P 
480.00p
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
£84.3m
FY2016FY2025
Net income
£19.0m
FY2016FY2025
Free cash flow
£22.3m
FY2016FY2025
Shareholders' equity
£155.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £84.3m | £67.3m | £27.3m | £27.2m | £24.0m | £11.0m | £11.4m | £11.2m | £10.1m | £8.3m |
| Research and development | — | £139,000 | £60,000 | £31,000 | £30,000 | £76,000 | £109,642 | £79,037 | £42,938 | — |
| Operating income | £25.4m | £15.2m | £9.3m | £9.3m | £7.5m | £4.8m | £4.0m | £4.3m | £3.7m | £3.5m |
| Net income | £19.0m | £10.2m | £7.4m | £7.2m | £3.5m | £3.8m | £3.2m | £3.4m | £3.7m | £3.0m |
| Diluted earnings per share | 0.30 | 0.16 | 0.21 | 0.22 | 0.11 | 0.14 | 0.12 | 0.13 | 0.14 | 0.12 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £206.4m | £204.0m | £57.7m | £57.8m | £60.4m | £25.2m | £21.1m | £20.8m | £20.0m | £20.5m |
| Cash and short-term investments | £10.9m | £4.2m | £7.6m | £6.7m | £8.4m | £8.8m | £4.0m | £3.9m | £2.6m | £2.0m |
| Total liabilities | £51.3m | £59.9m | £16.9m | £20.6m | £27.0m | £4.6m | £3.8m | £5.1m | £5.8m | £8.3m |
| Debt | £16.8m | £17.1m | £4.5m | £7.4m | £13.8m | £86,000 | £77,749 | £1.6m | £2.5m | £3.4m |
| Shareholders' equity | £155.1m | £144.2m | £40.8m | £37.2m | £33.4m | £20.6m | £17.3m | £15.7m | £14.3m | £12.2m |
| Shares outstanding | 64m | 64m | 35m | 32m | 32m | 26m | 28m | 26m | 26m | 24m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £22.4m | £14.7m | £9.0m | £9.0m | £8.9m | £5.4m | £4.7m | £4.5m | £4.4m | £2.4m |
| Capital spending | −£148,000 | −£306,000 | −£430,000 | −£527,000 | −£260,000 | −£172,293 | −£467,759 | −£30,505 | −£12,840 | −£13,960 |
| Free cash flow | £22.3m | £14.4m | £8.6m | £8.4m | £8.7m | £5.2m | £4.2m | £4.4m | £4.4m | £2.4m |
| Dividends paid | −£12.0m | −£9.0m | −£4.3m | −£3.8m | −£2.9m | −£542,278 | −£2.2m | −£2.0m | −£1.7m | −£1.4m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £43.3m | £43.9m | £40.3m | £40.5m | £26.9m | £14.1m | £13.2m | £14.1m |
| Operating income | £11.5m | £12.6m | £11.7m | £10.8m | £4.4m | £4.9m | £4.4m | £5.3m |
| Net income | £8.4m | £9.7m | £9.4m | £6.5m | £3.7m | £4.1m | £3.3m | £4.1m |
| Diluted earnings per share | 0.13 | 0.15 | 0.15 | 0.10 | 0.06 | 0.12 | 0.09 | 0.13 |
| Cash from operations | £8.0m | £13.0m | £8.0m | £12.0m | £2.0m | £6.0m | £2.0m | £5.0m |
| Total assets | £203.3m | £206.4m | £205.6m | £204.0m | £208.2m | £57.7m | £54.5m | £57.8m |
| Cash and short-term investments | £5.0m | £10.9m | £7.3m | £4.2m | £5.7m | £7.6m | £3.2m | £6.7m |
| Debt | £14.0m | £14.1m | £19.0m | £14.0m | £20.6m | £2.9m | £3.0m | £5.5m |
| Shareholders' equity | £154.7m | £155.1m | £148.3m | £144.2m | £144.0m | £40.8m | £38.2m | £37.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 45.9% | 50.2% | 28.0% |
| Operating income | 39.8% | 39.8% | 24.3% |
| Net income | 38.1% | 38.2% | 24.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 26.8% | 28.7% | 29.7% | 31.1% |
| Net margin | 19.3% | 21.3% | 21.2% | 23.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 17.2 | 25.3 | 16.4 | 10.0 | 28.7 | 13.2 | 17.1 | 8.6 | 9.6 | 10.1 |
| Price to sales | 3.9 | 3.8 | 4.5 | 2.7 | 4.2 | 4.5 | 4.9 | 2.6 | 3.5 | 3.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 12 years. Last went ex-dividend on 17 Sept 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.227 | 0.19 | 0.154 | 0.134 | 0.12 | 0.104 | 0.021 | 0.086 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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