Financial Highlights

P&L Summary

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H1          Full Year
2014
£000
2015
£000
2016
£000
2017
£000
2018
£000
  2014
£000
2015
£000
2016
£000
Restated*
2017
£000
2018
£000
Revenue 5,701 7,479 9,052 10,278 10,475   13,429 16,321 18,319 21,071 22,705
Operating Expenses (5,604) (6,585) (7,853) (9,690) (9,096)   (11,621) (13,816) (17,066) (18,654) (18,653)
Adjusted EBITDA 97 894 1,199 588 1,379   1,808 2,505 1,253 2,417 4,052
Depreciation and Amortisation (554) (612) (502) (788) (839)   (1,123) (1,172) (1,203) (1,590) (1,670)
Profit/(Loss) before Non-recurring (costs)/income (457) 282 697 (200) 540   685 1,333 50 827 2,382
Non-recurring (costs)/income (38) 0 (126) (426) (373)   (123) (1,426) 619 (443) (539)
Profit/(Loss) after Non-recurring (costs)/income (495) 282 571 (626) 167   562 (93) 669 384 1,843

Balance Sheet & Cash Generation

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H1          Full Year
2014
£000
2015
£000
2016
£000
2017
£000
2018
£000
  2014
£000
2015
£000
2016
£000
Restated*
2017
£000
2018
£000
Assets Non current assets 13,421 12,888 15,283 18,878 17,626   13,276 13,074 18,928 18,132 17,711
Current assets (excl. cash) 3,290 6,393 7,416 6,760 8,370   4,938 5,567 7,825 10,766 8,857
Cash - 1,600 4,755 1,165 3,739   1,676 2,183 4,189 3,064 3,572
Total assets 16,711 20,881 27,454 26,803 29,735   19,890 20,824 30,942 31,962 30,140
Equity & Liabilities Overdraft (191) (1,540) - - -   - - - - -
  Current liabilities (excl. overdraft) (6,946) (9,550) (10,851) (10,212) (12,082)   (10,309) (9,830) (13,170) (14,138) (11,228)
  Non-current liabilities (5,067) (4,387) (5,111) (4,485) (1,746)   (4,162) (4,381) (4,988) (4,051) (2,517)
  Equity (4,507) (5,404) (11,492) (12,106) (15,912)   (5,419) (6,613) (12,784) (13,773) (16,395)
  Total equity and liabilities (16,711) (20,881) (27,454) (26,803) (29,735)   (19,890) (20,824) (30,942) (31,962) (30,140)
  Deferred Income (incl. in current liabilities) 4,801 6,415 6,897 6,598 9,558   6,811 7,107 9,092 10,967 8,625
  Cash (used in)/generated from operations (1,291) (1,160) (1,558) (1,430) 1,082   447 2,385 647 1,532 1,773

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