S 
14.58p
+4.59%
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
£416.1m
FY2017FY2026
Net income
−£26.6m
FY2017FY2026
Free cash flow
£11.6m
FY2017FY2026
Shareholders' equity
£128.0m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £416.1m | £416.6m | £421.5m | £440.6m | £386.8m | £332.3m | £371.5m | £394.7m | £373.0m | £369.4m |
| Gross profit | £230.5m | £236.1m | £230.0m | £239.4m | £221.1m | £184.9m | £214.3m | £214.4m | £204.7m | £191.7m |
| Operating income | £7.6m | £13.4m | £14.9m | £30.6m | £31.2m | £23.5m | £45.9m | £36.0m | £30.8m | £19.7m |
| Net income | −£26.6m | −£1.1m | £2.7m | £1.2m | £21.6m | £9.5m | £16.8m | £22.1m | £14.1m | £11.5m |
| Diluted earnings per share | -0.06 | -0.00 | 0.01 | 0.00 | 0.05 | 0.02 | 0.03 | 0.04 | 0.03 | 0.02 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £575.0m | £513.0m | £500.2m | £476.4m | £486.6m | £439.9m | £490.8m | £494.1m | £373.1m | £349.0m |
| Cash and short-term investments | £14.4m | £2.1m | £4.0m | £1.1m | £2.5m | £11.7m | £22.8m | £11.5m | £9.8m | £5.6m |
| Total liabilities | £447.0m | £350.8m | £324.5m | £291.8m | £270.2m | £220.7m | £280.9m | £292.1m | £175.3m | £159.4m |
| Debt | £287.8m | £221.1m | £202.9m | £179.6m | £146.7m | £110.7m | £175.0m | £183.0m | £79.2m | £77.0m |
| Shareholders' equity | £128.0m | £162.2m | £175.7m | £184.6m | £216.4m | £219.2m | £209.9m | £202.0m | £197.8m | £189.6m |
| Shares outstanding | 462m | 461m | 459m | 463m | 470m | 532m | 526m | 526m | 524m | 522m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £62.4m | £33.4m | £52.6m | £40.4m | £19.6m | £90.3m | £48.7m | £49.8m | £30.9m | £42.7m |
| Capital spending | −£50.8m | −£8.2m | −£10.9m | −£9.6m | −£16.0m | −£47.6m | −£9.0m | −£6.5m | −£5.0m | −£4.3m |
| Free cash flow | £11.6m | £25.2m | £41.7m | £30.8m | £3.6m | £42.7m | £39.7m | £43.3m | £25.9m | £38.4m |
| Dividends paid | −£9.7m | −£11.8m | −£11.8m | −£10.9m | −£11.3m | −£10.9m | −£10.9m | −£9.1m | −£6.1m | −£3.8m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £210.9m | £205.2m | £213.0m | £203.6m | £213.0m | £208.5m | £104.3m | £225.8m |
| Gross profit | £118.0m | £112.5m | £122.7m | £113.4m | £117.3m | £112.7m | £56.4m | £122.5m |
| Operating income | £13.4m | −£5.8m | £18.4m | £5.3m | £6.5m | £9.4m | £1.6m | £19.4m |
| Net income | −£14.4m | −£12.2m | £500,000 | −£1.6m | −£1.5m | £4.2m | £2.1m | −£9.6m |
| Diluted earnings per share | -0.03 | -0.03 | 0.00 | -0.00 | -0.00 | 0.01 | 0.01 | -0.02 |
| Cash from operations | £22.0m | £22.0m | £18.0m | £14.0m | £27.0m | £25.0m | — | £23.0m |
| Capital spending | −£21.0m | −£3.0m | −£1.0m | −£6.0m | −£5.0m | −£5.0m | — | −£5.0m |
| Free cash flow | £1.0m | £19.0m | £17.0m | £8.0m | £22.0m | £20.0m | — | £18.0m |
| Total assets | £575.0m | £527.8m | £513.0m | £504.6m | £500.2m | £470.9m | £470.9m | £476.4m |
| Cash and short-term investments | £14.4m | £16.3m | £2.1m | £1.4m | £4.0m | £1.8m | £1.8m | £1.1m |
| Debt | £201.3m | £158.4m | £140.2m | £134.0m | £127.4m | £111.4m | £158.0m | £115.6m |
| Shareholders' equity | £128.0m | £142.3m | £162.2m | £164.6m | £175.7m | £181.9m | £181.9m | £184.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -1.9% | 4.6% | 2.4% |
| Operating income | -37.1% | -20.2% | 0.4% |
| Net income | — | — | -6.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 56.0% | 55.2% | 55.6% | 55.3% |
| Operating margin | 2.5% | 3.9% | 5.0% | 6.1% |
| Net margin | -3.3% | -1.4% | 0.3% | 0.4% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -2.3 | -104.8 | 47.6 | 126.9 | 8.6 | 35.5 | 22.3 | 18.3 | 22.1 | 27.9 |
| Price to sales | 0.1 | 0.3 | 0.3 | 0.3 | 0.5 | 1.0 | 1.0 | 1.0 | 0.8 | 0.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 11 Dec 2025.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.021 | 0.026 | 0.026 | 0.023 | 0.022 | 0.021 | 0.018 | 0.012 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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