G 
151.50p
+5.21%
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
£398.9m
FY2016FY2025
Net income
£2.2m
FY2016FY2025
Free cash flow
−£3.2m
FY2016FY2025
Shareholders' equity
£29.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £398.9m | £389.5m | £385.2m | £403.9m | £415.7m | £534.7m | £634.3m | £631.3m | £642.4m | £617.6m |
| Gross profit | £38.8m | £40.1m | £43.4m | £44.2m | £42.1m | £51.9m | £69.1m | £71.4m | £74.7m | £73.0m |
| Operating income | £2.3m | £1.1m | £2.1m | £192,000 | £1.4m | £5.6m | £12.4m | £9.7m | £14.3m | £17.4m |
| Net income | £2.2m | £186,000 | £1.2m | −£4.6m | −£437,000 | −£1.8m | £1.9m | −£27.4m | £7.2m | £9.9m |
| Diluted earnings per share | 0.07 | 0.01 | 0.04 | -0.14 | -0.01 | -0.06 | 0.46 | -25.38 | 0.13 | 0.95 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £81.4m | £81.2m | £81.4m | £84.4m | £109.1m | £105.4m | £130.9m | £142.8m | £175.9m | £158.7m |
| Cash and short-term investments | £17.1m | £22.8m | £23.4m | £17.8m | £29.2m | £34.8m | £19.2m | £9.8m | £5.8m | £7.4m |
| Total liabilities | £52.0m | £52.9m | £50.6m | £53.9m | £74.0m | £65.6m | £89.0m | £95.8m | £91.2m | £77.1m |
| Debt | £1.4m | £2.1m | £1.8m | £5.4m | £15.1m | £15.2m | £44.0m | £50.6m | £46.1m | £32.5m |
| Shareholders' equity | £29.4m | £28.3m | £30.8m | £30.5m | £35.1m | £39.8m | £41.9m | £47.0m | £82.5m | £81.6m |
| Shares outstanding | 31m | 32m | 32m | 32m | 32m | 32m | 4m | 1m | 56m | 10m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −£3.1m | £3.4m | £9.5m | −£1.2m | −£4.2m | £57.4m | £19.7m | £12.8m | £5.3m | £14.6m |
| Capital spending | −£46,000 | −£162,000 | −£178,000 | −£399,000 | −£415,000 | −£2.5m | −£673,000 | −£1.9m | −£1.0m | −£471,000 |
| Free cash flow | −£3.2m | £3.2m | £9.4m | −£1.6m | −£4.6m | £54.9m | £19.0m | £11.0m | £4.2m | £14.1m |
| Dividends paid | −£1.1m | −£1.6m | — | −£484,000 | −£484,000 | −£484,000 | −£484,000 | −£6.4m | −£7.2m | −£6.9m |
Latest quarters
By quarter end
| Jan 2026 | Jul 2025 | Jan 2025 | Jul 2024 | Jan 2024 | Jul 2023 | Jan 2023 | Jul 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £212.4m | £205.4m | £193.5m | £201.1m | £188.4m | £190.4m | £194.7m | £201.1m |
| Gross profit | £21.4m | £19.9m | £18.9m | £20.4m | £19.7m | £20.7m | £22.7m | £22.5m |
| Operating income | £2.9m | £1.6m | £743,000 | £2.2m | −£138,000 | £1.2m | £911,000 | −£2.2m |
| Net income | £1.8m | £1.6m | £639,000 | −£41,000 | £227,000 | £878,000 | £351,000 | −£1.6m |
| Diluted earnings per share | 0.05 | 0.05 | 0.02 | -0.00 | 0.01 | 0.03 | 0.01 | -0.05 |
| Cash from operations | £1.0m | — | −£2.0m | — | £3.0m | — | £8.0m | £12.0m |
| Total assets | £78.6m | £81.4m | £72.3m | £81.2m | £75.7m | £81.4m | £79.3m | £80.9m |
| Cash and short-term investments | £15.3m | £17.1m | £18.6m | £22.8m | £23.9m | £23.4m | £24.3m | £17.8m |
| Debt | £943,000 | £864,000 | £946,000 | £853,000 | £689,000 | £857,000 | £1.5m | £2.9m |
| Shareholders' equity | £30.5m | £29.4m | £28.0m | £28.3m | £28.9m | £30.8m | £30.1m | £30.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -0.4% | -5.7% | -2.3% |
| Operating income | 129.8% | -16.1% | -17.0% |
| Net income | — | — | -12.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 10.0% | 10.6% | 10.3% | 10.9% |
| Operating margin | 0.4% | 0.4% | 0.5% | 1.5% |
| Net margin | 0.3% | -0.1% | -0.1% | -0.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 12.6 | 144.2 | 37.9 | -4.8 | -101.5 | -14.4 | 2.8 | -0.0 | 23.6 | 2.9 |
| Price to sales | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | — | 0.3 | 0.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 3 years. Last went ex-dividend on 30 Oct 2025.
| FY2026 | FY2025 | FY2024 | FY2022 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.02 | 0.035 | 0.025 | 0.015 | 0.20 | 0.23 | 0.241 | 0.225 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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