M 
69.00p
+0.73%
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
£68.9m
FY2016FY2025
Net income
£3.6m
FY2016FY2025
Free cash flow
£771,000
FY2016FY2025
Shareholders' equity
£93.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £68.9m | £70.1m | £77.3m | £68.4m | £59.5m | £52.0m | £53.5m | £46.3m | £37.9m | £30.1m |
| Gross profit | £22.4m | £25.1m | £30.1m | £25.8m | £23.0m | £20.3m | £20.7m | £18.0m | £13.4m | £10.3m |
| Operating income | £4.6m | £8.2m | £12.3m | £11.6m | £9.9m | £7.5m | £9.0m | £7.9m | £5.0m | £4.5m |
| Net income | £3.6m | £6.1m | £9.7m | £8.9m | £6.1m | £4.9m | £8.6m | £5.0m | £2.2m | £3.6m |
| Diluted earnings per share | 0.04 | 0.07 | 0.10 | 0.09 | 0.06 | 0.05 | 0.09 | 0.06 | 0.03 | 0.04 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £125.0m | £127.0m | £124.0m | £123.3m | £112.7m | £115.8m | £121.4m | £97.2m | £96.9m | £62.8m |
| Cash and short-term investments | £1.3m | £6.0m | £11.0m | £10.6m | £8.5m | £12.2m | £15.1m | £5.3m | £4.1m | £4.7m |
| Total liabilities | £32.0m | £31.0m | £31.1m | £34.3m | £27.6m | £36.2m | £45.3m | £33.4m | £37.6m | £9.1m |
| Debt | £4.5m | £2.3m | £1.4m | £1.3m | £1.4m | £12.2m | £22.7m | £17.1m | £21.6m | — |
| Shareholders' equity | £93.0m | £95.9m | £92.8m | £89.0m | £85.1m | £79.7m | £76.1m | £63.8m | £59.4m | £53.6m |
| Shares outstanding | 92m | 93m | 96m | 95m | 95m | 101m | 92m | 89m | 88m | 82m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £6.3m | £7.9m | £10.8m | £18.0m | £13.6m | £10.4m | £14.5m | £9.8m | £5.1m | £4.7m |
| Capital spending | −£5.5m | −£5.6m | −£3.1m | −£3.0m | −£4.2m | −£1.2m | −£2.4m | −£2.0m | −£1.0m | −£2.3m |
| Free cash flow | £771,000 | £2.3m | £7.7m | £15.0m | £9.3m | £9.1m | £12.1m | £7.9m | £4.1m | £2.5m |
| Dividends paid | −£4.3m | −£4.2m | −£4.0m | −£3.3m | −£1.9m | −£821,000 | −£2.5m | −£1.9m | −£1.6m | −£812,000 |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £32.4m | £33.1m | £35.8m | £34.7m | £35.4m | £35.3m | £42.0m | £34.4m |
| Gross profit | £11.3m | £11.0m | £12.0m | £11.6m | £12.1m | £13.9m | £14.8m | £13.5m |
| Operating income | £3.1m | £1.6m | £3.0m | £4.0m | £4.1m | £6.2m | £6.0m | £5.9m |
| Net income | £2.3m | £1.4m | £2.3m | £3.0m | £3.1m | £5.0m | £4.7m | £4.5m |
| Diluted earnings per share | 0.03 | 0.01 | 0.02 | 0.03 | 0.03 | 0.05 | 0.05 | 0.05 |
| Cash from operations | — | £4.0m | £1.0m | £8.0m | −£1.0m | £4.0m | £6.0m | £11.0m |
| Capital spending | −£1.0m | −£1.0m | −£3.0m | −£3.0m | −£2.0m | — | −£2.0m | −£1.0m |
| Free cash flow | — | £3.0m | −£2.0m | £5.0m | −£3.0m | — | £4.0m | £10.0m |
| Total assets | £129.1m | £125.0m | £129.8m | £127.0m | £124.8m | £124.0m | £127.5m | £123.3m |
| Cash and short-term investments | £1.0m | £1.3m | £1.5m | £6.0m | £4.1m | £11.0m | £11.8m | £10.6m |
| Debt | £6.9m | £3.0m | £799,000 | £689,000 | £620,000 | £698,000 | £493,000 | £761,000 |
| Shareholders' equity | £89.8m | £93.0m | £93.7m | £95.9m | £90.9m | £92.8m | £89.5m | £89.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.3% | 5.8% | 9.0% |
| Operating income | -26.7% | -9.5% | -0.3% |
| Net income | -25.6% | -5.8% | 0.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 34.2% | 36.3% | 37.0% | 37.1% |
| Operating margin | 9.2% | 12.9% | 13.6% | 14.4% |
| Net margin | 7.0% | 9.9% | 9.9% | 10.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 21.3 | 15.2 | 9.3 | 10.3 | 19.8 | 27.6 | 12.9 | 13.6 | 36.5 | 11.2 |
| Price to sales | 1.1 | 1.3 | 1.2 | 1.3 | 2.0 | 2.6 | 2.1 | 1.5 | 2.1 | 1.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 27 Nov 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.046 | 0.046 | 0.045 | 0.038 | 0.037 | 0.033 | 0.025 | 0.027 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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