Business Combinations (Tables)

6 Months Ended

Jun. 30, 2021

Disclosure of business combinations [text block] [Abstract]

Schedule of fair value of assets

	£’000
Property, plant and equipment		3,943
Trade and other receivables		4,868
Cash		3,975
Trade and other payables		(4,819	)
Loans and borrowings		(3,791	)
Total net assets acquired		4,176
Intangible assets recognised on acquisition:
Software		19,558
Brand		1,303
Deferred tax arising on intangible assets		(3,983	)
Total intangible assets arising on acquisition		16,878
Total identifiable net assets at fair value		21,054
Goodwill		44,310
Purchase consideration transferred		65,365
Satisfied by:
Cash		20,997
Debt assumed and discharged		4,463
Shares issued		33,339
Warrants issued		6,566
Purchase consideration transferred		65,365

	£’000
Property, plant and equipment		25,101
Inventory		333
Trade and other receivables		7,335
Cash		669
Trade and other payables		(2,161	)
Loans and borrowings		(3,019	)
Total net assets acquired		28,259
Intangible assets recognised on acquisition:
Customer relationships		7,300
Deferred tax arising on intangible assets		(1,600	)
Total intangible assets arising on acquisition		5,700
Total identifiable net assets at fair value		33,959
Goodwill		5,166
Purchase consideration transferred		39,125
Satisfied by:
Cash		29,125
Debt assumed and discharged		9,000
Shares issued		1,000
Purchase consideration transferred		39,125

	£’000
Property, plant and equipment		27,181
Cash		8,589
Trade and other receivables		5,493
Trade and other payables		(5,982	)
Loans and borrowings		(23,708	)
Total net assets acquired		11,573
Intangible assets recognised on acquisition:
Software		4,445
Brand		1,444
Deferred tax arising on intangible assets		(1,767	)
Total intangible assets recognised on acquisition		4,122
Total identifiable net assets at fair value		15,695
Goodwill		44,659
Purchase consideration transferred		60,354
Satisfied by:
Cash		28,722
Shares issued		31,009
Voluntary employee share option plan		623
Purchase consideration transferred		60,354