GBFR
Investor Centre
Search:

Highlights

  2012
2011
Change
Revenue £32.00 million £31.72 million +1%
Profit before tax £3.78 million £3.86 million -2%
Adjusted EBITDA* £6.73 million £6.12 million +10%
Annualised recurring contract revenue (constant currency) ** £29.52 million £28.45 million +4%
Contract renewal rates 93% 92%  
Cash flow from operating activities (before exceptional items) £10.18 million £10.37 million -2%
Net cash/(net debt) £3.67 million (£3.40) million  
Earnings per share - basic 4.3p 4.8p -10%
  - adjusted* 5.9p 5.7p +4%
Dividend per share – total  for year 2.7p 2.6p +4%

Highlights:

  • Good progress made in transitioning from traditional software to cloud-based software business
  • StatPro Revolution annualised recurring revenue more than trebled to £1.51 million at 31 December 2012 (2011: £0.45 million**)
  • StatPro Revolution customer number increased to 156 at year end (2011: 50)
  • StatPro Revolution now has 21 fund administrator partners (2011: 10), a key target market for the service, including 6 of the major operators (2011: 1)
  • Successful Placing completed in November 2012 raising £5.81 million (net of expenses)

* Adjusted EBITDA and adjusted earnings per share are EBITDA and earnings per share after adjustment for amortisation of acquired intangibles, share based payments and exceptional items.

** Annualised recurring contract revenue is annual value of revenue contractually committed at year end. Comparative is at constant currency.