15 July 2016 – trading update

A reassuring trading update has been issued covering the year to 30 June.  Overall revenue was up 26% to approximately £26.9m (2015: £21.4m).  EBITDA will be slightly ahead of market expectations and cash balances at 30 June 2016 were £17.2m versus £11.9m a year earlier.  The solid progress is in line with expectations and we continue to rate the shares as a LONG TERM BUY.