Financial Highlights

P&L Summary

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H1          Full Year
2017
£000
2018
£000
2019
£000
2020
£000
2021
£000
  2016
£000
Restated*
2017
£000
2018
£000
2019
£000
2020
£000
Revenue 10,278 10,475 11,669 14,047 19,826   18,319 21,071 22,705 25,717 28,217
Operating Expenses (9,690) (9,096) (10,007) (11,052) (15,665)   (17,066) (18,654) (18,653) (20,853) (22,298)
Adjusted EBITDA 588 1,379 1,662 2,995 4,161   1,253 2,417 4,052 4,864 5,919
Depreciation, Amortisation and Impairment (788) (839) (985) (990) (1,423)   (1,203) (1,590) (1,670) (5,215) (2,110)
Profit/(Loss) before Non-recurring (costs)/income (200) 540 677 2,005 2,738   50 827 2,382 (351) 3,809
Non-recurring (costs)/income (426) (373) (84) (49) (817)   619 (443) (539) (302) (606)
Profit/(Loss) after Non-recurring (costs)/income (626) 167 593 1,956 1,921   669 384 1,843 (653) 3,203

Balance Sheet & Cash Generation

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H1          Full Year
2017
£000
2018
£000
2019
£000
2020
£000
2021
£000
  2016
£000
Restated*
2017
£000
2018
£000
2019
£000
2020
£000
Assets Non current assets 18,878 17,719 20,678 20,521 45,950   18,928 18,132 17,711 20,685 20,131
Current assets (excl. cash) 6,760 8,370 7,758 9,258 12,994   7,825 10,766 8,857 8,154 6,908
Cash 1,165 3,739 6,039 9,132 17,850   4,189 3,064 3,572 5,957 26,724
Total assets 26,803 29,828 34,475 38,911 76,794   30,942 31,962 30,140 34,796 53,763
Equity & Liabilities Overdraft - - - - -   - - - - -
  Current liabilities (excl. overdraft) (10,212) (12,622) (12,782) (15,029) (26,747)   (13,170) (14,138) (11,228) (13,380) (13,802)
  Non-current liabilities (4,485) (1,746) (4,761) (7,241) (7,535)   (4,988) (4,051) (2,517) (4,617) (6,725)
  Equity (12,106) (15,460) (16,932) (16,641) (42,512)   (12,784) (13,773) (16,395) (16,799) (33,236)
  Total equity and liabilities (26,803) (29,828) (34,475) (38,911) (76,794)   (30,942) (31,962) (30,140) (34,796) (53,763)
  Deferred Income (incl. in current liabilities) 6,598 10,155 9,323 11,048 14,243   9,092 10,967 8,625 8,942 9,878
  Cash (used in)/generated from operations (1,430) 1,082 2,976 2,765 4,082   647 1,532 1,772 5,646 7,368

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