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15.00p
-0.66%
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
£279.8m
FY2016FY2025
Net income
−£8.4m
FY2016FY2025
Free cash flow
−£14.2m
FY2016FY2025
Shareholders' equity
£125.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £279.8m | £362.4m | £413.2m | £407.1m | £430.2m | £354.1m | £374.8m | £363.1m | £301.9m | £267.0m |
| Gross profit | £19.4m | £33.8m | £34.9m | £67.1m | £84.8m | £75.9m | £80.8m | £72.4m | £63.5m | £53.8m |
| Operating income | −£8.9m | £3.6m | −£38.0m | £33.8m | £57.3m | £51.6m | £56.4m | £49.6m | £42.7m | £37.9m |
| Net income | −£8.4m | £1.9m | −£32.5m | £13.4m | £41.9m | £21.1m | £40.3m | £44.2m | £35.8m | £4.2m |
| Diluted earnings per share | -0.03 | 0.01 | -0.13 | 0.05 | 0.16 | 0.08 | 0.16 | 0.47 | 0.26 | 0.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £312.4m | £331.9m | £371.5m | £387.0m | £430.6m | £459.9m | £432.0m | £289.5m | £251.5m | £218.0m |
| Cash and short-term investments | £80.4m | £96.9m | £72.6m | £110.8m | £136.3m | £134.5m | £116.2m | £107.3m | £66.2m | £48.2m |
| Total liabilities | £187.4m | £199.3m | £241.5m | £210.0m | £245.8m | £292.1m | £270.9m | £136.5m | £125.3m | £115.2m |
| Debt | £43.6m | £54.4m | £73.7m | £77.4m | £141.2m | £174.1m | £176.3m | £26.5m | £24.3m | £15.0m |
| Shareholders' equity | £125.0m | £132.6m | £130.0m | £177.0m | £184.8m | £167.8m | £161.1m | £153.0m | £126.2m | £102.7m |
| Shares outstanding | 257m | 257m | 256m | 257m | 256m | 256m | 256m | 93m | 137m | 122m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −£14.1m | £30.2m | −£31.5m | −£26.9m | £61.5m | £38.3m | £17.6m | £54.4m | £19.2m | £15.1m |
| Capital spending | −£129,000 | −£120,000 | −£550,000 | −£660,000 | −£208,000 | −£317,000 | −£361,000 | −£298,000 | −£336,000 | −£150,000 |
| Free cash flow | −£14.2m | £30.1m | −£32.0m | −£27.5m | £61.3m | £38.0m | £17.2m | £54.1m | £18.9m | £15.0m |
| Dividends paid | — | — | −£15.1m | −£21.8m | −£25.5m | −£14.3m | −£20.1m | −£17.5m | −£12.4m | −£13.4m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Mar 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £100.2m | £150.7m | £129.2m | £187.3m | £175.1m | £259.4m | £153.9m | £76.9m |
| Gross profit | £9.1m | £5.3m | £14.1m | £15.1m | £18.4m | £18.5m | £15.8m | £8.0m |
| Operating income | −£4.5m | −£9.3m | £422,000 | £304,000 | £4.0m | −£1.6m | £1.8m | £54,000 |
| Net income | −£888,000 | −£7.7m | −£689,000 | £307,000 | £1.6m | −£32.0m | −£593,000 | −£296,000 |
| Diluted earnings per share | -0.00 | -0.03 | -0.00 | 0.00 | 0.01 | -0.12 | -0.00 | -0.00 |
| Cash from operations | −£6.0m | −£7.0m | −£6.0m | £28.0m | £1.0m | −£7.0m | −£23.0m | — |
| Total assets | £289.7m | £312.4m | £322.9m | £331.9m | £343.6m | £371.5m | £380.8m | — |
| Cash and short-term investments | £67.1m | £80.4m | £86.8m | £96.9m | £67.1m | £72.4m | £83.3m | — |
| Debt | £12.6m | £18.2m | £21.2m | £21.3m | £29.4m | £36.1m | £44.8m | — |
| Shareholders' equity | £124.7m | £125.0m | £132.6m | £132.6m | £132.0m | £130.0m | £165.0m | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -11.7% | -4.6% | 1.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 8.3% | 10.6% | 14.1% | 16.6% |
| Operating margin | -0.8% | -0.7% | 4.4% | 8.4% |
| Net margin | -1.0% | -1.8% | 1.7% | 4.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -9.0 | 27.1 | -4.6 | 11.6 | 9.7 | 13.5 | 9.3 | 2.6 | 5.1 | 20.7 |
| Price to sales | 0.3 | 0.1 | 0.4 | 0.4 | 0.9 | 0.8 | 1.0 | 0.3 | 0.6 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 8 Jun 2023.
| FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.059 | 0.085 | 0.10 | 0.056 | 0.079 | 0.069 | 0.049 | 0.013 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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