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Business combinations (Tables)

12 Months Ended

Dec. 31, 2024

Business combinations

Summary of goodwill, fair value of net assets acquired, provisional fair values of assets and liabilities arising from acquisitions and cash outflow from current and past acquisitions

​

​	​	​	​	​
​	​	2024	​	2023
​	​	£m	​	£m
Purchase consideration			​
– Cash paid		115	​	203
– Deferred and contingent consideration		67	​	58
Total purchase consideration		182	​	261
Fair value of net assets acquired		(51)	​	(88)
Goodwill from current-year acquisitions		131	​	173
Goodwill expected to be deductible for tax purposes	​	84	​	76

​

​

​	​	​	​	​
​	​	2024	​	2023
​	​	£m	​	£m
Non-current assets			​
– Intangible assets1		56	​	80
– Property, plant and equipment2		11	​	12
Current assets3		27	​	22
Current liabilities4		(23)	​	(12)
Non-current liabilities5		(20)	​	(14)
Net assets acquired		51	​	88

1. Includes £46m (2023: £69m) of customer lists and £10m (2023: £11m) of other intangibles.

2. Includes £4m (2023: £1m) of ROU assets.

3. Includes cash acquired of £2m (2023: £8m), inventory of £11m (2023: £2m), and trade and other receivables of £14m (2023: £12m).

4. Includes trade and other payables of £23m (2023: £10m).

5. Includes £9m of deferred tax liabilities relating to acquired intangibles (2023: £12m), lease liabilities of £4m (2023: £1m), and other liabilities of £7m (2023: £1m).

6. The fair values of assets and liabilities from acquisitions in the current year will be finalised in the 2025 Financial Statements. These fair values are provisional as the acquisition accounting has not yet been finalised, primarily due to the proximity of many acquisitions to the year end.

​

​	​	​	​	​
​	​	2024	​	2023
​	​	£m	​	£m
Total purchase consideration		182	​	261
Consideration payable in future periods		(67)	​	(58)
Purchase consideration paid in cash		115	​	203
Cash and cash equivalents in acquired companies and businesses		(2)	​	(8)
Cash outflow on current period acquisitions		113	​	195
Deferred and contingent consideration paid		59	​	47
Cash outflow on current and past acquisitions		172	​	242

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- References

No definition available.

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- Definition

The disclosure of detailed information about business combinations. [Refer: Total for all business combinations [member]]

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 3
-IssueDate 2024-01-01
-Section Disclosures application of paragraphs 59 and 61
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=3&code=ifrs-tx-2024-en-r&doctype=Appendix&subtype=B&dita_xref=IFRS03_gB64-B67_TI
-URIDate 2024-03-27

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