Adept4's pre-tax losses narrowed to £0.8m for the year to the end of September - down from £1.4m last time.

Revenues rose to £10.3m (FY16: £4.9m) with recurring revenues of £7.3m (FY16: £3.2m), representing 71% of total revenues (FY16: 65%).

Chairman Simon Duckworth said: 'The creation of a single operating platform for future growth has been at the heart of everything that we have sought to do in the last 12 months.

'The successful establishment of an integrated business with a single brand, proposition, structure and platform was imperative, and I am pleased to report our success in achieving this objective.

'We look forward to success in the future with this business model.'

At 9:05am: (LON:AD4) Adept4 Plc share price was +0.1p at 3.65p