| 31-Mar-26 | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | Total Dividend | n/a | n/a | n/a | n/a | n/a |
|---|
| £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
| Income Statement | 31-Mar-26 | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
| Turnover | 0.43 | 1.11 | 1.20 | 0.31 | 1.08 |
| Operating Profit/(Loss) | (0.35) | 0.20 | 0.31 | (0.56) | 0.17 |
| Net Interest | (0.06) | (0.07) | (0.16) | (0.04) | (0.01) |
| Profit Before Tax | (0.41) | 0.13 | 0.25 | (0.60) | 0.16 |
| Profit After Tax | (0.44) | (0.01) | 0.09 | (0.65) | 0.01 |
| Total Dividend Paid | n/a | n/a | n/a | n/a | n/a |
| Retained Profit/(Loss) for the Financial Year | (0.44) | (0.01) | 0.09 | (0.65) | 0.01 |
| Earnings per Share - Basic | (1.90p) | n/a | 0.30p | (1.60p) | n/a |
| Earnings per Share - Diluted | (1.90p) | n/a | 0.30p | (1.60p) | n/a |
| Earnings per Share - Adjusted | (1.90p) | n/a | 0.30p | (1.60p) | n/a |
| Dividend per Share | n/a | n/a | n/a | n/a | n/a |
| £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | £ (Millions) | |
| Balance Sheet | 31-Mar-26 | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 | 31-Mar-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 | 291.18 | 218.16 | 394.75 | 357.23 | 427.40 |
| 291.18 | 218.16 | 394.75 | 357.23 | 427.40 | |
| Current Assets | |||||
| Stocks | n/a | n/a | n/a | n/a | n/a |
| Debtors | 11.06 | 0.02 | 14.53 | 0.51 | 0.05 |
| Cash at Bank & in Hand | n/a | 8.45 | 2.13 | 2.77 | n/a |
| 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 | 302.25 | 226.63 | 411.42 | 360.51 | 427.45 |
| Liabilities | |||||
| Creditors: Amount Due Within 1 Year | 20.32 | 5.42 | 50.11 | 30.22 | 33.24 |
| Net Current Assets | (9.26) | 3.05 | (33.45) | (26.94) | (33.19) |
| 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 | 20.32 | 5.42 | 50.11 | 30.22 | 33.24 |
| Net Assets | 281.92 | 221.21 | 361.31 | 330.29 | 394.21 |
| Capital & Reserves | |||||
| Called Up Share Capital | 4.98 | 6.78 | 8.37 | 9.68 | 10.29 |
| Share Premium Account | n/a | 79.95 | 79.95 | 79.95 | 79.95 |
| Other Reserves | 278.36 | 135.46 | 273.95 | 241.71 | 304.37 |
| Profit & Loss Account | (1.42) | (0.98) | (0.96) | (1.06) | (0.40) |
| Shareholders Funds | 281.92 | 221.21 | 361.31 | 330.29 | 394.21 |
| Minority Interests | n/a | n/a | n/a | n/a | n/a |
| Capital Employed | 281.92 | 221.21 | 361.31 | 330.29 | 394.21 |
| Cash Flow | 31-Mar-26 | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
| Net Cash Flow From Operating Activities | (4.84) | (5.09) | (4.24) | (5.89) | (12.14) |
| 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 | 59.54 | 115.85 | 22.34 | 45.69 | 13.03 |
| 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 | (63.08) | (104.29) | (18.74) | (37.03) | (2.39) |
| Net Increase/Decrease In Cash | (8.38) | 6.47 | (0.64) | 2.77 | (1.50) |
| Ratios | 31-Mar-26 | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
| PE Ratio | n/a | n/a | 3,316.7 | 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 | (25.47p) | (26.79p) | (22.34p) | (31.02p) | (63.95p) |
| Pre-tax Profit per Share | (2.15p) | 0.69p | 1.33p | (3.15p) | 0.84p |
| Cash Increase / Decrease per Share | (44.12p) | 34.07p | (3.38p) | 14.60p | (7.91p) |
| Turnover per Share | 2.24p | 5.85p | 6.34p | 1.63p | 5.71p |
| Net Asset Value per Share | 1,484.93p | 1,165.13p | 1,903.06p | 1,739.70p | 2,076.36p |
| Operating Margin | (82.39%) | 17.73% | 25.60% | (180.00%) | 15.59% |
| ROCE | n/a | n/a | n/a | n/a | n/a |
| Net Gearing | 7.21% | n/a | 13.28% | 8.31% | 8.43% |
You are here: research