S 
39.00p
+1.30%
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
£454.3m
FY2017FY2026
Net income
−£35.6m
FY2017FY2026
Free cash flow
£15.2m
FY2017FY2026
Shareholders' equity
£146.6m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £454.3m | £450.9m | £463.5m | £491.8m | £403.6m | £363.3m | £327.4m | £274.9m | £274.2m | £262.2m |
| Operating income | £10.1m | −£13.7m | £26.4m | £29.5m | £21.8m | £22.4m | £25.6m | £23.3m | £22.9m | £17.0m |
| Net income | −£35.6m | −£14.1m | £15.9m | £21.6m | £15.6m | £17.3m | £20.4m | £20.2m | £18.1m | £15.3m |
| Diluted earnings per share | -0.12 | -0.05 | 0.05 | 0.07 | 0.05 | 0.06 | 0.07 | 0.07 | 0.06 | 0.05 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £363.2m | £400.9m | £378.4m | £369.7m | £375.5m | £342.5m | £335.4m | £254.8m | £253.7m | £255.4m |
| Cash and short-term investments | £24.4m | £15.5m | £13.8m | £11.3m | −£11.6m | £25.0m | £44.3m | £25.0m | £33.1m | £32.8m |
| Total liabilities | £216.5m | £217.9m | £157.7m | £152.0m | £171.5m | £151.6m | £151.7m | £79.8m | £84.7m | £101.2m |
| Debt | £71.0m | £79.3m | £42.5m | £22.3m | £26.5m | £31.9m | £39.4m | £49,000 | £229,000 | £409,000 |
| Shareholders' equity | £146.6m | £183.0m | £220.8m | £217.7m | £204.0m | £190.9m | £183.7m | £175.0m | £169.0m | £154.2m |
| Shares outstanding | 296m | 296m | 307m | 317m | 313m | 310m | 307m | 305m | 304m | 300m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £18.0m | −£522,000 | £45.1m | £50.3m | −£5.7m | £25.3m | £22.0m | £14.6m | £19.0m | £25.0m |
| Capital spending | −£2.9m | −£7.8m | −£11.3m | −£6.5m | −£5.4m | −£6.6m | −£6.5m | −£7.0m | −£6.4m | −£7.0m |
| Free cash flow | £15.2m | −£8.3m | £33.8m | £43.8m | −£11.1m | £18.7m | £15.5m | £7.6m | £12.6m | £18.0m |
| Dividends paid | — | −£11.2m | −£10.7m | −£9.9m | −£9.2m | −£8.9m | −£8.9m | −£13.4m | −£7.5m | −£5.1m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Mar 2023 | Sept 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £248.2m | £206.0m | £198.7m | £252.3m | £248.2m | £215.3m | £256.9m | £234.9m |
| Operating income | −£31.7m | −£5.9m | −£9.1m | £15.8m | £21.5m | £11.9m | £17.8m | £10.5m |
| Net income | −£30.1m | −£5.6m | −£9.8m | −£4.3m | £7.5m | £8.4m | £13.1m | £8.5m |
| Diluted earnings per share | -0.10 | -0.02 | -0.03 | -0.01 | 0.02 | 0.03 | 0.04 | 0.03 |
| Cash from operations | −£3.0m | £22.0m | −£9.0m | £5.0m | £13.0m | £30.0m | £35.0m | £12.0m |
| Capital spending | −£1.0m | −£1.0m | −£4.0m | −£3.0m | −£5.0m | −£5.0m | −£4.0m | −£2.0m |
| Free cash flow | −£4.0m | £21.0m | −£13.0m | £2.0m | £8.0m | £25.0m | £31.0m | £10.0m |
| Total assets | £363.2m | £379.7m | £400.9m | £387.9m | £378.4m | £377.4m | £369.7m | £365.7m |
| Cash and short-term investments | £24.4m | £32.0m | £15.5m | £9.4m | £13.8m | £25.7m | £11.3m | £1 |
| Debt | £56.1m | £61.7m | £62.9m | £30.8m | £33.4m | £28.1m | £11.1m | £15.0m |
| Shareholders' equity | £146.6m | £176.2m | £183.0m | £206.7m | £220.8m | £218.3m | £217.7m | £210.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -2.6% | 4.6% | 6.6% |
| Operating income | -30.0% | -14.7% | -0.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -0.4% | 2.8% | 3.7% | 4.9% |
| Net margin | -5.5% | -0.7% | 0.8% | 2.6% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -3.2 | -6.1 | 5.4 | 3.2 | 4.3 | 4.2 | 3.6 | 4.4 | 4.1 | 5.4 |
| Price to sales | 0.3 | 0.2 | 0.2 | 0.1 | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 11 years. Last went ex-dividend on 9 Jan 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.037 | 0.035 | 0.032 | 0.03 | 0.029 | 0.029 | 0.027 | 0.025 |
- 4-for-1 split · 9 Oct 2007
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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