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Convertible loan notes
 6 Months Ended
Jun. 30, 2022
Text block [abstract]  
Convertible loan notes
11. Convertible loan notes
 
 
  
June 30,
 
  
December
 
 
  
2022
 
  
31, 2021
 
 
  
£’000
 
  
£’000
 
Novartis Loan Note
  
 
4,094
 
  
 
3,771
 
Loan Notes – private placement
  
 
11,858
 
  
 
10,613
 
 
  
 
 
 
  
 
 
 
Total
  
 
15,952
 
  
 
14,384
 
 
  
 
 
 
  
 
 
 
Current
  
 
15,952
 
  
 
—  
 
Non-current
  
 
—  
 
  
 
14,384
 
Novartis Loan Note is convertible at a fixed price of £0.265 per ordinary share
and bears an 
interest rate of 6% per annum with a maturity date of February 2023. Loan Notes from the June 2020 private placement are convertible at a fixed price of £
0.174
per ordinary share and bears an interest
rate
of 6% per annum with a maturity date of June 2023.