L 
5.98p
-0.33%
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
£12.6m
FY2017FY2026
Net income
−£38.8m
FY2017FY2026
Free cash flow
—
FY2017FY2026
Shareholders' equity
£143.2m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £12.6m | −£3.9m | £6.0m | −£101,000 | −£3.7m | £55.1m | £18.5m | £34.6m | £35.3m | £31.1m |
| Operating income | −£38.7m | −£4.5m | £4.3m | −£672,000 | −£4.3m | £54.7m | £18.1m | £34.2m | £35.0m | £30.8m |
| Net income | −£38.8m | −£4.6m | £4.2m | −£771,000 | −£4.4m | £54.6m | £18.0m | £34.1m | £34.9m | £30.8m |
| Diluted earnings per share | -1.94 | -0.23 | 0.21 | -3.86 | -21.78 | 272.93 | 90.23 | 170.65 | 174.67 | 153.99 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £143.4m | £190.6m | £205.6m | £211.6m | £223.0m | £240.0m | £191.5m | £181.8m | £152.4m | £120.6m |
| Cash and short-term investments | £2.8m | £4.6m | £6.0m | £8.0m | £6.7m | £5.5m | £5.4m | £3.8m | £3.2m | £1.7m |
| Total liabilities | £195,000 | £209,000 | £303,000 | £239,000 | £228,000 | £2.9m | £153,000 | £2.6m | £3.0m | £3.0m |
| Shareholders' equity | £143.2m | £190.4m | £205.3m | £211.4m | £222.8m | £237.1m | £191.3m | £179.2m | £149.4m | £117.6m |
| Shares outstanding | 20m | 20m | 20m | 0m | 0m | 0m | 0m | 0m | 0m | 0m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £6.5m | £8.5m | £10.3m | £12.2m | £11.2m | £8.9m | £7.5m | £5.0m | £4.6m | £2.6m |
| Capital spending | −£6.5m | — | — | — | — | — | — | — | — | — |
| Free cash flow | — | £8.5m | £10.3m | £12.2m | £11.2m | £8.9m | £7.5m | £5.0m | £4.6m | £2.6m |
| Dividends paid | −£8.4m | −£10.3m | −£10.3m | −£10.6m | −£10.0m | −£8.8m | −£5.9m | −£4.4m | −£3.2m | −£1.8m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Dec 2023 | Sept 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | −£31.2m | −£6.0m | £46,000 | −£3.0m | £12.4m | £6.2m | −£6.4m | −£3.2m |
| Operating income | −£31.9m | −£6.8m | −£698,000 | −£3.8m | £11.6m | £5.8m | −£7.3m | −£3.6m |
| Net income | −£32.0m | −£6.8m | −£739,000 | −£3.8m | £11.5m | £5.8m | −£7.3m | −£3.7m |
| Diluted earnings per share | -1.60 | -0.34 | -0.04 | -0.19 | 0.58 | 28.84 | -36.70 | -18.35 |
| Cash from operations | £2.0m | £4.0m | £3.0m | £5.0m | £4.0m | £2.0m | £5.0m | £2.0m |
| Capital spending | −£2.0m | — | −£3.0m | — | — | — | — | — |
| Free cash flow | £0 | — | £0 | — | — | — | — | — |
| Total assets | £143.4m | £175.4m | £190.6m | £191.5m | £205.6m | £205.6m | £194.0m | £194.0m |
| Cash and short-term investments | £2.8m | £378,000 | £4.6m | £715,000 | £6.0m | £6.0m | £3.8m | £3.8m |
| Shareholders' equity | £143.2m | £175.2m | £190.4m | £191.2m | £205.3m | £205.3m | £193.8m | £193.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | — | -25.6% | 2.5% |
| Operating income | 286.0% | — | — |
| Net income | 269.2% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -497.7% | -271.4% | 16.5% | 71.0% |
| Net margin | -500.5% | -274.4% | 15.6% | 70.5% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -3.1 | -28.5 | 38.1 | -2.2 | -0.5 | 0.1 | 0.2 | 0.1 | 0.1 | 0.1 |
| Price to sales | 9.6 | -33.2 | 26.7 | -17.1 | -0.6 | 0.1 | 0.2 | 0.1 | 0.1 | 0.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 23 years. Last went ex-dividend on 21 Aug 2025.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.42 | 0.515 | 0.515 | 0.53 | 0.50 | 0.44 | 0.295 | 0.218 |
- 100-for-1 split · 24 Sept 2025
- 3-to-1 reverse split · 2 Oct 2002
- 3-for-1 split · 1 Oct 2002
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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