v3.25.4
Trade and Other Payables
12 Months Ended
Dec. 31, 2025
Payables and Accruals [Abstract]  
Trade and Other Payables

15. Trade and other payables

 

 

Year ended December 31,

 

 

2025

 

 

2024

 

 

$000s

 

 

$000s

 

Trade payables

 

 

4,409

 

 

 

3,697

 

Social security and other taxes

 

 

195

 

 

 

244

 

Accruals and other payables

 

 

5,749

 

 

 

8,361

 

Bonus accrual

 

 

2,964

 

 

 

3,445

 

Corporate income tax payable

 

 

39

 

 

 

652

 

Total trade and other payables

 

 

13,356

 

 

 

16,399

 

 

The Group considers that the carrying amount of trade and other payables approximates their fair value. Bonus accrual and accruals and other payables include accrued severance and other compensation costs that are currently subject to ongoing negotiation.

 

Included within accruals and other payables at December 31, 2025 and 2024 is $3.0 million and $5.9 million respectively, are expenditures relating to contracted research and development costs.