2024 accounts10 Nov 2025 11:55
Basic salary
The basic salary for each Director is determined by considering the performance of the individual and
information, where available, on the rates of salary for similar posts in comparable businesses. The Chief
Executive Officer’s current salary is £165,500 (2023: £158,936) and the Chief Financial Officer’s current
salary is £153,500 (2023: £147,584). These salaries reflect an inflationary only increase on the prior year
and are in the lower quartile of AIM small-cap benchmarks, to preserve cash.
As part of the overall incentive plan for the executive directors, step changes will be triggered by a
specific revenue milestone, reflecting an assessment of their salaries against market norms this year and
relevant AIM company remuneration benchmarks. Future salary increases will be set in line with relevant
market levels, considering economic changes and the performance of the business and will aim to retain
and attract high quality executives.
They cant even get that right, he also earned a £65k 'BONUS'!
T Oakley 159,460 56,000 - 1,321 Total Salary £216,781 that is not in the lower quartile of AIM salaries!
Complete B.S. over staffed, over payed and outdated by AI, this should have revolutionised the NHS!
15% increase in revenue to £1.18m (2023: £1.02m); Bleepa® contributed 87%
• Sales1 were £0.95m (2023: £1.27m); Bleepa® contributed 85%
• EBITDA loss increased to £2.73m (2023: £2.61m)
• Cash as at 31 May 2024 was £3.88m (31 May 2023: £7.32m)
On 04 November 2024 the Company will announce a placing by way of an accelerated bookbuild with
closing of the placing expected on the same day and a subscription of new ordinary shares to raise
approximately £5.2m (before expenses). In addition, on 04 November 2024 the Company announced its
intention to launch a retail offer to qualifying retail investors in the UK to raise a further up to £1.0m
(before expenses). Subject to closing, the placing, subscription and retail offer is conditional on
shareholder approval at the forthcoming annual general meeting.
Net loss attributable to ordinary
equity holders
2024 (3,298,367) 2023 (2,918,177)
Loss per share (pence)
Basic (24.74) (21.88)
Diluted (24.74) (21.88)
Tax reconciliation
Loss before tax (4,507,137) (1,132,957)