Goodwill And Intangible Assets

The Group establishes a reliable estimate of the useful life of goodwill and intangible assets arising on business combinations. This estimate is based on a variety of factors such as the expected use of the acquired business, the expected useful life of the cash generating units to which the goodwill is attributed, any legal, regulatory or contractual provisions that can limit useful life and assumptions that market participants would consider in respect of similar business. Recoverability of trade and related party debtors An estimate is applied to assess the recoverability of trade and related party debtors. Factors such as the age of the debt and historic payment experience are used in making this estimation.

|                                                                                  | Year ended   | Period ended   |              |
|----------------------------------------------------------------------------------|--------------|----------------|--------------|
|                                                                                  | 31 December  | 31 December    |              |
|                                                                                  | 2022         | 2021           |              |
|                                                                                  | £000         | £000           |              |
| Direct sales commissions and other related income                                | 205,925      | 118,624        |              |
| Other income from related services                                               | 102,017      | 10,297         |              |
| Revenue from non-insurance business                                              | 106,747      | 39,738         |              |
| Rental income                                                                    | 97           | 410            |              |
|                                                                                  | 414,786      | 169,069        |              |
| Turnover arises from the following geographical locations: United Kingdom        | 413,507      | 168,722        |              |
| USA                                                                              | 1,279        | 347            |              |
|                                                                                  | 414,786      | 169,069        |              |
| 5. Administrative expenses                                                       |              | Year ended     | Period ended |
|                                                                                  | 31 December  | 31 December    |              |
|                                                                                  | 2022         | 2021           |              |
| Administrative expenses are stated after charging:                               | Note         | £000           | £000         |
| Operating lease expenses                                                         | 25           | 9,191          | 3,975        |
| Amortisation of intangible assets                                                | 9            | 30,473         | 10,255       |
| Amortisation of goodwill                                                         | 9            | 46,065         | 13,953       |
| Depreciation of tangible assets                                                  | 10           | 7,856          | 2,448        |
| Loss on disposal of fixed assets                                                 | 44           | -              |              |
| Profit on disposal of subsidiary                                                 | 14           | (4,686)        | -            |
|                                                                                  |              | Year ended     | Period ended |
|                                                                                  | 31 December  | 31 December    |              |
|                                                                                  | 2022         | 2021           |              |
| Auditor's remuneration                                                           |              | £000           | £000         |
| Audit of the consolidated and individual financial                               | 2,332        | 2,500          |              |
| statements of Group entities Non audit services Audit-related assurance services | 30           | 30             |              |
| Taxation and other advisory services                                             | 622          | 934            |              |
| Total non-audit services                                                         | 652          | 964            |              |
| Total auditor's remuneration                                                     | 2,984        | 3,464          |              |

| The aggregate payroll costs incurred during the year were:   | Year ended   | Period ended   |
|--------------------------------------------------------------|--------------|----------------|
| 31 December                                                  | 31 December  |                |
| 2022                                                         | 2021         |                |
| £000                                                         | £000         |                |
| Wages and salaries                                           | 148,544      | 54,611         |
| Social security costs                                        | 14,678       | 5,142          |
| Other pension costs                                          | 7,066        | 1,853          |
|                                                              | 170,288      | 61,606         |

|                                                                    | Year ended   | Period ended   |
|--------------------------------------------------------------------|--------------|----------------|
|                                                                    | 31 December  | 31 December    |
|                                                                    | 2022         | 2021           |
| The average number of persons employed by the Group                | No.          | No.            |
| during the period was: Management and administration               | 2,748        | 2,607          |
| Operations                                                         | 2,237        | 923            |
|                                                                    | 4,985        | 3,530          |
| Directors' remuneration                                            | Year ended   | Period ended   |
|                                                                    | 31 December  | 31 December    |
|                                                                    | 2022         | 2021           |
| The aggregate Executive Directors' remuneration for the period is: | £000         | £000           |
| Remuneration                                                       | 5,368        | 1,890          |
| Company contributions to defined contribution pension plans        | 4            | 3              |
|                                                                    | 5,372        | 1,893          |
| Highest paid Director: Aggregate remuneration                      | 2,102        | 818            |
| Payments to defined contribution pension plans                     | 2            | 1              |

In addition to the above, £13,769k (2021: £1,229k) of staff costs have been capitalised as part of additions to software development costs in intangible assets. All Executive Directors accrue benefits under the Group's defined contribution pension plans. The Non-Executive Directors are not employed by the Group, however, in addition to the Executive Directors' remuneration above, total fees of £225k (2021: £77k) were paid to the Non-Executive Directors in the period.