Loans and Borrowings

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Loans and Borrowings [Abstract]

Loans and Borrowings

11. Loans and borrowings

The book value of loans and borrowings are as follows:

	At June 30 2023 £’000		At December 31 2022 £’000
Current
Stocking loans		82,350		161,592
Subscription facilities		763		14,983
Secured asset financing		1,024		1,479
Bank loans		-		30
		84,137		178,084
Non-current
Secured asset financing		2,338		4,113
		2,338		4,113
Total loans and borrowings		86,475		182,197

20. Loans and borrowings

The book value of loans and borrowings are as follows:

	At December 31		At December 31
	2022		2021
	£’000		£’000
Current
Stocking loans		161,592		169,170
Subscription facilities		14,983		10,188
Secured asset financing		1,479		-
Bank loans		30		635
Mortgages		-		547
		178,084		180,540
Non-current
Stocking loans		-		8,809
Subscription facilities		-		56,987
Secured asset financing		4,113		-
Bank loans		-		815
Mortgages		-		1,502
		4,113		68,113
Total loans and borrowings		182,197		248,653

The carrying value of loans and borrowings classified as financial liabilities measured at amortized cost approximates fair value. Details of the interest rates, maturity and security details of loans and borrowings are set out in Note 24.

The Group’s loans and borrowings are mainly denominated in Pounds Sterling.