The company has released its year-end trading update, highlighting revenues are in line with expectations, with adjusted PBT 10% ahead of consensus, boosted by a better margin mix. Cash conservation and cost controls are in place to cope with the impact of COVID, but recent cash performance now places them with net cash of £3.0m. The 31 March order book increased 11% to £39.9m, with some order slippage anticipated due to COVID lockdown effects. We remove our forecasts for FY 2021
