Warrants (Tables)

12 Months Ended

Dec. 31, 2021

Warrants [Abstract]

Schedule of warrants outstanding

	Public Number	Private placement Number	Total 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

At December 31, 2021	Level 1	Level 2	Level 3	Total
	£’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