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It's perhaps worth quoting a few choice comments from the end of the appeal judgment:

"In many respects, ultimately, this has been an attempt to invite this court simply to say that the majority’s assessment of the credibility of the witnesses and of the evidence was perverse: an invitation that will only rarely be accepted."

"Dissatisfaction on the part of the SRA with the outcome of the very protracted hearing before the Tribunal below cannot of itself ground a successful appeal."

"There is, overall, no proper basis on which the appellate court, on established principles, can legitimately interfere with the assessment of the evidence and the evaluative judgment of the Tribunal on any of the allegations which are the subject of this appeal."

And for that, the SRA is paying out £1m of our money, plus whatever costs they incurred themselves...