M 
27.00p
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
£158.7m
FY2015FY2024
Net income
£1.1m
FY2015FY2024
Free cash flow
£2.8m
FY2015FY2024
Shareholders' equity
£78.8m
FY2015FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £158.7m | £161.4m | £182.3m | £153.3m | £121.9m | £171.1m | £159.9m | £144.2m | £144.1m | £132.2m |
| Gross profit | £75.9m | £74.3m | £79.6m | £72.5m | £61.5m | £81.0m | £77.6m | £68.6m | £65.9m | £61.0m |
| Operating income | £6.9m | £5.1m | £8.3m | £7.6m | £1.4m | £9.9m | £9.0m | £7.1m | £6.9m | £6.4m |
| Net income | £1.1m | −£12.0m | £9,000 | £5.4m | −£2.0m | £6.3m | £9.3m | £4.4m | £4.4m | £4.0m |
| Diluted earnings per share | 0.01 | -0.12 | — | 0.06 | -0.02 | 0.07 | 0.10 | 0.05 | 0.05 | 0.05 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £154.6m | £163.6m | £161.4m | £159.5m | £147.9m | £154.5m | £153.5m | £133.1m | £121.1m | £120.7m |
| Cash and short-term investments | £10.4m | £4.6m | £6.2m | £6.1m | £3.8m | £5.0m | £5.9m | £5.9m | £1.0m | £1.8m |
| Total liabilities | £75.8m | £87.3m | £71.4m | £66.3m | £58.1m | £62.8m | £66.4m | £53.5m | £44.6m | £47.8m |
| Debt | £36.3m | £37.7m | £27.6m | £26.1m | £16.2m | £18.7m | £18.4m | £13.3m | £12.6m | £13.1m |
| Shareholders' equity | £78.8m | £76.3m | £90.0m | £93.2m | £89.9m | £91.7m | £87.1m | £79.6m | £76.5m | £72.9m |
| Shares outstanding | 91m | 90m | 91m | 92m | 88m | 88m | 85m | 85m | 86m | 86m |
Cash flow
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £3.5m | £2.1m | £9.7m | £3.6m | £10.0m | £9.3m | £9.0m | £10.3m | £6.2m | £2.4m |
| Capital spending | −£669,000 | −£2.5m | −£2.9m | −£1.9m | −£1.1m | −£2.3m | −£1.4m | −£1.6m | −£1.7m | −£1.3m |
| Free cash flow | £2.8m | −£399,000 | £6.8m | £1.7m | £8.9m | £7.0m | £7.6m | £8.6m | £4.5m | £1.1m |
| Dividends paid | — | −£1.5m | −£2.2m | −£2.1m | — | −£1.8m | −£1.5m | −£1.3m | −£1.2m | −£948,000 |
Latest quarters
By quarter end
| Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sept 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £82.8m | £64.3m | £80.4m | £68.5m | £92.9m | £46.5m | £101.1m | £50.7m |
| Gross profit | £33.7m | £33.7m | £35.3m | £32.5m | £41.8m | £20.9m | £44.0m | £22.1m |
| Operating income | £2.2m | £4.9m | £1.7m | £3.4m | £1.7m | £65,000 | £6.3m | £3.4m |
| Net income | −£3.8m | £1.1m | −£88,000 | −£12.0m | £3,000 | £17,000 | −£1.2m | −£560,000 |
| Diluted earnings per share | -0.04 | 0.01 | -0.00 | -0.12 | — | — | -0.01 | -0.01 |
| Cash from operations | — | £6.0m | −£2.0m | £1.0m | — | — | £3.0m | — |
| Capital spending | — | — | — | — | −£2.0m | — | −£1.0m | — |
| Free cash flow | — | — | — | — | — | — | £2.0m | — |
| Total assets | £151.4m | £154.6m | £167.7m | £163.6m | £186.2m | £186.2m | £161.4m | £161.4m |
| Cash and short-term investments | £1.2m | £10.4m | £226,000 | £4.6m | £5.1m | £5.1m | £6.2m | £6.2m |
| Debt | £28.5m | £33.9m | £34.9m | £35.7m | £38.2m | £38.2m | £26.0m | £26.0m |
| Shareholders' equity | £74.6m | £78.8m | £76.6m | £76.3m | £89.9m | £90.0m | £90.0m | £90.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 1.2% | -1.5% | 2.4% |
| Operating income | -2.9% | -6.9% | 2.1% |
| Net income | -42.1% | -30.1% | -12.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 46.9% | 46.1% | 46.9% | 46.7% |
| Operating margin | 3.8% | 4.3% | 4.1% | 4.5% |
| Net margin | -3.4% | -0.8% | -0.1% | 1.5% |
Valuation history
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 20.8 | -1.6 | — | 4.4 | -10.7 | 4.6 | 2.0 | 3.3 | 3.4 | 3.8 |
| Price to sales | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | 0.1 | 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 2 Nov 2023.
| FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.025 | 0.024 | 0.008 | 0.015 | 0.022 | 0.019 | 0.016 | 0.014 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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