T 
395.00p
+1.94%
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
£51.1m
FY2017FY2026
Net income
£8.0m
FY2017FY2026
Free cash flow
£10.8m
FY2017FY2026
Shareholders' equity
£35.7m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £51.1m | £46.5m | £41.9m | £36.0m | £31.1m | £31.0m | £31.7m | £26.2m | £22.2m | £20.3m |
| Gross profit | £39.3m | £37.9m | £33.6m | £29.2m | £24.7m | £24.7m | £25.2m | £20.7m | £17.2m | £15.7m |
| Research and development | — | — | — | £694,000 | £614,000 | £727,000 | £458,000 | £739,000 | £526,000 | £665,000 |
| Operating income | £11.0m | £8.4m | £7.0m | £5.3m | £4.2m | £4.8m | £6.8m | £4.7m | £4.0m | £3.9m |
| Net income | £8.0m | £6.6m | £6.5m | £4.5m | £987,000 | £3.7m | £5.1m | £4.0m | £3.3m | £3.4m |
| Diluted earnings per share | 0.17 | 0.14 | 0.14 | 0.09 | 0.02 | 0.08 | 0.11 | 0.09 | 0.07 | 0.08 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £48.3m | £45.3m | £44.1m | £41.4m | £38.7m | £39.9m | £40.9m | £28.5m | £22.5m | £20.1m |
| Cash and short-term investments | £16.0m | £12.8m | £11.8m | £9.5m | £8.9m | £8.1m | £6.2m | £4.2m | £6.7m | £5.1m |
| Total liabilities | £12.6m | £12.3m | £11.7m | £10.7m | £9.8m | £9.8m | £12.5m | £5.1m | £4.1m | £4.0m |
| Debt | £5.9m | £5.9m | £5.9m | £5.2m | £5.8m | £5.9m | £6.0m | — | — | — |
| Shareholders' equity | £35.7m | £33.0m | £32.4m | £30.7m | £29.0m | £30.1m | £28.5m | £23.4m | £18.4m | £16.1m |
| Shares outstanding | 48m | 49m | 48m | 49m | 48m | 47m | 47m | 46m | 45m | 45m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £11.5m | £10.3m | £10.9m | £8.5m | £5.6m | £6.5m | £7.0m | £5.5m | £4.5m | £4.4m |
| Capital spending | −£683,000 | −£857,000 | −£1.1m | −£2.4m | −£1.2m | −£1.8m | −£2.4m | −£1.3m | −£1.5m | −£1.0m |
| Free cash flow | £10.8m | £9.5m | £9.7m | £6.1m | £4.3m | £4.7m | £4.6m | £4.1m | £3.0m | £3.3m |
| Dividends paid | −£6.8m | −£6.7m | −£6.2m | −£4.5m | −£3.1m | −£3.0m | −£2.6m | −£2.2m | −£1.8m | −£2.8m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £25.5m | £25.6m | £23.9m | £22.6m | £21.0m | £20.9m | £18.5m | £17.5m |
| Gross profit | £19.7m | £19.6m | £19.4m | £18.6m | £14.7m | £17.5m | £14.0m | £12.7m |
| Operating income | £6.0m | £5.0m | £4.7m | £3.6m | £3.6m | £3.4m | £2.9m | £2.5m |
| Net income | £4.0m | £4.0m | £3.9m | £2.7m | £3.4m | £3.1m | £3.0m | £1.5m |
| Diluted earnings per share | 0.08 | 0.08 | 0.08 | 0.06 | 0.07 | 0.06 | 0.06 | 0.03 |
| Cash from operations | £6.0m | £5.0m | £5.0m | £5.0m | £5.0m | £5.0m | £4.0m | £3.0m |
| Capital spending | — | — | — | — | — | — | −£2.0m | — |
| Free cash flow | — | — | — | — | — | — | £2.0m | — |
| Total assets | £48.3m | £45.4m | £45.3m | £42.8m | £44.1m | £40.8m | £41.4m | £38.1m |
| Cash and short-term investments | £16.0m | £13.3m | £12.8m | £11.7m | £11.8m | £10.8m | £9.5m | £8.4m |
| Debt | £1.2m | £1.1m | £1.1m | £1.0m | £1.0m | £814,000 | £859,000 | £700,000 |
| Shareholders' equity | £35.7m | £33.6m | £33.0m | £31.5m | £32.4m | £31.1m | £30.7m | £28.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 12.4% | 10.5% | 11.6% |
| Operating income | 27.8% | 18.3% | 15.7% |
| Net income | 21.4% | 16.9% | 14.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 79.2% | 79.8% | 79.7% | 79.1% |
| Operating margin | 19.9% | 18.0% | 17.1% | 17.6% |
| Net margin | 15.0% | 14.6% | 12.7% | 13.6% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 24.1 | 30.7 | 31.5 | 50.4 | 189.5 | 58.7 | 49.0 | 44.3 | 34.2 | 32.8 |
| Price to sales | 3.8 | 4.4 | 4.9 | 6.2 | 6.0 | 6.9 | 7.9 | 6.8 | 5.0 | 5.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 21 years. Last went ex-dividend on 19 Mar 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.142 | 0.14 | 0.131 | 0.095 | 0.066 | 0.065 | 0.058 | 0.05 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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