BANKED LTD
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Cash
£1.2m
-57.9% vs 2024
Net assets
-£17m
-5,143.3% lowest in 5 filed years
Employees
54
-37.2% vs 2024
Profit before tax
-£21m
-37.1% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
5-year trend · vs Technology median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2020-11-30 | 2021-11-30 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | £52,793 | £717,160 | £1,119,656 | +56.1% | |
| Operating profit | — | — | -£23,461,425 | -£15,148,107 | -£20,322,314 | -34.2% | |
| Profit before tax | — | — | -£23,568,524 | -£15,507,335 | -£21,260,953 | -37.1% | |
| Net profit | — | -£3,410,880 | -£21,268,179 | -£13,001,333 | -£17,917,421 | -37.8% | |
| Cash | £561,103 | £2,726,536 | £5,647,648 | £2,773,438 | £1,168,476 | -57.9% | |
| Total assets less current liabilities | £324,079 | £2,024,338 | £1,855,029 | £6,133,393 | -£10,728,737 | -274.9% | |
| Net assets | — | — | -£2,438,161 | -£328,338 | -£17,215,667 | -5,143.3% | |
| Equity | £324,079 | £2,024,338 | -£2,438,161 | -£328,338 | — | — | |
| Average employees | 17 | 25 | 117 | 86 | 54 | -37.2% | |
| Wages | — | — | £13,962,116 | £10,325,629 | £6,744,164 | -34.7% | |
| Directors' remuneration | — | — | £596,884 | £433,605 | £356,542 | -17.8% | |
| Directors' pension contributions | — | — | — | — | £7,337 | — | |
| Highest paid director | — | — | £596,884 | £433,605 | £356,542 | -17.8% |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|
| Return on capital employed | — | — | -1264.7% | -247.0% | — | |
| Gearing (liabilities / total assets) | — | — | 132.0% | 102.8% | 1068.5% | |
| Current ratio | — | — | 1.31x | 0.75x | 0.14x | |
| Interest cover | — | — | — | -42.03x | -21.46x |
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.
Name history
Renamed 1 time since incorporation
- BANKED LTD 2019-01-30 → present
- STUDIOH67 LTD 2017-11-03 → 2019-01-30
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Sumer Auditco Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Accordingly, the directors have a reasonable expectation that the group will continue in operational existence for the foreseeable future and have therefore prepared the financial statements on a going concern basis.”
Group structure
- BANKED LTD · parent
- Pay by B UAB 100%
- Banked Inc. 100%
- BKD Payments Ltd 100%
- Studio H67 Pty Ltd 100%
- Banked PTE. Ltd. 100%
- Waave Holdings Pty Ltd 100%
- Waave Technologies Pty Ltd 100%
- Waave Inc 100%
Significant events
- “Since the end of the year, the Group has deregistered its Financial Conduct Authority (FCA) licence.”
- “On 13 February 2026, 274,336 Ordinary shares of £0.0001 each were issued for aggregate consideration of £7,615,473 as part of a share for share exchange to purchase the group headed by Waave Holdings Pty Ltd.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| NICOLAOU, Paris | Secretary | 2026-05-01 | — | — |
| RICHARDS, Georgina Emily | Secretary | 2026-05-01 | — | — |
| STAHR, Charlene Shia Ying | Secretary | 2026-05-01 | — | — |
| DUNCAN, Neil Wesley | Director | 2026-05-01 | Aug 1978 | British |
| GOODALL, Brad Daniel | Director | 2017-11-03 | Mar 1981 | Australian |
| SMITH, Marni Elizabeth | Director | 2026-05-01 | Dec 1973 | Australian |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COEN, Filip | Director | 2020-03-26 | 2026-05-01 |
| ROSENTHAL, Marc | Director | 2023-01-25 | 2024-01-25 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| National Australia Bank Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2026-05-01 | Active |
| Neil Ambler | Individual | Shares 25–50%, Voting 25–50% | 2017-11-03 | Ceased 2020-09-09 |
| Brad Daniel Goodall | Individual | Shares 25–50%, Voting 25–50% | 2017-11-03 | Ceased 2020-09-09 |
Filing timeline
Last 20 of 99 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-05-28 MA Memorandum articles
- 2026-05-28 RESOLUTIONS Resolution
- 2025-11-28 RESOLUTIONS Resolution
- 2025-11-20 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-29 | AA | accounts | Accounts with accounts type group | |
| 2026-05-28 | MA | incorporation | Memorandum articles | |
| 2026-05-28 | RESOLUTIONS | resolution | Resolution | |
| 2026-05-14 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-05-13 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-05-13 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2026-05-11 | TM01 | officers | Termination director company with name termination date | |
| 2026-05-11 | AP01 | officers | Appoint person director company with name date | |
| 2026-05-11 | AP03 | officers | Appoint person secretary company with name date | |
| 2026-05-11 | AP01 | officers | Appoint person director company with name date | |
| 2026-05-11 | AP03 | officers | Appoint person secretary company with name date | |
| 2026-05-11 | AP03 | officers | Appoint person secretary company with name date | |
| 2026-05-11 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-11-28 | RESOLUTIONS | resolution | Resolution | |
| 2025-11-28 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-11-26 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-11-20 | MA | incorporation | Memorandum articles | |
| 2025-10-06 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-06 | SH01 | capital | Capital allotment shares | |
| 2025-08-06 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 19
- Capital events
- 1
- Officers appointed
- 5
- 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.