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Cash and Cash Equivalents
12 Months Ended
Dec. 31, 2020
Cash And Cash Equivalents [Abstract]  
Cash and cash equivalents

16. Cash and cash equivalents

 

 

 

2020

 

 

2019

 

 

 

(in thousands)

 

 

 

£

 

 

£

 

Cash and cash equivalents

 

 

87,356

 

 

 

51,962

 

 

Cash and cash equivalents comprise cash at banks with deposit maturity terms of three months or less, which is subject to insignificant risk of changes in value. Cash at banks earns interest at fixed or variable rates based on the terms agreed for each account.

Liquidity risk is minimal and is managed using deposits with immediate and varied fixed term dates.