2020 Financial highlights

Revenue (*)

£000

£95.1m

 

 

Gross Profit (*)

£000

£32.6m

 

 

Working Capital as a % of Total Revenue £000

23.9%

 

 

Opertaing Loss/Profit

£000

£(1.4)m

Net Debt (*)

£million(†)

£11.6m

Net Cash form Operating Activities £000

£10.1m

† Net Debt excludes lease liabilities under IFRS 16

 

2020 Financial & Operational Highlights

  • Revenue reduction restricted to 15.4% full year, largely caused by COVID-19, with improving trend since April 2020.
  • Targeted operational cost savings achieved.
  • Generated £10.1m net cash from operating activities driven by effective management of working capital.
  • Net Debt reduced by £5.0m.
  • Ongoing investment in e-business platform to deliver future organic growth.
  • Multi-disciplinary Management Board established.