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

Loans and borrowings

v3.23.1
Loans and borrowings
 12 Months Ended
Dec. 31, 2022
Loans and Borrowings [Abstract]  
Loans and borrowings

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.