L 
270.00p
-0.74%
Close of 9 Nov 2026, in pence
Search any instrument
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
£184.1m
FY2016FY2025
Net income
£17.0m
FY2016FY2025
Free cash flow
£22.5m
FY2016FY2025
Shareholders' equity
£82.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £184.1m | £173.2m | £144.4m | £217.5m | £327.8m | £267.5m | £312.0m | £324.6m | £311.5m | £307.8m |
| Research and development | £770,000 | £50,000 | — | — | — | — | — | — | — | — |
| Operating income | £26.3m | £23.3m | £3.7m | £25.7m | £72.6m | £23.9m | £29.8m | £30.0m | £44.0m | £68.1m |
| Net income | £17.0m | £17.4m | −£38.0m | −£63.2m | £61.9m | £16.3m | £13.0m | £17.9m | £33.4m | £50.5m |
| Diluted earnings per share | 0.16 | 0.17 | -0.37 | -0.62 | 0.59 | 0.16 | 0.13 | 0.17 | 0.32 | 0.49 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £181.0m | £167.8m | £149.5m | £217.6m | £319.5m | £292.2m | £298.0m | £275.6m | £265.6m | £249.6m |
| Cash and short-term investments | £67.2m | £66.8m | £58.2m | £61.2m | £48.5m | £11.4m | −£37.2m | £2.4m | — | — |
| Total liabilities | £99.1m | £86.0m | £73.6m | £86.5m | £101.4m | £134.5m | £156.7m | £133.0m | £117.0m | £120.9m |
| Debt | £45.8m | £34.0m | £31.5m | £35.4m | £31.1m | £47.0m | £79.2m | £34.5m | £32.0m | £22.3m |
| Shareholders' equity | £82.1m | £82.2m | £76.3m | £125.6m | £217.6m | £157.8m | £141.2m | £142.6m | £148.4m | £128.6m |
| Shares outstanding | 105m | 104m | 103m | 102m | 104m | 105m | 103m | 103m | 103m | 103m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £23.8m | £27.8m | −£6.9m | £26.3m | £31.4m | £53.3m | £29.2m | £23.7m | £29.1m | £22.6m |
| Capital spending | −£1.2m | −£3.0m | −£2.9m | −£4.9m | −£6.9m | −£4.0m | −£4.9m | −£5.9m | −£5.5m | −£6.1m |
| Free cash flow | £22.5m | £24.8m | −£9.8m | £21.4m | £24.5m | £49.3m | £24.3m | £17.9m | £23.6m | £16.6m |
| Dividends paid | −£11.8m | −£11.8m | −£11.7m | −£11.8m | −£4.2m | −£4.2m | −£11.2m | −£11.6m | −£10.6m | −£12.9m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £93.3m | £94.4m | £89.7m | £88.0m | £85.4m | £71.4m | £72.8m | £161.1m |
| Operating income | £12.3m | £15.2m | £11.0m | £10.3m | £13.0m | £5.5m | −£3.8m | −£69.8m |
| Net income | £8.6m | £8.8m | £8.2m | £7.4m | £9.9m | £629,000 | £102.9m | £102.9m |
| Diluted earnings per share | 0.08 | 0.08 | 0.08 | 0.07 | 0.10 | 0.01 | 1.00 | 1.01 |
| Cash from operations | £5.0m | £20.0m | £2.0m | £17.0m | £11.0m | £4.0m | −£10.0m | £22.0m |
| Capital spending | — | −£1.0m | −£2.0m | −£1.0m | −£1.0m | −£1.0m | −£1.0m | −£2.0m |
| Free cash flow | — | £19.0m | £0 | £16.0m | £10.0m | £3.0m | −£11.0m | £20.0m |
| Total assets | £164.5m | £181.0m | £163.1m | £167.8m | £170.5m | £149.5m | £141.9m | £217.6m |
| Cash and short-term investments | £54.0m | £67.2m | £54.7m | £66.8m | £76.4m | £58.2m | £38.5m | £36.8m |
| Debt | £33.9m | £41.6m | £32.9m | £32.8m | £44.4m | £26.4m | £3.2m | £9.3m |
| Shareholders' equity | £80.5m | £82.1m | £81.7m | £82.2m | £78.3m | £76.3m | £84.3m | £130.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -5.4% | -7.2% | -4.8% |
| Operating income | 0.7% | 1.9% | -3.6% |
| Net income | — | 0.8% | -5.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 13.9% | 11.0% | 13.4% | 13.4% |
| Net margin | 9.6% | -9.3% | 0.9% | 5.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 16.2 | 18.2 | -7.0 | -4.0 | 6.9 | 18.7 | 21.7 | 12.7 | 8.6 | 4.7 |
| Price to sales | 1.5 | 1.8 | 1.8 | 1.2 | 1.3 | 1.1 | 0.9 | 0.7 | 0.9 | 0.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 14 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.074 | 0.114 | 0.164 | 0.114 | 0.114 | 0.04 | 0.109 | 0.113 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.