​

​

Fair value
2023
GBPm

​

Fair value
2024
GBPm

​

Fair value
2025
GBPm

Goodwill

​

68

146

140

Intangible assets

​

64

​

72

​

134

Property, plant and equipment

​

1

-

-

Current assets

​

3

6

3

Current liabilities

​

(10)

(14)

(6)

Borrowings

​

-

-

(2)

Deferred tax

​

(6)

(15)

(25)

Net assets acquired

​

120

195

244

Consideration (after taking account of £1m net cash acquired (2024: £7m; 2023: £4m))

​

120

195

244

Change in consideration deferred to future years and changes in contingent consideration relating to prior year acquisitions

​

(12)

(30)

(2)

Net cash flow

​

108

165

242