BRITISH TELECOMMUNICATIONS LIMITED
Trading as BT, the company is the principal operating subsidiary of the London Stock Exchange-listed BT Group plc, providing fixed-line telephony, broadband, mobile, and IT services to consumers, businesses, and public sector organisations.
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Cash
£409M
Latest balance sheet
Net assets
£24B
Equity attributable
Employees
94,900
Average over period
Profit before tax
£1.9B
Period ending 2024-03-31
Watch the reel
Our short-form breakdown of BRITISH TELECOMMUNICATIONS LIMITED's latest filing
BT's main operating subsidiary saw revenue and profit slide, but the dividend payout to its parent nearly doubled. 📉💸
Net assets
1-year trend · vs Telecommunications median
Accounts
1-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2024-03-31 | Δ vs prior |
|---|---|---|---|
| Turnover | £20,797,000,000 | — | |
| Operating profit | £2,216,000,000 | — | |
| Profit before tax | £1,897,000,000 | — | |
| Net profit | £1,566,000,000 | — | |
| Cash | £409,000,000 | — | |
| Total assets less current liabilities | £53,585,000,000 | — | |
| Net assets | £24,182,000,000 | — | |
| Equity | £24,182,000,000 | — | |
| Average employees | 94,900 | — | |
| Wages | £4,192,000,000 | — | |
| Directors' remuneration | £2,646,000,000 | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. Year-on-year comparison hidden: this filing's period length differs materially from the prior year. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 |
|---|---|---|
| Operating margin | 10.7% | |
| Net margin | 7.5% | |
| Return on capital employed | 4.1% | |
| Gearing (liabilities / total assets) | 61.8% | |
| Current ratio | 0.89x | |
| Interest cover | 1.87x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- BRITISH TELECOMMUNICATIONS LIMITED 2026-06-24 → present
- BRITISH TELECOMMUNICATIONS PUBLIC LIMITED COMPANY 1984-04-01 → 2026-06-24
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors concluded that the Group can continue as a going concern for a period of at least twelve months from the date of approval of the financial statements and that there are no material uncertainties that would cast doubt over the ability to continue as a going concern.”
Group structure
- BRITISH TELECOMMUNICATIONS LIMITED · parent
- BT Property Holdings (Aberdeen) Limited 100%
- BT (International) Holdings Limited 100%
- BT plc 100%
- BT Solutions Limited 100%
- EE Limited 100%
- Openreach Limited 100%
Significant events
- “On 15 June 2026, the Board of British Telecommunications plc approved the re-registration of the Company from a public limited company to a private limited company.”
- “On 2 June 2026, BT, through BT Finance plc, issued a €850m senior bond due on 2 June 2034 under its European Medium Term Note programme, with a coupon of 3.875%.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 54 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GARA, Antony John | Secretary | 2022-11-15 | — | — |
| CHARNLEY, Helen | Director | 2025-04-14 | Oct 1968 | British |
| HARRIS, Neil Richard | Director | 2017-10-17 | Nov 1968 | British |
| HEATON, Edward John | Director | 2020-03-04 | Nov 1982 | British |
| LOWTH, Simon Jonathan | Director | 2017-10-17 | Sep 1961 | British |
| RIDER, Daniel Thomas | Director | 2021-04-01 | Jan 1980 | British |
Show 54 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ARGENT, Malcolm, Mr. | Secretary | — | 1994-07-31 |
| BRIERLEY, Heather Gwendolyn | Secretary | 2005-09-03 | 2019-08-13 |
| GREEN, Colin Raymond | Secretary | 1994-08-01 | 2001-11-19 |
| PRIOR, Stephen John | Secretary | 2001-11-19 | 2005-09-03 |
| ZIELINSKI, Kathryn Alice | Secretary | 2019-08-13 | 2022-11-15 |
| ALEXANDER, Helen | Director | 1998-06-01 | 2001-11-19 |
| ANDERSON, James Iain Walker | Director | 1995-11-01 | 2001-09-30 |
| ARGENT, Malcolm, Mr. | Director | — | 1998-12-31 |
| ASH, Eric Albert, Professor Sir | Director | — | 1993-06-30 |
| BETT, Michael, Sir | Director | — | 1996-01-31 |
| BLAND, Francis Christopher Buchan | Director | 2001-05-01 | 2001-11-19 |
| BONFIELD, Peter Leahy, Sir | Director | 1996-01-01 | 2002-01-31 |
| BOOTH, Anthony John | Director | — | 1994-06-30 |
| BOSONNET, Paul Graham | Director | — | 1996-01-01 |
| BRACE, Robert Paul | Director | 1993-10-01 | 2000-12-31 |
| BRADLEY, Patrick James | Director | 2017-10-17 | 2018-08-31 |
| BRUCE-WATT, Linda | Director | 2017-09-29 | 2017-10-17 |
| BRUEL, Brigit Erica | Director | 1995-04-01 | 1998-03-31 |
| CHANMUGAM, Anthony Everard Ashiantha | Director | 2008-12-16 | 2016-07-31 |
| COCKBURN, William | Director | 1998-04-01 | 2001-03-31 |
| DE MOLLER, June Frances | Director | 1999-09-01 | 2001-11-19 |
| DROY-WHELAN, Keighly Mckenna | Director | 2020-03-04 | 2021-03-31 |
| EYRE, Roger Michael | Director | 2023-04-03 | 2025-04-14 |
| FEARN, Aasa Ulrica Susanne | Director | 2018-06-01 | 2021-06-15 |
| FERGUSSON, Ewen Alastair John, Sir | Director | 1993-05-24 | 1999-03-31 |
| GREEN, Colin Raymond | Director | 2001-11-19 | 2002-04-01 |
| GREENER, Anthony Armitage, Sir | Director | 2000-10-01 | 2001-11-19 |
| HAMPTON, Philip Roy | Director | 2000-11-01 | 2002-05-14 |
| HEPHER, Michael Leslie | Director | — | 1995-12-31 |
| HUGHES, Louis Ralph | Director | 2000-01-01 | 2001-11-19 |
| ISDELL, Edward Neville | Director | 1998-07-01 | 2001-11-19 |
| LALANI, Hanif Mohamed | Director | 2005-02-07 | 2008-12-16 |
| LIVINGSTON, Ian Paul, Lord | Director | 2008-07-01 | 2011-04-18 |
| LIVINGSTON, Ian Paul | Director | 2002-05-14 | 2005-02-07 |
| MARSHALL, Colin Marsh, Lord | Director | 1995-04-01 | 2001-07-18 |
| MULCAHY, Geoffrey John, Sir | Director | — | 1994-06-30 |
| NEWBOLD, Yve Monica | Director | — | 1997-06-30 |
| OATES, John Keith | Director | 1994-06-01 | 2000-12-31 |
| PARRY, Glyn | Director | 2007-06-30 | 2018-12-12 |
| ROBERTS, Bert Carl | Director | 1994-10-14 | 1998-03-17 |
| ROMERIL, Barry David | Director | — | 1993-06-30 |
| RUDGE, Alan, Sir | Director | — | 1997-10-31 |
| SCHOLEY, David Gerald, Sir | Director | — | 1994-10-14 |
| SMITH, Martin Sydney | Director | 2021-07-13 | 2023-04-03 |
| STONE, Laurence William | Director | 2002-04-01 | 2006-11-27 |
| TAYLOR, Gerald Hugh | Director | 1996-11-04 | 1997-11-09 |
| TEBBIT, Norman Beresford, Lord | Director | — | 1996-11-02 |
| VALLANCE, Iain David Thomas, Sir | Director | — | 2001-05-01 |
| VAN DEN BERGH, Maarten Albert | Director | 2000-09-01 | 2001-11-19 |
| VERWAAYEN, Bernardus Johannes Maria | Director | 2002-02-01 | 2008-06-30 |
| WESTON, Philip John | Director | 1998-10-01 | 2001-11-19 |
| WILLIAMS, Sean Mountford Graham | Director | 2011-04-18 | 2017-09-29 |
| WROE, John Vincent | Director | 2006-11-27 | 2007-06-30 |
| WROE, John Vincent | Director | 2005-02-04 | 2006-11-27 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Bt Group Investments Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 2815 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-06-24 RESOLUTIONS Resolution
- 2026-06-24 CERT10 Certificate re registration public limited company to private
- 2026-06-24 RR02 Reregistration public to private company
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-26 | AA | accounts | Accounts with accounts type group | |
| 2026-06-24 | RESOLUTIONS | resolution | Resolution | |
| 2026-06-24 | CERT10 | change-of-name | Certificate re registration public limited company to private | |
| 2026-06-24 | MAR | incorporation | Re registration memorandum articles | |
| 2026-06-24 | RR02 | change-of-name | Reregistration public to private company | |
| 2026-02-04 | CH01 | officers | Change person director company with change date | |
| 2025-10-01 | CH01 | officers | Change person director company with change date | |
| 2025-10-01 | CH01 | officers | Change person director company with change date | |
| 2025-08-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-25 | AA | accounts | Accounts with accounts type group | |
| 2025-05-14 | CH01 | officers | Change person director company with change date | |
| 2025-04-14 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-14 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-07 | AA | accounts | Accounts with accounts type group | |
| 2023-08-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-26 | AA | accounts | Accounts with accounts type group | |
| 2023-04-04 | AP01 | officers | Appoint person director company with name date | |
| 2023-04-03 | TM01 | officers | Termination director company with name termination date | |
| 2022-11-17 | TM02 | officers | Termination secretary company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.