BANKED LTD

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

• Turnover

  +1,258.4%

  £52,793 → £717,160

• Cash

  -50.9%

  £5,647,648 → £2,773,438

• Net assets

  +86.5%

  -£2,438,161 → -£328,338

• Employees

  -26.5%

  117 → 86

• Operating profit

  +35.4%

  -£23,461,425 → -£15,148,107

• Profit before tax

  +34.2%

  -£23,568,524 → -£15,507,335

• Wages

  -26%

  £13,962,116 → £10,325,629

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

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.

1. BANKED LTD 2019-01-30 → present
2. STUDIOH67 LTD 2017-11-03 → 2019-01-30

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

Sumer Auditco Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Based on the funding secured as at the date of this report, the expected finalisation of further agreements, and the strong strategic relationships in place with investors (and as further detailed under "Accounting Policies - Going Concern"), the directors are satisfied that the group has adequate resources to operate for the foreseeable future, covering at least 12 months from the date of approval of this report.”

Group structure

1. BANKED LTD · parent
   1. Pay by B UAB 100% · Lithuania · Intermediation of payment transactions
   2. Banked Inc. 100% · USA · Exploration of fintech activities
   3. BKD Payments Ltd 100% · Israel · Intermediation of payment transactions
   4. Studio H67 Pty Ltd 100% · Australia · Intermediation of payment transactions
   5. Banked PTE. Ltd. 100% · Singapore · Intermediation of payment transactions
   6. Waave Holdings Pty Ltd 100% · Australia · Holding company
   7. Waave Technologies Pty Ltd 100% · Australia · Computer network systems design

Significant events

• “In March 2025, the terms of convertible loan note raised with the new investor were amended, including (among other changes) an increase in the quantum from $3 million to $3.75 million.”
• “The company is in the process of an additional fundraise as mentioned above. Otherwise, no material events since the end of the financial period.”
• “Waave Holdings Pty Ltd and its subsidiaries (Waave Technologies Pty Ltd and Waave Inc) were acquired on 5 December 2024. Results post-acquisition have been included in the consolidated income statement.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

8

last 12 months

Capital events

8

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.