• Home
• Overview
  • Highlights
  • Developing global networks
  • Leadership through progression
  • Collaboration through relationships
  • Chairman's statement
• Business review
• Corporate governance
• Financial statements
• Other information

Highlights

• Solid performance in challenging market conditions
  focusing on our core strengths of supplying world class
  solutions and services to our customers in the Oil and Gas,
  Power and Marine markets
• Revenue of £148.3 million (2009 – £164.0 million)
• Recurring revenue up 9% to £102.7 million (2009 – £94.2 million)
  representing 69% (2009 – 57%) of total revenue
• Investment in Research and Development of £20.9 million
  (2009 – £27.3 million)
• Restructuring programme complete at a cost of £1.9 million
  and annualised savings of approximately £5.0 million per annum
• Adjusted profit before tax of £50.7 million
  (2009 – £66.4 million)*
• Profit before tax of £49.6 million (2009 – £59.2 million)
• Adjusted basic earnings per share of 50.92 pence
  (2009 – 69.99 pence)*
• Basic earnings per share of 49.36 pence (2009 – 62.27 pence)
• Final dividend increased to 13.9 pence (2009 – 6.5 pence)
  resulting in total dividend of 16.9 pence for the year
  (2009 – 9.36 pence), an increase of 81%
• Continued strong cash generation with net cash and deposits
  at the year end of £149.7 million (2009 – £126.2 million)

   

• *Adjusted profit before tax and adjusted earnings per share are calculated before amortisation of intangible assets, share-based payments, gain/loss on fair value of forward foreign exchange contracts and restructuring costs in the relevant year. In addition, adjusted earnings per share also include the tax effects of these adjustments.

Revenue (£m)
£148.3m

Adjusted profit before tax (£m)
£50.7m

Net cash and deposits (£m)
£149.7m