V 
516.00p
+3.20%
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
£358.3m
FY2017FY2026
Net income
−£5.4m
FY2017FY2026
Free cash flow
£1.5m
FY2017FY2026
Shareholders' equity
£131.1m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £358.3m | £380.0m | £368.7m | £371.5m | £350.9m | £308.0m | £362.9m | £382.8m | £303.6m | £248.7m |
| Gross profit | £85.9m | £92.1m | £93.0m | £87.3m | £87.0m | £48.1m | £70.2m | £87.3m | £74.2m | £66.9m |
| Operating income | £23.8m | £32.0m | £12.5m | £39.3m | £43.0m | £5.7m | £37.2m | £38.3m | £34.2m | £33.2m |
| Net income | −£5.4m | £14.4m | −£5.3m | £23.0m | £25.5m | −£4.6m | £18.6m | £25.8m | £24.4m | £23.7m |
| Diluted earnings per share | -0.14 | 0.37 | -0.13 | 0.58 | 0.64 | -0.11 | 0.47 | 0.65 | 0.61 | 0.60 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £453.3m | £455.2m | £440.0m | £469.4m | £464.5m | £444.4m | £508.0m | £458.3m | £433.4m | £315.0m |
| Cash and short-term investments | £21.3m | £12.7m | £6.1m | £11.1m | £13.6m | £15.9m | £20.1m | £29.0m | £18.2m | £15.1m |
| Total liabilities | £322.1m | £304.8m | £286.9m | £294.4m | £297.9m | £291.3m | £338.1m | £289.5m | £279.0m | £177.7m |
| Debt | £233.8m | £216.6m | £193.2m | £204.0m | £201.9m | £194.7m | £251.8m | £197.1m | £197.4m | £114.0m |
| Shareholders' equity | £131.1m | £150.4m | £153.0m | £174.9m | £166.6m | £153.1m | £169.9m | £168.9m | £154.4m | £137.3m |
| Shares outstanding | 40m | 40m | 40m | 39m | 40m | 40m | 39m | 40m | 40m | 40m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £61.4m | £80.7m | £89.6m | £66.3m | £76.7m | £104.9m | £84.9m | £79.9m | £63.3m | £62.4m |
| Capital spending | −£59.9m | −£73.7m | −£72.3m | −£63.3m | −£68.7m | −£46.6m | −£54.7m | −£74.6m | −£71.6m | −£64.6m |
| Free cash flow | £1.5m | £7.1m | £17.3m | £3.0m | £8.0m | £58.3m | £30.2m | £5.3m | −£8.3m | −£2.2m |
| Dividends paid | −£15.6m | −£15.4m | −£15.0m | −£14.5m | −£14.1m | −£8.7m | −£12.1m | −£10.9m | −£9.0m | −£7.6m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Dec 2023 | Sept 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £169.9m | £188.4m | £187.5m | £192.5m | £177.8m | £88.9m | £190.9m | £95.5m |
| Gross profit | £34.8m | £47.4m | £41.2m | £50.9m | £71.5m | £35.8m | £49.6m | £24.8m |
| Operating income | £3.2m | £16.9m | £588,000 | £24.4m | −£12.3m | £22.0m | £24.8m | £12.4m |
| Net income | −£13.2m | £7.8m | £171,000 | £14.3m | −£19.7m | −£9.8m | £14.4m | £7.2m |
| Diluted earnings per share | -0.33 | 0.20 | 0.00 | 0.36 | -0.50 | -0.25 | 0.36 | 0.18 |
| Cash from operations | £25.0m | £36.0m | £44.0m | £35.0m | £47.0m | £23.0m | £41.0m | £20.0m |
| Capital spending | −£17.0m | −£42.0m | −£31.0m | −£42.0m | −£38.0m | −£18.0m | −£34.0m | −£16.0m |
| Free cash flow | £8.0m | −£6.0m | £13.0m | −£7.0m | £9.0m | £5.0m | £7.0m | £4.0m |
| Total assets | £453.3m | £483.0m | £455.2m | £451.7m | £440.0m | £440.0m | £471.8m | £471.8m |
| Cash and short-term investments | £21.3m | £24.9m | £12.7m | £9.0m | £6.1m | £6.1m | £9.2m | £9.2m |
| Debt | £188.4m | £198.6m | £168.8m | £181.8m | £147.6m | £16.3m | £158.7m | £65.9m |
| Shareholders' equity | £131.1m | £148.3m | £150.4m | £155.6m | £153.0m | £153.0m | £177.8m | £177.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -1.2% | 3.1% | 5.6% |
| Operating income | -15.3% | 33.2% | -2.1% |
| Net income | — | 3.4% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 24.1% | 24.2% | 23.1% | 23.4% |
| Operating margin | 7.6% | 7.3% | 7.3% | 9.0% |
| Net margin | 1.2% | 1.8% | 2.2% | 4.5% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -36.2 | 14.8 | -42.1 | 10.9 | 10.6 | -80.5 | 16.8 | 14.5 | 16.1 | 15.0 |
| Price to sales | 0.6 | 0.6 | 0.6 | 0.7 | 0.8 | 1.2 | 0.9 | 1.0 | 1.3 | 1.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 36 years. Last went ex-dividend on 18 Jun 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.28 | 0.395 | 0.39 | 0.38 | 0.365 | 0.355 | 0.22 | 0.304 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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