T 
69.50p
+0.72%
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
£74.0m
FY2016FY2025
Net income
−£15.1m
FY2016FY2025
Free cash flow
£3.2m
FY2016FY2025
Shareholders' equity
−£15.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £74.0m | £68.0m | £65.7m | £57.7m | £48.1m | £26.8m | £35.4m | £33.6m | £30.4m | £25.3m |
| Gross profit | £55.7m | £52.1m | £50.8m | £44.1m | £38.3m | £20.8m | £26.3m | £24.8m | £22.2m | £18.5m |
| Operating income | −£12.1m | −£1.2m | £684,110 | £536,129 | £1.8m | −£3.8m | £211,096 | £419,481 | −£855,372 | −£914,820 |
| Net income | −£15.1m | −£3.3m | −£1.1m | −£638,222 | £1.4m | £460,182 | −£2.1m | −£750,492 | −£993,902 | −£1.0m |
| Diluted earnings per share | -0.39 | -0.09 | -0.03 | -0.02 | 0.02 | 1.28 | -0.05 | -0.02 | -0.03 | -0.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £45.9m | £58.3m | £51.4m | £52.4m | £46.1m | £46.7m | £45.7m | £39.0m | £14.4m | £13.6m |
| Cash and short-term investments | £1.6m | £2.8m | £1.6m | £2.4m | £9.7m | £10.1m | £5.6m | £3.9m | £2.6m | £1.9m |
| Total liabilities | £61.8m | £58.8m | £48.5m | £48.8m | £42.2m | £48.7m | £46.1m | £38.4m | £12.1m | £10.2m |
| Debt | £48.1m | £46.0m | £38.2m | £39.7m | £34.6m | £43.8m | £40.0m | £33.7m | £7.3m | £4.8m |
| Shareholders' equity | −£15.8m | −£485,981 | £2.9m | £3.6m | £3.9m | −£2.0m | −£352,546 | £587,161 | £2.3m | £3.3m |
| Shares outstanding | 39m | 39m | 39m | 39m | 77m | 0m | 39m | 39m | 39m | 39m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £7.4m | £10.5m | £9.9m | £7.6m | £11.7m | £4.2m | £6.6m | £6.5m | £437,434 | £1.5m |
| Capital spending | −£4.3m | −£5.0m | −£4.5m | −£6.6m | −£2.8m | −£1.4m | −£3.4m | −£1.4m | −£2.2m | −£3.6m |
| Free cash flow | £3.2m | £5.5m | £5.4m | £943,435 | £8.9m | £2.8m | £3.2m | £5.2m | −£1.7m | −£2.1m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £38.5m | £38.0m | £36.0m | £36.5m | £18.2m | £31.5m | £15.8m | £32.9m |
| Gross profit | £26.6m | £25.3m | £25.0m | £27.6m | £13.8m | £24.5m | £12.3m | £25.6m |
| Operating income | £79,000 | −£887,927 | −£635,914 | −£1.9m | −£942,111 | £697,718 | £348,859 | £442,978 |
| Net income | −£1.6m | −£13.1m | −£2.1m | −£3.1m | −£1.5m | −£235,046 | −£117,523 | −£474,034 |
| Diluted earnings per share | -0.04 | -0.34 | -0.05 | -0.08 | -0.04 | -0.01 | -0.00 | -0.01 |
| Cash from operations | £3.0m | £5.0m | £1.0m | £3.0m | £3.0m | £3.0m | £1.0m | £5.0m |
| Capital spending | −£1.0m | −£2.0m | −£2.0m | −£1.0m | −£1.0m | −£2.0m | −£1.0m | −£2.0m |
| Free cash flow | £2.0m | £3.0m | −£1.0m | £2.0m | £2.0m | £1.0m | £0 | £3.0m |
| Total assets | £42.9m | £45.9m | £54.4m | £58.3m | £58.3m | £53.7m | £53.7m | £51.4m |
| Cash and short-term investments | £1.5m | £1.6m | £1.6m | £2.8m | £2.8m | £3.8m | £3.8m | £1.6m |
| Debt | £10.4m | £19.3m | £18.8m | £15.5m | £7.1m | £13.2m | £6.1m | £8.6m |
| Shareholders' equity | −£17.3m | −£15.8m | −£2.3m | −£485,981 | −£485,981 | £2.4m | £2.4m | £2.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 8.6% | 22.5% | 13.3% |
| Operating income | — | 25.8% | 41.1% |
| Net income | 187.1% | — | 41.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 75.9% | 76.4% | 76.9% | 75.9% |
| Operating margin | -9.4% | -4.5% | -4.2% | -3.2% |
| Net margin | -13.0% | -7.6% | -5.4% | -4.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -1.3 | -5.8 | -17.5 | -51.5 | 103.7 |
| Price to sales | 0.3 | 0.3 | 0.3 | 0.6 | 2.9 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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