Getbusy plc AIM:GETB
- Incorporated
- United Kingdom
- Chief executive
- Daniel Rabie
- Employees
- 139
- Reports in
- GBP
- Companies House
- 10828058
Read straight from the annual reports
82.0p at close on 8 Oct 2026 · 10 reported years, 2016–2025
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GBP millions, negatives in brackets. Per-share lines in pence, share counts in millions. later is what a following report restated the figure to; vs is a second reading that disagrees. The figure shown is the one the original filing printed, and both readings are kept. Click any figure: opens the report page it was read from, highlighted; shows how it was calculated. The share price above is drawn to the same columns: each close sits over the financial year it fell in.
10 years, at a glance
Dashed: Operating margin, in % on its own scale — read its shape, not its height against the bars.
GetBusy sells online document-management and workflow software to accountants and other professional firms through its SmartVault and Workiro businesses. Revenue rose 2.8% to £22.1m (previous year £21.4m), but the company swung from a profit before tax of £594k to a loss before tax of £1.0m. Costs rose faster than sales, largely because of performance bonuses linked to strong SmartVault sales. More cloud sales and higher payments to partners also meant less of each pound of revenue was kept after direct costs. A UK research tax credit that helped the previous year was much smaller after rule changes. Two one-offs partly offset each other: restructuring costs, and a gain from lowering an amount expected to be owed for an earlier acquisition. Year-end cash was £2.5m, with £1.6m borrowed from a director and major shareholder. No new shares were issued and no dividend was paid. Instead, the company aims for £150m of cash returns to shareholders over time. Management expects roughly break-even to slightly profitable results in the medium term. The auditor gave a clean opinion with no going-concern doubt, but the report warns the loss-making group may need to raise money in future.
SmartVault ARR growth from higher new business volumes and pricing in the core US tax preparation market (new business up 55%)
SmartVault continued to execute with strong commercial discipline throughout the year, focusing investment on the core tax preparation market... New business in this core segment accounted for 95% of new business. New business in this core segment increased by 55%
page 14SmartRequestAI launch driving ARPU uplift and expanding addressable market into workflow automation
SmartRequestAI automates the most time-consuming element of tax preparation... many customers spending more than twice their core subscription value on the capability
page 14Gross margin decline to 87.6% (2024: 89.5%) from greater mix of cloud products (SmartVault, Workiro) vs on-premise Virtual Cabinet, and higher partner revenue share
Gross margin of 87.6% (2024: 89.5%) reflects the greater proportion of revenue from our cloud products...compared to on-premise Virtual Cabinet...together with higher partner revenue share
page 16Higher SG&A from performance-based compensation tied to sales performance and ARR acceleration
SG&A costs of £15.8m (2024: £14.4m) reflect higher performance-based compensation, notably related to the sales performance and accelerating ARR in SmartVault, together with higher marketing and premises costs
page 16SmartVault is evolving into a platform that sits at the centre of the tax preparation workflow. With strong underlying demand, structurally low churn, and significant operating leverage, SmartVault is well positioned to deliver sustained ARR growth and rapidly increasing cash generation over the coming years.
page 12No ordinary dividend paid or proposed; strategy is to deliver material cash returns to shareholders via a medium-term £150m cash distribution target, executed through the Cash Distribution Plan (CDP) mechanism (vesting at gross cash distributions between £70m-£150m within 7 years of March 2023) rather than a conventional dividend
page 9Directors adopted the going concern basis having reviewed base case forecasts to 30 June 2027 plus a reasonable worst-case scenario (reduced new business, increased churn) with identified mitigating cost actions; auditor MHA issued an unqualified/unmodified opinion that the financial statements give a true and fair view, with no material uncertainty regarding going concern identified; Key Audit Matters were revenue recognition and capitalisation of development costs; audit materiality was £265k (1.2% of Group revenue)
page 38- Inability to agree suitable terms for strategic divestments / failure to realise material medium-term cash returns to shareholdersp.19
- Frontier AI models could disrupt/displace conventional SaaS document workflow applications, increasing churn and pricing pressurep.19
- Virtual Cabinet's on-premise architecture becoming uncompetitive as the market shifts to cloud solutionsp.19
- Data security breach or compliance failure given large volumes of sensitive client data handledp.19
Read from C000542-AR-2025-ch.
9 annual reports read, FY2017 to FY2025
Open a year to see what its report said. Every line in it carries the page it was read from.
Sources: Companies House (9)
FY2026Next report expected 30 Mar 2027