v3.26.1
Consolidated Statement of Financial Position - GBP (£)
Dec. 31, 2025
Dec. 31, 2024
Non-current assets    
Property, plant and equipment £ 2,394,000 £ 3,078,000
Right of use assets 3,006,000 1,969,000
Intangible assets   132,000
Non-current assets 5,400,000 5,179,000
Current assets    
Trade and other receivables 29,465,000 18,297,000
Restricted cash 1,224,000 1,700,000
Cash and cash equivalents 69,082,000 22,556,000
Current assets 99,771,000 42,553,000
Total assets 105,171,000 47,732,000
Equity    
Share capital 79,328 54,753
Other reserve 136,833,000 99,299,000
Treasury share reserve (803,000) (803,000)
Share premium 660,019,000 554,391,000
Accumulated deficit (917,573,000) (1,152,283,000)
Total shareholders' deficit (121,445,000) (499,341,000)
Non-current liabilities    
Lease liabilities 2,309,000 1,620,000
Provisions 1,139,000 620,000
Trade and other payables   3,991,000
Non-current liabilities 3,448,000 6,231,000
Current liabilities    
Financial liabilities at fair value through profit or loss 188,526,000 524,242,000
Lease liabilities 896,000 581,000
Warrant liabilities 287,000 434,000
Trade and other payables 33,459,000 15,585,000
Current liabilities 223,168,000 540,842,000
Total liabilities 226,616,000 547,073,000
Total equity and liabilities £ 105,171,000 £ 47,732,000