Discontinued Operations (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Discontinued Operations and Disposals [Abstract]

Schedule of Discontinued Operations

Results of discontinued operations

	Six months ended June 30 2023 £’000			Six months ended June 30 2022 £’000
Revenue		8,925			44,648
Expenses		(771	)		(86,532	)
Profit/(Loss) from operations		8,154			(41,884	)
Finance expense		(306	)		(2,441	)
Loss on sale of discontinued operations		(6,977	)		—
Profit/(Loss) before tax from discontinued operations		871			(44,325	)
Tax credit		-			3,546
Profit/(Loss) for the year from discontinued operations		871			(40,779	)
Earnings per share:
Basic loss per ordinary share from discontinued operations	£	0.02		£	(1.07	)
Diluted loss per ordinary share from discontinued operations	£	0.02		£	(1.07	)
Net cash flows from/(used in) discontinued operations:
Operating		(4,038	)		(60,524	)
Investing		18,536			(63,919	)
Financing		(7,780	)		13,600
Net cash inflow/(outflow)		6,718			(110,843	)

Results of discontinued operations

	Year ended December 31 2022 £’000			Year ended December 31 2021 £’000			Year ended December 31 2020 £’000
Revenue		158,384			12,391			27,194
Expenses		(325,779	)		(29,098	)		(30,315	)
Loss from operations		(167,395	)		(16,707	)		(3,121	)
Finance income		19			1			-
Finance expense		(4,019	)		(1,053	)		(688	)
Loss on sale of discontinued operations		(14,509	)		-			-
Impairment loss on remeasurement of the disposal group		(2,518	)		-			-
Loss before tax from discontinued operations		(188,422	)		(17,759	)		(3,809	)
Tax expense		2,660			3,542			-
Loss for the year from discontinued operations		(185,762	)		(14,217	)		(3,809	)
Earnings per share:
Basic loss per ordinary share from discontinued operations	£	(4.87	)	£	(0.42	)	£	(0.15	)
Diluted loss per ordinary share from discontinued operations	£	(4.87	)	£	(0.42	)	£	(0.15	)
Net cash flows from/(used in) discontinued operations:
Operating		(79,232	)		(122,646	)		23,581
Investing		(57,127	)		(38,109	)		-
Financing		(29,134	)		29,110			(34,987	)
Net cash outflow		(165,493	)		(131,645	)		(11,406	)

Schedule of Effect of Disposal on the Financial Position of the Group

Effect of disposal on the financial position of the Group of assets and liabilities held for sale

	£’000
Assets held for sale		52,971
Liabilities associated with assets held for sale		(24,760	)
Net assets and liabilities disposed of		28,211
Consideration received, satisfied in cash		21,234
Cash and cash equivalents disposed of		(2,680	)
Net cash inflow		18,554

Effect of disposal on the financial position of the Group

	£’000
Property, plant and equipment		(12,333	)
Right-of-use assets		(5,720	)
Inventory		(5,570	)
Trade and other receivables		(6,020	)
Cash and cash equivalents		(10,800	)
Trade and other payables		3,424
Loans and borrowings		14,731
Lease liabilities		5,878
Provisions		770
Net assets and liabilities		(15,640	)
Consideration received, satisfied in cash		1,131
Cash and cash equivalents disposed of		(10,800	)
Net cash outflow		(9,669	)

Schedule of Disposal Group Held for Sale

The major classes of assets and liabilities of Cluno GmbH classified as held for sale as at December 31, 2022 are as follows:

	£’000
Property, plant and equipment		39,369
Right-of-use assets		878
Intangible assets		1,729
Inventory		7,865
Trade and other receivables		3,522
Cash and cash equivalents		12,442
Assets held for sale		65,805
Trade and other payables		(4,504	)
Loans and borrowings		(29,062	)
Lease liabilities		(1,003	)
Provisions		(5,033	)
Liabilities associated with assets held for sale		(39,602	)
Net assets directly associated with disposal group		26,203