N 
24.50p
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
£63.3m
FY2016FY2025
Net income
−£4.0m
FY2016FY2025
Free cash flow
£243,000
FY2016FY2025
Shareholders' equity
£18.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £63.3m | £56.0m | £67.1m | £66.3m | £60.0m | £52.8m | £50.3m | £58.1m | £57.3m | £61.8m |
| Gross profit | £9.0m | £8.0m | £8.9m | £8.5m | £7.8m | £5.5m | £4.3m | £4.5m | £4.4m | £4.8m |
| Operating income | −£3.7m | −£1.4m | −£492,000 | −£452,000 | £377,000 | −£736,000 | −£870,000 | −£579,000 | −£1.1m | −£1.3m |
| Net income | −£4.0m | −£1.3m | −£411,000 | −£442,000 | £337,000 | £8.5m | −£326,000 | −£489,000 | −£999,000 | −£1.2m |
| Diluted earnings per share | -0.15 | -0.05 | -0.02 | -0.02 | 0.01 | 0.31 | -0.01 | -0.02 | -0.04 | -0.04 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £38.0m | £38.4m | £35.8m | £34.8m | £35.1m | £33.3m | £24.1m | £24.5m | £26.2m | £26.9m |
| Cash and short-term investments | £4.6m | £4.7m | £5.5m | £4.7m | £7.4m | £11.0m | £3.4m | £5.1m | £5.0m | £5.5m |
| Total liabilities | £20.0m | £15.9m | £12.0m | £10.4m | £10.0m | £8.4m | £7.4m | £7.0m | £8.2m | £7.8m |
| Shareholders' equity | £18.0m | £22.5m | £23.9m | £24.5m | £25.1m | £24.9m | £16.6m | £17.5m | £18.1m | £19.1m |
| Shares outstanding | 27m | 27m | 27m | 27m | 27m | 27m | 27m | 27m | 28m | 28m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £480,000 | −£269,000 | −£219,000 | −£2.4m | −£3.1m | −£1.2m | −£1.5m | £118,000 | −£297,000 | £111,000 |
| Capital spending | −£237,000 | −£435,000 | −£358,000 | −£222,000 | −£249,000 | −£5.4m | −£71,000 | −£57,000 | −£197,000 | −£32,000 |
| Free cash flow | £243,000 | −£704,000 | −£577,000 | −£2.6m | −£3.4m | −£6.6m | −£1.6m | £61,000 | −£494,000 | £79,000 |
| Dividends paid | −£164,000 | −£163,000 | −£163,000 | −£191,000 | −£163,000 | −£164,000 | −£55,000 | −£56,000 | −£56,000 | −£113,000 |
Latest quarters
By quarter end
| Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £39.4m | £31.1m | £32.2m | £26.8m | £29.2m | £33.5m | £16.8m | £33.6m |
| Gross profit | £5.9m | £4.1m | £4.9m | £3.9m | £4.1m | £4.5m | £2.3m | £4.4m |
| Operating income | −£226,000 | −£3.2m | −£486,000 | −£951,000 | −£465,000 | −£229,000 | −£114,000 | −£263,000 |
| Net income | −£378,000 | −£3.4m | −£598,000 | −£916,000 | −£413,000 | −£161,000 | −£80,000 | −£250,000 |
| Diluted earnings per share | -0.01 | -0.13 | -0.02 | -0.03 | -0.02 | -0.01 | -0.00 | -0.01 |
| Cash from operations | −£1.0m | £1.0m | −£1.0m | £2.0m | −£2.0m | — | — | — |
| Total assets | £50.5m | £38.0m | £35.2m | £38.4m | £30.8m | £35.8m | £35.8m | £32.1m |
| Cash and short-term investments | £2.8m | £4.6m | £2.6m | £4.7m | £2.5m | £5.5m | £5.5m | £6.1m |
| Shareholders' equity | £17.7m | £18.0m | £21.9m | £22.5m | £23.5m | £23.9m | £23.9m | £24.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -1.5% | 3.7% | 58.0% |
| Operating income | 101.9% | 38.3% | 82.0% |
| Net income | 108.9% | — | 84.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 14.3% | 13.6% | 13.0% | 11.1% |
| Operating margin | -4.3% | -2.4% | -1.8% | -1.7% |
| Net margin | -4.5% | -2.5% | 0.7% | -0.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -2.2 | -5.9 | -29.5 | -26.8 | 52.9 | 1.7 | -44.5 | -16.5 | -7.8 | -7.2 |
| Price to sales | 0.1 | 0.1 | 0.2 | 0.2 | 0.3 | 0.3 | 0.3 | 0.1 | 0.1 | 0.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 36 years. Last went ex-dividend on 8 Jan 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.003 | 0.006 | 0.006 | 0.006 | 0.007 | 0.006 | 0.006 | 0.002 |
- 1-to-1 reverse split · 4 Apr 2008
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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