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An update from Aukett Swanke ( (GB:BUC) ) is now available.
Built Cybernetics has sold its subsidiary, Anders + Kern U.K. Limited, to its Managing Director, Barrie Meehan, for a nominal sum. This decision comes as Anders + Kern has been significantly loss-making, with a comprehensive loss of £342,000 and a net liability of £45,000 in the year ending September 2024, and further losses in 2025. The transaction, considered a related party transaction, was deemed fair and reasonable for shareholders after consultation with Canaccord Genuity Limited.
More about Aukett Swanke
Built Cybernetics is a London-quoted PropTech group specializing in delivering Smart Buildings and related services. The company integrates technical systems into the structure of modern premises and aims to generate scalable and recurring revenues by cross-selling smart building services alongside architecture projects.
Average Trading Volume: 257,502
Technical Sentiment Signal: Hold
Current Market Cap: £6.58M
For an in-depth examination of BUC stock, go to TipRanks’ Overview page.