Bud Systems Limited
10455960
Some Concerns
- Loss before tax (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Last accounts
31/12/2024
full
Next accounts due
30/09/2026
Confirmation statement
Last: 03/09/2025
Due 17/09/2026
Industry
Officers
director · Since 01/11/2016
DIRECTOR
BRITISH · UNITED KINGDOM · Age 57
Also on 3 other boards
director · Since 13/09/2022
INVESTOR DIRECTOR
BRITISH · ENGLAND · Age 44
Also on 13 other boards
Persons with Significant Control
Heather Frankham
British · United Kingdom · Age 57
40, Berkeley Square, Bristol, BS8 1HP
Notified 01/11/2016
Former PSCs
Mrs Heather Frankham
Ceased 01/11/2017
Charges1 outstanding
HANDELSBANKEN PLC
CompanyRankvs 5454+ SIC 62012 peers57
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue. Our responsibilities and the responsibilities of the directors with respect t
Key FinancialsYear ending 31/12/2024
Turnover
£4.7M
Annual revenue
Net Worth
£4.2M
Balance sheet strength
Cash
£187k
Cash in the bank
Profit Before Tax
-£1.2M
Bottom line earnings
Net Current Assets
£261k
Working capital
Current Assets
£1.1M
Current Liabilities
£859k
Fixed Assets
£3.9M
Debtors
£933k
Cost of Sales
£509k
Gross Profit
£4.2M
Admin Expenses
£5.5M
Profit After Tax
-£1.2M
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 1.30 | -£1.3M |
| 2022 | 3.63 | +£6.1M |
| 2021 | 3.59 | -£1.7M |
| 2020 | 0.48 | -£1.3M |
| 2019 | 2.44 | -£339k |
| 2018 | 6.63 | — |
Derived from filed accounts. Not audited figures.