F 
37.00p
+2.78%
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
£172.5m
FY2016FY2025
Net income
£12.8m
FY2016FY2025
Free cash flow
£24.0m
FY2016FY2025
Shareholders' equity
£145.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £172.5m | £163.9m | £147.1m | £140.3m | £126.5m | £93.5m | £106.9m | £111.5m | £117.6m | £132.7m |
| Research and development | — | — | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 |
| Operating income | £19.4m | £19.8m | £9.8m | £13.8m | £7.6m | £847,000 | −£6.4m | −£17.6m | £8.9m | £18.8m |
| Net income | £12.8m | £14.0m | £5.5m | £9.1m | −£6.2m | −£3.2m | −£7.8m | −£17.2m | £5.3m | £15.7m |
| Diluted earnings per share | 0.04 | 0.05 | 0.02 | 0.03 | -0.02 | -0.01 | -0.03 | -0.06 | 0.02 | 0.06 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £272.4m | £268.2m | £251.3m | £226.2m | £231.2m | £226.0m | £208.9m | £163.2m | £177.2m | £170.7m |
| Cash and short-term investments | £5.5m | £5.3m | £5.0m | £12.0m | £19.4m | £37.0m | £15.5m | £17.9m | £18.6m | £9.5m |
| Total liabilities | £127.5m | £129.2m | £125.7m | £103.5m | £107.7m | £91.6m | £7.9m | £10.1m | £10.1m | £9.8m |
| Debt | £62.4m | £60.8m | £59.4m | £46.5m | £48.1m | £51.6m | £9.7m | £3.6m | £2.6m | £1.5m |
| Shareholders' equity | £145.0m | £139.0m | £125.6m | £122.7m | £123.5m | £134.5m | £115.8m | £123.3m | £140.9m | £136.6m |
| Shares outstanding | 295m | 305m | 301m | 321m | 320m | 330m | 275m | 275m | 276m | 276m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £26.9m | £24.7m | £15.7m | £23.9m | £23.5m | £14.7m | £9.8m | £1.8m | £13.5m | £23.4m |
| Capital spending | −£2.9m | −£2.7m | −£3.6m | −£3.7m | −£2.0m | −£718,000 | −£208,000 | −£1.0m | −£2.5m | −£7.0m |
| Free cash flow | £24.0m | £22.1m | £12.1m | £20.2m | £21.5m | £14.0m | £9.6m | £790,000 | £11.0m | £16.4m |
| Dividends paid | −£3.6m | −£2.8m | −£2.7m | −£1.5m | −£583,000 | −£10.0m | −£583,000 | −£742,000 | −£2.1m | −£21.7m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £83.7m | £86.5m | £86.1m | £85.4m | £78.5m | £76.2m | £70.9m | £35.5m |
| Operating income | £6.0m | £8.1m | £11.3m | £11.2m | £8.6m | £2.9m | £6.8m | £2.9m |
| Net income | £2.9m | £5.4m | £7.4m | £8.1m | £5.9m | £1.4m | £4.1m | £2.1m |
| Diluted earnings per share | 0.01 | 0.02 | 0.03 | 0.03 | 0.02 | 0.00 | 0.01 | 0.01 |
| Cash from operations | £7.0m | £15.0m | £11.0m | £18.0m | £6.0m | £12.0m | £3.0m | — |
| Capital spending | −£1.0m | −£1.0m | −£1.0m | — | −£1.0m | −£2.0m | −£1.0m | — |
| Free cash flow | £6.0m | £14.0m | £10.0m | — | £5.0m | £10.0m | £2.0m | — |
| Total assets | £278.3m | £272.4m | £266.6m | £268.2m | £252.5m | £251.3m | £233.6m | £233.6m |
| Cash and short-term investments | £1.9m | £5.5m | £2.6m | £5.3m | £1.8m | £5.0m | £3.0m | £3.0m |
| Debt | £7.4m | £30.2m | £30.2m | £29.4m | £24.2m | £10.8m | £25.3m | £40.6m |
| Shareholders' equity | £145.2m | £145.0m | £141.8m | £139.0m | £130.7m | £125.6m | £124.2m | £124.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 7.1% | 13.0% | 1.4% |
| Operating income | 11.9% | 87.0% | -7.2% |
| Net income | 12.1% | — | -9.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 11.6% | 10.1% | 8.4% | 7.9% |
| Net margin | 8.0% | 6.6% | 3.8% | 4.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 13.7 | 15.0 | 25.2 | 10.4 | -20.5 | -56.9 | -31.1 | -8.5 | 42.3 | 17.9 |
| Price to sales | 1.0 | 1.3 | 0.9 | 0.7 | 1.0 | 1.9 | 2.3 | 1.3 | 1.9 | 2.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 9 Apr 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.009 | 0.012 | 0.009 | 0.009 | 0.005 | 0.002 | 0.003 | 0.008 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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