Page 245 - Sigmaroc Annual-Report 2023

34. BUSINESS COMBINATIONS
Nayles Barn Quarry Limited
On 27 January 2023, the Group acquired 100 per cent. of the share capital of Nayles Barn Quarry Limited (‘Nayles Barn’) for cash consideration of £3.5 million. This was part of the deferred consideration from the JQG acquisition. Nayles Barn is registered and incorporated in England.
The following table summarises the consideration paid for Nayles Barn and the values of the assets and equity assumed at the acquisition date.
Net cash consideration
Trade and other receivables Property, plant & equipment Trade and other payables Investment in Subsidiary Total identifiable net assets Goodwill (refer to note 17) Total consideration
Since 27 January 2023 Nayles Barn hasn’t contributed profit or revenue.
Total consideration
£’000
245
3,500
3,500
Recognised amounts of assets and liabilities acquired
£’000
15
73
(771)
670
(13)
3,513
3,500