v3.26.1
Trade and other receivables
6 Months Ended
Jun. 30, 2026
Trade and other receivables  
Trade and other receivables

11Trade and other receivables

  ​ ​ ​

June 30,

  ​ ​ ​

December 31,

2026

2025

£ 000

£ 000

R&D tax relief receivable

 

26,624

 

16,644

Government grants and VAT receivable

 

5,823

 

4,124

Prepayments

11,114

8,356

Other receivables

 

326

 

323

Amounts due from related party

 

 

18

 

43,887

 

29,465

Expected credit losses were not significant in 2026 or 2025. 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, 2025.