R 
125.00p
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
£56.2m
FY2016FY2025
Net income
£2.3m
FY2016FY2025
Free cash flow
£904,000
FY2016FY2025
Shareholders' equity
£25.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £56.2m | £56.4m | £49.7m | £50.5m | £46.0m | £37.2m | £35.1m | £32.8m | £29.8m | £27.5m |
| Gross profit | £12.5m | £11.5m | £9.6m | £7.8m | £6.8m | £7.8m | £6.7m | £5.9m | £5.8m | £6.3m |
| Operating income | £3.2m | −£3.1m | £105,000 | £746,000 | £225,000 | £1.9m | £1.6m | £731,000 | £668,000 | £1.5m |
| Net income | £2.3m | −£3.3m | −£820,000 | £2.3m | £28,000 | £1.4m | £1.2m | £695,000 | £313,000 | £1.2m |
| Diluted earnings per share | 0.14 | -0.20 | -0.05 | 0.14 | 0.00 | 0.08 | 0.07 | 0.04 | 0.02 | 0.07 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £46.2m | £44.1m | £46.9m | £49.3m | £49.5m | £39.4m | £37.8m | £40.4m | £36.3m | £34.1m |
| Cash and short-term investments | £2.7m | £2.5m | £3.6m | £5.1m | £2.8m | £1.4m | £1.4m | £1.4m | £283,000 | £881,000 |
| Total liabilities | £20.3m | £20.5m | £21.4m | £25.3m | £27.8m | £16.0m | £14.9m | £17.4m | £13.3m | £11.4m |
| Debt | £8.1m | £8.4m | £9.9m | £14.3m | £15.9m | £8.3m | £8.3m | £10.2m | £6.7m | £5.8m |
| Shareholders' equity | £25.9m | £23.6m | £25.6m | £23.9m | £21.7m | £23.4m | £22.9m | £22.9m | £23.1m | £22.6m |
| Shares outstanding | 17m | 17m | 17m | 17m | 17m | 17m | 17m | 16m | 18m | 18m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £5.3m | £5.6m | £4.0m | £6.8m | £4.9m | £5.9m | £4.5m | £2.9m | £1.8m | £2.6m |
| Capital spending | −£4.4m | −£3.9m | −£4.0m | −£2.6m | −£4.0m | −£4.7m | −£1.7m | −£4.4m | −£2.6m | −£1.8m |
| Free cash flow | £904,000 | £1.7m | −£32,000 | £4.2m | £958,000 | £1.3m | £2.8m | −£1.5m | −£854,000 | £850,000 |
| Dividends paid | −£980,000 | −£898,000 | −£898,000 | −£898,000 | −£898,000 | −£890,000 | −£890,000 | −£890,000 | −£901,000 | −£877,000 |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £28.9m | £28.6m | £27.6m | £29.3m | £27.1m | £25.3m | £24.3m | £25.1m |
| Gross profit | £5.8m | £6.4m | £6.1m | £5.9m | £5.6m | £4.7m | £3.9m | £3.6m |
| Operating income | £909,000 | £1.1m | £2.1m | £1.6m | £1.0m | £1.2m | −£23,000 | −£273,000 |
| Net income | £812,000 | £968,000 | £1.3m | −£3.8m | £454,000 | £87,000 | −£907,000 | −£385,000 |
| Diluted earnings per share | 0.05 | 0.06 | 0.08 | -0.23 | 0.03 | 0.01 | -0.05 | -0.02 |
| Cash from operations | — | £4.0m | — | £4.0m | — | £3.0m | — | £5.0m |
| Capital spending | −£2.0m | −£2.0m | −£2.0m | −£1.0m | −£1.0m | −£2.0m | −£1.0m | −£1.0m |
| Free cash flow | — | £2.0m | — | £3.0m | — | £1.0m | — | £4.0m |
| Total assets | £45.9m | £46.2m | £45.4m | £44.1m | £46.4m | £46.9m | £45.9m | £49.3m |
| Cash and short-term investments | £2.0m | £2.7m | £1.1m | £2.5m | £2.1m | £3.6m | £4.0m | £5.1m |
| Debt | £3.6m | £3.9m | £3.6m | £4.9m | £4.3m | £7.1m | £5.3m | £10.5m |
| Shareholders' equity | £25.7m | £25.9m | £25.0m | £23.6m | £25.3m | £25.6m | £23.3m | £23.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 3.6% | 8.6% | 6.8% |
| Operating income | 63.0% | 11.5% | 2.4% |
| Net income | -0.9% | 10.1% | 37.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 21.4% | 19.5% | 18.9% | 19.5% |
| Operating margin | 0.1% | 0.5% | 1.1% | 2.3% |
| Net margin | -0.9% | 0.2% | 0.6% | 1.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 8.8 | -5.2 | -18.9 | 5.7 | — | 18.1 | 11.0 | 14.9 | 57.5 | 18.6 |
| Price to sales | 0.4 | 0.3 | 0.3 | 0.3 | 0.3 | 0.7 | 0.4 | 0.3 | 0.6 | 0.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 22 years. Last went ex-dividend on 18 Sept 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.06 | 0.055 | 0.055 | 0.055 | 0.055 | 0.055 | 0.055 | 0.055 |
- 1-to-1 reverse split · 28 Apr 2004
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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