BUD SYSTEMS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-09-17 (in 4mo)
Last made up 2025-09-03
Watchouts
None on the register
Cash
£187K
-41.6% vs 2023
Net assets
£4M
-5.2% first positive since 2021
Employees
59
-1.7% vs 2023
Profit before tax
-£1M
+29% vs 2023
Net assets
6-year trend · vs Technology median
Accounts
6-year trend · latest reflected 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 the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Net margin | — | — | — | — | -31.8% | -26.3% |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- 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 and subsidiary information is drawn from the narrative of the latest annual accounts. 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 |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 1
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+14.5%
£4,131,823 £4,729,405
-
Cash
-41.6%
£319,920 £186,942
-
Net assets
-5.2%
£4,410,296 £4,182,666
first positive since 2021
-
Employees
-1.7%
60 59
-
Profit before tax
+29%
-£1,739,479 -£1,235,399
-
Wages
+57.2%
£2,375,253 £3,733,048
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers