Big Technologies' £38.5 Million Buddi Litigation Settlement
On 19 January 2026 Big Technologies announced a £38.5m cash settlement of the Buddi shareholder litigation — £31.5m immediately and £7m over 18 monthly instalments.
- 1.Big Technologies agreed a £38.5m full and final settlement on 19 January 2026.
- 2.£31.5m was payable immediately.
- 3.£7m was payable through 18 monthly instalments.
- 4.The company described the settlement as resolving significant uncertainty.
- 5.The settlement is not, by itself, an admission of liability.
On 19 January 2026 Big Technologies announced a £38.5 million full and final settlement of the Buddi shareholder litigation. The settlement was payable in cash, in two parts.
What the company said
Big Technologies described the settlement as resolving significant uncertainty associated with the Buddi litigation. The settlement removed a contingent liability that had been weighing on the group's reported results.
Resolving significant uncertainty.
— Paraphrased from the company's 19 January 2026 announcement. Read the original via the source link above.
What a settlement does — and does not — establish
A settlement is an agreement to end litigation on agreed terms. It is not, by itself, an admission that the underlying claims were well-founded, and it does not establish every factual allegation made by the claimants. This publication does not describe the £38.5m settlement as proof of wrongdoing unless the settlement terms or an authoritative source explicitly say so.
Accounting impact
The settlement gave rise to a £38.5m provision in the 2025 audited results, a major component of the £52.319m of adjusting operating items that turned a £24.6m adjusted EBITDA into a £23.015m statutory operating loss. The financial impact page sets out the full comparison.
Sources & documents used in this article
- [1] Big Technologies plc / FCA NSM, RNS 3223P, 19 January 2026 — Further Litigation UpdateRead original ↗
- [2] Big Technologies plc, Audited Results 2025 (RNS 5284Y), 30 March 2026