Warrants (Tables)

12 Months Ended

Dec. 31, 2021

Warrants [Abstract]

Schedule of warrants outstanding

	Public		Private placement		Total
	Number		Number		Number
At December 31, 2019		-		-		-
At December 31, 2020		-		-		-
At December 31, 2021		20,124,748		21,129,818		41,254,566

Schedule of public warrants are classified as Level

	Level 1		Level 2		Level 3		Total
At December 31, 2021	£’000		£’000		£’000		£’000
Warrants		13,418		-		29,274		42,692

Schedule of fair value of the warrants

	Private placement
Number of warrants		21,129,818
Exercise price	$	11.50
Expected term (years)		7
Expected volatility		47.1	%
Dividend yield		Nil
Risk free interest rate		1.40	%

Schedule of fair value movements

	Public			Private placement			Total
	£’000			£’000			£’000
At December 31, 2019		-			-			-
At December 31, 2020		-			-			-
Warrants issued upon acquisition of Drover		-			6,566			6,566
Fair value movement		-			102			102
Exercise of warrants		-			(6,667	)		(6,667	)
Warrants issued in the Transaction		22,475			46,887			69,362
Fair value movement		(9,057	)		(17,614	)		(26,671	)
At December 31, 2021		13,418			29,274			42,692