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 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
| 12m to Dec | 12m to Dec | 12m to Dec | 12m to Dec | 12m to Dec | 12m to Dec | |
| Results £’000 | (as reported) | (restated) | (as reported) | (as reported) | (as reported) | (restated) |
| Revenue | ||||||
| Software | 25,398 | 22,220 | 19,996 | 17,795 | 15,260 | 15,172 |
| Discontinued operations | – | – | – | – | 1,400 | 1,312 |
| Operating Profit before amortisation of intangible assets and exceptional items | ||||||
| Software | 5,400 | 4,479 | 3,396 | 2,225 | 1,621 | 1,416 |
| Continuing operations | 5,400 | 4,479 | 3,396 | 2,225 | 1,621 | 1,416 |
| Amortisation of intangible assets | (1,445) | (1,124) | (1,035) | (631) | (495) | (372) |
| Exceptionals | (143) | (689) | – | – | – | (138) |
| Operating profit/(loss) | 3,812 | 2,666 | 2,361 | 1,594 | 1,126 | 906 |
| Finance expenses | (339) | (272) | (107) | (90) | (120) | (220) |
| Profit/(loss) before taxation | 3,473 | 2,394 | 2,254 | 1,504 | 1,006 | 686 |
| Taxation | (772) | (598) | (357) | (261) | (204) | (173) |
| Profit/(loss) after taxation | 2,701 | 1,796 | 1,897 | 1,243 | 802 | 513 |
| Adjusted EBITDA (continuing operations) | 6,302 | 5,257 | 3,643 | 2,753 | 1,795 | 1,603 |
| Operating cash flow | 6,669 | 5,017 | 4,167 | 2,422 | 1,640 | (353) |
| Non-current assets | 25,740 | 26,773 | 15,964 | 15,658 | 12,565 | 12,829 |
| Working capital | 5,066 | 4,814 | (4,867) | (4,005) | (3,646) | (3,799) |
| Net bank borrowings / (cash) | (1,101) | 1,814 | (1,031) | (1,304) | (803) | (2,035) |
| Shareholders equity / (deficit) | 17,924 | 15,479 | 11,486 | 9,716 | 7,893 | 6,722 |
| Ratios | ||||||
| Net borrowings / (cash) % shareholders equity | 6% | 12% | 9% | 13% | 10% | 30% |
| Current assets/current liabilities | 0.98 | 0.87 | 0.82 | 0.70 | 0.62 | 0.57 |
| per Ordinary Share (pence) | ||||||
| Basic earnings per share (continuing operations) | 3.3 | 2.3 | 2.5 | 1.7 | 1.1 | 0.8 |
| Net assets / (deficit) per share | 21.8 | 18.9 | 14.8 | 12.6 | 9.4 | 10.1 |
| Dividends per share | 0.7 | 0.68 | 0.60 | 0.40 | – | – |