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Acquisition of Subsidiaries (Tables)
 12 Months Ended
Jun. 30, 2018
Business Combinations1 [Abstract]  
Schedule of business combinations
The following table summarises the acquisition date fair values of each major class of consideration transferred:
 
£’000
Initial cash consideration
28,586

Fair value of deferred consideration
4,198

Fair value of contingent consideration
10,933

Fair value of tax refund consideration
1,170

Total consideration transferred
44,887

The Company's allocation of the total purchase consideration amongst the net assets acquired is as follows:
 
Fair Value
£’000
Intangible asset - Client relationships
15,214

Property, plant and equipment
932

Trade and other receivables
6,045

Cash and cash equivalents
2,342

Trade and other payables
(3,792
)
Corporation tax payable
(39
)
Deferred tax liability
(27
)
Total net assets acquired
20,675

The following table summarises the acquisition date fair values of each major class of consideration transferred:
 
£’000
Cash
8,862

Total consideration transferred
8,862

The fair value of assets acquired and liabilities assumed on the date of the acquisition were as follows:
 
Fair Value
£’000
Client relationships
4,301

Property, plant and equipment
323

Trade and other receivables
1,739

Cash and cash equivalents
768

Trade and other payables
(648
)
Other taxation and social security
(430
)
Corporation tax payable
(17
)
Borrowings
(196
)
Other liabilities
(103
)
Deferred tax liability
(1,075
)
Total net assets acquired
4,662
Schedule of goodwill arising from acquisition
Goodwill arising from the acquisition has been recognised as follows:
 
£’000
Consideration transferred
44,887

Fair value of identifiable net assets
(20,675
)
Goodwill
24,212

Goodwill arising from the acquisition has been recognised as follows:
 
£’000
Consideration transferred
8,862

Fair value of identifiable net assets
(4,662
)
Goodwill
4,200
Schedule of business acquisition, pro-forma information
Revenue and Profit of ISDC From Acquisition Date to 30 June 2017
 
£’000
Revenue
10,338

Profit
1,398

Revenue and Profit of ISDC for 2017 Reporting Period (had the acquisition occurred at the beginning of the reporting period)
 
£’000
Revenue
12,262

Profit
1,589

Revenue and Profit of Velocity Partners From Acquisition Date to 30 June 2018
 
£’000
Revenue
15,281

Profit
2,635

Revenue and Profit of Velocity Partners for Current Reporting Period (had the acquisition occurred at the beginning of the reporting period)
 
£’000
Revenue
30,383

Profit
4,327
Schedule of acquisition related costs
Acquisition Related Costs
 
£’000
Legal and professional fees
550

 
£’000
Legal and professional fees
1,233