28 Related party transactions Sales and purchases in the year and amounts due to/by Whistl Consolidated Limited as at 31 December 2022 to related parties/ undertakings are disclosed below:
Purchase/ recharges to Whistl Group 2022 £’000
Purchase/ recharges to Whistl Group 2021 £’000
Amounts due by Whistl Group 2022 £’000
Amounts due by Whistl Group 2021 £’000
81
-
Business Growth Fund (BGF) PostNL Data Solutions B.V.
78
-
279 227 587
81
236
87
201 282
Prime Vision B.V.
44
44 131
358
The Group has a trading relationship with Lifecycle Marketing (Mother and Baby) Limited in which Nick Wells was a Director and resigned 21 January 2022. The revenue from transactions with the company for the year ended 31 December 2022 amounted to £12,000 (2021: £1,115,000) with an amount of £14,000 (2021: £225,000) due to the Group at the year-end. The Group also has a trading relationship with P2G.Com Worldwide Limited in which James Greenbury is a Director. The revenue from transactions with the company for the year ended 31 December 2022 amounted to £485,000 (2021: £758,000) with an amount of £16,000 (2021: £19,000) due to the Group at the year-end. The expenditure incurred with the company by the Group for the year ended 31 December 2022 amounted to £14,000 (2021: £nil) with an amount of £2,000 (2021: £nil) due to P2G.Com Worldwide Limited by the Group at the year-end.
All transactions were undertaken at arms’ length and on normal commercial terms.
29 Financial Commitments: Group At 31 December, the Group had total future minimum lease payments under non-cancellable operating leases relating to building leases and plant & machinery, which fall due as follows:
2022 £’000
2021 £’000
19,907 50,542 29,138 99,587
Within one year
14,301
Within two and five years
50,064 38,267 102,632
Over five years
Whistl Annual Report 2022
63
Made with FlippingBook interactive PDF creator