Financial and Operational Summary

 

  Year ended 31 December 2024 Year ended 31 December 2023 Year ended 31 December 2022 Year ended 31 December 2021 Year ended 31 December 2020
Revenue                                                     
£'000
91,212 102,743 110,820 106,018 87,854
Revenue at constant currency               
£'000
92,555 102,743      
           
Headline Pre-Tax Profit                           
£'000
1,066 3,033 8,004 7,195 1,391
Headline basic EPS                                 
pence
8.04 21.36 46.59 38.85 4.96
Pre-Tax Margin                                               
%
0.1 (8.3) 6.3 5.6 (0.3)
           
Cash generated from operations          
£'000
2,091 10,781 1,646 8,683 8,722
Free cash flow                                           
£'000
(3,691) 4,388 (7,860) 21 2,376
           
(Net Debt)/Cash                                       
£'000
(12,103) (7,920) (10,089) 665 667
Gearing(1)                                                         
%
21.8 14.4 15.5
Return on Capital Employed (ROCE)(2)           
%
3.2 (10.4) 10.2 8.8 0.7
           
Inventory                                                   
£'000
38,234 35,956 41,117 29,224 27,313
           
Shareholders' Funds                               
£'000
55,562 54,990 66,683 61,947 55,709
           
Dividends paid and proposed per share
pence
1.50 5.5 15.5 13.0 0
Dividends paid in the year                     
£'000
482 2,133 2,269 - -
Dividend Cover(3) 1.67 3.19 2.61 1.81 -
           
Share Count (Shares in Issue)                       
#
14,204,087 14,204,087 14,204,087 14,204,087 14,204,087
Employees at year end                                   
#
659 783 857 896 818

(1) Gearing is the net debt held by the Group divided by total equity. Net debt is cash and cash equivalents less borrowings (note 24 of the Annual Report and Accounts 2024). This measure shows the extent to which debt finances the operations of a company.

(2) Return on capital employed is statutory earnings before interest and tax (EBIT) divided by capital employed. Capital employed is total assets less current liabilities held by the Group. This measure demonstrates how well a company is generating profits from its capital as it is put to use. 

(3) Dividend cover shows how many times the Group's earnings cover its paid and proposed dividends and is calculated as earnings per share divided by dividend per share. Earnings per share excludes impairment charges to allow like-for-like comparison.