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On November 5, 2025, Built Cybernetics PLC (AIM:BUC) disposed of its subsidiary, Anders + Kern U.K. Limited ("A+K"), to Barrie Meehan, A+K's Managing Director, for a nominal sum. In the year ended September 30, 2024, A+K recorded a total comprehensive loss of £342,000 and a net liability position of £45,000. Barrie Meehan is a statutory director of A+K.
| Date | 5 Nov 2025 |
| Time | 07:00:10 |
| Category | Disposals |
| ID | 2014G |
5 November 2025
Built Cybernetics plc
("Built Cybernetics", the "Company", or, together with its subsidiaries, the "Group")
Disposal of Anders + Kern U.K. Limited
The Board of Built Cybernetics (AIM:BUC), the smart buildings group, confirms that it has disposed of its subsidiary Anders + Kern U.K. Limited ("A+K") to Barrie Meehan, A+K's Managing Director, for a nominal sum. As set out in the Company's announcement of 1 October the effect of the transaction is to dispose of an entity that has been significantly loss making.
Barrie Meehan is a statutory director of A+K and based on A+K's turnover and operating loss in the year ended 30 September 2024 the disposal is a related party transaction requiring consultation with the Company's nominated adviser. Accordingly, the Directors consider, having consulted with Canaccord Genuity Limited, that the terms of the transaction are fair and reasonable in so far as the shareholders are concerned.
In the year ended 30 September 2024 A+K recorded a total comprehensive loss of £342,000 and concluded that year with a net liability position of £45,000. The business made further losses in the year ended 30 September 2025.
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Investor Enquiries We encourage all investors to share questions on this announcement via our investor hub |
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Built Cybernetics plc Clive Carver, Chairman Nick Clark, Chief Executive |
+44 (0)20 7843 3001 |
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Canaccord Genuity Limited, Nominated Adviser and broker Stuart Andrews Elizabeth Halley-Scott |
+44 (0)20 7523 8000 |
About Built Cybernetics plc
Built Cybernetics is a London-quoted PropTech group delivering Smart Buildings and related services. The Group is uniquely positioned to ensure the technical systems that run modern premises are designed as an integral part of the structure, from the outset. By cross-selling smart buildings services alongside our renowned architecture projects, the Group's strategy positions Built Cybernetics plc to build beyond one-off project fees and generate scalable and recurring revenues for our investors.
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