Financial risk management and impairment of financial assets (Tables)

12 Months Ended

Dec. 31, 2025

Financial risk management and impairment of financial assets

Summary of maturity analysis


				Between 2 and 5		After more than
		Within 1 year		years		5 years		Total
2024		£ 000		£ 000		£ 000		£ 000
Trade and other payables		15,585		3,991		—		19,576
Lease liabilities		705		1,409		496		2,610
Convertible Senior Secured Notes		—		103,915		—		103,915
		16,290		109,315		496		126,101
2025
Trade and other payables		33,459		—		—		33,459
Lease liabilities		1,121		2,364		326		3,811
Convertible Senior Secured Notes		—		108,755		—		108,755
		34,580		111,119		326		146,025