Financial Highlights

P&L Summary

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H1          Full Year
2017
£000
2018
£000
2019
£000
2020
£000
2021
£000
2022
£000
  Restated*
2017
£000
2018
£000
2019
£000
2020
£000
2021
£000
Revenue 10,278 10,475 11,669 14,047 19,826 27,604   21,071 22,705 25,717 28,217 46,017
Operating Expenses (9,690) (9,096) (10,007) (11,052) (15,665) (23,104)   (18,654) (18,653) (20,853) (22,298) (37,767)
Adjusted EBITDA 588 1,379 1,662 2,995 4,161 4,500   2,417 4,052 4,864 5,919 8,250
Depreciation, Amortisation and Impairment (788) (839) (985) (990) (1,423) (2,163)   (1,590) (1,670) (5,215) (2,110) (3,671)
Profit/(Loss) before Non-recurring (costs)/income (200) 540 677 2,005 2,738 2,337   827 2,382 (351) 3,809 4,579
Non-recurring (costs)/income (426) (373) (84) (49) (817) (769)   (443) (539) (302) (606) (481)
Profit/(Loss) after Non-recurring (costs)/income (626) 167 593 1,956 1,921 1,568   384 1,843 (653) 3,203 4,098

Balance Sheet & Cash Generation

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H1          Full Year
2017
£000
2018
£000
2019
£000
2020
£000
2021
£000
2022
£000
  Restated*
2017
£000
2018
£000
2019
£000
2020
£000
2021
£000
Assets Non current assets 18,878 17,719 20,678 20,521 45,950 60,544   18,132 17,711 20,685 20,131 61,065
Current assets (excl. cash) 6,760 8,370 7,758 9,258 12,994 15,389   10,766 8,857 8,154 6,908 15,090
Cash 1,165 3,739 6,039 9,132 17,850 10,280   3,064 3,572 5,957 26,724 15,021
Total assets 26,803 29,828 34,475 38,911 76,794 86,213   31,962 30,140 34,796 53,763 91,176
Equity & Liabilities Overdraft - - - - - -   - - - - -
  Current liabilities (excl. overdraft) (10,212) (12,622) (12,782) (15,029) (26,747) (30,632)   (14,138) (11,228) (13,380) (13,802) (32,347)
  Non-current liabilities (4,485) (1,746) (4,761) (7,241) (7,535) (5,181)   (4,051) (2,517) (4,617) (6,725) (11,528)
  Equity (12,106) (15,460) (16,932) (16,641) (42,512) (50,400)   (13,773) (16,395) (16,799) (33,236) (47,301)
  Total equity and liabilities (26,803) (29,828) (34,475) (38,911) (76,794) (86,213)   (31,962) (30,140) (34,796) (53,763) (91,176)
  Deferred Income (incl. in current liabilities) 6,598 10,155 9,323 11,048 14,243 17,672   10,967 8,625 8,942 9,878 18,935
  Cash (used in)/generated from operations (1,430) 1,082 2,976 2,765 4,082 1,831   1,532 1,772 5,646 7,368 10,343

*Numbers restated to reflect the adoption of IFRS 15 - Revenue from Contracts with Customers