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Commitments and Contingencies
 12 Months Ended
Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]  
Commitments and contingencies Commitments and Contingencies
Capital commitments
At December 31, 2024, the Company had capital expenditure commitments of $0.5 million (2023: $2.3 million and 2022: $1.4 million) for the acquisition of new plant and equipment.
Committed banking facilities
The Company had committed banking facilities of $125.0 million at December 31, 2024 and $125.0 million at December 31, 2023. Of these committed facilities, $17.2 million was drawn at December 31, 2024 and $43.1 million at December 31, 2023. The Company also had an additional $25.0 million of uncommitted facilities through an accordion provision at December 31, 2024 and December 31, 2023.
Uncommitted Facilities
December 31, 2024December 31, 2023
FacilityDrawnFacilityDrawn
Bond and Guarantees$0.6 $0.2 $0.6 $0.2 
Letters of Credit4.0 2.8 4.0 2.2 
Overdraft7.8 3.1 7.8 4.6 
$12.4 $6.1 $12.4 $7.0 
Additionally, the Company has various uncommitted transitional banking and foreign exchange lines available for day-to-day operational purposes.
Contingencies
In December 2023, it was established that any potential liability arising from the lawsuits and reasonable defense costs related to the previously disclosed US Ecology case are covered by insurance. The Company recognized $7.7 million in the twelve months of 2024, in relation to these costs previously incurred by the Company. $5.8 million cash has been received in 2024 and a final reimbursement of $1.9 million has been received post year end, included within accounts and other receivables.