N 
117.50p
+7.80%
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
£86.1m
FY2017FY2026
Net income
£4.2m
FY2017FY2026
Free cash flow
£4.2m
FY2017FY2026
Shareholders' equity
£26.0m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £86.1m | £78.1m | £68.7m | £69.7m | £61.1m | £49.2m | £54.4m | £56.6m | £53.6m | £45.6m |
| Gross profit | £22.0m | £19.2m | £15.9m | £13.9m | £12.4m | £8.4m | £10.7m | £11.9m | £10.5m | £9.3m |
| Operating income | £5.1m | £3.4m | £2.4m | £2.1m | £2.4m | −£192,000 | £2.0m | £3.1m | £3.0m | £2.5m |
| Net income | £4.2m | £2.3m | £1.6m | £1.6m | −£1.3m | −£1.8m | £1.5m | £2.6m | £2.0m | £2.0m |
| Diluted earnings per share | 0.29 | 0.16 | 0.12 | 0.08 | -0.07 | -0.10 | 0.08 | 0.14 | 0.11 | 0.11 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £44.7m | £42.6m | £39.3m | £40.1m | £39.0m | £36.5m | £39.2m | £37.0m | £36.5m | £32.8m |
| Cash and short-term investments | £6.2m | £4.0m | £978,000 | £3.1m | £3.2m | £2.1m | £3.7m | £3.0m | £1.7m | £2.6m |
| Total liabilities | £18.6m | £20.2m | £19.1m | £17.5m | £18.1m | £14.3m | £15.1m | £13.7m | £15.1m | £13.1m |
| Debt | £2.5m | £3.2m | £5.2m | £2.2m | £3.3m | £1.6m | £5.2m | £1.5m | £2.9m | £2.3m |
| Shareholders' equity | £26.0m | £22.3m | £20.3m | £22.6m | £21.0m | £22.3m | £24.1m | £23.2m | £21.4m | £19.7m |
| Shares outstanding | 14m | 14m | 14m | 19m | 19m | 19m | 19m | 19m | 19m | 18m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £6.2m | £7.4m | £683,000 | £2.6m | £2.0m | £3.4m | £755,000 | £4.3m | £780,000 | £4.0m |
| Capital spending | −£2.0m | −£1.9m | −£2.0m | −£1.5m | −£1.7m | −£1.2m | −£1.2m | −£581,000 | −£569,000 | −£689,000 |
| Free cash flow | £4.2m | £5.5m | −£1.3m | £1.1m | £248,000 | £2.2m | −£401,000 | £3.7m | £211,000 | £3.3m |
| Dividends paid | −£482,000 | −£275,000 | −£836,000 | — | — | −£741,000 | −£741,000 | −£740,000 | −£742,000 | −£353,000 |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £36.7m | £49.4m | £40.5m | £37.6m | £31.8m | £36.9m | £18.4m | £35.8m |
| Gross profit | £9.7m | £12.2m | £10.3m | £8.9m | £7.7m | £8.2m | £4.1m | £6.9m |
| Operating income | £1.0m | £4.1m | £1.6m | £1.7m | £662,000 | £1.7m | £839,000 | £674,000 |
| Net income | £1.1m | £3.0m | £1.2m | £1.2m | £366,000 | £1.3m | £629,000 | £465,000 |
| Diluted earnings per share | 0.08 | 0.21 | 0.08 | 0.08 | 0.03 | 0.07 | 0.03 | 0.02 |
| Cash from operations | £3.0m | £2.0m | £4.0m | £2.0m | £1.0m | −£1.0m | — | £5.0m |
| Capital spending | — | −£1.0m | — | −£1.0m | −£1.0m | — | — | — |
| Free cash flow | — | £1.0m | — | £1.0m | £0 | — | — | — |
| Total assets | £44.7m | £47.2m | £42.6m | £40.6m | £39.3m | £38.9m | £38.9m | £40.1m |
| Cash and short-term investments | £6.2m | £3.8m | £4.0m | £1.4m | £978,000 | £439,000 | £439,000 | £3.1m |
| Debt | £898,000 | £783,000 | £2.2m | £3.6m | £3.9m | £759,000 | £1.5m | £735,000 |
| Shareholders' equity | £26.0m | £24.8m | £22.3m | £21.1m | £20.3m | £23.3m | £23.3m | £22.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 7.3% | 11.9% | 9.5% |
| Operating income | 34.3% | — | 9.7% |
| Net income | 37.6% | — | 11.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 25.1% | 23.5% | 22.2% | 21.7% |
| Operating margin | 5.2% | 4.3% | 3.7% | 4.2% |
| Net margin | 3.9% | 3.2% | 1.6% | 2.4% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 3.9 | 8.3 | 4.7 | 7.2 | -6.2 | -6.8 | 6.0 | 5.2 | 6.7 | 6.7 |
| Price to sales | 0.2 | 0.3 | 0.1 | 0.2 | 0.1 | 0.3 | 0.2 | 0.2 | 0.3 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 3 years. Last went ex-dividend on 28 Aug 2025.
| FY2026 | FY2025 | FY2024 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.025 | 0.02 | 0.04 | 0.033 | 0.03 | 0.025 | 0.02 | 0.017 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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