F 
163.00p
+1.24%
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
£142.2m
FY2016FY2025
Net income
£9.0m
FY2016FY2025
Free cash flow
£22.8m
FY2016FY2025
Shareholders' equity
£221.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £142.2m | £139.2m | £121.3m | £92.7m | £57.7m | £49.3m | £44.0m | £35.5m | £24.3m | £4.9m |
| Operating income | £17.9m | £16.6m | £10.7m | £10.3m | £3.7m | £4.0m | £3.7m | £3.2m | £212,000 | £791,000 |
| Net income | £9.0m | £7.3m | £3.0m | £8.1m | £4.2m | £2.8m | £2.7m | £2.3m | −£112,000 | £524,000 |
| Diluted earnings per share | 0.05 | 0.04 | 0.02 | 0.06 | 0.04 | 0.03 | 0.03 | 0.03 | -0.00 | 0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £372.7m | £373.3m | £382.4m | £132.4m | £67.3m | £68.5m | £59.0m | £41.8m | £40.4m | £5.9m |
| Cash and short-term investments | £15.3m | £12.9m | £12.3m | £10.9m | £9.1m | £13.2m | £1.7m | £2.9m | £3.2m | £3.0m |
| Total liabilities | £151.2m | £154.7m | £168.0m | £29.4m | £19.9m | £24.7m | £31.2m | £17.4m | £17.2m | £2.0m |
| Debt | £80.5m | £88.0m | £94.6m | −£3.7m | £2.1m | £8.2m | £12.8m | £7.9m | £9.5m | £519,000 |
| Shareholders' equity | £221.5m | £218.6m | £214.4m | £102.4m | £47.3m | £43.8m | £27.9m | £24.4m | £23.2m | £3.9m |
| Shares outstanding | 193m | 193m | 194m | 129m | 99m | 96m | 80m | 78m | 79m | 45m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £23.8m | £28.2m | £19.9m | £7.7m | £7.3m | £5.2m | £4.5m | £2.9m | £701,000 | £909,000 |
| Capital spending | −£996,000 | −£3.1m | −£3.1m | −£1.5m | −£2.2m | −£779,000 | −£1.7m | −£570,000 | −£119,000 | −£10,000 |
| Free cash flow | £22.8m | £25.0m | £16.9m | £6.3m | £5.1m | £4.5m | £2.8m | £2.3m | £582,000 | £899,000 |
| Dividends paid | −£4.7m | −£4.4m | −£3.4m | −£2.3m | −£1.3m | −£516,000 | −£592,000 | −£420,000 | −£213,000 | −£213,000 |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sept 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £75.6m | £71.8m | £70.4m | £69.4m | £69.8m | £34.9m | £51.5m | £25.8m |
| Operating income | £11.0m | £9.3m | £8.6m | £9.0m | £8.9m | £4.5m | £5.9m | £5.8m |
| Net income | £6.1m | £4.7m | £4.2m | £3.7m | £3.6m | £1.8m | £4.2m | £2.1m |
| Diluted earnings per share | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.02 | 0.01 |
| Cash from operations | £9.0m | £14.0m | £9.0m | £13.0m | £8.0m | £5.0m | £11.0m | £8.0m |
| Total assets | £377.1m | £372.7m | £367.3m | £373.3m | £384.0m | £384.0m | £382.4m | £382.4m |
| Cash and short-term investments | £18.4m | £15.3m | £7.5m | £12.9m | £13.7m | £13.7m | £12.3m | £12.3m |
| Debt | £72.4m | £72.1m | £71.1m | £79.8m | £85.3m | £12.0m | £88.8m | £11.9m |
| Shareholders' equity | £224.2m | £221.5m | £220.5m | £218.6m | £218.5m | £218.5m | £214.4m | £214.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 15.3% | 23.6% | 41.6% |
| Operating income | 20.4% | 35.1% | 31.9% |
| Net income | 3.4% | 26.3% | 26.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 12.3% | 11.2% | 10.5% | 10.1% |
| Net margin | 5.8% | 5.5% | 5.7% | 5.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 30.0 | 42.1 | 103.4 | 31.3 | 35.8 | 33.7 | 37.1 | 22.0 | -375.5 | 57.1 |
| Price to sales | 1.9 | 2.2 | 2.6 | 2.8 | 2.6 | 1.9 | 2.3 | 1.4 | 1.7 | 6.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 9 years. Last went ex-dividend on 10 Sept 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.026 | 0.025 | 0.023 | 0.021 | 0.018 | 0.014 | 0.01 | 0.008 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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