| 31-Jan-26 | 31-Jan-25 | 31-Jan-24 | 31-Jan-23 | 31-Jan-22 | 1st Interim | 3.20p | 3.20p | 3.20p | 3.00p | n/a | 2nd Interim | 4.25p | 3.20p | 3.20p | 3.00p | n/a | Final Dividend | 7.40p | 4.60p | 4.15p | 4.10p | n/a | Total Dividend | 19.10p | 14.20p | 13.75p | 13.10p | n/a |
|---|
| £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
| Income Statement | 31-Jan-26 | 31-Jan-25 | 31-Jan-24 | 31-Jan-23 | 31-Jan-22 |
| Turnover | 20.01 | 22.01 | 22.95 | 21.95 | 21.52 |
| Operating Profit/(Loss) | 18.65 | 20.96 | 21.18 | 20.32 | 19.91 |
| Net Interest | (0.74) | (0.83) | (0.76) | (0.60) | (0.57) |
| Profit Before Tax | 17.91 | 20.13 | 20.42 | 19.72 | 19.34 |
| Profit After Tax | 17.22 | 19.62 | 20.01 | 19.31 | 19.07 |
| Total Dividend Paid | n/a | n/a | n/a | n/a | n/a |
| Retained Profit/(Loss) for the Financial Year | 17.22 | 19.62 | 20.01 | 19.31 | 19.07 |
| Earnings per Share - Basic | 13.64p | 13.82p | 13.54p | 13.02p | 12.87p |
| Earnings per Share - Diluted | 13.64p | 13.82p | 13.54p | 13.02p | 12.87p |
| Earnings per Share - Adjusted | 13.64p | 13.82p | 13.54p | 13.02p | 12.87p |
| Dividend per Share | 19.10p | 14.20p | 13.75p | 13.10p | 12.90p |
| £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
| Balance Sheet | 31-Jan-26 | 31-Jan-25 | 31-Jan-24 | 31-Jan-23 | 31-Jan-22 |
| Fixed Assets | |||||
| Intangible Assets | n/a | n/a | n/a | n/a | n/a |
| Tangible Assets | n/a | n/a | n/a | n/a | n/a |
| Fixed Investments | 435.15 | 472.65 | 474.09 | 478.89 | 502.42 |
| 435.15 | 472.65 | 474.09 | 478.89 | 502.42 | |
| Current Assets | |||||
| Stocks | n/a | n/a | n/a | n/a | n/a |
| Debtors | 3.61 | 3.29 | 2.92 | 2.45 | 2.67 |
| Cash at Bank & in Hand | 4.78 | 2.33 | 12.87 | 12.27 | 2.86 |
| Other Current Assets | n/a | n/a | n/a | n/a | n/a |
| Other Assets | n/a | n/a | n/a | n/a | n/a |
| Total Assets | 443.53 | 478.27 | 489.88 | 493.61 | 507.95 |
| Liabilities | |||||
| Creditors: Amount Due Within 1 Year | 20.25 | 19.99 | 14.32 | 15.27 | 13.64 |
| Net Current Assets | (11.86) | (14.37) | 1.47 | (0.55) | n/a |
| Creditors: Amount Due Over 1 Year | 29.76 | 29.75 | 29.75 | 29.74 | 29.73 |
| Provisions for Liabilities & Charges | n/a | n/a | n/a | n/a | n/a |
| Other Liabilities | n/a | n/a | n/a | n/a | n/a |
| Total Liabilities | 50.01 | 49.74 | 44.06 | 45.01 | 43.37 |
| Net Assets | 393.53 | 428.53 | 445.82 | 448.61 | 464.58 |
| Capital & Reserves | |||||
| Called Up Share Capital | 38.42 | 38.42 | 38.42 | 38.42 | 38.42 |
| Share Premium Account | 4.91 | 4.91 | 4.91 | 4.91 | 4.62 |
| Other Reserves | 328.63 | 361.38 | 378.60 | 381.45 | 397.91 |
| Profit & Loss Account | 21.57 | 23.82 | 23.89 | 23.83 | 23.63 |
| Shareholders Funds | 393.53 | 428.53 | 445.82 | 448.61 | 464.58 |
| Minority Interests | n/a | n/a | n/a | n/a | n/a |
| Capital Employed | 393.53 | 428.53 | 445.82 | 448.61 | 464.58 |
| Cash Flow | 31-Jan-26 | 31-Jan-25 | 31-Jan-24 | 31-Jan-23 | 31-Jan-22 |
| Net Cash Flow From Operating Activities | 16.66 | 18.83 | 19.36 | 18.43 | 16.39 |
| Returns On Investment & Servicing of Finance | n/a | n/a | n/a | n/a | n/a |
| Taxation Paid | n/a | n/a | n/a | n/a | n/a |
| Capital Expenditure | 50.82 | 17.84 | 8.87 | 11.04 | 3.03 |
| Acquisitions & Disposals | n/a | n/a | n/a | n/a | n/a |
| Equity Dividends Paid | n/a | n/a | n/a | (19.11) | (18.95) |
| Management of Liquid Resources | n/a | n/a | n/a | n/a | n/a |
| Financing | (65.02) | (47.12) | (27.45) | (1.12) | (1.38) |
| Net Increase/Decrease In Cash | 2.46 | (10.46) | 0.79 | 9.24 | (0.90) |
| Ratios | 31-Jan-26 | 31-Jan-25 | 31-Jan-24 | 31-Jan-23 | 31-Jan-22 |
| PE Ratio | 22.6 | 20.6 | 20.4 | 22.6 | 24.1 |
| PEG | n/a | 10.3 | 5.1 | 22.6 | 1.3 |
| EPS Growth | -1% | 2% | 4% | 1% | 18% |
| Dividend Yield | 6.2% | 5.0% | 5.0% | 4.5% | 4.2% |
| Dividend Cover | 0.71 | 0.97 | 0.98 | 0.99 | 1.00 |
| Dividend per Share Growth | 34.51% | 3.27% | 4.96% | 1.55% | 0.78% |
| Operating Cashflow Per Share | 14.13p | 15.97p | 16.43p | 15.63p | 13.90p |
| Pre-tax Profit per Share | 15.19p | 17.08p | 17.32p | 16.73p | 16.41p |
| Cash Increase / Decrease per Share | 2.09p | (8.87p) | 0.67p | 7.84p | (0.77p) |
| Turnover per Share | 16.98p | 18.67p | 19.47p | 18.62p | 18.25p |
| Net Asset Value per Share | 333.80p | 363.49p | 378.15p | 380.52p | 394.07p |
| Operating Margin | 93.17% | 95.22% | 92.30% | 92.56% | 92.52% |
| ROCE | n/a | n/a | n/a | n/a | n/a |
| Net Gearing | 11.49% | 11.06% | 7.00% | 7.30% | 8.72% |
You are here: research