v3.25.2
Trade and other receivables
6 Months Ended
Jun. 30, 2025
Trade and other receivables  
Trade and other receivables

11Trade and other receivables

    

June 30,

    

December 31,

2025

2024

£ 000

£ 000

R&D tax relief receivable

 

5,896

 

8,686

Government grants and VAT receivable

 

4,005

 

4,349

Prepayments

8,013

4,576

Other receivables

 

499

 

634

Amounts due from related party

 

 

52

 

18,413

 

18,297

R&D tax relief receivable recognises £5,896 thousand under the ERIS scheme (December 31, 2024: £nil); and £nil for R&D tax relief claimed under the RDEC scheme (December 31, 2024: £8,686 thousand).

Expected credit losses were not significant in 2025 or 2024. For more information on the Group’s exposure to credit and market risks, including impairments and allowances for credit losses, relating to trade and other receivables please refer to the Group’s annual financial statements for the year ended December 31, 2024.