Debt-free Balance SheetThe company’s debt-free, positive-equity balance sheet (≈£2.1M equity on ≈£2.3M assets) reduces solvency risk and gives management optionality. Over 2–6 months this durable flexibility supports restructuring, funding a turnaround, or weathering cash shortfalls without immediate financing pressure.
Narrowing Net LossesReported net losses have narrowed meaningfully versus 2023–2024, indicating improved operating discipline or cost base optimization. If sustained, this trend can materially lower financing needs, shorten the path to profitability and improve long-term viability beyond short-term volatility.
Improving Cash Flow TrendOperating and free cash flow remain negative but show improvement versus 2023–2024 levels, reducing the burn rate. A durable reduction in cash outflows extends runway, limits near-term funding needs, and reflects early progress toward generating positive operational cash over the coming months.