REG - Built Cybernetics - Disposal of Anders + Kern U.K. Limited

Built CyberneticsAnnouncement

05/11/2025 07:00

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RNS Number : 2014G  Built Cybernetics PLC  05 November 2025

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.

 

 

 Investor Enquiries                                       https://builtcybernetics.com/link/PBJjKP

                                                        (https://builtcybernetics.com/link/PBJjKP)
 We encourage all investors to share questions

 on this announcement via our investor hub
 Built Cybernetics plc                                    +44 (0)20 7843 3001

 Clive Carver, Chairman

 Nick Clark, Chief Executive
 Canaccord Genuity Limited, Nominated Adviser and broker  +44 (0)20 7523 8000

 Stuart Andrews

 Elizabeth Halley-Scott

 

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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