U 
5.50p
—
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
£42.2m
FY2016FY2025
Net income
−£170,000
FY2016FY2025
Free cash flow
−£83,000
FY2016FY2025
Shareholders' equity
£1.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £42.2m | £37.1m | £37.0m | £39.1m | £52.0m | £55.5m | £50.0m | £36.9m | £30.5m | £20.2m |
| Gross profit | £6.6m | £7.1m | £6.9m | £6.6m | £4.5m | £4.7m | £4.7m | £3.2m | £3.3m | £2.1m |
| Operating income | £2.1m | £1.1m | £1.3m | −£161,000 | £769,000 | £838,000 | £2.6m | £633,000 | £510,000 | −£195,000 |
| Net income | −£170,000 | −£2.0m | £390,000 | −£804,000 | £439,000 | −£1.2m | £2.0m | £90,000 | −£1.1m | −£1.5m |
| Diluted earnings per share | -0.00 | -0.05 | 0.01 | -0.02 | 0.01 | -0.03 | 0.05 | 0.00 | -0.03 | -0.04 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £16.7m | £15.9m | £16.8m | £17.0m | £23.3m | £24.4m | £20.4m | £14.4m | £12.2m | £13.0m |
| Cash and short-term investments | £123,000 | £120,000 | £474,000 | £438,000 | £352,000 | £183,000 | £231,000 | £205,000 | £496,000 | £175,000 |
| Total liabilities | £15.0m | £13.9m | £12.3m | £12.4m | £17.3m | £19.1m | £17.2m | £13.4m | £11.3m | £10.8m |
| Debt | £5.7m | £5.6m | £5.8m | £6.1m | £6.0m | £6.6m | £7.2m | £7.7m | £7.0m | £7.2m |
| Shareholders' equity | £1.7m | £2.0m | £4.5m | £4.6m | £5.9m | £5.3m | £3.2m | £964,000 | £882,000 | £2.1m |
| Shares outstanding | 40m | 40m | 40m | 40m | 40m | 40m | 40m | 40m | 40m | 40m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £886,000 | £1.0m | £1.0m | £1.0m | £1.4m | £2.2m | £918,000 | −£230,000 | £1.2m | £254,000 |
| Capital spending | −£969,000 | −£848,000 | −£582,000 | −£409,000 | −£723,000 | −£688,000 | −£297,000 | −£181,000 | −£93,000 | −£217,000 |
| Free cash flow | −£83,000 | £199,000 | £424,000 | £611,000 | £651,000 | £1.5m | £621,000 | −£411,000 | £1.1m | £37,000 |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £19.0m | £22.0m | £20.2m | £20.4m | £16.6m | £18.7m | £18.3m | £20.8m |
| Gross profit | £3.1m | £3.2m | £3.5m | £3.7m | £3.4m | £3.6m | £3.1m | £3.3m |
| Operating income | £707,000 | £866,000 | £1.3m | £1.4m | £1.5m | £1.6m | £1.2m | £893,000 |
| Net income | −£71,000 | £20,000 | −£190,000 | −£2.9m | £897,000 | −£263,000 | £653,000 | −£607,000 |
| Diluted earnings per share | -0.00 | 0.00 | -0.00 | -0.07 | 0.02 | -0.01 | 0.02 | -0.02 |
| Total assets | £16.8m | £16.7m | £16.6m | £15.9m | £17.5m | £16.8m | £16.7m | £17.0m |
| Cash and short-term investments | £173,000 | £123,000 | £90,000 | £120,000 | £574,000 | £436,000 | £329,000 | £438,000 |
| Debt | £5.8m | £5.7m | £6.2m | £5.6m | £5.8m | £5.8m | £6.0m | £6.1m |
| Shareholders' equity | £1.6m | £1.7m | £1.6m | £2.0m | £4.9m | £4.5m | £5.0m | £4.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 2.6% | -5.3% | 7.7% |
| Operating income | — | 19.9% | — |
| Net income | -40.4% | -31.9% | -26.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 17.4% | 17.5% | 13.9% | 12.4% |
| Operating margin | 4.0% | 2.8% | 2.2% | 1.9% |
| Net margin | -2.8% | -1.7% | -1.3% | -1.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -17.5 | -0.5 | 3.0 | -1.6 | 4.1 | -1.9 | 0.6 | 17.6 | -1.8 | -1.1 |
| Price to sales | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 18 May 2011.
| FY2011 | FY2010 | FY2009 | FY2008 | FY2007 | FY2006 | FY2005 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.006 | 0.002 | 0.007 | 0.014 | 0.012 | 0.007 | 0.004 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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