N 
158.60p
-1.25%
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
£200.5m
FY2017FY2026
Net income
£9.1m
FY2017FY2026
Free cash flow
£36.8m
FY2017FY2026
Shareholders' equity
£169.1m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £200.5m | £238.9m | £322.1m | £335.1m | £314.8m | £270.5m | £263.7m | £250.7m | £233.0m | £215.3m |
| Gross profit | £56.5m | £68.4m | £96.4m | £109.4m | £132.6m | £90.9m | £80.8m | £101.8m | £95.9m | £78.2m |
| Research and development | — | £400,000 | £375,000 | £500,000 | £1.0m | £500,000 | £600,000 | £2.1m | £3.2m | £8.9m |
| Operating income | −£19.9m | −£8.0m | £19.1m | £17.6m | £34.7m | £31.0m | £21.5m | £19.5m | £13.5m | −£42.9m |
| Net income | £9.1m | £17.1m | −£32.5m | −£4.6m | £23.0m | £10.0m | £6.4m | £13.5m | £6.7m | −£57.8m |
| Diluted earnings per share | 0.03 | 0.06 | -0.10 | -0.01 | 0.07 | 0.03 | 0.02 | 0.05 | 0.02 | -0.21 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £366.1m | £343.3m | £420.1m | £501.4m | £576.4m | £432.3m | £437.2m | £347.3m | £353.8m | £370.6m |
| Cash and short-term investments | £9.6m | £12.5m | £29.8m | £34.1m | £73.2m | £116.5m | £95.0m | £34.9m | £21.2m | £12.3m |
| Total liabilities | £197.0m | £136.8m | £198.3m | £223.2m | £283.2m | £166.1m | £231.3m | £136.5m | £147.2m | £158.5m |
| Debt | £58.9m | £22.8m | £87.3m | £113.7m | £158.2m | £67.6m | £137.4m | £85.6m | £79.6m | £91.6m |
| Shareholders' equity | £169.1m | £206.5m | £235.0m | £278.2m | £293.2m | £266.2m | £205.9m | £210.8m | £206.6m | £212.1m |
| Shares outstanding | 307m | 307m | 311m | 311m | 313m | 311m | 281m | 282m | 281m | 280m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £41.2m | £33.5m | £26.4m | £32.1m | £54.8m | £38.9m | £47.1m | £39.8m | £33.0m | £28.0m |
| Capital spending | −£4.4m | −£4.7m | −£6.2m | −£7.3m | −£8.2m | −£4.8m | −£13.2m | −£3.0m | −£7.7m | −£11.0m |
| Free cash flow | £36.8m | £28.8m | £20.2m | £24.8m | £46.6m | £34.1m | £33.9m | £36.8m | £25.3m | £17.0m |
| Dividends paid | −£9.2m | −£19.0m | −£14.5m | −£14.5m | −£14.4m | −£13.0m | −£12.9m | −£12.9m | −£12.8m | −£12.8m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | May 2025 | Mar 2025 | Nov 2024 | Sept 2024 | May 2024 | Nov 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £118.4m | £82.1m | £123.5m | £123.5m | £167.8m | £167.8m | £167.8m | £156.6m |
| Gross profit | £39.9m | £16.6m | £56.9m | £56.9m | £74.8m | £74.8m | £74.8m | £48.8m |
| Operating income | −£1.3m | −£18.6m | £10.6m | £10.6m | −£21.7m | −£21.7m | −£21.7m | £4.2m |
| Net income | £8.0m | £1.1m | £16.0m | £16.0m | −£23.2m | −£23.2m | −£23.2m | −£1.7m |
| Diluted earnings per share | 0.03 | 0.00 | 0.05 | 0.05 | -0.07 | -0.07 | -0.07 | -0.01 |
| Cash from operations | £15.0m | £25.0m | £7.0m | £7.0m | £19.0m | £19.0m | £19.0m | £8.0m |
| Capital spending | −£1.0m | −£3.0m | −£1.0m | −£1.0m | −£1.0m | −£1.0m | −£1.0m | −£5.0m |
| Free cash flow | £14.0m | £22.0m | £6.0m | £6.0m | £18.0m | £18.0m | £18.0m | £3.0m |
| Total assets | £366.1m | £343.3m | £438.2m | £438.2m | £420.1m | £420.1m | £433.3m | £499.3m |
| Cash and short-term investments | £9.6m | £12.5m | £95.2m | £95.2m | £29.8m | £29.8m | £18.0m | £17.5m |
| Debt | £45.3m | £7.4m | £18.0m | £100.7m | £19.3m | £19.3m | £11.2m | £72.8m |
| Shareholders' equity | £169.1m | £206.5m | £206.8m | £206.8m | £205.2m | £205.2m | £235.0m | £264.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -15.7% | -5.8% | -0.4% |
| Net income | — | -1.9% | 3.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 28.4% | 30.2% | 33.0% | 34.7% |
| Operating margin | -6.3% | 0.8% | 4.4% | 3.4% |
| Net margin | 6.0% | -1.0% | 1.3% | -0.1% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 55.3 | 25.0 | -14.4 | -87.0 | 27.2 | 72.7 | 110.7 | 47.1 | 73.5 | -11.3 |
| Price to sales | 2.5 | 1.8 | 1.4 | 1.2 | 2.0 | 2.7 | 2.7 | 2.5 | 2.1 | 3.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 21 years. Last went ex-dividend on 10 Sept 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.015 | 0.032 | 0.062 | 0.047 | 0.047 | 0.047 | 0.047 | 0.047 |
- 6-for-1 split · 19 Dec 2012
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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