N 
1,055.00p
-3.65%
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
£175.1m
FY2016FY2025
Net income
£21.4m
FY2016FY2025
Free cash flow
£14.7m
FY2016FY2025
Shareholders' equity
£94.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £175.1m | £172.8m | £170.7m | £164.9m | £144.3m | £118.7m | £147.0m | £142.0m | £132.8m | £117.3m |
| Gross profit | £80.7m | £79.0m | £72.2m | £71.0m | £65.2m | £49.6m | £70.0m | £64.9m | £60.6m | £59.1m |
| Research and development | — | — | £200,000 | £200,000 | £300,000 | £100,000 | £100,000 | £100,000 | — | — |
| Operating income | £31.7m | £21.5m | £22.3m | £13.5m | −£17.6m | £6.6m | £32.4m | £31.6m | £28.7m | £30.3m |
| Net income | £21.4m | £17.8m | £18.4m | £11.6m | −£22.2m | £4.9m | £26.8m | £25.5m | £23.2m | £25.5m |
| Diluted earnings per share | 0.58 | 0.49 | 0.50 | 0.32 | -0.60 | 0.13 | 0.73 | 0.69 | 0.63 | 0.69 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £131.6m | £121.5m | £131.0m | £122.2m | £131.2m | £146.0m | £156.3m | £141.8m | £127.4m | £117.3m |
| Cash and short-term investments | £55.7m | £55.2m | £67.0m | £56.3m | £56.7m | £47.3m | £40.9m | £38.9m | £36.1m | £39.8m |
| Total liabilities | £36.8m | £37.4m | £33.6m | £33.4m | £38.1m | £26.1m | £31.0m | £29.7m | £28.1m | £31.3m |
| Debt | £4.7m | £3.8m | £18.1m | £2.5m | £2.8m | £3.7m | £3.6m | — | — | — |
| Shareholders' equity | £94.8m | £84.0m | £97.3m | £88.7m | £93.0m | £119.9m | £125.3m | £112.1m | £99.3m | £86.0m |
| Shares outstanding | 37m | 37m | 36m | 36m | 37m | 37m | 37m | 37m | 37m | 37m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £15.6m | £16.9m | £20.0m | £16.3m | £19.9m | £21.5m | £28.2m | £23.3m | £17.7m | £20.2m |
| Capital spending | −£957,000 | −£851,000 | −£479,000 | −£1.2m | −£1.2m | −£2.9m | −£5.9m | −£3.9m | −£3.8m | −£2.4m |
| Free cash flow | £14.7m | £16.1m | £19.5m | £15.1m | £18.7m | £18.6m | £22.3m | £19.4m | £13.9m | £17.7m |
| Dividends paid | −£11.7m | −£31.2m | −£10.2m | −£9.4m | −£6.9m | −£10.3m | −£14.5m | −£12.8m | −£11.2m | −£9.8m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £89.5m | £89.6m | £85.5m | £88.8m | £84.0m | £85.2m | £85.5m | £42.8m |
| Gross profit | £39.3m | £43.0m | £37.7m | £42.0m | £37.0m | £37.0m | £35.2m | £17.6m |
| Operating income | £14.1m | £18.0m | £10.4m | £15.8m | £10.4m | £10.8m | £11.5m | £5.7m |
| Net income | £11.1m | £12.9m | £8.5m | £9.0m | £8.9m | £9.9m | £8.5m | £4.3m |
| Diluted earnings per share | 0.30 | 0.35 | 0.23 | 0.25 | 0.24 | 0.27 | 0.23 | 0.12 |
| Cash from operations | £18.0m | — | £14.0m | £9.0m | £9.0m | £16.0m | £5.0m | — |
| Total assets | £138.3m | £131.6m | £129.6m | £121.5m | £135.7m | £131.2m | £124.5m | £124.5m |
| Cash and short-term investments | £66.2m | £55.7m | £61.6m | £55.2m | £70.3m | £82.5m | £56.1m | £56.1m |
| Debt | — | £1.1m | — | £2.1m | £5.7m | £16.2m | — | £2.4m |
| Shareholders' equity | £99.1m | £94.8m | £87.0m | £84.0m | £100.3m | £97.3m | £91.9m | £91.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 2.0% | 8.1% | 4.8% |
| Operating income | 33.0% | 36.9% | 1.3% |
| Net income | 22.6% | 34.6% | -0.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 45.9% | 44.3% | 44.1% | 45.5% |
| Operating margin | 15.3% | 13.0% | 8.2% | 14.4% |
| Net margin | 11.3% | 10.1% | 5.5% | 11.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 16.4 | 26.0 | 22.6 | 33.6 | -24.8 | 102.8 | 21.7 | 19.8 | 24.6 | 23.9 |
| Price to sales | 2.0 | 2.7 | 2.4 | 2.4 | 3.8 | 4.2 | 4.0 | 3.6 | 4.3 | 5.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 36 years. Last went ex-dividend on 6 Aug 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.389 | 0.321 | 0.305 | 0.279 | 0.257 | 0.186 | 0.28 | 0.392 |
- 5-for-2 split · 8 Oct 1993
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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