Business combinations (Tables)

12 Months Ended

Jun. 30, 2023

The following table summarises the acquisition date fair values of each major class of consideration transferred:


			£’000
Initial cash consideration			44,272
Equity consideration			5,337
Fair value of deferred consideration			2,468
Fair value of contingent consideration			5,071
Total consideration transferred			57,148

The Company's allocation of the total purchase consideration amongst the net assets acquired is as follows:


			£’000
Intangible assets - client relationships			16,459
Property, plant and equipment			354
Right of use assets			4,667
Cash and cash equivalents			10,817
Trade and other receivables			13,006
Corporation tax receivable			368
Lease liabilities			(4,752)
Trade and other payables			(24,550)
Corporation tax payable			(659)
Deferred tax liability			(4,197)
Fair value of net assets acquired			11,513

The following table summarises the acquisition date fair values of each major class of consideration transferred:


			£’000
Initial cash consideration			7,361
Equity consideration			2,831
Fair value of deferred consideration			1,084
Fair value of contingent consideration			3,823
Total consideration transferred			15,099

The Company's allocation of the total purchase consideration amongst the net assets acquired is as follows:


			£’000
Intangible assets - client relationships			2,997
Property, plant and equipment			29
Deferred tax asset			133
Cash and cash equivalents			546
Trade and other receivables			818
Trade and other payables			(1,236)
Corporation tax payable			(55)
Deferred tax liability			(899)
Fair value of net assets acquired			2,333

The following table summarises the acquisition date fair values of each major class of consideration transferred:


			£’000
Initial cash consideration			32,025
Equity consideration			9,975
Fair value of deferred consideration			1,416
Fair value of contingent consideration			5,877
Total consideration transferred			49,293

The Company's allocation of the total purchase consideration amongst the net assets acquired is as follows:


			£’000
Intangible assets - client relationships			4,530
Property, plant and equipment			51
Right of use assets			299
Deferred tax asset			136
Cash and cash equivalents			1,824
Trade and other receivables			2,098
Lease liabilities			(319)
Trade and other payables			(1,192)
Corporation tax payable			(825)
Deferred tax liability			(1,359)
Fair value of net assets acquired			5,243

The following table summarises the acquisition date fair values of each major class of consideration transferred:


			£’000
Initial cash consideration			5,400
Equity consideration			1,505
Fair value of deferred consideration			1,225
Fair value of contingent consideration			6,901
Total consideration transferred			15,031

The Company's allocation of the total purchase consideration amongst the net assets acquired is as follows:


			£’000
Intangible assets			9
Intangible assets - Client relationships			1,240
Property, plant and equipment			12
Cash and cash equivalents			576
Trade and other receivables			930
Corporation tax receivable			115
Trade and other payables			(335)
Deferred tax liability			(296)
Fair value of net assets acquired			2,251

The following table summarises the acquisition date fair values for each major class of consideration transferred:


			£’000
Initial cash consideration			39,364
Cash in Escrow			2,219
Fair value of deferred consideration			1,744
Fair value of contingent consideration			2,902
Total consideration transferred			46,229

The Company's allocation of the total purchase consideration amongst the net assets acquired is as follows:


	Provisional £’000	Adjustments £'000	Final £'000
Intangible assets - Client relationships	14,710	(1,939)	12,771
Intangible assets	157	(157)	—
Property, plant and equipment	798	—	798
Right of use asset	1,948	—	1,948
Trade and other receivables	5,928	—	5,928
Cash and cash equivalents	5,707	—	5,707
Trade and other payables	(5,093)	—	(5,093)
Lease liabilities	(2,983)	—	(2,983)
Fair value of net assets acquired	21,172	(2,096)	19,076

The adjustments presented above have been accounted for in the year ended 30 June 2022.

The following table summarises the acquisition date fair values for each major class of consideration transferred:


	Provisional £’000	Adjustments £'000	Final £'000
Initial cash consideration	16,062	49	16,111
Fair value of equity consideration	4,478	—	4,478
Fair value of deferred consideration	2,653	—	2,653
Fair value of contingent consideration	1,725	—	1,725
Total consideration transferred	24,918	49	24,967

The adjustments presented above have been accounted for in the year ended 30 June 2022.

The Company's allocation of the total purchase consideration amongst the net assets acquired is as follows:


	Provisional £’000	Adjustments £'000	Final £'000
Intangible assets - Client relationships	8,253	428	8,681
Property, plant and equipment	310	—	310
Financial assets	33	—	33
Right of use asset	915	—	915
Trade and other receivables	2,250	—	2,250
Cash and cash equivalents	1,423	—	1,423
Trade and other payables	(1,235)	106	(1,129)
Corporation tax payable	(318)	—	(318)
Lease liabilities	(915)	—	(915)
Deferred tax liability	(1,730)	(114)	(1,844)
Fair value of net assets acquired	8,986	420	9,406

The adjustments presented above have been accounted for in the year ended 30 June 2022.

The following table summarises the acquisition date fair values of each major class of consideration transferred:


			£’000
Initial cash consideration			48,639
Fair value of deferred consideration			5,003
Fair value of contingent consideration			186
Total consideration transferred			53,828

The Company's allocation of the total purchase consideration amongst the net assets acquired is as follows:


			£’000
Intangible assets - Client relationships			18,108
Intangible assets - other			54
Property, plant and equipment			461
Right of use asset			2,049
Deferred tax asset			76
Financial asset			201
Trade and other receivables			13,179
Corporation tax receivable			111
Cash and cash equivalents			1,603
Trade and other payables			(9,115)
Lease liabilities			(2,049)
Corporation tax payable			(62)
Deferred tax liability			(3,533)
Other liabilities			(34)
Fair value of identifiable net assets			21,049