XML 16 R4.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statement of Cash Flows - GBP (£)
£ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities      
Net loss for the period £ (245,224) £ (12,326) £ (7,484)
Adjustments to cash flows from non-cash items      
Depreciation and amortization 765 542 159
Depreciation on right of use assets 177 140 171
Finance (income)/costs (32,498) 98 66
Related party finance costs 483 709  
Share based payment transactions 101,608 96  
Warrant expense 111,611    
Net exchange differences 853    
Income tax expense   4 (30)
Adjustments to cash flows from non-cash items (62,225) (10,737) (7,118)
Increase in trade and other receivables (9,126) (2,062) (848)
Increase in trade and other payables 43,801 787 683
Net cash flows used in operating activities (27,550) (12,012) (7,283)
Cash flows from investing activities      
Acquisition of subsidiaries net of cash     (731)
Acquisitions of property plant and equipment (790) (155) (1,527)
Acquisition of intangible assets (2,565) (233) (575)
Deferred consideration payments 1 (300)  
Net cash flows used in investing activities (3,354) (688) (2,833)
Cash flows from financing activities      
Proceeds from convertible loan notes 166,981    
Proceeds from related party borrowings 2,945 5,600  
Repayment of related party borrowings (737)    
Payments to lease creditors (240) (220) (130)
Proceeds from related party investment 3,779    
Cash acquired as part of Business Combination 4,728    
Proceeds from PIPE 67,257    
Movement in net parent investment   7,130 11,003
Net cash flows generated from financing activities 244,713 12,510 10,873
Net increase/(decrease) in cash at bank 213,809 (190) 757
Cash at bank as at January 1 839 1,029 272
Effect of foreign exchange rate changes (1,988)    
Cash at bank as at December 31 £ 212,660 £ 839 £ 1,029