P 
866.00p
+1.17%
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
£194.0m
FY2016FY2025
Net income
£18.1m
FY2016FY2025
Free cash flow
£16.4m
FY2016FY2025
Shareholders' equity
£167.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £194.0m | £192.6m | £176.0m | £172.6m | £146.3m | £135.0m | £144.9m | £128.8m | £116.4m | £109.4m |
| Gross profit | £68.7m | £65.1m | £62.3m | £59.0m | £47.0m | £43.5m | £47.4m | £44.4m | £38.3m | £36.0m |
| Research and development | — | £3.8m | £4.0m | £3.5m | £3.1m | £3.6m | £4.2m | £4.0m | £3.9m | £3.5m |
| Operating income | £24.6m | £22.8m | £21.2m | £19.8m | £15.8m | £12.6m | £14.8m | £12.9m | £12.3m | £10.7m |
| Net income | £18.1m | £16.5m | £16.0m | £14.7m | £11.9m | £8.4m | £10.8m | £10.0m | £8.9m | £7.7m |
| Diluted earnings per share | 0.39 | 0.36 | 0.35 | 0.32 | 0.26 | 0.18 | 0.23 | 0.22 | 0.19 | 0.17 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £223.6m | £215.1m | £196.1m | £187.7m | £169.6m | £165.7m | £158.0m | £144.8m | £127.9m | £121.2m |
| Cash and short-term investments | £22.9m | £15.8m | £16.8m | £18.3m | £15.4m | £15.6m | £12.9m | £11.5m | £12.5m | £13.6m |
| Total liabilities | £55.9m | £61.9m | £55.6m | £56.6m | £60.7m | £67.6m | £62.7m | £55.3m | £53.1m | £49.8m |
| Debt | £26.4m | £19.6m | £16.2m | £11.5m | £17.4m | £24.3m | £8.9m | £4.9m | £2.7m | — |
| Shareholders' equity | £167.5m | £153.1m | £140.4m | £131.1m | £108.9m | £98.2m | £95.3m | £89.5m | £74.9m | £71.4m |
| Shares outstanding | 46m | 46m | 46m | 46m | 46m | 46m | 46m | 46m | 46m | 46m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £23.9m | £21.5m | £20.6m | £18.3m | £16.1m | £10.3m | £13.2m | £12.6m | £9.3m | £11.1m |
| Capital spending | −£7.5m | −£5.1m | −£4.7m | −£4.9m | −£3.2m | −£3.6m | −£4.3m | −£4.5m | −£5.4m | −£4.5m |
| Free cash flow | £16.4m | £16.4m | £15.9m | £13.4m | £12.9m | £6.7m | £8.9m | £8.1m | £3.9m | £6.6m |
| Dividends paid | −£3.0m | −£2.8m | −£2.7m | −£2.5m | −£2.3m | −£2.3m | −£2.1m | −£2.0m | −£1.8m | −£1.6m |
Latest quarters
By quarter end
| May 2026 | Nov 2025 | May 2025 | Nov 2024 | May 2024 | Nov 2023 | May 2023 | Feb 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £106.2m | £96.3m | £97.7m | £98.0m | £94.6m | £85.5m | £90.6m | £45.3m |
| Gross profit | £38.1m | £33.9m | £34.7m | £31.8m | £33.3m | £31.7m | £30.6m | £15.3m |
| Operating income | £12.9m | £12.7m | £11.9m | £11.2m | £11.6m | £9.8m | £11.9m | £5.6m |
| Net income | £9.3m | £9.4m | £8.8m | £8.2m | £8.3m | £7.1m | £8.8m | £4.4m |
| Diluted earnings per share | 0.20 | 0.20 | 0.19 | 0.18 | 0.18 | 0.16 | 0.19 | 0.10 |
| Cash from operations | £7.0m | £15.0m | £7.0m | £16.0m | £4.0m | £14.0m | £6.0m | — |
| Capital spending | −£3.0m | −£5.0m | −£2.0m | −£2.0m | −£2.0m | −£2.0m | −£2.0m | — |
| Free cash flow | £4.0m | £10.0m | £5.0m | £14.0m | £2.0m | £12.0m | £4.0m | — |
| Total assets | £242.4m | £223.6m | £210.7m | £215.1m | £216.7m | £196.1m | £190.6m | £190.6m |
| Cash and short-term investments | £17.6m | £22.9m | £18.8m | £15.8m | £14.2m | £16.8m | £19.7m | £19.7m |
| Debt | £13.1m | £2.4m | £3.9m | £4.6m | £11.9m | £4.8m | £2.0m | £9.0m |
| Shareholders' equity | £173.3m | £167.5m | £156.2m | £153.1m | £146.6m | £140.4m | £136.5m | £136.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 4.0% | 7.5% | 7.3% |
| Operating income | 7.5% | 14.4% | 9.6% |
| Net income | 7.2% | 16.5% | 10.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 34.6% | 34.7% | 34.0% | 33.8% |
| Operating margin | 12.3% | 12.0% | 11.5% | 11.0% |
| Net margin | 9.0% | 8.9% | 8.4% | 8.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 21.5 | 19.8 | 17.7 | 19.2 | 27.7 | 28.9 | 28.5 | 18.8 | 23.9 | 25.5 |
| Price to sales | 2.0 | 1.7 | 1.6 | 1.6 | 2.3 | 1.8 | 2.1 | 1.5 | 1.8 | 1.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 36 years. Last went ex-dividend on 30 Apr 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.045 | 0.064 | 0.061 | 0.058 | 0.054 | 0.051 | 0.049 | 0.047 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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