S 
39.60p
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
£1.11bn
FY2016FY2025
Net income
£4.8m
FY2016FY2025
Free cash flow
−£800,000
FY2016FY2025
Shareholders' equity
£38.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £1.11bn | £992.9m | £938.2m | £940.5m | £942.7m | £927.6m | £1.06bn | £1.12bn | £957.8m | £882.4m |
| Gross profit | £75.4m | £66.1m | £80.8m | £70.3m | £68.5m | £58.0m | £87.5m | £116.8m | £113.8m | £124.9m |
| Operating income | £18.6m | £11.2m | −£2.4m | £4.6m | £2.3m | −£44.3m | −£8.2m | £19.8m | £27.0m | £30.6m |
| Net income | £4.8m | −£8.3m | −£11.0m | £3.8m | £1.2m | −£52.7m | −£44.0m | −£16.0m | £18.3m | £15.8m |
| Diluted earnings per share | 0.04 | -0.06 | -0.07 | 0.02 | 0.01 | -0.75 | -0.83 | -0.60 | 0.71 | 0.62 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £237.2m | £219.6m | £212.2m | £235.9m | £233.5m | £229.8m | £320.3m | £345.1m | £263.5m | £250.3m |
| Cash and short-term investments | £8.4m | £14.6m | £13.3m | £31.0m | £29.8m | £24.5m | £25.0m | £16.2m | £31.3m | £19.7m |
| Total liabilities | £198.6m | £178.2m | £157.3m | £164.2m | £167.6m | £207.6m | £244.5m | £262.5m | £167.7m | £166.6m |
| Debt | £10.9m | £10.7m | £13.5m | £30.9m | £27.5m | £38.5m | £92.9m | £79.2m | £47.8m | £56.4m |
| Shareholders' equity | £38.6m | £41.4m | £54.9m | £71.7m | £65.9m | £22.2m | £75.8m | £82.6m | £95.8m | £83.7m |
| Shares outstanding | 124m | 134m | 155m | 164m | 165m | 70m | 53m | 27m | 26m | 26m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £400,000 | £21.3m | £12.5m | £3.4m | −£22.9m | £56.8m | £500,000 | £6.7m | £41.7m | £42.9m |
| Capital spending | −£1.2m | −£700,000 | −£2.7m | −£3.3m | −£4.5m | −£2.6m | −£2.5m | −£3.7m | −£2.7m | −£3.6m |
| Free cash flow | −£800,000 | £20.6m | £9.8m | £100,000 | −£27.4m | £54.2m | −£2.0m | £3.0m | £39.0m | £39.3m |
| Dividends paid | — | — | — | — | — | — | — | −£7.1m | −£6.7m | −£5.8m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £559.4m | £620.9m | £485.8m | £512.7m | £480.2m | £504.1m | £434.1m | £502.5m |
| Gross profit | £35.9m | £43.7m | £33.1m | £30.2m | £38.2m | £39.8m | £32.8m | £37.3m |
| Operating income | £5.1m | £9.3m | £3.3m | £19.9m | £2.4m | −£1.2m | −£2.5m | £4.4m |
| Net income | £2.2m | £4.4m | £400,000 | £4.0m | −£12.3m | −£7.8m | −£3.2m | £4.5m |
| Diluted earnings per share | 0.02 | 0.04 | 0.00 | 0.03 | -0.09 | -0.05 | -0.02 | 0.03 |
| Cash from operations | −£10.0m | £10.0m | −£7.0m | £25.0m | −£8.0m | £14.0m | −£6.0m | £17.0m |
| Capital spending | — | −£1.0m | — | — | — | −£1.0m | −£1.0m | −£1.0m |
| Free cash flow | — | £9.0m | — | — | — | £13.0m | −£7.0m | £16.0m |
| Total assets | £237.5m | £237.2m | £197.6m | £219.6m | £203.5m | £212.2m | £216.9m | £235.9m |
| Cash and short-term investments | £3.5m | £8.4m | £4.6m | £14.6m | £4.6m | £13.3m | £12.2m | £31.0m |
| Debt | £19.1m | £7.9m | £11.2m | £7.0m | £15.2m | £10.9m | £17.2m | £27.5m |
| Shareholders' equity | £37.7m | £38.6m | £34.6m | £41.4m | £40.6m | £54.9m | £68.7m | £71.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 5.6% | 3.6% | 4.7% |
| Operating income | 59.3% | — | 4.8% |
| Net income | 8.1% | — | 7.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 6.7% | 7.4% | 7.2% | 9.1% |
| Operating margin | 1.4% | 0.8% | -0.2% | 0.7% |
| Net margin | -0.2% | -0.3% | -1.1% | -0.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 11.6 | -3.8 | -3.2 | 16.9 | 87.0 | -0.6 | -1.0 | -4.0 | 2.8 | 2.6 |
| Price to sales | 0.1 | 0.0 | 0.0 | 0.1 | 0.1 | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 11 Oct 2018.
| FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.227 | 0.222 | 0.194 | 0.15 | 0.105 | 0.082 | 0.068 | 0.063 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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