W 
356.20p
+1.08%
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
£181.4m
FY2017FY2026
Net income
−£120.3m
FY2017FY2026
Free cash flow
£60.2m
FY2017FY2026
Shareholders' equity
£1.33bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £181.4m | £185.2m | £184.3m | £174.2m | £132.9m | £142.3m | £161.4m | £149.4m | £128.9m | £108.9m |
| Gross profit | £109.8m | £122.1m | £126.2m | £116.6m | £86.7m | £81.5m | £122.0m | £111.0m | £95.6m | £79.3m |
| Operating income | £91.7m | £37.4m | −£157.9m | £95.1m | £67.4m | £62.5m | £104.3m | £93.9m | £79.5m | £66.8m |
| Net income | −£120.3m | £5.4m | −£192.5m | −£37.8m | £123.9m | −£235.7m | £72.1m | £137.3m | £171.4m | £88.7m |
| Diluted earnings per share | -0.63 | 0.03 | -1.00 | -0.20 | 0.65 | -1.30 | 0.40 | 0.76 | 0.98 | 0.54 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £2.21bn | £2.47bn | £2.53bn | £2.84bn | £2.51bn | £2.59bn | £2.74bn | £2.68bn | £2.34bn | £1.90bn |
| Cash and short-term investments | £10.5m | £25.3m | £11.6m | £18.5m | £49.0m | £191.0m | £79.2m | £26.7m | £18.0m | £6.5m |
| Total liabilities | £881.9m | £968.3m | £982.5m | £1.05bn | £712.3m | £874.1m | £737.5m | £700.2m | £626.3m | £318.6m |
| Debt | £793.1m | £876.0m | £889.5m | £943.6m | £626.5m | £779.1m | £654.4m | £623.2m | £550.8m | £265.5m |
| Shareholders' equity | £1.33bn | £1.50bn | £1.55bn | £1.79bn | £1.80bn | £1.72bn | £2.00bn | £1.98bn | £1.71bn | £1.58bn |
| Shares outstanding | 192m | 193m | 193m | 192m | 191m | 181m | 181m | 182m | 175m | 165m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £60.8m | £76.6m | £53.9m | £78.8m | £57.9m | £38.4m | £84.7m | £76.1m | £74.2m | £53.4m |
| Capital spending | −£600,000 | −£61.1m | −£1.2m | −£60.1m | −£31.0m | −£26.0m | −£62.9m | −£2.1m | −£2.1m | −£2.2m |
| Free cash flow | £60.2m | £15.5m | £52.7m | £18.7m | £26.9m | £12.4m | £21.8m | £74.0m | £72.1m | £51.2m |
| Dividends paid | −£54.6m | −£56.3m | −£50.7m | −£43.5m | −£43.3m | −£46.3m | −£61.0m | −£52.1m | −£37.4m | −£27.4m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £91.3m | £90.1m | £92.8m | £92.4m | £93.6m | £90.7m | £45.4m | £91.9m |
| Gross profit | £53.3m | £56.5m | £58.4m | £60.5m | £65.2m | £59.9m | £30.5m | £59.2m |
| Operating income | £44.7m | £47.0m | £50.7m | £25.6m | −£28.3m | £48.9m | £15.3m | £50.4m |
| Net income | −£49.2m | −£71.1m | −£4.8m | £10.2m | −£44.6m | −£147.9m | −£74.0m | −£73.6m |
| Diluted earnings per share | -0.26 | -0.37 | -0.02 | 0.05 | -0.23 | -0.77 | -0.39 | -0.38 |
| Cash from operations | £35.0m | £26.0m | £44.0m | £32.0m | £42.0m | £11.0m | — | £48.0m |
| Capital spending | — | — | −£1.0m | −£1.0m | — | — | — | −£2.0m |
| Free cash flow | — | — | £43.0m | £31.0m | — | — | — | £46.0m |
| Total assets | £2.21bn | £2.35bn | £2.47bn | £2.51bn | £2.53bn | £2.61bn | £2.61bn | £2.84bn |
| Cash and short-term investments | £10.5m | £1.3m | £25.3m | £9.0m | £11.6m | £4.0m | £10.3m | £12.0m |
| Debt | £757.0m | £829.6m | £841.3m | £855.4m | £940.4m | £880.4m | £902.0m | £908.9m |
| Shareholders' equity | £1.33bn | £1.40bn | £1.50bn | £1.52bn | £1.55bn | £1.61bn | £1.61bn | £1.79bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 1.4% | 5.0% | 5.6% |
| Operating income | -1.2% | 8.0% | -0.2% |
| Net income | 47.1% | -12.6% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 63.3% | 65.5% | 64.3% | 68.3% |
| Operating margin | 35.2% | 9.1% | 19.6% | 38.3% |
| Net margin | -31.3% | -47.6% | -45.7% | 24.3% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -5.6 | 143.0 | -4.9 | -28.8 | 6.9 | -6.2 | 19.3 | 15.7 | 8.1 | 18.6 |
| Price to sales | 3.7 | 4.2 | 5.2 | 6.3 | 6.4 | 10.3 | 8.6 | 14.4 | 10.8 | 15.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 32 years. Last went ex-dividend on 2 Jul 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.167 | 0.284 | 0.284 | 0.264 | 0.229 | 0.318 | 0.245 | 0.339 |
- 10-to-1 reverse split · 8 Aug 2011
- 10-for-1 split · 17 Mar 2005
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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