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Financial Assets and Liabilities (Tables)

3 Months Ended

12 Months Ended

Sep. 30, 2018

Jun. 30, 2018

Financial Instruments [Abstract]

Schedule of financial assets



Financial Assets	2018 £’000				2017 £’000
Trade and other receivables	£	52,352			£	41,494
Cash and cash equivalents	15,048				23,571
Total financial assets	£	67,400			£	65,065

Schedule of financial liabilities



Financial liabilities	2018 £’000				2017 £’000
Non-current borrowings	£	20			£	63
Current borrowings	19,744				29,402
Trade and other payables	40,243				24,358
Contingent consideration	12,510				—
Deferred consideration	4,401				—
Other liabilities	277				253
Total financial liabilities	£	77,195			£	54,076

Fair value movement of contingent consideration



		£’000
Fair value at 1 July 2017		£	—
Arising on acquisition of Velocity Partners		10,933
Movement in fair value recognised in finance cost		126
Foreign exchange recognised in other comprehensive income		255
Fair value at 30 June 2018		£	11,314

Valuation technique for significant unobservable inputs, liabilities

The valuation technique used, significant unobservable inputs and inter-relationship between significant unobservable inputs are shown below:



Valuation technique		Significant unobservable inputs		Inter-relationship between significant unobservable inputs and fair value measurement
Scenario based discounted cash flow: the valuation model considers the present value of the expected future payments in several probability weighted scenarios, discounted at risk adjusted discount rate.		Expected future cash flows (30 June 2018 - total maximum of £12.1million, minimum of £nil over 3 years) Fair value of ordinary shares (30 June 2018 - $12.79) Discount rate (30 June 2018 - 3%)		The estimated fair value would increase (decrease) if: the expected cash flows were higher (lower); or the fair value of ordinary shares was higher (lower); or the risk-adjusted discount rate were lower (higher)