UK Companies House feature
BUD SYSTEMS LIMITED
Cash
£187K
-41.6% vs 2023
Net assets
£4M
-5.2% vs 2023
Employees
59
-1.7% vs 2023
Profit before tax
-£1M
+29% vs 2023
Profile
- Company number
- 10455960
- Status
- Active
- Incorporation
- 2016-11-01
- Last accounts made up
- 2024-12-31
- Account category
- FULL
- Primary SIC
- 62012
Net assets
6-year trend · vs UK AI & Enterprise SaaS median
Accounts
6-year trend · latest 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £4,131,823 | £4,729,405 | |
| Operating profit | — | — | — | — | — | — | |
| Profit before tax | — | — | — | — | -£1,739,479 | -£1,235,399 | |
| Net profit | — | — | — | — | -£1,313,609 | -£1,245,848 | |
| Cash | £337,061 | £114,247 | £979,549 | — | £319,920 | £186,942 | |
| Total assets less current liabilities | — | £1,087,168 | £3,783,032 | — | £4,441,879 | £4,208,418 | |
| Net assets | — | £1,043,380 | -£619,292 | — | £4,410,296 | £4,182,666 | |
| Equity | — | £1,043,380 | — | £5,447,440 | £4,410,296 | £4,182,666 | |
| Average employees | 32 | 39 | 53 | — | 60 | 59 | |
| Wages | — | — | — | — | £2,375,253 | £3,733,048 |
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
- Hazlewoods LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“During the year, further equity was introduced into the Company by the existing shareholders to support the development of the product. Recent and forecast performance demonstrates the Company can deliver its plan without the need for further investment. Any short term working capital requirements can be satisfied by the Company's approved overdraft facility. The existing shareholders are committed to ensuring the longer-term financial stability of the Company. On this basis, the directors conclude that it is appropriate to continue to use the going concern basis of preparation.”
Significant events
- “This financial year has seen continued rapid growth. Revenue grew by 14% year-on-year. The business generates the majority of its income through recurring subscription revenues with client retention remaining high during the period. We made significant investments across both technology and our team in 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
4 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FRANKHAM, Heather | Director | 2016-11-01 | Jul 1968 | British |
| INGRAM, John Paul | Director | 2021-10-04 | May 1968 | British |
| MATTHEWS, Luke Edward | Director | 2022-09-13 | Mar 1982 | British |
| WHITBY, Mark Hindhaugh | Director | 2023-02-27 | Oct 1964 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| QUAYSECO LIMITED | Corporate Secretary | 2017-01-17 | 2021-02-25 |
| DAWES, Matthew Gregory | Director | 2017-11-01 | 2020-06-12 |
| FOSTER, David Andrew | Director | 2017-01-17 | 2022-09-13 |
| QUINN, Nicola Anne | Director | 2017-01-09 | 2017-09-21 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mrs Heather Frankham | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-11-01 | Ceased 2017-11-01 |
| Heather Frankham | Individual | Shares 50–75%, Voting 50–75% | 2016-11-01 | Active |
Filing timeline
Last 20 of 61 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2025-09-13 | CS01 | confirmation-statement | confirmation statement with updates |
| 2025-09-13 | AD02 | address | change sail address company with old address new address |
| 2025-08-08 | AA | accounts | accounts with accounts type full |
| 2024-11-27 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2024-09-03 | CS01 | confirmation-statement | confirmation statement with updates |
| 2024-07-09 | CS01 | confirmation-statement | confirmation statement with updates |
| 2024-06-13 | AA | accounts | accounts with accounts type full |
| 2024-05-23 | SH01 | capital | capital allotment shares |
| 2023-07-05 | CS01 | confirmation-statement | confirmation statement with updates |
| 2023-04-28 | AA | accounts | accounts with accounts type small |
| 2023-03-16 | AP01 | officers | appoint person director company with name date |
| 2023-01-20 | RESOLUTIONS | resolution | resolution |
| 2022-09-29 | PSC04 | persons-with-significant-control | change to a person with significant control |
| 2022-09-28 | TM01 | officers | termination director company with name termination date |
| 2022-09-28 | AP01 | officers | appoint person director company with name date |
| 2022-09-28 | SH01 | capital | capital allotment shares |
| 2022-09-28 | SH01 | capital | capital allotment shares |
| 2022-09-27 | SH02 | capital | capital alter shares subdivision |
| 2022-09-27 | RESOLUTIONS | resolution | resolution |
| 2022-09-27 | MA | incorporation | memorandum articles |
Credit score
Altman Z″ (private-firm) · reference 2024-12-31
3.67
SAFE
Altman Z″
- Working capital / Total assets 0.052 × 6.56 = +0.34
- Retained earnings / Total assets 0.000 × 3.26 = +0.00
- EBIT / Total assets -0.243 × 6.72 = -1.63
- Book equity / Total liabilities 4.727 × 1.05 = +4.96
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