Restore AIM:RST
- Founded
- London, England
- Incorporated
- United Kingdom
- Chief executive
- Charles Skinner
- Employees
- 2,746
- Reports in
- GBP
- Companies House
- 05169780
Support services group for offices and public bodies: secure records management and storage, digital scanning, confidential shredding and recycling, IT asset disposal and workplace relocations. Records boxes stored under long-term contracts provide a sticky annuity-like revenue base.
Read straight from the annual reports
308p at close on 2 Oct 2026 · 11 reported years, 2015–2025
| Line | FY201512/15 | FY201612/16 | FY201712/17 | FY201812/18 | FY201912/19 | FY202012/20 | FY202112/21 | FY202212/22 | FY202312/23 | FY202412/24 | FY202512/25 | FY2026unreported |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | vs 172.0 | later 240.0 | ||||||||||
| Gross profit | later 111.7 | |||||||||||
| Operating profit | ||||||||||||
| Adjusted operating profit | ||||||||||||
| Exceptional items | later 17.7 | |||||||||||
| Net finance cost | ||||||||||||
| Profit before tax | ||||||||||||
| Adjusted profit before tax | vs 35.6 | |||||||||||
| Tax charge | ||||||||||||
| Profit for the year | ||||||||||||
| EBITDA | ||||||||||||
| Adjusted minus statutory PBT | ||||||||||||
| Basic EPS | ||||||||||||
| Diluted EPS | ||||||||||||
| Adjusted EPS | ||||||||||||
| Dividend per share | — |
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.
11 years, at a glance
Dashed: Operating margin, in % on its own scale — read its shape, not its height against the bars.
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Long-term contracted physical records storage (box storage) revenue with inflation-linked price increases
Revenue mix: storage income 32% and recurring services 44% of predictable revenue streams; visibility on over 90% of 2026 revenue with majority of revenues contracted
page 7Bolt-on and strategic acquisitions (seven completed in FY2025 for £35.1m total)
Six shredding/storage bolt-ons plus Synertec (outbound communications) acquisition; acquisitions expanded Datashred and Information Management capability
page 9Property consolidation programme reducing storage cost per box
Chesterfield (104,000 sq ft) and Durham (84,000 sq ft) sites at/near optimum capacity, enabling closure of more expensive sites; new 400,000-box facility near Stroud plus Archive Warehouse surplus capacity
page 18Inflation-linked storage price increases
Continued focus on operating margins helped by inflation-linked price rises within physical storage business
page 18"Building on solid progress in 2024, the Group has significantly improved performance in each of our businesses in 2025, and achieved an adjusted operating margin of over 20%... We see further opportunity for growth in 2026 and beyond, and to continue to increase value for shareholders." — Jamie Hopkins, Chair
page 4On 30 January 2026, the Group acquired the trade and assets of RDS Confidential Shredding Limited for cash consideration of £0.1m, fully satisfied on completion
page 136Final dividend of 4.7p per share proposed for FY2025 (2024: 3.8p), giving a total FY2025 dividend of 6.9p (2024: 5.8p), a 19% increase; aggregate proposed final dividend £6.3m, payable 16 July 2026. Board also launched a £20m share buyback programme in addition to dividends to return surplus cash to shareholders, reflecting strong cash conversion (103% in 2025)
page 5Going concern basis applied to both Group and Parent Company financial statements. The Audit Committee reviewed detailed cashflow forecasts (including a downturn stress test) and the CFO's report on financing headroom (£47.6m undrawn RCF/overdraft at 31 Dec 2025) and covenant compliance (leverage 1.9x vs 3x covenant; interest cover 7.0x vs 4x covenant) and was satisfied going concern remained appropriate. PwC has been auditor for eight consecutive years; following a competitive tender the Audit Committee has recommended Grant Thornton UK LLP as external auditor for the year ending 31 December 2026, subject to shareholder approval
page 68- Growth: failure of the business to grow in line with forecasts and investor expectationsp.54
- Systems, technology, data and cyber defence failure leading to business interruption, data breaches or reputational damagep.54
- Health, safety and wellbeing of the workforcep.54
- Extent, complexity and suitability of the Group's property portfolio (second-largest cost base; dilapidations, rent and rates increases)p.54
Read from C001092-AR-2025-ch.
12 annual reports read, FY2016 to FY2025
Open a year to see what its report said. Every line in it carries the page it was read from.
Sources: Companies House (12)
FY2026Next report expected 21 Mar 2027