J 
115.00p
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
£23.2m
FY2016FY2025
Net income
£5.1m
FY2016FY2025
Free cash flow
£1.3m
FY2016FY2025
Shareholders' equity
£130.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £23.2m | £22.0m | £13.0m | £9.6m | £12.3m | £19.2m | £16.2m | £10.7m | £25.4m | £30.7m |
| Operating income | −£602,000 | £666,000 | −£657,000 | £7.8m | £14.3m | £4.3m | £2.9m | £1.7m | £3.8m | £3.5m |
| Net income | £5.1m | £1.7m | £200,000 | £6.6m | £11.0m | £3.6m | £6.2m | £4.9m | £3.7m | £3.5m |
| Diluted earnings per share | 0.13 | 0.04 | 0.00 | 0.16 | 0.26 | 0.08 | 0.14 | 0.11 | 0.70 | 0.94 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £158.3m | £146.5m | £147.9m | £146.5m | £133.4m | £115.0m | £118.4m | £114.1m | £109.1m | £108.1m |
| Cash and short-term investments | £25.8m | £13.0m | £18.7m | £31.8m | £19.4m | £23.2m | £25.7m | £23.6m | £29.1m | £32.3m |
| Total liabilities | £27.7m | £20.2m | £22.5m | £21.8m | £20.0m | £15.7m | £18.1m | £17.6m | £15.3m | £19.3m |
| Debt | £11.1m | £5.6m | £10.7m | £11.3m | £11.8m | £10.3m | £12.9m | £11.9m | £8.8m | £12.6m |
| Shareholders' equity | £130.6m | £126.3m | £125.5m | £124.7m | £113.4m | £99.3m | £100.3m | £96.6m | £93.9m | £88.8m |
| Shares outstanding | 39m | 40m | 40m | 41m | 42m | 43m | 44m | 45m | 5m | 4m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £2.2m | −£510,000 | −£3.2m | −£4.0m | £896,000 | £4.9m | £3.3m | −£4.7m | £1.8m | £5.8m |
| Capital spending | −£897,000 | −£3.3m | −£6.7m | −£2.5m | −£2.2m | −£2.8m | −£571,000 | −£2.3m | −£3.0m | −£2.1m |
| Free cash flow | £1.3m | −£3.8m | −£9.9m | −£6.6m | −£1.3m | £2.1m | £2.7m | −£7.0m | −£1.3m | £3.7m |
| Dividends paid | −£1.3m | −£1.3m | −£1.3m | −£1.3m | −£1.4m | −£795,000 | −£813,000 | −£1.4m | −£846,000 | −£846,000 |
Latest quarters
By quarter end
| Jan 2026 | Jul 2025 | Jan 2025 | Jul 2024 | Jan 2024 | Jul 2023 | Apr 2023 | Jan 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £14.8m | £14.2m | £9.0m | £13.4m | £8.6m | £10.9m | £5.4m | £2.1m |
| Operating income | −£343,000 | −£553,000 | −£49,000 | −£368,000 | £17,000 | £1.4m | £667,000 | £94,000 |
| Net income | £61,000 | £5.0m | £68,000 | £1.5m | £148,000 | −£30,000 | −£15,000 | £230,000 |
| Diluted earnings per share | 0.00 | 0.13 | 0.00 | 0.04 | 0.00 | -0.00 | — | 0.01 |
| Cash from operations | £5.0m | £3.0m | −£1.0m | −£1.0m | — | −£1.0m | — | −£2.0m |
| Capital spending | — | — | — | — | −£1.0m | — | — | — |
| Total assets | £152.1m | £158.3m | £150.8m | £146.5m | £148.0m | £147.9m | £147.9m | £148.7m |
| Cash and short-term investments | £17.8m | £25.8m | £27.3m | £13.0m | £15.2m | £18.7m | £18.7m | £25.9m |
| Debt | £6.0m | £10.8m | £11.2m | £5.4m | £10.8m | £10.5m | £10.7m | £12.2m |
| Shareholders' equity | £129.7m | £130.6m | £125.1m | £126.3m | £124.0m | £125.5m | £125.5m | £123.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 34.3% | 3.9% | 0.8% |
| Net income | -8.3% | 7.4% | 5.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 0.1% | 10.7% | 26.0% | 19.5% |
| Net margin | 15.0% | 20.1% | 28.3% | 24.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 10.1 | 29.6 | 255.3 | 10.0 | 5.7 | 13.3 | 8.6 | 10.1 | 1.6 | 1.1 |
| Price to sales | 2.2 | 2.3 | 3.9 | 6.9 | 5.0 | 2.5 | 3.3 | 4.6 | 0.2 | 0.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 36 years. Last went ex-dividend on 18 Dec 2025.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.023 | 0.032 | 0.032 | 0.032 | 0.032 | 0.032 | 0.032 | 0.032 |
- 5-for-1 split · 21 Dec 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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