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Built Cybernetics PLC on Wednesday said it expects revenue for the 12 months to the end of September to exceed the previous year. The London-based company focused on smart buildings reported revenue of £19.7 million in financial 2024. However, the company said revenue in the Smart Buildings division in the second half of the year is unlikely to match the first due to ‘an unexpectedly quiet August’ in Vanti, particularly in Stage Technology. The firm said order intake in September has been strong, with projects set to start in the new financial year. The performance of ecoDrive has been in line with expectations, Built Cybernetics added. Shares in Build Cybernetics were down 9.2% at 2.04 pence in London on Wednesday afternoon. The company said the Architecture division had a stronger second half of the year. Built Cybernetics said it expects the group’s ‘overall outcome’ for the second half of the year to be a small loss. In the previous year’s results, the company impaired the goodwill for subsidiary Anders + Kern UK Ltd due to its ‘significant losses’. ‘Disappointingly, further cost cutting has not had sufficient impact, and in the year just ended A+K will again be a sizeable component of the group’s loss for the period,’ the firm said. As a result, Built Cybernetics has started discussions to sell A+K. The company said it has been ‘delighted by the take up of our loan note’ by both existing and new investors. The total amount subscribed is £1.1 million. Built Cybernetics said it has ‘provided valuable liquidity to the group’s balance sheet and a stronger basis on which to develop the group’s businesses’. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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