Our financial strategy focuses on strong balance sheet and cash generation.

We ensure prudent investment in our products and services in line with the prevailing market conditions.

Financial performance 2020 2019 2018 2017 2016 2015
12m to Dec 12m to Dec 12m to Dec 12m to Dec 12m to Dec 12m to Dec
Results £’000 (as reported) (as reported) (restated) (as reported) (as reported) (as reported)
Revenue
Software 25,232 25,398 22,220 19,996 17,795 15,260
Discontinued operations 1,400
Operating Profit before amortisation of intangible assets and exceptional items
Software 6,137 5,400 4,479 3,396 2,225 1,621
Continuing operations 6,137 5,400 4,479 3,396 2,225 1,621
Amortisation of intangible assets (1,658) (1,445) (1,124) (1,035) (631) (495)
Exceptionals (328) (143) (689)
Operating profit/(loss) 4,151 3,812 2,666 2,361 1,594 1,126
Finance expenses (262) (339) (272) (107) (90) (120)
Profit/(loss) before taxation 3,889 3,473 2,394 2,254 1,504 1,006
Taxation (726) (772) (598) (357) (261) (204)
Profit/(loss) after taxation 3,163 2,701 1,796 1,897 1,243 802
Adjusted EBITDA (continuing operations) 7,003 6,302 5,257 3,643 2,753 1,795
Operating cash flow 8,138 6,669 5,017 4,167 2,422 1,640
Non-current assets 25,901 25,740 26,773 15,964 15,658 12,565
Working capital 6,606 5,066 4,814 (4,867) (4,005) (3,646)
Net bank borrowings / (cash) (6,154) (1,101) 1,814 (1,031) (1,304) (803)
Shareholders equity / (deficit) 21,524 17,924 15,479 11,486 9,716 7,893
Ratios
Net borrowings / (cash) % shareholders equity 29% 6% 12% 9% 13% 10%
Current assets/current liabilities 1.14 0.98 0.87 0.82 0.70 0.62
per Ordinary Share (pence)
Basic earnings per share (continuing operations) 3.9p 3.3p 2.3p 2.5p 1.7p 1.1p
Net assets / (deficit) per share 26.1p 21.8p 18.9p 14.8p 12.6p 9.4p
Dividends per share 0.4p 0.3p 0.68p 0.60p 0.40p