W 
275.00p
-1.79%
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
£120.0m
FY2017FY2026
Net income
£11.2m
FY2017FY2026
Free cash flow
£16.7m
FY2017FY2026
Shareholders' equity
£114.7m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £120.0m | £101.5m | £98.3m | £123.5m | £121.0m | £113.0m | £113.1m | £122.5m | £121.3m | £120.3m |
| Gross profit | £23.9m | £23.9m | £26.6m | £26.4m | £23.8m | £17.6m | £13.6m | £21.0m | £21.8m | £21.2m |
| Operating income | £23.9m | £14.6m | £22.2m | £20.3m | £21.7m | £13.2m | £9.7m | £16.8m | £4.2m | £16.6m |
| Net income | £11.2m | £11.6m | £41.2m | £20.2m | £32.8m | −£4.5m | £4.7m | £11.1m | −£392,000 | £12.8m |
| Diluted earnings per share | 0.12 | 0.13 | 0.45 | 0.22 | 0.36 | -0.05 | 0.05 | 0.13 | -0.00 | 0.15 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £269.4m | £177.0m | £171.7m | £145.7m | £129.8m | £130.3m | £166.1m | £146.5m | £151.3m | £162.3m |
| Cash and short-term investments | £14.8m | £42.2m | £67.5m | £42.2m | £19.8m | £7.4m | £21.4m | £7.9m | £10.8m | £10.7m |
| Total liabilities | £154.7m | £64.2m | £56.3m | £65.1m | £62.7m | £93.7m | £122.7m | £103.7m | £111.9m | £112.4m |
| Debt | £71.4m | £1.4m | £2.8m | £7.2m | £7.5m | £34.8m | £61.6m | £41.8m | £50.4m | £50.3m |
| Shareholders' equity | £114.7m | £112.7m | £115.3m | £80.6m | £67.1m | £36.7m | £43.4m | £42.9m | £39.3m | £49.9m |
| Shares outstanding | 90m | 91m | 91m | 91m | 90m | 88m | 88m | 89m | 88m | 88m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £16.9m | £17.0m | £22.5m | £29.9m | £20.3m | £13.1m | £20.2m | £19.7m | £16.0m | £19.5m |
| Capital spending | −£167,000 | — | −£367,000 | −£1.1m | −£1.7m | −£3.0m | −£3.9m | −£1.3m | −£3.1m | −£1.3m |
| Free cash flow | £16.7m | £17.0m | £22.2m | £28.8m | £18.6m | £10.1m | £16.3m | £18.4m | £12.9m | £18.2m |
| Dividends paid | −£10.4m | −£10.2m | −£9.2m | −£7.5m | −£5.5m | −£1.8m | −£4.4m | −£7.8m | −£7.5m | −£7.2m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £72.3m | £47.6m | £54.9m | £46.6m | £54.4m | £43.9m | £66.1m | £33.0m |
| Gross profit | £15.0m | £8.9m | £15.1m | £8.7m | £13.8m | £7.7m | £14.0m | £7.5m |
| Operating income | £15.0m | £8.9m | £11.6m | £2.9m | £13.8m | £8.4m | £14.0m | £7.0m |
| Net income | £9.2m | £2.0m | £9.0m | £2.6m | £12.7m | £5.9m | £11.9m | £6.0m |
| Diluted earnings per share | 0.10 | 0.02 | 0.10 | 0.03 | 0.14 | 0.06 | 0.13 | 0.07 |
| Cash from operations | £14.0m | £1.0m | £16.0m | — | £16.0m | £5.0m | £10.0m | £10.0m |
| Total assets | £269.4m | £252.9m | £177.0m | £169.0m | £171.7m | £149.1m | £145.7m | £145.7m |
| Cash and short-term investments | £14.8m | £10.9m | £42.2m | £30.9m | £67.5m | £23.9m | £42.2m | £42.2m |
| Debt | £5.0m | £77.7m | £478,000 | £496,000 | £1.3m | £1.4m | £975,000 | — |
| Shareholders' equity | £114.7m | £107.1m | £112.7m | £112.1m | £115.3m | £83.3m | £80.6m | £29.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -1.0% | 1.2% | 1.3% |
| Operating income | 5.6% | 12.5% | 3.6% |
| Net income | -18.0% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 21.6% | 22.7% | 21.0% | 22.9% |
| Operating margin | 17.4% | 18.3% | 17.1% | 14.3% |
| Net margin | 10.3% | 19.0% | 16.6% | 10.7% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 22.9 | 23.3 | 8.6 | 14.9 | 8.5 | -41.6 | 29.9 | 19.7 | -402.3 | 16.4 |
| Price to sales | 2.1 | 2.6 | 3.6 | 2.4 | 2.3 | 1.7 | 1.2 | 1.8 | 1.3 | 1.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 29 Oct 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.094 | 0.116 | 0.113 | 0.103 | 0.085 | 0.063 | 0.021 | 0.05 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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