| 31-Oct-25 | 31-Oct-24 | 31-Oct-23 | 31-Oct-22 | 31-Oct-21 | Total Dividend | n/a | n/a | n/a | n/a | n/a |
|---|
| £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
| Income Statement | 31-Oct-25 | 31-Oct-24 | 31-Oct-23 | 31-Oct-22 | 31-Oct-21 |
| Turnover | 1.45 | 1.30 | 1.08 | 0.99 | 0.83 |
| Operating Profit/(Loss) | (2.89) | (1.05) | (0.90) | (1.24) | (2.03) |
| Net Interest | (1.06) | (1.57) | (1.58) | (0.68) | n/a |
| Profit Before Tax | (3.95) | (2.62) | (2.48) | (1.92) | (2.37) |
| Profit After Tax | (4.02) | (2.66) | (2.53) | (1.98) | n/a |
| Total Dividend Paid | n/a | n/a | n/a | n/a | n/a |
| Retained Profit/(Loss) for the Financial Year | (4.02) | (2.66) | (2.53) | (1.98) | n/a |
| Earnings per Share - Basic | (1.11p) | (0.70p) | (0.65p) | (0.49p) | (0.62p) |
| Earnings per Share - Diluted | (1.11p) | (0.70p) | (0.65p) | (0.49p) | (0.62p) |
| Earnings per Share - Adjusted | (1.11p) | (0.70p) | (0.65p) | (0.49p) | (0.62p) |
| Dividend per Share | n/a | n/a | n/a | n/a | n/a |
| £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
| Balance Sheet | 31-Oct-25 | 31-Oct-24 | 31-Oct-23 | 31-Oct-22 | 31-Oct-21 |
| 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 | 789.85 | 705.03 | 671.30 | 872.80 | 1,376.36 |
| 789.85 | 705.03 | 671.30 | 872.80 | 1,376.36 | |
| Current Assets | |||||
| Stocks | n/a | n/a | n/a | n/a | n/a |
| Debtors | 1.22 | 1.17 | 0.32 | 4.88 | 0.32 |
| Cash at Bank & in Hand | 59.33 | 22.78 | 19.15 | 11.13 | 33.13 |
| 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 | 850.40 | 728.99 | 690.77 | 888.82 | 1,409.81 |
| Liabilities | |||||
| Creditors: Amount Due Within 1 Year | 81.44 | 94.38 | 106.03 | 113.25 | 68.46 |
| Net Current Assets | (20.90) | (70.43) | (86.56) | (97.24) | (35.01) |
| Creditors: Amount Due Over 1 Year | n/a | n/a | n/a | n/a | n/a |
| 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 | 81.44 | 94.38 | 106.03 | 113.25 | 68.46 |
| Net Assets | 768.96 | 634.60 | 584.74 | 775.57 | 1,341.35 |
| Capital & Reserves | |||||
| Called Up Share Capital | 4.06 | 4.06 | 4.06 | 4.06 | 4.05 |
| Share Premium Account | n/a | n/a | 499.72 | 499.72 | 498.00 |
| Other Reserves | 780.20 | 641.83 | 89.57 | 277.87 | 843.42 |
| Profit & Loss Account | (15.30) | (11.28) | (8.62) | (6.09) | (4.11) |
| Shareholders Funds | 768.96 | 634.60 | 584.74 | 775.57 | 1,341.35 |
| Minority Interests | n/a | n/a | n/a | n/a | n/a |
| Capital Employed | 768.96 | 634.60 | 584.74 | 775.57 | 1,341.35 |
| Cash Flow | 31-Oct-25 | 31-Oct-24 | 31-Oct-23 | 31-Oct-22 | 31-Oct-21 |
| Net Cash Flow From Operating Activities | (10.25) | (11.05) | (10.10) | (7.83) | (8.77) |
| 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 | 100.91 | 43.99 | 24.46 | (22.60) | (197.02) |
| Acquisitions & Disposals | n/a | n/a | n/a | n/a | n/a |
| Equity Dividends Paid | n/a | n/a | n/a | n/a | n/a |
| Management of Liquid Resources | n/a | n/a | n/a | n/a | n/a |
| Financing | (55.91) | (29.77) | (5.85) | 5.31 | 201.26 |
| Net Increase/Decrease In Cash | 34.75 | 3.17 | 8.51 | (25.12) | (4.53) |
| Ratios | 31-Oct-25 | 31-Oct-24 | 31-Oct-23 | 31-Oct-22 | 31-Oct-21 |
| PE Ratio | n/a | n/a | n/a | n/a | n/a |
| PEG | n/a | n/a | n/a | n/a | n/a |
| EPS Growth | n/a | n/a | n/a | n/a | n/a |
| Dividend Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Dividend Cover | n/a | n/a | n/a | n/a | n/a |
| Dividend per Share Growth | n/a | n/a | n/a | n/a | n/a |
| Operating Cashflow Per Share | (2.96p) | (3.19p) | (2.92p) | (2.26p) | (2.54p) |
| Pre-tax Profit per Share | (1.14p) | (0.76p) | (0.72p) | (0.56p) | (0.69p) |
| Cash Increase / Decrease per Share | 10.05p | 0.92p | 2.46p | (7.26p) | (1.31p) |
| Turnover per Share | 0.42p | 0.38p | 0.31p | 0.28p | 0.24p |
| Net Asset Value per Share | 222.32p | 183.47p | 169.06p | 224.23p | 387.81p |
| Operating Margin | (199.72%) | (80.55%) | (83.38%) | (126.17%) | (245.71%) |
| ROCE | n/a | n/a | n/a | n/a | n/a |
| Net Gearing | 2.88% | 11.28% | 14.86% | 13.17% | 2.63% |
You are here: research