T 
33.90p
-3.14%
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
£295.8m
FY2016FY2025
Net income
£6.0m
FY2016FY2025
Free cash flow
£18.2m
FY2016FY2025
Shareholders' equity
£7.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £295.8m | £251.8m | £262.7m | £247.2m | £228.0m | £192.8m | £219.2m | £216.9m | £211.8m | £215.0m |
| Gross profit | £153.4m | £134.3m | £139.2m | £126.6m | £122.2m | £108.0m | £135.0m | £132.4m | £129.4m | £133.2m |
| Operating income | £18.8m | −£11.4m | £11.1m | £14.8m | £18.0m | £8.7m | £10.8m | £14.7m | £18.1m | £21.2m |
| Net income | £6.0m | −£13.0m | £3.2m | £9.0m | £10.6m | −£8.0m | £10.1m | £9.7m | £13.4m | £15.5m |
| Diluted earnings per share | 0.03 | -0.07 | 0.02 | 0.05 | 0.05 | -0.04 | 0.05 | 0.05 | 0.07 | 0.08 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £187.9m | £167.4m | £174.4m | £180.8m | £188.1m | £205.1m | £111.8m | £103.7m | £99.7m | £94.5m |
| Cash and short-term investments | £18.4m | £23.7m | £23.4m | £16.2m | £27.8m | £31.0m | £18.7m | £13.8m | £7.5m | £10.2m |
| Total liabilities | £180.2m | £161.8m | £148.0m | £151.8m | £163.1m | £191.0m | £81.5m | £77.0m | £76.2m | £76.9m |
| Debt | £110.8m | £101.0m | £94.5m | £102.9m | £111.3m | £129.1m | £29.9m | £29.9m | £34.9m | £34.8m |
| Shareholders' equity | £7.7m | £5.6m | £23.2m | £26.6m | £25.0m | £14.1m | £30.2m | £26.7m | £23.6m | £17.5m |
| Shares outstanding | 197m | 197m | 200m | 197m | 198m | 195m | 196m | 196m | 196m | 204m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £23.7m | £23.8m | £37.2m | £22.9m | £26.5m | £51.0m | £21.9m | £21.9m | £15.2m | £24.2m |
| Capital spending | −£5.5m | −£4.5m | −£4.2m | −£3.2m | −£4.4m | −£6.7m | −£7.2m | −£5.1m | −£10.2m | −£10.6m |
| Free cash flow | £18.2m | £19.3m | £33.0m | £19.6m | £22.1m | £44.3m | £14.7m | £16.8m | £5.0m | £13.6m |
| Dividends paid | −£3.9m | −£7.1m | −£7.5m | −£8.0m | — | −£4.5m | −£6.6m | −£6.6m | −£6.9m | −£6.3m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Jun 2023 | Apr 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £142.6m | £152.9m | £142.9m | £129.0m | £122.8m | £132.4m | £66.2m | £130.3m |
| Gross profit | £75.2m | £80.2m | £74.1m | £68.1m | £66.2m | £69.0m | £35.3m | £69.0m |
| Operating income | £8.6m | £8.0m | £5.2m | £7.1m | £797,000 | £8.7m | £2.4m | £8.2m |
| Net income | £343,000 | £4.8m | £1.2m | −£10.8m | −£2.2m | £2.7m | £1.6m | £482,000 |
| Diluted earnings per share | 0.00 | 0.02 | 0.01 | -0.06 | -0.01 | 0.01 | 0.01 | 0.00 |
| Cash from operations | £8.0m | £18.0m | £5.0m | £12.0m | £11.0m | £16.0m | — | £20.0m |
| Capital spending | −£1.0m | −£1.0m | −£3.0m | −£2.0m | −£1.0m | −£2.0m | — | −£1.0m |
| Free cash flow | £7.0m | £17.0m | £2.0m | £10.0m | £10.0m | £14.0m | — | £19.0m |
| Total assets | £184.8m | £187.9m | £177.0m | £167.4m | £164.4m | £174.4m | £174.4m | £180.7m |
| Cash and short-term investments | £15.9m | £18.7m | £13.1m | £23.7m | £19.6m | £23.4m | £23.4m | £19.9m |
| Debt | £36.2m | £94.0m | £29.8m | £29.6m | £72.5m | £15.6m | £78.8m | £17.4m |
| Shareholders' equity | £3.7m | £7.7m | £4.3m | £5.6m | £16.4m | £23.2m | £26.4m | £22.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 6.2% | 8.9% | 3.4% |
| Operating income | 8.3% | 16.7% | -1.4% |
| Net income | -12.7% | — | -7.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 52.6% | 52.3% | 53.0% | 56.5% |
| Operating margin | 1.4% | 3.2% | 4.1% | 5.7% |
| Net margin | -1.3% | 0.5% | 0.5% | 2.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 13.2 | -5.7 | 31.1 | 9.8 | 12.1 | -14.1 | 14.0 | 12.7 | 11.7 | 11.5 |
| Price to sales | 0.3 | 0.3 | 0.4 | 0.4 | 0.6 | 0.6 | 0.6 | 0.6 | 0.7 | 0.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 18 Dec 2025.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.021 | 0.02 | 0.056 | 0.038 | 0.041 | 0.023 | 0.034 | 0.034 |
- 1.056-to-1 reverse split · 1 Aug 2006
- 5-for-1 split · 6 May 2004
- 2-for-1 split · 20 Jan 1999
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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