BUD FINANCIAL LIMITED
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Cash
£576K
-79.9% lowest in 4 filed years
Net assets
-£5.6M
-281.6% lowest in 3 filed years
Employees
68
-29.2% lowest in 5 filed years
Profit before tax
-£10M
+35.5% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Confirmation statement overdue
Due 2026-07-02.
-
Negative shareholders' funds
Net assets
5-year trend · vs Technology median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2025-11-30
| Metric | Trend | 2020-11-30 | 2021-11-30 | 2022-11-30 | 2024-11-30 | 2025-11-30 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | £2,401,286 | £3,211,680 | +33.7% | |
| Operating profit | — | — | — | -£16,000,969 | -£10,008,806 | +37.4% | |
| Profit before tax | — | — | — | -£15,710,558 | -£10,136,224 | +35.5% | |
| Net profit | -£8,980,312 | — | -£12,149,487 | -£14,681,745 | -£10,137,095 | +31% | |
| Cash | £5,038,997 | — | £21,548,970 | £2,860,705 | £575,585 | -79.9% | |
| Total assets less current liabilities | — | — | — | £3,059,025 | -£3,294,175 | -207.7% | |
| Net assets | £660,737 | — | — | £3,059,025 | -£5,556,334 | -281.6% | |
| Equity | — | — | — | £3,059,025 | -£5,556,334 | -281.6% | |
| Average employees | 73 | 85 | 84 | 96 | 68 | -29.2% | |
| Wages | £7,336,860 | — | — | £8,626,637 | £8,333,931 | -3.4% | |
| Directors' remuneration | — | — | — | £290,425 | £160,000 | -44.9% |
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 | 2020-11-30 | 2021-11-30 | 2022-11-30 | 2024-11-30 | 2025-11-30 |
|---|---|---|---|---|---|---|
| Return on capital employed | — | — | — | -523.1% | — | |
| Gearing (liabilities / total assets) | — | — | — | 36.0% | — | |
| Current ratio | — | — | — | 2.75x | 0.44x | |
| Interest cover | — | — | — | — | -69.24x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Moore Kingston Smith LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- BUD FINANCIAL LIMITED · parent
- Bud Financial, Inc. 100%
- Bud Financial, UAB 100%
Significant events
- “Subsequent to the year end, the Company's £4.48m Convertible Loan Note was approved by the Board for conversion into Ordinary Shares of £0.001 each in accordance with its terms. At the date of signing the audit report, the conversion had been approved, however, the final conversion amount had not yet been finalised.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DUNNING, George Edward | Director | 2017-12-04 | Jan 1990 | British |
| FIELDING, Kelli Elizabeth | Director | 2024-04-01 | May 1974 | British |
| FINK, Stanley, Lord | Director | 2019-10-03 | Sep 1957 | British |
| MASLAVECKAS, Edward | Director | 2015-08-24 | Oct 1989 | British |
| MEUNIER, Marc | Director | 2022-10-12 | Jan 1983 | French,Swiss |
| WAGNER, Maria Trokoudes | Director | 2025-10-28 | Dec 1977 | British |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BATES, Jason Craig | Director | 2017-04-01 | 2018-11-15 |
| BHATIA, Ramanabir Singh | Director | 2018-11-20 | 2020-01-27 |
| BHATIA, Ramanbir Singh | Director | 2020-01-27 | 2024-05-03 |
| BREAR, David Michael | Director | 2016-11-01 | 2018-11-15 |
| CORK, Julian Hartley | Director | 2017-02-01 | 2018-11-15 |
| GKIOKAS, Dimitrios | Director | 2023-01-30 | 2024-02-29 |
| GOSLETT, Dominic Maynard | Director | 2023-11-15 | 2024-03-31 |
| MASLAVECKAS, Andrew | Director | 2015-06-23 | 2018-11-15 |
| RUSSELL, Gail Elizabeth | Director | 2024-02-29 | 2025-09-24 |
| SAHA, Satrajit | Director | 2023-01-26 | 2023-11-01 |
| WARLOP, Reginald | Director | 2020-01-27 | 2022-05-20 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Edward Maslaveckas | Individual | Shares 50–75% | 2016-04-06 | Ceased 2021-11-03 |
Filing timeline
Last 20 of 165 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-20 | AA | accounts | Accounts with accounts type group | |
| 2025-10-28 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-27 | SH01 | capital | Capital allotment shares | |
| 2025-10-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-18 | ANNOTATION | miscellaneous | Legacy | |
| 2025-08-29 | AA | accounts | Accounts with accounts type group | |
| 2025-08-21 | SH01 | capital | Capital allotment shares | |
| 2025-08-14 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-08-14 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-08-06 | SH01 | capital | Capital allotment shares | |
| 2025-07-14 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-07-04 | SH01 | capital | Capital allotment shares | |
| 2025-07-03 | RP04SH01 | capital | Second filing capital allotment shares | |
| 2025-06-30 | RP04SH01 | capital | Second filing capital allotment shares | |
| 2025-06-30 | RP04SH01 | capital | Second filing capital allotment shares | |
| 2025-06-30 | RP04SH01 | capital | Second filing capital allotment shares | |
| 2025-06-27 | RP04SH01 | capital | Second filing capital allotment shares | |
| 2025-06-27 | SH01 | capital | Capital allotment shares | |
| 2025-06-19 | SH01 | capital | Capital allotment shares | |
| 2025-06-19 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 13
- Capital events
- 12
- Officers appointed
- 1
- 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.