M 
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
£10.7m
FY2016FY2025
Net income
£1.6m
FY2016FY2025
Free cash flow
£2.2m
FY2016FY2025
Shareholders' equity
£6.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £10.7m | £10.8m | £9.3m | £9.3m | £9.5m | £6.4m | £6.4m | £5.8m | £5.4m | £5.6m |
| Gross profit | £9.1m | £9.1m | £7.7m | £7.7m | £8.2m | £5.0m | £4.9m | £4.3m | £4.1m | £4.1m |
| Operating income | £1.7m | £2.3m | £2.1m | £2.5m | £3.2m | £1.3m | £1.5m | £1.4m | £1.3m | £1.3m |
| Net income | £1.6m | £1.8m | £1.7m | £2.0m | £2.5m | £1.2m | £1.3m | £1.2m | £1.1m | £1.1m |
| Diluted earnings per share | 0.12 | 0.14 | 0.13 | 0.15 | 0.19 | 0.09 | 0.10 | 0.09 | 0.09 | 0.09 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £8.6m | £9.2m | £9.3m | £8.9m | £8.9m | £8.0m | £6.7m | £5.5m | £6.3m | £6.0m |
| Cash and short-term investments | £3.9m | £4.1m | £4.5m | £5.3m | £5.0m | £4.7m | £3.6m | £2.9m | £3.6m | £3.0m |
| Total liabilities | £1.8m | £2.4m | £2.7m | £2.5m | £2.5m | £2.5m | £1.6m | £868,000 | £656,000 | £540,000 |
| Debt | £383,000 | £772,000 | £940,000 | £633,000 | £871,000 | £723,000 | £294,000 | — | — | — |
| Shareholders' equity | £6.8m | £6.8m | £6.6m | £6.3m | £6.3m | £5.3m | £5.0m | £4.7m | £5.7m | £5.5m |
| Shares outstanding | 13m | 13m | 13m | 13m | 13m | 13m | 13m | 13m | 13m | 13m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £2.3m | £1.7m | £1.4m | £2.8m | £2.6m | £2.4m | £2.0m | £1.7m | £1.7m | £1.1m |
| Capital spending | −£127,000 | −£70,000 | −£264,000 | −£142,000 | −£226,000 | −£224,000 | −£179,000 | −£70,000 | −£23,000 | −£128,000 |
| Free cash flow | £2.2m | £1.6m | £1.1m | £2.7m | £2.3m | £2.2m | £1.8m | £1.6m | £1.7m | £988,000 |
| Dividends paid | −£1.7m | −£1.5m | −£1.5m | −£1.9m | −£1.6m | −£889,000 | −£968,000 | −£942,000 | −£917,000 | −£1.1m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £4.7m | £5.5m | £5.2m | £5.7m | £5.1m | £5.0m | £4.3m | £5.0m |
| Gross profit | £4.0m | £4.7m | £4.4m | £4.9m | £4.3m | £4.2m | £3.5m | £4.2m |
| Operating income | £835,000 | £916,000 | £770,000 | £1.3m | £990,000 | £1.3m | £795,000 | £1.4m |
| Net income | £574,000 | £1.0m | £615,000 | £997,000 | £759,000 | £1.1m | £559,000 | £1.2m |
| Diluted earnings per share | 0.04 | 0.08 | 0.05 | 0.08 | 0.06 | 0.09 | 0.04 | 0.09 |
| Cash from operations | £1.0m | £1.0m | £1.0m | £1.0m | — | £1.0m | — | £2.0m |
| Total assets | £9.5m | £8.6m | £9.4m | £9.2m | £9.0m | £9.3m | £8.2m | £8.9m |
| Cash and short-term investments | £3.7m | £3.9m | £3.9m | £4.1m | £4.1m | £4.5m | £4.2m | £5.3m |
| Debt | — | £108,000 | £139,000 | £134,000 | £130,000 | £346,000 | £556,000 | £200,000 |
| Shareholders' equity | £6.5m | £6.8m | £6.6m | £6.8m | £6.6m | £6.6m | £6.3m | £6.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 4.9% | 10.9% | 6.2% |
| Operating income | -11.9% | 4.6% | -0.7% |
| Net income | -5.8% | 6.9% | 0.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 84.6% | 83.8% | 83.5% | 80.4% |
| Operating margin | 18.4% | 21.3% | 23.4% | 24.1% |
| Net margin | 15.7% | 17.5% | 19.1% | 19.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 15.1 | 14.3 | 11.3 | 10.4 | 10.1 | 15.5 | 12.9 | 12.4 | 12.1 | 11.3 |
| Price to sales | 2.3 | 2.3 | 2.0 | 2.2 | 2.7 | 2.8 | 2.6 | 2.5 | 2.5 | 2.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 16 years. Last went ex-dividend on 22 Jan 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.033 | 0.132 | 0.12 | 0.116 | 0.119 | 0.079 | 0.07 | 0.076 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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