For the year ended 31 December 2017, we are very pleased to report that
your company achieved earnings before interest, tax, depreciation and
amortisation (EBITDA) of £3.7million (2016: £2.4 million) and operating
profit before depreciation, fair value adjustments and exchange movements
(Adjusted EBITDA) of £5.8million (2016: £1.5million).
Sir Michael Heller
26 April 2017