V 
87.90p
+0.46%
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
£306.1m
FY2018FY2025
Net income
£12.9m
FY2018FY2025
Free cash flow
£20.6m
FY2018FY2025
Shareholders' equity
£60.6m
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £306.1m | £295.7m | £285.1m | £269.4m | £268.8m | £208.7m | £151.4m | £117.4m |
| Gross profit | £143.5m | £147.8m | £134.6m | £121.0m | £130.5m | £92.0m | £61.8m | £46.7m |
| Operating income | £23.8m | £11.2m | £15.3m | £12.1m | £20.0m | £24.0m | £9.8m | £2.5m |
| Net income | £12.9m | £5.5m | £11.8m | £9.2m | £14.3m | £19.7m | £7.8m | £1.9m |
| Diluted earnings per share | 0.04 | 0.02 | 0.04 | 0.03 | 0.04 | 0.07 | 0.02 | 0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | £168.4m | £158.5m | £99.0m | £94.5m | £80.7m | £55.1m | £32.0m | £21.8m |
| Cash and short-term investments | £17.7m | £11.2m | £46.4m | £45.5m | £32.7m | £10.5m | £2.7m | £600,000 |
| Total liabilities | £107.8m | £106.2m | £50.2m | £50.5m | £49.9m | £42.1m | £29.2m | £23.3m |
| Debt | £51.1m | £46.1m | £4.8m | £5.0m | £5.8m | £6.4m | £3.8m | £4.1m |
| Shareholders' equity | £60.6m | £52.3m | £48.8m | £44.0m | £30.8m | £13.0m | £2.8m | −£1.5m |
| Shares outstanding | 331m | 329m | 326m | 323m | 321m | 264m | 324m | 324m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | £22.0m | £17.4m | £17.7m | £16.9m | £24.4m | £24.4m | £8.5m | £4.3m |
| Capital spending | −£1.4m | −£24.8m | −£5.0m | −£2.9m | −£3.2m | −£2.6m | −£1.4m | −£1.5m |
| Free cash flow | £20.6m | −£7.4m | £12.7m | £14.0m | £21.2m | £21.8m | £7.1m | £2.8m |
| Dividends paid | −£5.8m | −£4.8m | −£10.6m | — | −£14.9m | −£9.5m | −£3.5m | −£3.0m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Dec 2023 | Sept 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £168.8m | £153.4m | £152.7m | £151.1m | £144.6m | £72.3m | £138.3m | £69.2m |
| Gross profit | £79.3m | £66.9m | £76.6m | £75.5m | £72.3m | £36.1m | £65.8m | £33.9m |
| Operating income | £9.8m | £17.0m | £6.8m | £4.2m | £7.0m | £3.5m | £10.2m | £5.1m |
| Net income | £6.5m | £8.8m | £4.1m | £1.0m | £4.5m | £2.3m | £7.6m | £3.8m |
| Diluted earnings per share | 0.02 | 0.03 | 0.01 | 0.00 | 0.01 | 0.01 | 0.02 | 0.01 |
| Cash from operations | £15.0m | £13.0m | £8.0m | £8.0m | £9.0m | £4.0m | £11.0m | £5.0m |
| Capital spending | — | — | −£1.0m | −£8.0m | −£12.0m | −£6.0m | −£3.0m | — |
| Free cash flow | — | — | £7.0m | £0 | −£3.0m | −£2.0m | £8.0m | — |
| Total assets | £185.8m | £168.4m | £162.9m | £158.5m | £146.5m | £146.5m | £99.0m | £99.0m |
| Cash and short-term investments | £21.2m | £17.7m | £10.9m | £11.2m | £36.1m | £36.1m | £46.4m | £46.4m |
| Debt | £4.6m | £3.6m | £2.9m | £3.1m | £3.1m | £3.1m | £1.0m | £1.0m |
| Shareholders' equity | £63.5m | £60.6m | £53.7m | £52.3m | £51.5m | £51.5m | £48.8m | £48.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 4.0% | 7.8% | — |
| Operating income | 25.3% | -0.2% | — |
| Net income | 11.9% | -8.1% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 48.4% | 47.3% | 47.1% | — |
| Operating margin | 5.8% | 5.4% | 6.5% | — |
| Net margin | 3.1% | 3.4% | 4.5% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | 18.7 | 55.6 | 25.3 | 27.1 | 26.7 |
| Price to sales | 0.8 | 1.0 | 1.1 | 0.9 | 1.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 3 years. Last went ex-dividend on 16 Jul 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Paid in the year | 0.022 | 0.018 | 0.015 | 0.016 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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