M 
1,585.00p
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
£115.0m
FY2017FY2026
Net income
£11.0m
FY2017FY2026
Free cash flow
£23.3m
FY2017FY2026
Shareholders' equity
£68.3m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £115.0m | £117.5m | £109.6m | £84.0m | £74.5m | £61.5m | £61.2m | £77.7m | £68.1m | £53.8m |
| Gross profit | £39.5m | £40.0m | £33.9m | £23.4m | £20.4m | £17.3m | £12.9m | £21.6m | £18.2m | £14.9m |
| Research and development | — | — | £1.2m | £1.9m | £1.4m | £1.1m | £2.1m | £958,000 | £1.1m | £1.5m |
| Operating income | £14.8m | £18.7m | £14.8m | £5.7m | £3.1m | £590,000 | −£2.6m | £6.0m | £4.1m | £1.5m |
| Net income | £11.0m | £14.5m | £11.5m | £4.1m | £4.9m | £1.2m | −£2.5m | £3.8m | £3.4m | £1.5m |
| Diluted earnings per share | 0.65 | 0.87 | 0.68 | 0.24 | 0.30 | 0.07 | -0.15 | 0.23 | 0.21 | 0.09 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £127.8m | £134.1m | £128.7m | £79.3m | £80.6m | £74.4m | £66.4m | £70.4m | £70.1m | £63.6m |
| Cash and short-term investments | £46.5m | £23.7m | £35.5m | £15.3m | £19.3m | £23.6m | £16.1m | £22.9m | £15.9m | £15.2m |
| Total liabilities | £59.5m | £73.0m | £77.9m | £38.2m | £42.0m | £43.4m | £36.3m | £34.6m | £36.7m | £34.5m |
| Debt | £910,000 | £414,000 | £804,000 | £1.2m | £1.5m | £545,000 | £1.2m | — | — | — |
| Shareholders' equity | £68.3m | £61.2m | £50.8m | £41.1m | £38.6m | £31.0m | £30.1m | £35.8m | £33.4m | £29.0m |
| Shares outstanding | 17m | 17m | 17m | 17m | 17m | 16m | 17m | 17m | 17m | 17m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £26.0m | −£3.2m | £36.6m | −£397,000 | −£99,000 | £9.8m | −£3.3m | £9.1m | £3.0m | £7.8m |
| Capital spending | −£2.7m | −£3.8m | −£4.9m | −£2.0m | −£2.8m | −£781,000 | −£721,000 | −£891,000 | −£1.1m | −£4.2m |
| Free cash flow | £23.3m | −£7.0m | £31.7m | −£2.4m | −£2.9m | £9.0m | −£4.0m | £8.2m | £1.9m | £3.6m |
| Dividends paid | −£3.9m | −£3.5m | −£2.6m | −£1.5m | −£1.3m | −£578,000 | −£1.4m | −£1.4m | −£1.4m | −£1.3m |
Latest quarters
By quarter end
| Apr 2026 | Oct 2025 | Apr 2025 | Oct 2024 | Apr 2024 | Oct 2023 | Apr 2023 | Jan 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £59.2m | £55.8m | £62.8m | £54.7m | £52.6m | £57.0m | £41.9m | £21.0m |
| Gross profit | £19.1m | £20.4m | £21.4m | £18.6m | £15.8m | £18.1m | £11.5m | £5.7m |
| Operating income | £6.2m | £8.6m | £11.6m | £8.0m | £7.1m | £8.3m | £1.7m | £792,000 |
| Net income | £4.8m | £6.3m | £8.1m | £6.4m | £5.7m | £5.8m | £1.3m | £672,000 |
| Diluted earnings per share | 0.28 | 0.38 | 0.48 | 0.38 | 0.34 | 0.34 | 0.08 | 0.04 |
| Cash from operations | £12.0m | £13.0m | −£1.0m | −£1.0m | −£2.0m | £39.0m | −£3.0m | −£3.0m |
| Capital spending | — | −£2.0m | −£1.0m | −£1.0m | −£3.0m | −£1.0m | — | — |
| Free cash flow | — | £11.0m | −£2.0m | −£2.0m | −£5.0m | £38.0m | — | — |
| Total assets | £127.8m | £131.0m | £134.1m | £132.1m | £128.7m | £128.4m | £79.3m | £79.3m |
| Cash and short-term investments | £46.5m | £35.7m | £23.7m | £27.9m | £35.5m | £50.1m | £15.3m | £12.3m |
| Debt | £233,000 | £214,000 | £353,000 | £378,000 | £382,000 | £384,000 | £379,000 | — |
| Shareholders' equity | £68.3m | £64.8m | £61.2m | £51.1m | £50.8m | £43.4m | £41.1m | £28.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 11.1% | 13.3% | 8.8% |
| Operating income | 37.4% | 90.5% | 24.6% |
| Net income | 38.9% | 56.4% | 21.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 34.2% | 32.1% | 31.0% | 29.2% |
| Operating margin | 14.4% | 12.7% | 10.3% | 7.8% |
| Net margin | 11.0% | 9.7% | 8.4% | 6.3% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 24.8 | 16.8 | 13.5 | 36.0 | 22.3 | 29.9 | -8.0 | 7.8 | 10.2 | 23.0 |
| Price to sales | 2.4 | 2.1 | 1.4 | 1.8 | 1.5 | 0.6 | 0.3 | 0.4 | 0.5 | 0.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 37 years. Last went ex-dividend on 20 Aug 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.20 | 0.24 | 0.215 | 0.16 | 0.095 | 0.082 | 0.035 | 0.082 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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