v3.24.3
Goodwill (Tables)
12 Months Ended
Jun. 30, 2024
Intangible Assets [Abstract]  
Schedule of reconciliation of changes in goodwill
2024£’000
Cost
At 1 July 2023 (Restated)(1)
239,249 
Acquired through business combinations279,931 
Effect of foreign exchange translations(3,456)
At 30 June 2024515,724 
2023
Cost
At 1 July 2022145,916 
Acquired through business combinations (Restated) (1)
100,882 
Effect of foreign exchange translations(7,549)
At 30 June 2023 (Restated)(1)
239,249 
Net book value
At 30 June 2024515,724 
At 30 June 2023 (Restated)(1)
239,249 
(1) Restated to include the effects of revisions arising from provisional to final acquisition accounting for DEK and Mudbath (refer to note 3C for details).
Schedule of goodwill impairment testing assumptions
The key assumptions used in the assessments for the years ended 30 June 2024, 2023 and 2022 are as follows:
202420232022
Revenue growth rate(1)
13.4% - 17.0%
25.0 %25.0 %
Operating cash flows rate(2)
12.2% - 15.5%
n/an/a
Discount rate (2)
12.8 %14.9 %13.5 %
Terminal growth rate2.0 %1.5 %1.5 %
(1) Revenue growth presented in the above table is in respect of different years for the period used in the goodwill impairment analysis
(2) Discount rate and operating cash-flows used in sensitivity assessment are pre-tax

Management performed a sensitivity analysis for the key assumptions used in determining the value in use, with the changes in value in use being reflected in the table below:
Baseline assumptionsSensitivity assumptionsValue in use change
£000
Revenue growth rate(1)
13.4% - 17.0%
7.0%- 8.0%
(531,159)
Operating cash flows rate(2)
12.2% - 15.5%
10.0% - 14.0%
(213,166)
Discount rate (2)
12.8%
13.8 %(208,200)
Terminal growth rate
2.0%
1.5 %(58,310)