FY24 (Sep Y/E) was a year of record sales and profit growth. Sales increased 11% to £64.4m and op. profit +5% to £8.1m, c.7% and 3% a/h of SCM expectations respectively). Progress was broad based with all divisions achieving sales growth. Balance sheet strength remains a key attraction of the investment case (FY24 net cash of £21.8m, c. 1/3rd of the market cap). Cash resources have been put to good use with additional pension contributions in the year (scheme now in surplus). FY25 YTD sales over ....
