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

	£’000
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	30,125

	£’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