N
68.40p
+0.59%
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
£199.1m
FY2017FY2026
Net income
−£6.6m
FY2017FY2026
Free cash flow
£11.8m
FY2017FY2026
Shareholders' equity
£59.6m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £199.1m | £250.2m | £290.4m | £354.0m | £350.3m | £340.2m | £202.9m | £506.1m | £476.1m | £465.4m |
| Operating income | £908,000 | −£3.3m | −£11.8m | −£14.3m | £1.9m | −£11.7m | −£4.9m | −£7.7m | £9.3m | −£246,000 |
| Net income | −£6.6m | −£4.9m | −£20.8m | −£17.4m | £2.4m | −£10.0m | £8.2m | −£9.4m | £7.4m | −£2.7m |
| Diluted earnings per share | -0.09 | -0.07 | -0.28 | -0.24 | 0.03 | -0.13 | 0.11 | -0.13 | 0.11 | -0.04 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £154.1m | £164.5m | £201.7m | £251.9m | £247.5m | £221.1m | £191.6m | £264.2m | £252.0m | £260.7m |
| Cash and short-term investments | £33.4m | £30.1m | £31.9m | £39.5m | £39.8m | £85.1m | £54.7m | £19.1m | £15.6m | £23.0m |
| Total liabilities | £94.5m | £93.0m | £125.0m | £153.2m | £137.6m | £117.7m | £78.1m | £155.1m | £130.2m | £146.2m |
| Debt | £4.5m | £6.4m | £15.9m | £35.0m | £3.6m | £2.9m | £5.4m | £34.6m | £24.1m | £48.7m |
| Shareholders' equity | £59.6m | £71.5m | £76.8m | £98.7m | £109.9m | £103.4m | £113.6m | £109.2m | £121.8m | £114.6m |
| Shares outstanding | 72m | 73m | 74m | 74m | 73m | 74m | 73m | 71m | 70m | 71m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £12.3m | £17.2m | £3.3m | −£32.0m | −£43.1m | £33.6m | £21.6m | £5.8m | £26.6m | £5.5m |
| Capital spending | −£527,000 | −£1.2m | −£1.1m | −£1.5m | −£1.9m | −£2.7m | −£1.1m | −£7.0m | −£3.8m | −£3.5m |
| Free cash flow | £11.8m | £16.0m | £2.2m | −£33.5m | −£45.1m | £30.9m | £20.5m | −£1.2m | £22.8m | £2.0m |
| Dividends paid | — | — | — | — | — | −£3.8m | −£3.8m | −£5.2m | −£4.0m | −£1.1m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Mar 2023 | Sept 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £109.5m | £89.5m | £137.9m | £112.3m | £158.1m | £132.3m | £188.3m | £165.8m |
| Operating income | £1.5m | −£2.4m | £2.1m | −£5.0m | −£4.7m | £2.8m | £4.9m | £2.8m |
| Net income | −£3.5m | −£3.1m | £1.6m | −£6.5m | −£9.2m | −£11.7m | −£16.9m | −£473,000 |
| Diluted earnings per share | -0.05 | -0.04 | 0.02 | -0.09 | -0.12 | -0.16 | -0.23 | -0.01 |
| Cash from operations | £6.0m | £6.0m | £8.0m | £5.0m | £11.0m | £5.0m | −£4.0m | −£11.0m |
| Total assets | £154.1m | £172.2m | £164.5m | £191.2m | £201.7m | £255.7m | £251.9m | £322.6m |
| Cash and short-term investments | £33.4m | £31.2m | £30.1m | £29.3m | £31.9m | £33.8m | £39.5m | £43.0m |
| Debt | £1.2m | £4.1m | £1.6m | £7.7m | £13.7m | £32.5m | £31.2m | £20.4m |
| Shareholders' equity | £59.6m | £64.7m | £71.5m | £67.3m | £76.8m | £88.8m | £98.7m | £127.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -17.5% | -10.2% | -6.8% |
| Operating income | — | — | -17.6% |
| Net income | -27.6% | -8.1% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -0.5% | -2.6% | -2.1% | -0.9% |
| Net margin | -2.6% | -4.5% | -3.2% | -1.3% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -6.8 | -10.8 | -1.7 | -2.3 | 25.1 | -10.9 | 13.5 | -3.9 | 5.3 | -26.9 |
| Price to sales | 0.2 | 0.2 | 0.1 | 0.1 | 0.2 | 0.3 | 0.5 | 0.1 | 0.1 | 0.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 24 Dec 2019.
| FY2020 | FY2019 | FY2018 | FY2017 | FY2015 | FY2014 | FY2013 | FY2012 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.052 | 0.072 | 0.056 | 0.015 | 0.178 | 0.178 | 0.176 | 0.15 |
- 4-for-1 split · 9 Aug 2004
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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