v3.25.2
Financial instruments (Tables)
6 Months Ended
Jun. 30, 2025
Financial instruments  
Scheduled of financial liabilities by fair value hierarchy

Carrying Value

Fair Value

June 30, 2025

December 31, 2024

June 30, 2025

December 31, 2024

    

£ 000

    

£ 000

    

£ 000

    

£ 000

Financial liabilities at fair value through profit and loss

 

239,776

 

524,242

 

239,776

 

524,242

Warrant liabilities

 

704

 

434

 

704

 

434

 

240,480

 

524,676

 

240,480

 

524,676

Schedule of fair value measurement inputs for valuation of convertible loan notes

    

June 30, 2025

    

December 31, 2024

Share price ($)

 

6.77

12.58

Conversion price ($)

 

3.50

3.50

Interest rate (%)

 

12.00

12.00

Credit spread (%)

43.50

40.64

Risk free rate (%)

3.70

4.40

Expected life (years)

3.50

4.00

Dividend yield (%)

Volatility (%)

 

85.00

85.00