Big Technologies Called 2025 a "Turbulent and Consequential Year"
Based principally on the company's own 2025 audited results: an almost complete turnover of the board, significant and protracted litigation, and substantial legal expenditure.
- 1.The chair's statement characterised 2025 as a 'turbulent and consequential year'.
- 2.The company reported an almost complete turnover of the board.
- 3.It disclosed significant and protracted litigation involving the founder and former CEO.
- 4.It described governance strengthening and litigation expenditure.
- 5.The underlying business continued to generate revenue and adjusted EBITDA.
This article is based principally on Big Technologies' own 2025 audited results. The chair's statement referred to the year as a "turbulent and consequential" one for the company, and described the principal features of that turbulence.
"A turbulent and consequential year."
Short quotation within fair-dealing limits. The remainder of the chair's commentary is paraphrased below; readers should consult the original results via the source link.
What the chair described
According to the company's 2025 audited results, the chair's statement referred to:
- an almost complete turnover of the board;
- significant and protracted litigation;
- litigation involving the founder and former CEO;
- governance strengthening; and
- litigation expenditure.
The board turnover is documented on the board changes page, which records departures and appointments from Companies House and RNS records without implying misconduct merely because someone left the board.
Governance changes after 2025
The company described governance strengthening as a response to the events of the year. Subsequent board changes included the retirement of CEO Ian Johnson and the appointment of Charles Lewinton as Acting CEO in June 2026.
The financial picture
The 2025 results reported £49.727m of revenue and £24.6m of adjusted EBITDA, against a £23.015m statutory operating loss driven by the £38.5m settlement provision and £8.142m of legal costs. The financial impact page sets out the full comparison.
Sources & documents used in this article
- [1] Big Technologies plc, Audited Results for the Year to 31 December 2025 (RNS 5284Y), 30 March 2026
- [2] Big Technologies plc, RNS 0990K, 29 June 2026 — Director Retirement and Board Change