Group | Company | ||||
|---|---|---|---|---|---|
2025 | 2024 | 2025 | 2024 | ||
Raw materials and consumables | 14,110 | 16,114 | 10,507 | 13,202 | |
Work in progress | 10,473 | 10,651 | 6,697 | 7,003 | |
Finished goods | 7,840 | 7,737 | 3,211 | 4,628 | |
Provision for impairment losses | (5,153) | (4,578) | (1,927) | (1,518) | |
| 27,270 | 29,924 | 18,488 | 23,315 | |
In 2025, the value of inventory recognised by the Group as an expense in cost of goods sold was £65,702k (2024: £62,776k).
Movement in provision
Movements in the inventory provision during the financial year are set out below:
Group | Company | ||||
|---|---|---|---|---|---|
2025 | 2024 | 2025 | 2024 | ||
Provision for impairment losses as at 1 January | 4,578 | 2,476 | 1,518 | 788 | |
Acquired with subsidiary | 249 | – | – | – | |
Inventories written off against provision | (604) | (25) | (528) | (25) | |
Additional provisions recognised | 1,200 | 2,561 | 946 | 883 | |
Unused amounts reversed | (174) | (351) | (9) | (128) | |
Exchange differences | (96) | (83) | – | – | |
Provision for impairment losses as at 31 December | 5,153 | 4,578 | 1,927 | 1,518 | |