Boudicca Proxy Ltd

Private Limited Company · Worthing

ActiveUnited KingdomIncorporated 2011Private Limited Company

Financial position

Accounts to 2025-12-31 · GBP · Company accounts

Net assets

£4,866,000

Cash

—

Turnover

£1,670,000

Profit / loss

£468,000

Current assets

£5,159,000

Creditors < 1 year

£293,000

Equity

£4,866,000

Average employees

Not available

Balance-sheet trend

GBP · company

Financial statements

Selected figures from the best-ranked available filing for each period. Missing values remain unknown.

8 periods

Some figures were read by AI from scanned accounts, so small errors are possible. View the filed accounts

Reported figures	2025-12-31Company · AI-read	2024-12-31Company · AI-read	2018-03-3112 months	2017-03-3112 months	2016-03-31	2015-03-31	2014-03-31	2013-03-31
Balance sheet
Net assets	£4,866,000	£4,398,000	£548,506	£362,182	£345,121	£322,728	£245,764	£182,728
Equity	£4,866,000	£4,398,000	£548,506	£362,182	£345,121	£322,728	£245,764	£182,728
Retained earnings	£4,866,000	£4,398,000	—	—	—	—	—	—
Assets
Fixed assets	—	—	—	—	—	—	£13,764	£5,744
Property, plant & equipment	—	—	£55,846	£57,162	£10,865	£10,695	£13,764	£5,744
Current assets	£5,159,000	£4,942,000	£844,801	£636,237	£614,203	£644,374	£345,178	£378,742
Cash at bank	—	—	£268,108	£407,863	£435,959	£560,485	£302,907	£321,644
Debtors	£5,159,000	£4,925,000	£576,693	£228,374	£178,244	£83,889	£42,271	£57,098
Liabilities
Creditors within one year	£293,000	£544,000	—	—	—	£209,284	£113,178	£201,758
Creditors after one year	—	—	—	—	—	£123,057	£0	—
Net current assets	—	—	£492,660	£427,996	£466,049	£435,090	£232,000	£176,984
Assets less current liabilities	—	—	£548,506	£485,158	£476,914	£445,785	£245,764	£182,728
Profit & loss
Turnover	£1,670,000	£1,954,000	—	—	—	—	—	—
Administrative expenses	£152,000	£118,000	—	—	—	—	—	—
Interest receivable	—	£4,000	—	—	—	—	—	—
Profit before tax	£599,000	£663,000	—	—	—	—	—	—
Tax	£131,000	£166,000	—	—	—	—	—	—
Profit / loss	£468,000	£497,000	—	—	—	—	—	—
Dividends	£0	—	—	—	—	—	—	—
People & pay
Average employees	—	—	14	10	—	—	—	—
Source evidence	View filing	View filing	View filing	View filing	View filing	View filing	View filing	View filing

From the accounts

What the accounts for 2025-12-31 say about themselves, read by AI from the scanned filing.

Audit: Small company audit exemption (s477)
Immediate parent: Equiniti Holdings Limited
Ultimate parent: Orbit Private Holdings I Ltd.
Ultimate controlling party: Orbit Private GP, LLC
Accounts: Small company · FRS 101
Approved: 2026-08-08, signed by R Bates

Turnover by segment (2)

Rendering of services: 1,670 (000s) (2025-12-31)
Rendering of services: 1,954 (000s) (2024-12-31)

Share classes (2)

1 Ordinary shares of £1 each of £1
1 Ordinary shares of £1 each of £1

Events after the year end (1)

In May 2026 it was announced that the Group has entered into a definitive agreement to be acquired by Bullish (NYSE: BLSH), a regulated digital asset exchange serving major financial institutions and listed on the New York Stock Exchange. This deal is expected to complete in January 2027.

Contingent liabilities (2)

The Company, along with other companies in the Group, has provided a guarantee in relation to a Senior Facilities Agreement comprising term loans and a revolving credit facility made available to Earth Private Holdings Limited and Armor Holdco, Inc. As at year end the facilities comprise term loans of US $1,500m, and a multicurrency revolving credit facility of US $235.0m, of which the drawn balance was £nil at 31 December 2025. The term loan facilities are repayable in 2031.
All equity interests in the guarantors, along with any wholly-owned subsidiaries of the guarantor, have been pledged as a security for the Senior Facilities Agreement.