Cropper (james) plc AIM:CRPR
- Incorporated
- United Kingdom
- Chief executive
- David Stirling
- Employees
- 524
- Reports in
- GBP
- Companies House
- 00030226
Read straight from the annual reports
700p at close on 5 Oct 2026 · 12 reported years, 2015–2026
| Line | FY201503/15 | FY201604/16 | FY201704/17 | FY201803/18 | FY201903/19 | FY202003/20 | FY202103/21 | FY202203/22 | FY202304/23 | FY202403/24 | FY202503/25 | FY202603/26 | FY2027unreported |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EBITDA | |||||||||||||
| Adjusted minus statutory PBT | — | — | — | — | — |
GBP millions, negatives in brackets. Per-share lines in pence, share counts in millions. later is what a following report restated the figure to; vs is a second reading that disagrees. The figure shown is the one the original filing printed, and both readings are kept. Click any figure: opens the report page it was read from, highlighted; shows how it was calculated. The share price above is drawn to the same columns: each close sits over the financial year it fell in.
12 years, at a glance
Operating profit as a share of revenue: the pence of profit in each pound of sales.
C000342-AR-2026-ch
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Advanced Materials organic growth, particularly Hydrogen Coatings (PEM electrolysis)
AM sales grew 11% to £39.8m, 'like-for-like' up 10.4% after currency/tariff adjustments; growth 'strongly influenced by the performance from our Hydrogen Coatings business'
page 45Loss of a significant Paper & Packaging merchant customer, replaced via exclusive Coloursource range with Winter & Company
Merchant customer notified in July 2025 it would no longer source certain coloured paper ranges with immediate effect; estimated net revenue loss c.£6m (c.10% of prior-year turnover)
page 40Restructuring of Paper & Packaging cost base (c.70 redundancies, move to 5-day shift pattern)
Reduced direct and support cost base; delivered positive Adjusted EBITDA in H2 FY26
page 45Material cost efficiency and favourable mix (higher-margin Advanced Materials revenue growing to 38.7% of Group revenue)
Material costs fell to 34.0% of revenue (FY25: 35.6%)
page 46£1.2m charge: Restructuring costs (organisational restructuring, redundancy programme)
page 152FY26 has been a year of disciplined execution and meaningful progress... The Board's expectations for FY27 remain unchanged, supported by strong order books in Paper & Packaging and continued progress in the Group's operational improvement programme.
page 43On 1 July 2026 the Group entered a Receivables Finance Agreement with HSBC Invoice Finance Limited (minimum 36-month term, availability up to £15m, secured against UK receivables, rate SONIA+1.75%)
page 152No interim dividend was paid in FY26 and the Board is not recommending a final dividend (FY25: nil). The Board placed a temporary hold on dividends during FY26 to prioritise balance sheet strengthening; the position remains under review as the business progresses, with shareholder returns to be considered as part of a balanced capital allocation framework once appropriate.
page 11Group Independent Auditor's Report (Grant Thornton UK LLP) gives an unmodified/unqualified opinion. Directors adopted the going concern basis based on a 14-month assessment to 25 September 2027, concluding the Group and parent company have sufficient resources to meet liabilities as they fall due for at least 12 months. Key audit matters: (1) valuation of defined benefit obligation, (2) going concern basis of accounting, (3) valuation of intra-Group loans (parent company only). Overall materiality: Group £1,002,000 (~1% of revenue); parent company £566,000 (~1.5% of total assets).
page 107- Health and Safety - accident or injury risk inherent in manufacturing operations (no change)p.54
- People - loss of key personnel, talent/skills shortages, organisational change pressures (no change)p.54
- Finance and Treasury - liquidity, credit and pension funding risk; reduced during the year following improved profitability, lower net debt and post-year-end refinancing (reduced risk)p.54
- Market - macroeconomic volatility, geopolitical disruption, technology shifts and IP leakage affecting demand, pricing and margins (no change)p.55
Read from C000342-AR-2026-ch.
11 annual reports read, FY2016 to FY2026
Open a year to see what its report said. Every line in it carries the page it was read from.
Sources: Companies House (11)
FY2027Next report expected 25 Jul 2027