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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
£9.4m
FY2016FY2025
Net income
−£839,000
FY2016FY2025
Free cash flow
£1.9m
FY2016FY2025
Shareholders' equity
£85.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £9.4m | £10.8m | £11.5m | £13.3m | £16.0m | £16.4m | £16.6m | £15.6m | £14.9m | £13.5m |
| Operating income | £5.0m | £537,000 | £6.2m | £11.7m | £15.7m | £11.3m | £11.5m | £10.8m | £9.6m | £8.3m |
| Net income | −£839,000 | −£2.4m | −£9.4m | £10.9m | £13.9m | −£20.6m | £3.7m | £8.3m | £11.1m | £8.1m |
| Diluted earnings per share | -0.00 | -0.01 | -0.05 | 0.06 | 0.08 | -0.12 | 0.02 | 0.04 | 0.06 | 0.04 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £124.5m | £133.9m | £156.0m | £186.4m | £204.3m | £209.9m | £241.8m | £238.3m | £221.7m | £217.3m |
| Cash and short-term investments | £6.1m | £6.9m | £8.0m | £7.8m | £9.8m | £4.2m | £10.1m | £10.8m | £4.3m | £11.8m |
| Total liabilities | £38.6m | £44.4m | £60.5m | £77.5m | £99.3m | £112.2m | £116.3m | £109.7m | £94.6m | £96.1m |
| Debt | £34.2m | £39.2m | £54.4m | £71.5m | £89.4m | £101.4m | £105.2m | £98.8m | £84.6m | £85.5m |
| Shareholders' equity | £85.9m | £89.5m | £95.6m | £109.0m | £105.0m | £97.7m | £125.4m | £128.7m | £127.1m | £121.2m |
| Shares outstanding | 174m | 173m | 173m | 173m | 180m | 173m | 189m | 193m | 187m | 189m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £1.9m | £6.0m | £6.6m | £7.1m | £11.8m | £9.7m | £11.6m | £13.5m | £9.1m | £5.2m |
| Capital spending | −£5,000 | −£3.1m | −£733,000 | −£610,000 | −£2,000 | −£341,000 | −£2,000 | −£5,000 | −£3,000 | −£2,000 |
| Free cash flow | £1.9m | £2.9m | £5.9m | £6.5m | £11.8m | £9.3m | £11.6m | £13.5m | £9.1m | £5.2m |
| Dividends paid | −£2.9m | −£3.9m | −£3.7m | −£5.8m | −£6.3m | −£5.5m | −£6.9m | −£6.3m | −£5.4m | −£4.2m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £4.6m | £4.5m | £4.8m | £5.2m | £5.6m | £5.5m | £6.1m | £6.1m |
| Operating income | £2.2m | £2.5m | £2.5m | £3.1m | −£2.6m | £2.4m | £3.8m | £4.0m |
| Net income | −£1.3m | −£1.2m | £329,000 | £814,000 | −£3.2m | −£8.6m | −£779,000 | £2.6m |
| Diluted earnings per share | -0.01 | -0.01 | 0.00 | 0.00 | -0.02 | -0.05 | -0.00 | 0.02 |
| Cash from operations | £1.0m | £1.0m | — | £1.0m | £1.0m | £2.0m | £2.0m | £1.0m |
| Capital spending | — | — | — | −£1.0m | −£1.0m | −£13.0m | — | — |
| Free cash flow | — | — | — | £0 | £0 | −£11.0m | — | — |
| Total assets | £118.5m | £124.5m | £130.7m | £133.9m | £144.2m | £156.0m | £180.5m | £186.4m |
| Cash and short-term investments | £4.3m | £6.1m | £6.1m | £6.9m | £5.4m | £8.0m | £8.0m | £7.8m |
| Debt | £30.9m | £34.2m | £37.9m | £39.2m | £48.0m | £54.4m | £67.9m | £71.5m |
| Shareholders' equity | £83.2m | £85.9m | £88.4m | £89.5m | £90.7m | £95.6m | £106.4m | £109.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -11.0% | -10.6% | 1.1% |
| Operating income | -24.8% | -15.2% | 2.6% |
| Net income | — | -47.3% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 27.2% | 51.9% | 65.1% | 64.6% |
| Net margin | -15.9% | -3.7% | -10.8% | 23.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -66.3 | -21.7 | -5.6 | 4.5 | 5.1 | -2.9 | 27.3 | 11.9 | 9.8 | 13.0 |
| Price to sales | 5.9 | 4.8 | 4.5 | 3.7 | 4.5 | 3.6 | 6.0 | 6.3 | 7.3 | 7.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 14 years. Last went ex-dividend on 18 Dec 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.016 | 0.021 | 0.023 | 0.029 | 0.037 | 0.025 | 0.037 | 0.035 |
- 10-to-1 reverse split · 20 Jul 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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