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Financial instruments (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2021
Dec. 31, 2020
Disclosure of financial instruments [text block] [Abstract]    
Schedule of financial assets, other than cash and short-term deposits
 

June 30
2021
£’000

 

December 31
2020
£’000

Debt instruments at amortised cost

       

Trade receivables

 

12,715

 

7,243

Contract assets

 

153

 

599

Lease deposits

 

1,954

 

2,653

   

14,822

 

10,495

         

Current

 

14,822

 

10,495

Non-current

 

 

 

December 31
2020

 

December 31
2019

 

December 31
2018

   

£‘000

 

£’000

 

£’000

Debt instruments at amortized cost

           

Trade receivables

 

7,243

 

291

 

Contract assets

 

599

 

8

 

Lease deposits

 

2,653

 

1,675

 

Total financial assets

 

10,495

 

1,974

 

Schedule of interest bearing loans and borrowings  
 

Interest rate %

 

Maturity

 

December 31
2020

 

December 31
2019

 

December 31
2018

           

£‘000

 

£’000

 

£’000

Current

                   

Lease liabilities

 

1 – 7%

 

Within one year

 

6,540

 

1,510

 

Stocking loan

 

Base rate + 1 – 3.75%

 

On earlier of sale of underlying vehicle or 120/.180 days

 

86,709

 

32,477

 

Mortgages

 

2 – 4%

 

Within one year

 

1,368

 

 

                     

Non-Current

                   

Lease liabilities

 

1 – 7%

 

2022 – 2040

 

41,508

 

4,358

 

Mortgages

 

2 – 4%

 

2022 – 2025

 

2,126

 

 

Schedule of the group’s profit before tax is affected through the impact on floating rate borrowings  
 

Increase/
decrease in
basis points

 

Effect on profit
before tax 2020

 

Effect on profit
before tax 2019

       

£’000

 

£’000

LIBOR

 

+10

 

44

 

 

10

 

LIBOR

 

-10

 

(44

)

 

(10

)

Schedule of the maturity profile of the group’s financial liabilities based upon contractual undiscounted payments  

2020

 

Less than
one year

 

1 to 5 years

 

Over 5 years

 

Total

   

£‘000

 

£‘000

 

£‘000

 

£‘000

Stocking loans

 

86,709

 

 

 

86,709

Lease liabilities

 

7,603

 

25,243

 

21,052

 

53,898

Mortgages

 

1,385

 

2,230

 

 

3,615

Trade payables

 

12,668

 

 

 

12,668

Total

 

108,365

 

27,473

 

21,052

 

156,890

2019

 

Less than
one year

 

1 to 5 years

 

Over 5 years

 

Total

   

£‘000

 

£‘000

 

£‘000

 

£‘000

Stocking loans

 

32,477

 

 

 

32,477

Lease liabilities

 

1,429

 

4,943

 

 

6,372

Trade payables

 

1,867

 

 

 

1,867

Total

 

35,773

 

4,943

 

 

40,716

2018

 

Less than
one year

 

1 to 5 years

 

Over 5 years

 

Total

   

£‘000

 

£‘000

 

£‘000

 

£‘000

Stocking loans

 

 

 

 

Lease liabilities

 

 

 

 

Trade payables

 

107

 

 

 

Total

 

107

 

 

 

Schedule of changes in liabilities arising from financial activities  
 

Stocking
loans

 

Lease
liabilities

 

Mortgages

 

Total

   

£‘000

 

£‘000

 

£‘000

 

£‘000

October 15, 2018

 

 

 

 

 

 

 

 

New leases

 

 

 

 

 

 

 

 

Issue of debt

 

 

 

 

 

 

 

 

Repayment

 

 

 

 

 

 

 

 

Accretion of interest

 

 

 

 

 

 

 

 

December 31, 2018

 

 

 

 

 

 

 

 

New leases

 

 

 

6,496

 

 

 

 

6,496

 

Issue of debt

 

42,825

 

 

 

 

 

 

42,825

 

Repayment

 

(10,348

)

 

(693

)

 

 

 

(11,041

)

Accretion of interest

 

 

 

65

 

 

 

 

65

 

December 31, 2019

 

32,477

 

 

5,868

 

 

 

 

38,345

 

New leases

 

 

 

19,850

 

 

 

 

19,850

 

Acquisition of subsidiary

 

33,870

 

 

27,972

 

 

3,937

 

 

65,799

 

Issue of debt

 

216,444

 

 

 

 

 

 

216,444

 

Repayment

 

(196,082

)

 

(6,294

)

 

(443

)

 

(202,819

)

Accretion of interest

 

 

 

652

 

 

 

 

652

 

December 31, 2020

 

86,709

 

 

48,048

 

 

3,494

 

 

138,251

 

Schedule of stocking loans are used specifically by the group to finance the purchase of inventory  
 

2020

 

2019

 

2018

   

£’000

 

£’000

 

£’000

Inventory

 

114,694

 

 

42,970

 

 

Stocking loans

 

(86,709

)

 

(32,477

)

 

Net inventory

 

27,985

 

 

10,493

 

 

Cash and cash equivalents

 

243,524

 

 

34,539

 

 

26,366

Schedule of financial liabilities held by the group
 

June 30
2021
£’000

 

December 31
2020
£’000

Financial liabilities at amortised cost

       

Current:

       

Lease liabilities

 

14,125

 

6,540

Stocking loans

 

116,155

 

86,709

Mortgages

 

523

 

1,368

Warrants

 

6,648

 

   

137,451

 

94,617

Non-current:

       

Lease liabilities

 

46,702

 

41,508

Mortgages

 

1,776

 

2,126

Warrants

 

 

   

48,478

 

43,634