M 
48.50p
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
£107.9m
FY2017FY2026
Net income
−£421,000
FY2017FY2026
Free cash flow
−£2.6m
FY2017FY2026
Shareholders' equity
£10.0m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £107.9m | £117.2m | £114.3m | £97.8m | £80.5m | £56.0m | £31.5m | £31.2m | £30.6m | £28.7m |
| Gross profit | £25.5m | £28.6m | £29.0m | £19.0m | £15.9m | £11.9m | £5.1m | £5.8m | £6.6m | £6.5m |
| Operating income | £438,000 | −£1.7m | £488,000 | £5.9m | £6.3m | £6.8m | £869,000 | £1.4m | £510,000 | £1.1m |
| Net income | −£421,000 | −£1.4m | £427,000 | £5.2m | £3.3m | £5.7m | £718,000 | £1.2m | £390,000 | £734,600 |
| Diluted earnings per share | -0.00 | -0.01 | 0.00 | 0.05 | 0.03 | 0.05 | 0.01 | 0.01 | — | 0.01 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £25.8m | £37.9m | £34.4m | £32.8m | £25.4m | £23.3m | £12.4m | £13.8m | £12.9m | £10.2m |
| Cash and short-term investments | £4.4m | £8.8m | £7.8m | £10.0m | £3.9m | £1.5m | £179,000 | £670,000 | £420,000 | £127,700 |
| Total liabilities | £15.8m | £26.6m | £20.6m | £19.0m | £15.9m | £12.9m | £8.4m | £10.2m | £9.2m | £6.6m |
| Debt | £1.9m | £2.5m | £1.2m | £1.4m | £2.3m | £752,000 | £2.8m | £3.7m | £4.0m | £3.5m |
| Shareholders' equity | £10.0m | £11.3m | £13.7m | £13.8m | £9.4m | £10.4m | £4.0m | £3.6m | £3.6m | £3.6m |
| Shares outstanding | 104m | 104m | 105m | 105m | 105m | 105m | 105m | 104m | 105m | 105m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −£2.3m | £3.8m | £1.6m | £9.1m | £4.6m | £2.8m | £1.0m | £1.7m | £1.8m | £92,900 |
| Capital spending | −£308,000 | −£591,000 | −£2.2m | −£1.1m | −£887,000 | −£216,000 | −£57,000 | −£218,000 | −£4.1m | −£152,400 |
| Free cash flow | −£2.6m | £3.3m | −£522,000 | £8.0m | £3.7m | £2.6m | £943,000 | £1.5m | −£2.3m | −£59,500 |
| Dividends paid | −£689,000 | −£1.0m | −£1.0m | −£1.0m | −£3.9m | −£315,000 | −£315,000 | −£352,000 | — | — |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Mar 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £54.9m | £53.0m | £58.7m | £58.8m | £60.4m | £53.9m | £54.6m | £27.3m |
| Gross profit | £12.6m | £12.9m | £14.1m | £14.5m | £15.6m | £8.5m | £11.2m | £5.6m |
| Operating income | £981,000 | −£543,000 | £466,000 | −£1.2m | −£426,000 | £1.4m | £3.9m | £2.0m |
| Net income | £43,000 | −£464,000 | −£617,000 | −£827,000 | −£446,000 | £873,000 | £3.4m | £1.7m |
| Diluted earnings per share | 0.00 | -0.00 | -0.01 | -0.01 | -0.00 | 0.01 | 0.03 | 0.02 |
| Cash from operations | £3.0m | −£5.0m | £3.0m | — | −£1.0m | £3.0m | £1.0m | £1.0m |
| Capital spending | — | — | — | — | — | −£1.0m | — | — |
| Free cash flow | — | — | — | — | — | £2.0m | — | — |
| Total assets | £25.8m | £29.7m | £37.9m | £41.6m | £34.4m | £35.4m | £32.8m | £32.8m |
| Cash and short-term investments | £4.4m | £1.5m | £8.8m | £6.7m | £7.8m | £10.9m | £10.0m | £10.0m |
| Debt | £1.1m | £988,000 | £993,000 | £1.0m | £621,000 | £862,000 | £921,000 | — |
| Shareholders' equity | £10.0m | £10.2m | £11.3m | £12.2m | £13.7m | £14.3m | £13.8m | £109.1m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 3.4% | 14.0% | — |
| Operating income | -58.0% | -42.3% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 24.0% | 23.4% | 22.7% | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Price to earnings | -119.8 | -33.2 | 130.3 | 18.6 | 27.0 | 22.2 |
| Price to sales | 0.5 | 0.4 | 0.5 | 1.0 | 1.1 | 2.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 10 Jul 2025.
| FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Paid in the year | 0.007 | 0.01 | 0.01 | 0.01 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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