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180.00p
0.00%
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
£105.1m
FY2016FY2025
Net income
£14.4m
FY2016FY2025
Free cash flow
£12.3m
FY2016FY2025
Shareholders' equity
£80.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £105.1m | £101.6m | £89.6m | £64.1m | £50.0m | £40.3m | £49.3m | £48.5m | £32.5m | £22.5m |
| Gross profit | £41.6m | £39.6m | £33.8m | £23.3m | £16.9m | £12.5m | £12.9m | £17.2m | £12.6m | £8.8m |
| Operating income | £18.1m | £22.6m | £18.9m | £8.0m | £3.8m | −£526,000 | £2.6m | £4.9m | £6.9m | £4.4m |
| Net income | £14.4m | £18.2m | £13.9m | £6.3m | £2.8m | −£999,000 | £1.4m | £3.6m | £5.5m | £3.1m |
| Diluted earnings per share | 0.18 | 0.23 | 0.18 | 0.08 | 0.04 | -0.01 | 0.02 | 0.05 | 0.08 | 0.05 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £98.2m | £85.6m | £65.0m | £51.4m | £47.6m | £46.0m | £51.7m | £50.1m | £48.3m | £18.7m |
| Cash and short-term investments | £16.0m | £21.9m | £9.1m | £5.9m | £4.1m | £4.9m | £2.7m | £4.0m | £3.4m | £3.5m |
| Total liabilities | £17.8m | £12.3m | £18.2m | £13.6m | £11.4m | £8.6m | £11.9m | £9.0m | £7.8m | £4.4m |
| Debt | £9.8m | £4.2m | £5.4m | £5.9m | £3.1m | £4.0m | £6.1m | £2.7m | £1.4m | — |
| Shareholders' equity | £80.4m | £73.3m | £46.8m | £37.8m | £36.2m | £37.4m | £39.8m | £41.0m | £40.4m | £14.3m |
| Shares outstanding | 81m | 81m | 77m | 77m | 77m | 77m | 77m | 77m | 66m | 62m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £14.4m | £9.1m | £10.3m | £8.4m | £5.1m | £7.5m | £4.4m | £4.3m | £5.2m | £3.0m |
| Capital spending | −£2.2m | −£2.2m | −£515,000 | −£843,000 | −£599,000 | −£881,000 | −£319,000 | −£440,000 | −£607,000 | −£240,000 |
| Free cash flow | £12.3m | £6.9m | £9.8m | £7.6m | £4.5m | £6.6m | £4.0m | £3.8m | £4.6m | £2.7m |
| Dividends paid | −£9.3m | −£7.4m | −£5.8m | −£4.7m | −£4.2m | −£2.1m | −£3.4m | −£3.1m | −£1.9m | −£2.8m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £40.5m | £55.8m | £49.3m | £55.8m | £45.8m | £52.9m | £36.7m | £38.9m |
| Gross profit | £17.4m | £21.4m | £20.2m | £21.2m | £18.4m | £20.4m | £13.4m | £11.6m |
| Operating income | £4.6m | £10.0m | £8.6m | £12.2m | £10.2m | £12.1m | £6.8m | £5.5m |
| Net income | £3.6m | £8.9m | £5.4m | £10.2m | £8.0m | £9.1m | £4.8m | £3.5m |
| Diluted earnings per share | 0.04 | 0.11 | 0.07 | 0.13 | 0.10 | 0.12 | 0.06 | 0.05 |
| Cash from operations | £7.0m | £9.0m | £4.0m | £11.0m | −£2.0m | £8.0m | £1.0m | £8.0m |
| Capital spending | −£1.0m | −£1.0m | −£1.0m | — | −£1.0m | — | — | — |
| Free cash flow | £6.0m | £8.0m | £3.0m | — | −£3.0m | — | — | — |
| Total assets | £104.1m | £98.2m | £105.2m | £85.6m | £71.0m | £65.0m | £60.5m | £51.4m |
| Cash and short-term investments | £20.7m | £16.0m | £17.0m | £21.9m | £5.5m | £9.1m | £7.1m | £5.9m |
| Debt | £796,000 | £1.3m | £1.4m | £1.3m | £1.3m | £1.3m | £1.0m | £1.0m |
| Shareholders' equity | £78.0m | £80.4m | £73.5m | £73.3m | £51.0m | £46.8m | £42.9m | £37.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 17.9% | 21.1% | 16.8% |
| Operating income | 31.4% | — | 12.6% |
| Net income | 31.9% | — | 13.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 39.3% | 38.4% | 37.2% | 36.4% |
| Operating margin | 19.7% | 18.8% | 15.7% | 15.2% |
| Net margin | 15.8% | 14.6% | 12.1% | 11.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 10.8 | 23.0 | 20.9 | 21.9 | 42.5 | -58.4 | 39.8 | 20.9 | 15.9 | 14.9 |
| Price to sales | 1.5 | 4.1 | 3.2 | 2.1 | 2.4 | 1.4 | 1.1 | 1.5 | 2.7 | 2.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 9 years. Last went ex-dividend on 11 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.09 | 0.115 | 0.095 | 0.075 | 0.061 | 0.055 | 0.028 | 0.044 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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