L 
3,650.00p
0.00%
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
£244.3m
FY2016FY2025
Net income
£23.8m
FY2016FY2025
Free cash flow
£31.6m
FY2016FY2025
Shareholders' equity
£171.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £244.3m | £220.7m | £219.7m | £188.9m | £166.6m | £152.7m | £146.9m | £137.7m | £125.9m | £114.8m |
| Gross profit | £179.0m | £161.9m | £160.7m | £129.0m | £114.4m | £106.5m | £102.3m | £105.9m | £99.2m | £91.2m |
| Operating income | £32.7m | £29.7m | £31.6m | £27.0m | £27.2m | £24.7m | £24.1m | £23.3m | £21.8m | £21.0m |
| Net income | £23.8m | £21.7m | £23.3m | £20.2m | £19.9m | £17.9m | £16.7m | £16.1m | £14.3m | £13.8m |
| Diluted earnings per share | 1.94 | 1.77 | 1.90 | 1.65 | 1.62 | 1.46 | 1.36 | 1.31 | 1.17 | 1.12 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £225.5m | £205.1m | £202.1m | £195.9m | £174.6m | £169.4m | £156.1m | £151.5m | £140.8m | £135.0m |
| Cash and short-term investments | £45.9m | £29.6m | £32.7m | £34.0m | £35.7m | £37.5m | £27.1m | £26.1m | £24.7m | £22.6m |
| Total liabilities | £53.8m | £50.2m | £49.9m | £50.0m | £42.9m | £43.3m | £39.9m | £39.8m | £37.2m | £38.5m |
| Debt | £8.2m | £7.6m | £7.2m | £7.9m | £8.1m | £9.0m | £9.6m | £9.6m | £11.1m | £12.7m |
| Shareholders' equity | £171.6m | £155.0m | £152.2m | £145.9m | £131.6m | £125.7m | £115.8m | £111.4m | £103.4m | £96.6m |
| Shares outstanding | 12m | 12m | 12m | 12m | 12m | 12m | 12m | 12m | 12m | 12m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £39.2m | £25.8m | £29.7m | £23.3m | £26.7m | £27.2m | £24.6m | £20.8m | £17.6m | £18.4m |
| Capital spending | −£7.6m | −£10.8m | −£10.7m | −£7.8m | −£7.6m | −£6.3m | −£6.0m | −£3.6m | −£3.4m | −£2.8m |
| Free cash flow | £31.6m | £15.0m | £19.1m | £15.5m | £19.1m | £20.9m | £18.5m | £17.3m | £14.2m | £15.7m |
| Dividends paid | −£11.9m | −£14.9m | −£15.2m | −£10.3m | −£9.8m | −£7.4m | −£9.8m | −£9.8m | −£9.8m | −£9.7m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £127.6m | £127.4m | £116.9m | £109.8m | £110.9m | £110.9m | £108.8m | £100.3m |
| Gross profit | £93.4m | £94.4m | £84.6m | £81.1m | £80.8m | £81.3m | £74.1m | £68.7m |
| Operating income | £14.1m | £20.3m | £12.4m | £16.3m | £13.4m | £31.6m | £13.7m | £16.3m |
| Net income | £9.9m | £15.1m | £8.7m | £12.1m | £9.6m | £13.3m | £9.9m | £11.8m |
| Diluted earnings per share | 0.80 | 1.23 | 0.71 | 0.98 | 0.78 | 1.09 | 0.81 | 0.96 |
| Cash from operations | £16.0m | £21.0m | £17.0m | £12.0m | £13.0m | £19.0m | £9.0m | £15.0m |
| Capital spending | −£4.0m | −£3.0m | −£3.0m | −£3.0m | −£3.0m | −£3.0m | −£5.0m | −£4.0m |
| Free cash flow | £12.0m | £18.0m | £14.0m | £9.0m | £10.0m | £16.0m | £4.0m | £11.0m |
| Total assets | £238.5m | £225.5m | £220.3m | £205.1m | £211.3m | £202.1m | £200.8m | £195.9m |
| Cash and short-term investments | £54.8m | £45.9m | £42.7m | £29.6m | £39.5m | £32.7m | £33.2m | £34.0m |
| Debt | £3.2m | £3.2m | £3.0m | £2.7m | £2.7m | £2.8m | £1.8m | £3.9m |
| Shareholders' equity | £180.4m | £171.6m | £166.7m | £155.0m | £159.7m | £152.2m | £152.9m | £145.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 9.0% | 9.9% | 9.2% |
| Operating income | 6.5% | 5.7% | 5.8% |
| Net income | 5.6% | 5.9% | 6.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 73.3% | 72.2% | 71.4% | 73.2% |
| Operating margin | 13.4% | 13.8% | 14.5% | 15.5% |
| Net margin | 9.8% | 10.2% | 10.6% | 11.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 14.2 | 19.2 | 16.1 | 17.3 | 16.2 | 15.9 | 16.1 | 14.8 | 18.0 | 17.8 |
| Price to sales | 1.4 | 1.9 | 1.7 | 1.9 | 1.9 | 1.9 | 1.8 | 1.7 | 2.0 | 2.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 16 years. Last went ex-dividend on 11 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.42 | 0.97 | 1.22 | 1.24 | 0.84 | 0.80 | 0.60 | 0.80 |
- 1-to-1 reverse split · 23 Jun 2005
- 100-to-1 reverse split · 30 Dec 1994
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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