v3.25.4
Trade and other receivables (Tables)
12 Months Ended
Dec. 31, 2025
Texts Block [Abstract]  
Summary of Trade and Other Receivables
  All figures in £ millions
  
    2025
    
    2024
 
Current
     
Trade receivables
  
 
651
 
     605  
Contract assets – unbilled
  
 
86
 
     71  
Investment in finance lease receivable
  
 
21
 
     19  
Prepayments and other receivables
  
 
324
 
     335  
 
 
 
  
 
1,082
 
     1,030   
 
 
 
Non–current
            
Trade receivables
  
 
10
 
     9  
Investment in finance lease receivable
  
 
45
 
     64  
Prepayments and other receivables
  
 
50
 
     52  
 
 
 
 
  
 
105
 
     125  
Summary of Movements on Provision for Bad and Doubtful Debts
The movements in the provision for bad and doubtful debts are as follows:
 
  All figures in £ millions
  
    2025
   
    2024
 
At 1 January
  
 
(40
)
  
  (51 ) 
Exchange differences
  
 
1
 
  
  2  
Income statement movements
  
 
(24
)
  
  (4 ) 
Utilised
  
 
7
 
  
  13  
 
 
 
At 31 December
  
 
(56
)
 
  
  (40 ) 
Summary of Ageing of Group's Trade Receivables
The ageing of the Group’s gross trade receivables is as follows:
 
  All figures in £ millions
  
    2025
    
    2024
 
Contract assets – unbilled
    
86
 
     71  
Within due date and one month past due date
    
554
 
     488  
One to three months past due date
    
57
 
     53  
Three to six months past due date
    
24
 
     22  
Six to nine months past due date
    
12
 
     24  
Nine to 12 months past due date
    
8
 
     13   
More than 12 months past due date
  
 
62
 
     54  
 
 
 
Gross trade receivables
  
 
803
 
     725