S 
6.00p
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
£20.6m
FY2016FY2025
Net income
−£10.1m
FY2016FY2025
Free cash flow
£2.5m
FY2016FY2025
Shareholders' equity
£14.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £20.6m | £22.5m | £21.5m | £18.1m | £5.8m | £3.4m | £18.4m | £14.6m | £10.5m | £7.4m |
| Research and development | — | — | — | — | — | — | £29,000 | — | — | — |
| Operating income | −£71,000 | £2.8m | £2.5m | £1.9m | −£3.5m | −£6.8m | £2.5m | £1.8m | £1.5m | £1.1m |
| Net income | −£10.1m | −£891,000 | −£1.3m | −£149,000 | −£7.6m | −£7.5m | −£960,000 | −£907,000 | −£873,000 | −£511,000 |
| Diluted earnings per share | -0.15 | -0.01 | -0.02 | -0.00 | -0.12 | -0.12 | -0.01 | -0.02 | -0.03 | -0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £75.3m | £94.3m | £94.0m | £92.5m | £93.5m | £110.7m | £105.1m | £70.4m | £60.1m | £48.8m |
| Cash and short-term investments | £2.7m | £1.4m | £2.0m | £5.2m | £4.5m | £2.1m | £3.0m | £9.9m | £4.5m | £750,000 |
| Total liabilities | £60.9m | £63.5m | £61.2m | £62.7m | £63.3m | £83.9m | £69.3m | £42.5m | £41.1m | £28.9m |
| Debt | £48.3m | £50.4m | £49.3m | £56.2m | £58.0m | £79.4m | £65.8m | £39.3m | £39.4m | £27.6m |
| Shareholders' equity | £14.4m | £30.8m | £32.8m | £29.8m | £30.1m | £26.9m | £35.8m | £27.9m | £19.0m | £19.8m |
| Shares outstanding | 65m | 65m | 65m | 65m | 65m | 65m | 65m | 36m | 34m | 34m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £3.1m | £6.9m | £8.1m | £7.1m | −£1.8m | −£5.0m | £4.6m | £1.8m | £1.9m | £2.3m |
| Capital spending | −£581,000 | −£6.2m | −£5.1m | −£370,000 | −£307,000 | −£1.0m | −£1.4m | −£2.5m | −£1.1m | −£484,000 |
| Free cash flow | £2.5m | £656,000 | £3.0m | £6.7m | −£2.1m | −£6.0m | £3.2m | −£678,000 | £775,000 | £1.8m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £8.4m | £10.5m | £10.1m | £11.8m | £10.7m | £11.0m | £10.5m | £11.9m |
| Operating income | −£1.0m | −£826,000 | £755,000 | £1.4m | £1.5m | £1.8m | £642,000 | £1.2m |
| Net income | −£1.9m | −£10.5m | £471,000 | −£954,000 | £63,000 | −£441,000 | −£883,000 | £61,000 |
| Diluted earnings per share | -0.03 | -0.16 | 0.01 | -0.01 | 0.00 | -0.01 | -0.01 | 0.00 |
| Cash from operations | — | — | £2.0m | £1.0m | £4.0m | £2.0m | £4.0m | £2.0m |
| Capital spending | −£1.0m | — | — | — | −£5.0m | −£4.0m | — | — |
| Free cash flow | — | — | — | — | −£1.0m | −£2.0m | — | — |
| Total assets | £71.7m | £75.3m | £93.4m | £94.3m | £97.9m | £94.0m | £90.4m | £92.5m |
| Cash and short-term investments | £4.6m | £2.7m | £1.7m | £1.4m | £2.1m | £2.0m | £7.3m | £5.2m |
| Debt | £1.3m | £23.6m | £30.1m | £28.5m | £28.5m | £25.1m | £25.5m | £25.9m |
| Shareholders' equity | £13.0m | £14.4m | £31.1m | £30.8m | £32.3m | £32.3m | £27.0m | £29.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 4.3% | 43.6% | 17.7% |
| Operating income | — | -59.8% | — |
| Net income | 307.1% | 6.0% | 32.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 6.4% | 8.6% | -3.4% | 2.7% |
| Net margin | -25.4% | -15.0% | -29.9% | -21.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.6 | -10.6 | -6.7 | -36.7 | -1.0 | -0.8 | -12.8 | -7.8 | -11.6 | -17.8 |
| Price to sales | 0.3 | 0.4 | 0.4 | 0.3 | 1.3 | 1.8 | 0.7 | 0.5 | 1.0 | 1.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 14 May 2015.
| FY2015 | |
|---|---|
| Paid in the year | 0.003 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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