Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Loans and Borrowings

v3.22.1
Loans and Borrowings
 12 Months Ended
Dec. 31, 2021
Loans and Borrowings [Abstract]  
Loans and borrowings

19. Loans and borrowings

 

The book value of loans and borrowings are as follows:

 

    At December 31     At December 31     At December 31  
    2021     2020     2019  
    £’000     £’000     £’000  
Current                  
Bank loans     635      
-
      
-
  
Stocking loans     169,170       86,709       32,477  
Subscription facilities     10,188      
-
      
-
  
Mortgages     547       1,368      
-
  
      180,540       88,077       32,477  
Non-current                        
Bank loans     815      
-
      
-
  
Stocking loans     8,809      
-
      
-
  
Subscription facilities     56,987      
-
      
-
  
Mortgages     1,502       2,126      
-
  
      68,113       2,126      
-
  
                         
Total loans and borrowings     248,653       90,203       32,477  

 

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.