Investors: Year End Summaries

Group Income Statement

Financial year ended:	30 April 2015 £'000	30 April 2016 £'000	30 April 2017 £'000	30 April 2018 £'000	30 April 2019 £'000	30 April 2020 £'000	30 April 2021 £'000	30 April 2022 £'000	30 April 2023 £'000	30 April 2024 £'000
Sales	127,049	123,539	131,587	124,811	127,046	144,512	131,231	144,108	185,742	191,258
Gross Margin	52,640	46,143	46,694	47,461	54,274	53,524	55,169	59,936	68,768	77,887
Operating Profit	20,447	12,748	9,948	13,580	16,411	12,858	17,094	18,307	20,313	26,895
* Trading Profit	20,053	12,314	9,244	13,300	14,728	12,115	16,514	17,201	18,940	24,094
Unrealised Gain on Interest Rate Swap	-	-	-	-	-	-	-	2,740	3,189	113
Profit Before Tax	20,053	12,314	9,244	13,300	16,410	12,115	16,514	19,941	22,129	24,207
Tax	(4,601)	(3,376)	(2,487)	(3,865)	(3,963)	(3,775)	(3,508)	(6,321)	(5,616)	(6,491)
Profit After Tax	15,452	8,938	6,757	9,435	12,447	8,340	13,006	13,620	16,513	17,716
Non-controlling Interests	(427)	(100)	(675)	(931)	(942)	(474)	(512)	(640)	(609)	(814)
Shareholders' Profits	15,025	8,838	6,082	8,504	11,505	7,866	12,494	12,980	15,904	16,902

* Trading profit is defined as the Group pre-tax reported profit less the impact of our interest rate swap valuation.

Group Financial Highlights

Financial year ended:	30th April 2015 £'000	30th April 2016 £'000	30th April 2017 £'000	30th April 2018 £'000	30th April 2019 £'000	30th April 2020 £'000	30th April 2021 £'000	30th April 2022 £'000	30th April 2023 £'000	30th April 2024 £'000
Sales	127,049	123,539	131,587	124,811	127,046	144,512	131,231	144,108	185,742	191,258
*Trading Profit	20,053	12,314	9,244	13,300	14,728	12,115	16,514	17,201	18,940	24,094
Profit Before Tax	20,053	12,314	9,244	13,300	16,410	12,115	16,514	19,941	22,129	24,207
Earnings per Share	209	123	84	118	160	108	168	169	207	225
Return on Capital Employed	22.43%	12.08%	8.61%	12.59%	13.19%	10.44%	13.14%	12.68%	12.90%	16.3%
Dividends Proposed	3,049	3,049	3,049	6,010	6,927	6,016	7,862	8,289	8,636	9,988
Totals Assets	139,492	158,235	156,947	157,642	189,440	192,274	202,411	218,981	262,833	284,228
Shareholders' Funds	82,741	86,294	89,436	99,568	105,165	105,017	113,141	115,310	124,747	122,281

* Trading profit is defined as the Group pre-tax reported profit less the impact of our interest rate swap valuation.

Group Cashflow Summaries

Financial year ended:	30th April 2015 £'000	30th April 2016 £'000	30th April 2017 £'000	30th April 2018 £'000	30th April 2019 £'000	30th April 2020 £'000	30th April 2021 £'000	30th April 2022 £'000	30th April 2023 £'000	30th April 2024 £'000
Funds Generated from Operating Profits	25,943	17,820	16,440	19,694	24,841	20,970	24,843	25,045	29,777	34,626
Decrease/(Increase) in Working Capital Requirement	(2,277)	(4,115)	(7,563)	15,862	(9,956)	1,540	168	(3,742)	4,541	(1,297)
Cash Generated from Operations	23,666	13,705	8,877	35,556	14,885	22,510	25,011	21,303	34,318	33,329
Interest Paid	(733)	(723)	(917)	(754)	(588)	(844)	(734)	(1,258)	(1,940)	(3,623)
Corporation Tax Paid	(4,904)	(3,058)	(2,675)	(3,703)	(3,093)	(2,493)	(3,068)	(2,051)	(3,251)	(2,587)
Net Cash from Operating Activities	18,029	9,924	5,285	31,099	11,204	19,173	21,209	17,994	29,127	27,119
Investment in Fixed Assets and Subsidiaries	(20,962)	(14,680)	(8,114)	(10,393)	(14,963)	(8,966)	(11,919)	(18,091)	(20,524)	(16,878)
Net Loan (Repayments) / Proceeds	7,551	(69)	4,897	(12,909)	7,850	6,195	2,641	4,866	8,565	18,965
Issue of Shares	-	-	-	-	-	16	17	16	-	-
Share Buy Back	-	-	-	-	-	-	-	-	-	(8,869)
Dividends Paid	(3,137)	(3,301)	(3,786)	(3,137)	(6,577)	(6,927)	(6,141)	(8,670)	(8,846)	(9,109)
Net inc. / (dec.) in Cash and Cash Equivalents	1,481	(8,126)	(1,718)	4,660	(2,486)	9,491	5,807	(3,885)	8,322	11,228

Group Balance Sheet Summaries

Financial year ended:	30 April 2015 £'000	30 April 2016 £'000	30 April 2017 £'000	30 April 2018 £'000	30 April 2019 £'000	30 April 2020 £'000	30 April 2021 £'000	30 April 2022 £'000	30 April 2023 £'000	30 April 2024 £'000
Fixed Assets	55,659	62,530	65,739	69,154	74,106	74,969	80,754	93,785	108,005	117,121
Investment in Associates	1,477	1,640	2,045	1,963	739	816	829	896	964	828
Intangible Assets	10,865	17,565	18,240	21,138	22,354	24,695	24,813	24,817	25,448	25,900
Trade and Other Receivables				728	505	1,001	191	3,932	5,932	5,716
Non-current Assets	68,001	81,735	86,024	92,983	97,704	101,481	106,587	123,430	140,350	149,525

Current Assets	71,491	76,500	70,923	64,659	91,736	90,793	95,824	95,551	122,483	134,703
Current Liabilities	(32,066)	(46,393)	(36,670)	(42,752)	(58,055)	(63,476)	(45,492)	(49,257)	(74,811)	(61,054)
Net Current Assets	39,425	30,107	34,253	21,907	33,681	27,317	50,332	46,294	47,672	73,649

Long Term Liabilities	(17,446)	(18,676)	(23,980)	(6,104)	(20,718)	(16,125)	(33,317)	(42,270)	(47,502)	(81,725)
Deferred Tax	(3,458)	(3,049)	(2,636)	(3,959)	(1,376)	(3,071)	(5,574)	(7,711)	(11,363)	(14,799)
Net Worth	86,522	90,117	93,661	104,827	109,291	109,602	118,028	119,743	129,157	126,650

Share Capital	720	720	720	720	720	736	753	769	769	751
Reserves	82,021	85,574	88,716	98,848	104,445	104,281	112,388	114,541	123,977	121,530
Shareholders Funds	82,741	86,294	89,436	99,568	105,165	105,017	113,141	115,310	124,746	122,281
Non-controlling Interests	3,781	3,823	4,225	5,259	4,126	4,585	4,887	4,433	4,410	4,369
Total Equity	86,522	90,117	93,661	104,827	109,291	109,602	118,028	119,743	129,157	126,650

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