Financial Highlights

P&L Summary

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H1          Full Year
2015
£000
2016
£000
2017
£000
2018
£000
2019
£000
  2014
£000
2015
£000
2016
£000
Restated*
2017
£000
2018
£000
Revenue 7,479 9,052 10,278 10,475 11,669   13,429 16,321 18,319 21,071 22,705
Operating Expenses (6,585) (7,853) (9,690) (9,096) (10,007)   (11,621) (13,816) (17,066) (18,654) (18,653)
Adjusted EBITDA 894 1,199 588 1,379 1,662   1,808 2,505 1,253 2,417 4,052
Depreciation and Amortisation (612) (502) (788) (839) (985)   (1,123) (1,172) (1,203) (1,590) (1,670)
Profit/(Loss) before Non-recurring (costs)/income 282 697 (200) 540 677   685 1,333 50 827 2,382
Non-recurring (costs)/income 0 (126) (426) (373) (84)   (123) (1,426) 619 (443) (539)
Profit/(Loss) after Non-recurring (costs)/income 282 571 (626) 167 593   562 (93) 669 384 1,843

Balance Sheet & Cash Generation

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H1          Full Year
2015
£000
2016
£000
2017
£000
2018
£000
2019
£000
  2014
£000
2015
£000
2016
£000
Restated*
2017
£000
2018
£000
Assets Non current assets 12,888 15,283 18,878 17,719 20,678   13,276 13,074 18,928 18,132 17,711
Current assets (excl. cash) 6,393 7,416 6,760 8,370 7,758   4,938 5,567 7,825 10,766 8,857
Cash 1,600 4,755 1,165 3,739 6,039   1,676 2,183 4,189 3,064 3,572
Total assets 20,881 27,454 26,803 29,828 34,475   19,890 20,824 30,942 31,962 30,140
Equity & Liabilities Overdraft (1,540) - - - -   - - - - -
  Current liabilities (excl. overdraft) (9,550) (10,851) (10,212) (12,622) (12,782)   (10,309) (9,830) (13,170) (14,138) (11,228)
  Non-current liabilities (4,387) (5,111) (4,485) (1,746) (4,761)   (4,162) (4,381) (4,988) (4,051) (2,517)
  Equity (5,404) (11,492) (12,106) (15,460) (16,932)   (5,419) (6,613) (12,784) (13,773) (16,395)
  Total equity and liabilities (20,881) (27,454) (26,803) (29,828) (34,475)   (19,890) (20,824) (30,942) (31,962) (30,140)
  Deferred Income (incl. in current liabilities) 6,415 6,897 6,598 10,155 (9,323)   6,811 7,107 9,092 10,967 8,625
  Cash (used in)/generated from operations (1,160) (1,558) (1,430) 1,082 2,976   447 2,385 647 1,532 1,772

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