S 
157.00p
-1.88%
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
£279.6m
FY2016FY2025
Net income
£844,000
FY2016FY2025
Free cash flow
£22.3m
FY2016FY2025
Shareholders' equity
£53.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £279.6m | £290.6m | £308.2m | £316.3m | £272.3m | £196.6m | £208.6m | £205.2m | £205.2m | £178.7m |
| Gross profit | £86.3m | £89.0m | £86.8m | £80.1m | £80.0m | £57.2m | £54.4m | £49.4m | £46.7m | £49.5m |
| Research and development | — | £1.6m | £1.6m | £1.1m | £1.0m | £1.0m | £949,000 | £957,000 | £947,000 | £938,000 |
| Operating income | £27.1m | £31.4m | £26.7m | £22.6m | £26.6m | £19.3m | £9.6m | £8.2m | £5.7m | £12.3m |
| Net income | £844,000 | £16.5m | £15.4m | £4.3m | £14.7m | £8.7m | £1.8m | −£191,000 | −£1.3m | £3.7m |
| Diluted earnings per share | 0.01 | 0.13 | 0.12 | 0.03 | 0.12 | 34.81 | 0.01 | -0.00 | -0.01 | 0.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £206.9m | £220.9m | £235.2m | £262.4m | £179.2m | £155.5m | £151.0m | £141.6m | £140.6m | £130.5m |
| Cash and short-term investments | £19.0m | £18.6m | £21.4m | £22.6m | £15.6m | £20.1m | £15.2m | £17.7m | £14.9m | £13.9m |
| Total liabilities | £153.5m | £163.3m | £180.0m | £210.9m | £152.3m | £146.1m | £142.2m | £127.7m | £117.7m | £101.2m |
| Debt | £77.0m | £85.5m | £90.7m | £100.0m | £64.7m | £89.1m | £86.9m | £71.3m | £59.5m | £54.4m |
| Shareholders' equity | £53.4m | £57.6m | £55.2m | £51.4m | £26.9m | £9.4m | £8.8m | £13.9m | £22.9m | £29.2m |
| Shares outstanding | 127m | 129m | 127m | 127m | 127m | 0m | 127m | 127m | 127m | 127m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £27.5m | £25.4m | £33.6m | £26.6m | £21.5m | £26.2m | £12.7m | £14.1m | £15.0m | £13.8m |
| Capital spending | −£5.2m | −£5.9m | −£7.1m | −£9.8m | −£8.6m | −£8.6m | −£9.4m | −£10.4m | −£10.1m | −£8.7m |
| Free cash flow | £22.3m | £19.6m | £26.5m | £16.8m | £12.8m | £17.6m | £3.3m | £3.7m | £4.9m | £5.1m |
| Dividends paid | −£10.0m | −£9.8m | −£9.7m | −£4.9m | −£52.9m | −£4.9m | −£4.9m | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £124.0m | £143.1m | £136.5m | £147.5m | £143.1m | £151.2m | £157.0m | £78.5m |
| Gross profit | £43.6m | £46.1m | £40.2m | £44.8m | £44.1m | £43.5m | £43.3m | £21.7m |
| Operating income | £15.0m | £23.3m | £3.8m | £15.0m | £15.7m | £14.4m | £13.6m | £6.9m |
| Net income | £8.7m | £4.3m | −£3.4m | £8.5m | £8.0m | £7.4m | £8.0m | £4.0m |
| Diluted earnings per share | 0.07 | 0.03 | -0.03 | 0.07 | 0.06 | 0.06 | 0.06 | 0.03 |
| Cash from operations | £3.0m | £21.0m | £5.0m | £13.0m | £4.0m | £18.0m | £5.0m | £5.0m |
| Capital spending | −£2.0m | −£2.0m | −£2.0m | −£4.0m | −£1.0m | −£3.0m | −£1.0m | −£1.0m |
| Free cash flow | £1.0m | £19.0m | £3.0m | £9.0m | £3.0m | £15.0m | £4.0m | £4.0m |
| Total assets | £206.3m | £206.9m | £217.3m | £220.9m | £241.9m | £235.2m | £248.4m | — |
| Cash and short-term investments | £17.6m | £19.0m | £17.6m | £18.6m | £19.4m | £21.4m | £20.6m | £20.6m |
| Debt | £77.0m | £72.0m | £2.5m | £79.9m | £85.4m | £83.3m | £91.7m | — |
| Shareholders' equity | £54.7m | £53.4m | £51.3m | £57.6m | £54.9m | £55.2m | £50.5m | £229.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -4.0% | 7.3% | 5.1% |
| Operating income | 6.2% | 7.0% | 10.5% |
| Net income | -41.9% | -37.3% | -13.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 30.7% | 28.6% | 28.8% | 27.6% |
| Operating margin | 10.3% | 9.0% | 9.2% | 7.6% |
| Net margin | 3.0% | 3.1% | 3.6% | 2.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | 211.9 | 10.6 | 10.8 | 36.9 | 18.8 |
| Price to sales | 0.6 | 0.6 | 0.5 | 0.5 | 1.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 23 Apr 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Paid in the year | 0.051 | 0.079 | 0.077 | 0.076 | 0.039 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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