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

Acquisitions (Tables)

v3.22.1
Acquisitions (Tables)
 12 Months Ended
Dec. 31, 2021
Disclosure Of Acquisition [Abstract]  
Schedule of calculating goodwill arising from the acquisition the fair value of net assets acquired was determined
    £’000  
Property, plant and equipment     3,943  
Trade and other receivables     4,868  
Cash and cash equivalents     3,975  
Trade and other payables     (4,819 )
Lease liabilities     (3,791 )
Deferred tax liabilities     (44 )
Total net assets acquired     4,132  
         
Intangible assets recognized on acquisition:        
Software     19,558  
Brand     1,303  
Deferred tax arising on intangible assets     (3,985 )
Total intangible assets recognized on acquisition     16,876  
         
Total identifiable net assets at fair value     21,008  
         
Goodwill     44,356  
Purchase consideration transferred     65,364  
         
Satisfied by:        
Cash     20,996  
Debt assumed and discharged     4,463  
Shares issued     33,339  
Warrants issued     6,566  
Purchase consideration transferred     65,364  

    £’000  
Property, plant and equipment     25,101  
Inventory     333  
Trade and other receivables     7,335  
Cash and cash equivalents     669  
Trade and other payables     (2,160 )
Lease liabilities     (2,766 )
Provisions     (253 )
Deferred tax liabilities     (88 )
Total net assets acquired     28,171  
         
Intangible assets recognized on acquisition:        
Customer relationships     7,300  
Deferred tax arising on intangible assets     (1,387 )
Total intangible assets recognized on acquisition     5,913  
         
Total identifiable net assets at fair value     34,084  
         
Goodwill     5,041  
Purchase consideration transferred     39,125  
         
Satisfied by:        
Cash     29,125  
Debt assumed and discharged     9,000  
Shares issued     1,000  
Purchase consideration transferred     39,125  

    £’000  
Property, plant and equipment     27,181  
Trade and other receivables     5,493  
Cash and cash equivalents     8,589  
Trade and other payables     (5,982 )
Loans and borrowings     (19,879 )
Lease liabilities     (3,830 )
Deferred tax liabilities     (16 )
         
Total net assets acquired     11,556  
         
Intangible assets recognized on acquisition:        
Software     4,445  
Brand     1,444  
Deferred tax arising on intangible assets     (1,905 )
Total intangible assets recognized on acquisition     3,984  
         
Total identifiable net assets at fair value     15,540  
         
Goodwill     44,814  
Purchase consideration transferred     60,354  
         
Satisfied by:        
Cash     28,722  
Shares issued     31,009  
Voluntary employee share option plan     623  
Purchase consideration transferred     60,354  

  

    £’000  
Property, plant and equipment     81  
Trade and other receivables     788  
Cash and cash equivalents     704  
Trade and other payables     (1,535 )
Total net assets acquired     38  
         
Intangible assets recognized on acquisition:        
Software     10,287  
Deferred tax arising on intangible assets     (2,131 )
Total intangible assets recognized on acquisition     8,156  
         
Total identifiable net assets at fair value     8,194  
         
Goodwill     15,496  
Purchase consideration transferred     23,690  
         
Satisfied by:        
Cash     23,570  
Deferred consideration     120  
Purchase consideration transferred     23,690  

    £’000  
Property, plant and equipment     29,062  
Financial investments     3  
Inventory     1,247  
Trade and other receivables     7,972  
Cash and cash equivalents     8,161  
Trade and other payables     (7,727 )
Lease liabilities     (25,749 )
Provisions     (3,224 )
Deferred tax assets     (335 )
Total net assets acquired     9,410  
         
Intangible assets recognized on acquisition:        
Software     1,489  
Customer relationships     7,574  
Deferred tax arising on intangible assets     (1,765 )
Total intangible assets recognized on acquisition     7,298  
         
Total identifiable net assets at fair value     16,708  
         
Goodwill     59,770  
Purchase consideration transferred     76,478  
         
Satisfied by:        
Cash     61,105  
Debt assumed and discharged     15,373  
Purchase consideration transferred     76,478  

 

    £’000  
Property, plant and equipment     249  
Trade and other receivables     658  
Cash and cash equivalents     377  
Trade and other payables     (1,186 )
Loans and borrowings     (1,468 )
Lease liabilities   (215 )
Total net assets acquired     (1,585 )
         
Intangible assets recognized on acquisition:        
Software     603  
Customer relationships     6,235  
Deferred tax arising on intangible assets     (1,709 )
Total intangible assets recognized on acquisition     5,129  
         
Total identifiable net assets at fair value     3,544  
         
Goodwill     20,025  
Purchase consideration transferred     23,569  
         
Satisfied by:        

Cash

     15,644  

Deferred consideration

     2,560  
Shares issued     5,365  
Purchase consideration transferred     23,569  

 

    £’000  
Property, plant and equipment     25  
Inventory     566  
Trade and other receivables     49  
Cash and cash equivalents     1,581  
Trade and other payables     (1,090 )
Provisions   (72 )
Total net assets at fair value     1,059  
         
Intangible assets recognized on acquisition:        
Software     205  
Deferred tax arising on intangible assets     (39 )
Total intangible assets recognized on acquisition     166  
         
Total identifiable net assets at fair value    

1,225

  
         
Goodwill     6,645  
Purchase consideration transferred     7,870  
         
Satisfied by:        

Cash

     3,205  
Deferred consideration     1,500  
Debt assumed and discharged     3,165  
Purchase consideration transferred     7,870