Netel AB exits Bcul Ltd cap table as Carlisle holding firm updates register

Netel AB has formally exited the cap table of Bcul Ltd, a Carlisle based holding company founded in 2022. This change was recorded in a confirmation statement filed on 17 July 2026. While Netel AB held zero ordinary shares at the start of this reporting period, its removal from the list of members is the only change to the company's recorded ownership structure.

Bcul Ltd itself remains the primary shareholder listed on the cap table, holding 9,636,533 ordinary shares. This internal holding represents the entirety of the share capital documented in the latest filing. The company has been active for four years and manages its operations from its headquarters in the North West.

The exit of Netel AB follows a period where the entity was recorded on the register without an active share balance. No new shareholders joined the company during this window, which spanned from 9 January 2026 to 17 July 2026. This administrative update confirms that Bcul Ltd maintains its issued share capital without the presence of external institutional or individual investors. The filing documents the ownership status for the period ending 17 July 2026.