UK Companies House feature
BITRISE LIMITED
Cash
£1M
+40.2% vs 2019
Net assets
-£11M
-236% vs 2019
Employees
103
+71.7% vs 2019
Profit before tax
-£8M
-164.5% vs 2019
Profile
- Company number
- 09594679
- Status
- Active
- Incorporation
- 2015-05-16
- Last accounts made up
- 2024-12-31
- Account category
- FULL
- Primary SIC
- 62090
Net assets
2-year trend · vs UK AI & Enterprise SaaS median
Accounts
2-year trend · latest 2020-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 |
|---|---|---|---|
| Turnover | £3,897,499 | £6,188,718 | |
| Operating profit | -£2,870,324 | -£7,503,366 | |
| Profit before tax | -£2,931,478 | -£7,752,496 | |
| Net profit | — | — | |
| Cash | £726,613 | £1,018,653 | |
| Total assets less current liabilities | £441,940 | -£856,010 | |
| Net assets | -£3,334,213 | -£11,202,313 | |
| Equity | £3,334,213 | £11,202,313 | |
| Average employees | 60 | 103 | |
| Wages | — | — |
Values shown as filed in iXBRL accounts. — indicates the figure was not present in the extracted filing (either not filed under that concept or absent from the period). About these numbers
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- RSM UK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In order to assess the going concern assumption, the directors have considered detailed trading and cash flow projections for a period of at least 12 months from the date of approval of these financial statements with key considerations such as cash reserves on hand. Bitrise Limited has projected increasing revenues in future periods.. The company is reliant on support of the parent company. Amounts of £12.4m and £3.5m are included in creditors due within one year and creditors due after one year respectively. Bitrise Inc has formally confirmed their intention to support the company for a period of at least 12 months from the date of approval of these accounts, and on that basis the director considers it appropriate to adopt the going concern basis in preparing the financial statements.”
Significant events
- “The economic climate and geopolitical challenges present in 2024 created uncertainty for Bitrise and business abroad but overall Bitrise has managed to stabilise its global operations and is cash and net income neutral as a group in 2024. There were no major restructuring or layoffs in 2024 and the headcount was stable across the year.”
Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers
People
2 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BIRMACHER, Barnabás | Director | 2015-05-16 | Sep 1988 | Hungarian |
| WALSH, Anna Lena | Director | 2025-06-05 | Oct 1976 | Irish |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BALLA, Dániel András | Director | 2015-05-16 | 2015-06-12 |
| BENEI, Viktor | Director | 2015-05-16 | 2018-06-20 |
| BOCSKOV, Jordan Jordanov | Director | 2015-06-26 | 2018-06-20 |
| SZIGETLAKI, Zsolt | Director | 2015-05-16 | 2015-06-12 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Bitrise Inc. | Corporate entity | Shares 75–100% | 2016-12-13 | Ceased 2016-12-13 |
Filing timeline
Last 20 of 40 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-01-04 | AA | accounts | accounts with accounts type full |
| 2025-06-05 | AP01 | officers | appoint person director company with name date |
| 2025-05-28 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2025-01-02 | AA | accounts | accounts with accounts type full |
| 2024-05-17 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2023-10-11 | AA | accounts | accounts with accounts type small |
| 2023-05-24 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2023-04-18 | AA | accounts | accounts with accounts type small |
| 2022-12-14 | AA01 | accounts | change account reference date company previous shortened |
| 2022-05-16 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2021-09-30 | AA | accounts | accounts with accounts type total exemption full |
| 2021-05-17 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2021-03-15 | AD01 | address | change registered office address company with date old address new address |
| 2020-11-27 | AA | accounts | accounts with accounts type unaudited abridged |
| 2020-05-18 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2020-03-13 | PSC08 | persons-with-significant-control | notification of a person with significant control statement |
| 2020-03-13 | PSC07 | persons-with-significant-control | cessation of a person with significant control |
| 2019-09-30 | AA | accounts | accounts with accounts type unaudited abridged |
| 2019-07-30 | AD01 | address | change registered office address company with date old address new address |
| 2019-05-16 | CS01 | confirmation-statement | confirmation statement with no updates |
Credit score
Altman Z″ (private-firm) · reference 2020-12-31
-48.10
DISTRESS
Altman Z″
- Working capital / Total assets -0.501 × 6.56 = -3.29
- Retained earnings / Total assets -7.980 × 3.26 = -26.01
- EBIT / Total assets -2.673 × 6.72 = -17.96
- Book equity / Total liabilities -0.800 × 1.05 = -0.84
Bands: > 2.6 safe · 1.1–2.6 grey · < 1.1 distress. Z″ is a public-formula baseline, not a substitute for adverse-data signals (CCJs, charges, gazette notices) — those land in a later pass.
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory