26.6m | −£5.9m | −£9.3m |
| Shares outstanding | 104m | 104m | 104m | 104m | 99m | 97m | 97m | 77m | 60m | 76m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £15.3m | £6.2m | £12.5m | £15.6m | £17.1m | £16.7m | £10.4m | £6.0m | £10.7m | £7.3m |
| Capital spending | −£300,000 | −£5.7m | −£4.8m | −£1.9m | −£1.8m | −£3.6m | −£2.6m | −£766,000 | −£946,000 | −£1.1m |
| Free cash flow | £15.0m | £500,000 | £7.7m | £13.7m | £15.3m | £13.1m | £7.8m | £5.3m | £9.8m | £6.2m |
| Dividends paid | −£3.9m | −£3.7m | −£3.5m | −£3.3m | −£3.8m | −£2.8m | −£2.9m | −£750,000 | −£805,000 | −£1.2m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sept 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £38.6m | £43.5m | £42.4m | £42.6m | £35.7m | £17.9m | £33.2m | £16.6m |
| Gross profit | £7.8m | £10.6m | £9.7m | £9.1m | £7.6m | £3.8m | £11.2m | £5.6m |
| Operating income | £7.8m | £10.6m | £5.1m | £9.1m | £4.0m | £2.0m | £5.4m | £5.0m |
| Net income | £3.7m | £3.9m | £2.4m | £3.8m | £2.1m | £1.1m | £3.8m | £1.9m |
| Diluted earnings per share | 0.04 | 0.04 | 0.02 | 0.04 | 0.02 | 0.01 | 0.04 | 0.02 |
| Cash from operations | £12.0m | £5.0m | £10.0m | −£2.0m | £7.0m | £3.0m | £6.0m | £3.0m |
| Capital spending | — | — | — | — | — | — | −£5.0m | — |
| Free cash flow | — | — | — | — | — | — | £1.0m | — |
| Total assets | £189.6m | £190.1m | £182.1m | £169.1m | £151.1m | £151.1m | £147.2m | £147.2m |
| Cash and short-term investments | £7.3m | £17.3m | £8.4m | £6.3m | £7.4m | £7.4m | £12.7m | £12.7m |
| Debt | £43.8m | £47.4m | £500,000 | £30.5m | £16.2m | £400,000 | £11.1m | £400,000 |
| Shareholders' equity | £103.7m | £104.8m | £101.9m | £101.7m | £98.7m | £98.7m | £102.6m | £102.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 8.9% | 7.1% | 8.4% |
| Operating income | 11.5% | 9.5% | 28.4% |
| Net income | -13.7% | -4.9% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 22.7% | 23.8% | 23.3% | 22.9% |
| Operating margin | 16.8% | 17.1% | 19.6% | 18.2% |
| Net margin | 7.4% | 9.8% | 12.5% | 11.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | 34.3 | 47.7 | 36.9 | 22.1 | 14.7 | 21.5 | 27.7 | 40.7 |
| Price to sales | 2.5 | 3.6 | 4.0 | 3.3 | 3.5 | 2.9 | 3.8 | 2.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 8 years. Last went ex-dividend on 28 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.025 | 0.038 | 0.035 | 0.034 | 0.03 | 0.01 | 0.057 | 0.035 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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