BUSUU LIMITED
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Cash
£3.1M
+92.8% vs 2023
Net assets
-£55M
-43.6% vs 2023
Employees
114
+1.8% vs 2023
Profit before tax
-£20M
-32.9% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
2-year trend · vs Technology median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £25,559,866 | £29,047,976 | +13.6% | |
| Operating profit | -£15,309,407 | -£18,675,610 | -22% | |
| Profit before tax | -£14,718,047 | -£19,563,154 | -32.9% | |
| Net profit | -£14,518,047 | -£19,509,029 | -34.4% | |
| Cash | £1,611,865 | £3,108,240 | +92.8% | |
| Total assets less current liabilities | -£38,023,068 | -£54,613,386 | -43.6% | |
| Net assets | -£38,199,104 | -£54,867,906 | -43.6% | |
| Equity | -£38,199,104 | -£54,867,906 | -43.6% | |
| Average employees | 112 | 114 | +1.8% | |
| Wages | £9,227,251 | £10,151,463 | +10% | |
| Directors' remuneration | — | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -59.9% | -64.3% | |
| Net margin | -56.8% | -67.2% | |
| Current ratio | 0.13x | 0.14x | |
| Interest cover | -21.72x | -13.33x |
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
- Cooper Parry Group Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis. The company's parent Busuu Online S.L. was acquired by Chegg, Inc, a US listed corporation during the year, and is reliant on funds provided to it by Chegg, Inc. The ultimate parent company has indicated that for at least 12 months from the date of approval of these financial statements it is its current intention to continue to make available such funds as are needed by the company and in particular will not seek repayment on any outstanding balances.. The directors consider that this should enable the company to continue in operational existence for the foreseeable future by meeting its liabilities as they fall due for payment.”
Group structure
- BUSUU LIMITED · parent
- Busuu Servicos Online LTDA 1%
Significant events
- “The company's parent Busuu Online S.L. was acquired by Chegg, Inc, a US listed corporation during the year.”
- “Busuu Servicos Online LTDA was officially wound down on the 11th October 2024.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LONGO, David Michael | Director | 2024-02-09 | Nov 1967 | American |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| INTERTRUST (UK) LIMITED | Corporate Secretary | 2014-05-15 | 2016-09-23 |
| INTERTRUST (UK) LIMITED | Corporate Secretary | 2012-08-08 | 2016-01-01 |
| BROWN, Andrew John | Director | 2022-01-13 | 2024-02-09 |
| NIESNER, Bernhard | Director | 2012-08-08 | 2022-01-13 |
| SCHULTZ, Nathan Jared | Director | 2022-01-13 | 2025-10-27 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Chegg, Inc. | Corporate entity | Shares 75–100% | 2022-01-13 | Active |
| Mr Bernhard Niesner | Individual | Significant influence | 2016-04-06 | Ceased 2022-01-13 |
| Mr Adrian Dominik Hilti | Individual | Significant influence | 2016-04-06 | Ceased 2020-01-30 |
Filing timeline
Last 20 of 66 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-04-21 RESOLUTIONS Resolution
- 2026-04-21 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-21 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-21 | RESOLUTIONS | resolution | Resolution | |
| 2026-04-21 | MA | incorporation | Memorandum articles | |
| 2025-08-27 | AA | accounts | Accounts with accounts type full | |
| 2025-08-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-07 | AD02 | address | Change sail address company with old address new address | |
| 2025-06-14 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-09-27 | AA | accounts | Accounts with accounts type full | |
| 2024-08-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-21 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-21 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-25 | AA | accounts | Accounts with accounts type full | |
| 2023-08-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-24 | AA | accounts | Accounts with accounts type full | |
| 2022-08-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-08 | AD02 | address | Change sail address company with old address new address | |
| 2022-01-18 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2022-01-18 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-01-18 | AP01 | officers | Appoint person director company with name date | |
| 2022-01-17 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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.