Strong Balance Sheet Equity And No DebtA meaningful equity base (~£6.8m) combined with no recorded debt from 2021–2024 gives the company solvency resilience and financial flexibility. This buffer can fund near-term development needs and reduces bankruptcy risk compared with highly leveraged peers, a durable structural strength.
Improving Operating Cash OutflowsOperating cash flow trending less negative signals progress on cost control or operational efficiency. While still negative, the improvement reduces the rate of cash burn, extends runway from existing resources, and evidences management's ability to gradually steady cash needs over months.
Very Lean HeadcountA headcount of four implies a lean cost base and low fixed overhead, which materially reduces ongoing cash obligations. This structural efficiency helps preserve capital, allows management to allocate limited funds to core project development, and makes scaling less cash-intensive.