S 
109.50p
+0.46%
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
£243.7m
FY2017FY2026
Net income
£9.4m
FY2017FY2026
Free cash flow
£30.9m
FY2017FY2026
Shareholders' equity
£179.0m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £243.7m | £280.6m | £266.5m | £332.1m | £257.1m | £216.7m | £144.4m | £190.8m | £140.7m | £110.6m |
| Gross profit | £40.0m | £52.1m | £43.4m | £48.0m | £43.1m | £38.8m | £27.4m | £34.3m | £22.1m | £16.7m |
| Operating income | £15.8m | £24.5m | £17.0m | £20.0m | £22.2m | £19.4m | £11.7m | £17.1m | £10.1m | £7.8m |
| Net income | £9.4m | £14.1m | £7.5m | £12.1m | £16.1m | £13.7m | £7.6m | £12.8m | £7.4m | £5.4m |
| Diluted earnings per share | 0.07 | 0.11 | 0.06 | 0.10 | 0.13 | 0.13 | 0.08 | 0.13 | 0.08 | 0.08 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £298.7m | £299.6m | £305.3m | £329.7m | £287.7m | £208.4m | £198.2m | £180.9m | £143.7m | £99.9m |
| Cash and short-term investments | £24.2m | £9.4m | £14.9m | £8.9m | £16.4m | £15.8m | £1.5m | £3.1m | £12.0m | £8.3m |
| Total liabilities | £119.8m | £128.4m | £147.0m | £179.0m | £144.2m | £97.2m | £102.3m | £92.3m | £64.7m | £67.5m |
| Debt | £27.9m | £37.3m | £60.4m | £76.6m | £54.4m | £36.6m | £72.4m | £32.6m | £27.3m | £41.5m |
| Shareholders' equity | £179.0m | £171.3m | £158.2m | £150.6m | £143.5m | £111.2m | £95.9m | £88.5m | £79.0m | £32.4m |
| Shares outstanding | 127m | 126m | 124m | 123m | 122m | 104m | 99m | 97m | 97m | 70m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £31.8m | £25.1m | £36.1m | £5.2m | £15.6m | £52.8m | −£29.7m | £13.2m | £12.7m | £324,000 |
| Capital spending | −£954,000 | −£156,000 | −£177,000 | −£508,000 | −£460,000 | −£206,000 | −£553,000 | −£1.5m | −£1.4m | −£843,000 |
| Free cash flow | £30.9m | £25.0m | £36.0m | £4.7m | £15.1m | £52.6m | −£30.3m | £11.6m | £11.4m | −£519,000 |
| Dividends paid | −£2.4m | −£1.2m | — | −£5.6m | −£6.3m | −£3.3m | −£3.1m | −£3.8m | −£821,000 | −£637,000 |
Latest quarters
By quarter end
| May 2026 | Nov 2025 | May 2025 | Nov 2024 | May 2024 | Nov 2023 | May 2023 | Nov 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £135.7m | £108.0m | £174.9m | £105.6m | £144.8m | £121.7m | £170.2m | £161.9m |
| Gross profit | £23.0m | £17.1m | £33.4m | £18.7m | £25.4m | £17.9m | £25.3m | £22.7m |
| Operating income | £9.2m | £5.5m | £18.2m | £6.3m | £11.6m | £5.3m | £12.0m | £8.0m |
| Net income | £6.6m | £2.8m | £11.4m | £2.7m | £6.4m | £1.2m | £7.0m | £5.0m |
| Diluted earnings per share | 0.05 | 0.02 | 0.09 | 0.02 | 0.05 | 0.01 | 0.06 | 0.04 |
| Cash from operations | £45.0m | −£17.0m | £44.0m | −£19.0m | £55.0m | −£19.0m | £13.0m | −£12.0m |
| Total assets | £298.7m | £317.4m | £299.6m | £318.0m | £305.3m | £327.3m | £329.7m | £349.7m |
| Cash and short-term investments | £24.2m | £10.7m | £9.4m | £9.4m | £14.9m | £10.1m | £8.9m | £19.4m |
| Debt | £24.3m | £52.7m | £33.0m | £74.9m | £56.4m | £105.3m | £72.6m | £88.9m |
| Shareholders' equity | £179.0m | £171.9m | £171.3m | £159.7m | £158.2m | £151.2m | £150.6m | £143.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -9.8% | 2.4% | 10.4% |
| Operating income | -7.5% | -4.0% | 10.0% |
| Net income | -7.9% | -7.2% | 8.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 17.6% | 16.3% | 16.6% | 16.7% |
| Operating margin | 7.7% | 6.9% | 7.4% | 7.5% |
| Net margin | 4.5% | 3.8% | 4.6% | 4.8% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 15.0 | 11.5 | 15.4 | 8.8 | 5.7 | 11.2 | 17.5 | 10.7 | 13.8 | 14.1 |
| Price to sales | 0.6 | 0.6 | 0.4 | 0.3 | 0.4 | 0.7 | 0.9 | 0.7 | 0.7 | 0.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 6 Nov 2025.
| FY2026 | FY2025 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.02 | 0.01 | 0.047 | 0.06 | 0.033 | 0.032 | 0.039 | 0.01 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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