KCOM GROUP LIMITED

• ⚠

  Material uncertainty over going concern

  Under the Agreement, all outcomes cannot be fully assessed at the date of the approval of these financial statements, and as such represent events or conditions which indicate a material uncertainty that may cast significant doubt on the Group's and parent company's ability to continue as a going concern. After making enquiries and taking into account the material uncertainty referred to above, the directors have a reasonable expectation that the Group and parent company has adequate resources to continue in operational existence for the foreseeable future. The Group and parent company therefore continues to adopt the going concern basis in preparing its financial statements.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -5.6%

  £101,889,000 → £96,210,000

• Cash

  +109.6%

  £9,275,000 → £19,444,000

• Net assets

  -84.2%

  £32,190,000 → £5,081,000

• Employees

  -8.9%

  765 → 697

• Operating profit

  -402.6%

  £7,175,000 → -£21,709,000

• Profit before tax

  -1,826.3%

  -£1,621,000 → -£31,225,000

• Wages

  -1.6%

  £32,436,000 → £31,901,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

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.

1. KCOM GROUP LIMITED 2019-10-22 → present
2. KCOM GROUP PUBLIC LIMITED COMPANY 2007-08-15 → 2019-10-22
3. KINGSTON COMMUNICATIONS (HULL) PLC 1987-07-21 → 2007-08-15

Accounting basis

UK-adopted international accounting standards

Reporting scope

Consolidated group

Auditor

Grant Thornton UK LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Under the Agreement, all outcomes cannot be fully assessed at the date of the approval of these financial statements, and as such represent events or conditions which indicate a material uncertainty that may cast significant doubt on the Group's and parent company's ability to continue as a going concern. After making enquiries and taking into account the material uncertainty referred to above, the directors have a reasonable expectation that the Group and parent company has adequate resources to continue in operational existence for the foreseeable future. The Group and parent company therefore continues to adopt the going concern basis in preparing its financial statements.”

Group structure

1. KCOM GROUP LIMITED · parent
   1. KCH (Holdings) Limited 100% · England and Wales · Intermediate holding company
   2. Smart 421 Technology Group Limited 100% · England and Wales · Dormant holding company
   3. Kingston Network Holdings Limited 100% · England and Wales · Dissolved May 2024
   4. Kingston Service Holdings Limited 100% · England and Wales · Dormant holding company
   5. KCOM International Limited 100% · England and Wales · Dissolved October 2024
   6. KCOM (General Partner) Limited 100% · Scotland · Intermediate holding company
   7. KCOM Central Asset Reserve Limited Partnership 100% · Scotland · Partnership
   8. KCOM Contact Centres Limited 100% · England and Wales · Provision of call centre facilities (Dormant from 1 April 2025)
   9. Kingston Communications (Data) Trustees Limited 100% · England and Wales · Dormant
   10. Kingston Communications (Hull) Trustees Limited 100% · England and Wales · Dormant
   11. Affiniti Integrated Solutions Limited 100% · England and Wales · Dormant
   12. KCOM Holdings Limited 100% · England and Wales · Design and delivery of communication and integration services
   13. Eclipse Networking Limited 100% · England and Wales · Dissolved May 2024
   14. Omnetica Investment Limited 100% · England and Wales · Dormant holding company
   15. Omnetica Inc 100% · USA · Dissolved March 2025
   16. Smart421 Limited 100% · England and Wales · Dissolved June 2025
   17. Smart421 Solutions Inc 100% · USA · Dissolved April 2025
   18. Smartintegrator Technology Limited 50% · England and Wales · Dissolved June 2024

Significant events

• “Subsequent to the year end the available terms of the loan were amended such that outstanding interest was capitalised and covenants amended.”
• “In June 2023, the UK High Court (Virgin Media Ltd v NTL Pension Trustees II Limited) ruled that certain historical amendments for contracted out defined benefit schemes were invalid if they were not accompanied by the correct actuarial confirmation. The judgement was appealed but, on 25 July 2024, the Court of Appeal upheld the High Court's 2023 decision. The Trustees of the schemes and the Group are investigating whether there is a potential impact and if a potential impact is discovered the Group will work with the pension scheme to assess any implications. On 5 June 2025, it was announced that a bill will be put to parliament to give pension schemes the ability to retrospectively confirm that historic changes met the appropriate standards.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

9

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.