Discontinued Operations (Tables)
|
12 Months Ended |
Dec. 31, 2022 |
Discontinued operations [Abstract] |
|
Schedule 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 |
|
|
£’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 |
|
|
£’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 |
|
|