11. Cash and cash equivalents

1. As of 31 December 2024, the short-term deposit accounts with Barclays Bank and Royal Bank of Scotland had 32 and 35 days withdrawal notice periods, with corresponding interest rates of 2.70% and 2.95% respectively (2023: 30 day withdrawal notice periods, and 3.45% and 4.20% interest rates respectively).

2024

£’000

2023

£’000

Cash and demand balances at banks

64,772

71,293

Short-term deposits1

38,586

135,862

103,358

207,155