Financial highlights
Revenue up 23% to £92.8m (2015: £75.5m)
Gross margin broadly maintained at 23.9% (2015: 24.2%)
Profit before exceptional gain1 and tax up 20% to £12.5m (2015: £10.4m)
Profit margin before exceptional gain1 and tax of 13.5% (2015:13.8%)
Eighth consecutive year of strong revenue and profit growth
High operating profit to cash conversion2 of 128% (2015: 112%)
EPS before exceptional gain1 of 20.3p up 18% (2015: 17.2p)
Proposed final dividend of 10.5p making a total dividend (excluding special dividends) of 18.3p, up 27%, for 2016 (payout ratio of 90%)
Paid special dividends of 5.35p following the sale of stake in Capital Private Finance Limited for £2.7m
Strong financial position with significant surplus on regulatory capital
Total cash balances of £18.7m (2015: £14.0m)
Unrestricted cash balances of £10.8m (2015: £8.2m)
