Financials

Preliminary Results 2020/21

Group Revenue

£35.6m

(FY20: £30.3m)

Adjusted PBT*

£4.8m

(FY20: £2.6m)

Group Cash

£23.0m

(FY20: £14.9m)

Highlights Metrics Results

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Results highlights

Group Revenue

£35.6m

Headline revenue of £35.6m (FY20: £30.3m), up 17.6% (up 19.9% on a constant currency basis)

Adjusted PBT*

£4.8m

Adjusted Profit Before Tax* up 89.4% at £4.8m (FY20: £2.6m)

Annual Recurring Revenue

£7.4m

Improved quality of earnings, with Annual Recurring Revenue (‘ARR’) of £7.4m (FY20: £6.8m) with new ARR additions of £1.3m (FY20: £1.0m)

Net Cash

£23.0m

Continued cash generation, with £23.0m in net cash (FY20: £14.9m) and operating cashflow of £14.5m (FY20: £7.0m - Restated)

Download Prelim Results

CFO comment

The Group is pleased to report a strong full year performance in 2020/21 and a return to form following last year’s pandemic-impacted trading. The business has demonstrated its resilience during the period and signs of accelerating market trends commented on last year are now being realised. Furthermore, we have emerged from the challenges over the past 18 months with an even stronger financial platform to fund organic growth and expedite potential acquisition opportunities.

Without exception, the key financial metrics of the business have improved with the Group reporting revenue of £35.6m (FY20: £30.3m), a statutory PBT of £3.2m (FY20: £1.6m), an Adjusted PBT* of £4.8m (FY20: £2.6m), cash generated from operating activities £14.5m (FY20: £7.0m - Restated) and a cash position of £23.0m (FY20: £14.9m). We also continued to enhance the quality of our earnings by increasing our Annual Recurring Revenue (‘ARR’) to £7.4m (FY20: £6.8m).

We have emerged from the challenges over the past 18 months with an even stronger financial platform to fund organic growth and expedite potential acquisition opportunities.

David Deacon CFO

Financial metrics

Revenues (£'000)
(continuing operations)

Adjusted PBT* (£'000)
(continuing operations)

Recurring Revenues (£'000)

Cash Generation after Tax (£'000)

Trend
Average

Investor metrics

EPS** (p)

Ordinary Dividends paid (p)

EV/EBITDA Multiple

Annual TSR*** (%)

Trend
Average
CAGR

*Profit Before Tax before Group recharges adjusted for share-based payments, amortisation and impairment of intangibles arising on acquisition, fair value adjustments to IMeasureU purchase consideration, impairment of Pimloc investment and exceptional costs.

**Earnings Per Share (EPS).

***Total Shareholder Return (TSR) Cumulative
Growth Rate (CAGR) of 21% over the period.

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