H 
195.50p
+1.82%
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
£33.3m
FY2017FY2026
Net income
£5.7m
FY2017FY2026
Free cash flow
£250,000
FY2017FY2026
Shareholders' equity
£425.4m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £33.3m | £32.0m | £39.9m | £49.8m | £51.1m | £29.8m | £35.6m | £36.3m | £165.8m | £99.5m |
| Operating income | £9.4m | £5.9m | £14.4m | £23.4m | £20.1m | £11.2m | £14.5m | −£11.3m | −£17.9m | £32.8m |
| Net income | £5.7m | £27.9m | −£189.8m | −£64.5m | £88.9m | £17.9m | £38.7m | £42.6m | £26.3m | £39.1m |
| Diluted earnings per share | 0.05 | 0.24 | -1.62 | -0.55 | 0.76 | 0.15 | 0.34 | 0.35 | 0.23 | 0.33 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £625.6m | £624.9m | £657.9m | £872.9m | £1.14bn | £1.02bn | £1.02bn | £1.06bn | £1.02bn | £1.27bn |
| Cash and short-term investments | £33.0m | £71.3m | £28.6m | £41.4m | £24.8m | £81.6m | £67.4m | £194.9m | £89.2m | £87.2m |
| Total liabilities | £200.2m | £198.8m | £256.8m | £264.2m | £448.1m | £412.9m | £425.0m | £497.3m | £490.2m | £755.9m |
| Debt | £175.3m | £175.5m | £231.9m | £232.9m | £403.6m | £344.3m | £356.4m | £427.5m | £425.0m | £673.7m |
| Shareholders' equity | £425.4m | £426.1m | £401.1m | £608.7m | £687.0m | £608.2m | £598.7m | £567.4m | £533.9m | £516.9m |
| Shares outstanding | 117m | 117m | 117m | 117m | 118m | 118m | 115m | 121m | 114m | 120m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £293,000 | £1.4m | £12.3m | £767,000 | £3.0m | £4.0m | £12.3m | £22.6m | £26.4m | −£8.1m |
| Capital spending | −£43,000 | −£335,000 | −£618,000 | −£548,000 | −£68,000 | −£156,000 | −£18,000 | −£165,000 | −£73,000 | −£442,000 |
| Free cash flow | £250,000 | £1.1m | £11.7m | £219,000 | £3.0m | £3.8m | £12.3m | £22.4m | £26.3m | −£8.5m |
| Dividends paid | −£6.1m | −£4.0m | −£14.4m | −£13.8m | −£12.6m | −£10.5m | −£12.2m | −£11.4m | −£10.2m | −£3.6m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £16.8m | £16.5m | £15.0m | £16.9m | £19.8m | £20.1m | £9.0m | £26.4m |
| Operating income | £3.8m | £5.6m | £3.2m | £2.7m | £7.7m | £6.7m | £540,000 | £10.2m |
| Net income | £3.9m | £1.8m | £23.3m | £4.7m | −£96.7m | −£93.1m | −£46.5m | −£81.7m |
| Diluted earnings per share | 0.03 | 0.02 | 0.20 | 0.04 | -0.82 | -0.80 | -0.38 | -0.70 |
| Cash from operations | £2.0m | −£2.0m | −£1.0m | £2.0m | £5.0m | £9.0m | — | £10.0m |
| Total assets | £625.6m | £593.9m | £624.9m | £619.7m | £657.9m | £761.8m | £761.8m | £872.9m |
| Cash and short-term investments | £33.0m | £30.3m | £71.3m | £66.1m | £28.6m | £32.7m | £37.0m | £41.4m |
| Debt | £174.2m | £148.9m | £174.1m | £187.5m | £228.5m | £227.9m | £232.4m | £227.4m |
| Shareholders' equity | £425.4m | £422.8m | £426.1m | £404.2m | £401.1m | £502.3m | £502.3m | £608.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -12.6% | 2.2% | -11.7% |
| Operating income | -26.2% | -3.4% | -14.6% |
| Net income | — | -20.5% | -25.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 23.4% | 34.3% | 35.8% | 21.5% |
| Net margin | 51.5% | -142.4% | -48.3% | 20.0% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 39.5 | 8.3 | -1.1 | -4.2 | 4.6 | 31.4 | 11.6 | 14.2 | 14.5 | 10.9 |
| Price to sales | 6.7 | 7.2 | 5.3 | 5.5 | 8.1 | 18.8 | 12.7 | 16.6 | 2.3 | 4.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 36 years. Last went ex-dividend on 20 Jul 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.113 | 0.053 | 0.034 | 0.123 | 0.119 | 0.108 | 0.091 | 0.107 |
- 5-for-1 split · 1 Sept 2005
- 1.026-to-1 reverse split · 21 Dec 2004
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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