Financial Highlights
P&L Summary
| 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 |
2022 £000 |
||
| Revenue | 10,278 | 10,475 | 11,669 | 14,047 | 19,826 | 27,604 | 21,071 | 22,705 | 25,717 | 28,217 | 46,017 | 58,880 | |
| Operating Expenses | (9,690) | (9,096) | (10,007) | (11,052) | (15,665) | (23,104) | (18,654) | (18,653) | (20,853) | (22,298) | (37,767) | (48,017) | |
| Adjusted EBITDA | 588 | 1,379 | 1,662 | 2,995 | 4,161 | 4,500 | 2,417 | 4,052 | 4,864 | 5,919 | 8,250 | 10,863 | |
| Depreciation, Amortisation and Impairment | (788) | (839) | (985) | (990) | (1,423) | (2,163) | (1,590) | (1,670) | (5,215) | (2,110) | (3,671) | (4,463) | |
| Profit/(Loss) before Non-recurring (costs)/income | (200) | 540 | 677 | 2,005 | 2,738 | 2,337 | 827 | 2,382 | (351) | 3,809 | 4,579 | 6,400 | |
| Non-recurring (costs)/income | (426) | (373) | (84) | (49) | (817) | (769) | (443) | (539) | (302) | (606) | (481) | (807) | |
| Profit/(Loss) after Non-recurring (costs)/income | (626) | 167 | 593 | 1,956 | 1,921 | 1,568 | 384 | 1,843 | (653) | 3,203 | 4,098 | 5,593 | |
Balance Sheet & Cash Generation
| 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 |
2022 £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 | 60,271 | |
| 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 | 18,474 | ||
| Cash | 1,165 | 3,739 | 6,039 | 9,132 | 17,850 | 10,280 | 3,064 | 3,572 | 5,957 | 26,724 | 15,021 | 13,964 | ||
| Total assets | 26,803 | 29,828 | 34,475 | 38,911 | 76,794 | 86,213 | 31,962 | 30,140 | 34,796 | 53,763 | 91,176 | 92,709 | ||
| 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) | (32,902) | ||
| 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) | (4,450) | ||
| Equity | (12,106) | (15,460) | (16,932) | (16,641) | (42,512) | (50,400) | (13,773) | (16,395) | (16,799) | (33,236) | (47,301) | (53,357) | ||
| 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) | (92,709) | ||
| 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 | 22,745 | ||
| 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 | 9,857 | ||
*Numbers restated to reflect the adoption of IFRS 15 - Revenue from Contracts with Customers