O2 NETWORKS LIMITED
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Cash
—
Latest balance sheet
Net assets
£683M
0% vs 2023
Employees
—
Average over period
Profit before tax
£60M
+149.9% vs 2023
Net assets
2-year trend · vs Telecommunications median
O2 NETWORKS LIMITED·Telecommunications median
O2 NETWORKS LIMITED·Telecommunications median
O2 NETWORKS LIMITED·Telecommunications median
O2 NETWORKS LIMITED·Telecommunications median
O2 NETWORKS LIMITED·Telecommunications median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | — | — | — | |
| Operating profit | — | -£35,000 | — | |
| Profit before tax | £24,000,000 | £59,965,000 | +149.9% | |
| Net profit | £24,000,000 | £59,965,000 | +149.9% | |
| Cash | — | — | — | |
| Total assets less current liabilities | £682,856,000 | £682,971,000 | 0% | |
| Net assets | £682,856,000 | £682,971,000 | 0% | |
| Equity | £682,856,000 | £682,971,000 | 0% | |
| Average employees | — | — | — | |
| Wages | — | — | — | |
| Directors' remuneration | — | — | — |
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 —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Return on capital employed | — | -0.0% | |
| Current ratio | — | 4.29x |
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 3 times since incorporation
- O2 NETWORKS LIMITED 2002-04-19 → present
- CELLNET NETWORKS LIMITED 1992-07-07 → 2002-04-19
- ADNOX 2 LIMITED 1992-05-20 → 1992-07-07
- BT THIRTY-NINE LIMITED 1991-04-23 → 1992-05-20
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis, which the directors consider to be appropriate for the following reasons:”
Group structure
- O2 NETWORKS LIMITED · parent
- Cornerstone Telecommunications Infrastructure Limited 50%
Significant events
- “On 17 March 2023, the company issued nine ordinary shares.”
- “On 19 September 2023, O2 Cedar (20%) and O2 Holdings (80%) transferred their entire stake in the company to Granstone Holdco Limited in exchange for shares in Granstone. As a result, the company became a wholly-owned subsidiary of Granstone.”
- “On 9 October 2024, the company paid a dividend of £59,850,000 (2023 - £nil).”
- “In March 2025, Cornerstone declared and paid a dividend of £110.0 million, of which the company received £55.0 million. Subsequently, the company declared and paid a £55.0 million dividend to Granstone.”
- “In June 2025, Cornerstone declared and paid a dividend of £112.0 million, of which the company received £56.0 million. Subsequently, the company declared and paid a £56.0 million dividend to Granstone.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 60 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| VMED O2 SECRETARIES LIMITED | Corporate Secretary | 2012-10-01 | — | — |
| BOYLE, Julia Louise | Director | 2024-06-26 | Sep 1971 | British |
| CLARAMONTE GIL, Pedro Jose | Director | 2025-09-16 | Oct 1970 | Spanish |
| DI MEO, Adrian | Director | 2026-01-26 | Jan 1973 | Argentine |
| TAYLOR, Nicholas Paul | Director | 2025-06-06 | Sep 1980 | British |
Show 60 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ELDRED, Nicholas John | Secretary | 1995-11-06 | 2001-05-04 |
| ELDRED, Nicholas John | Secretary | 1995-11-06 | 1997-03-07 |
| ELDRED, Nicholas John | Secretary | 1994-07-15 | 1995-02-01 |
| SANGER, David Hywel | Secretary | 1991-04-23 | 1992-04-30 |
| SANGER, David Hywel | Secretary | — | 1993-04-23 |
| STAPLETON, Lynda Hulme | Secretary | 1995-02-01 | 1995-11-05 |
| STAPLETON, Lynda Hulme | Secretary | 1992-04-30 | 1994-07-15 |
| NEWGATE STREET SECRETARIES LIMITED | Corporate Secretary | 2001-05-04 | 2001-11-19 |
| O2 NOMINEES LIMITED | Corporate Secretary | 2001-11-19 | 2009-11-10 |
| O2 SECRETARIES LIMITED | Corporate Secretary | 2009-11-10 | 2012-10-01 |
| BETT, Michael, Sir | Director | 1992-04-30 | 1999-12-13 |
| BOOTH, Anthony John | Director | 1992-11-11 | 1994-07-01 |
| BOYLE, Julia Louise | Director | 2021-06-22 | 2023-11-15 |
| BRAMWELL, Philip Nicholas | Director | 2001-05-04 | 2006-10-31 |
| CAMPBELL, Justine | Director | 2006-10-31 | 2008-12-29 |
| COBIAN, Patricia | Director | 2023-11-15 | 2025-07-24 |
| CRICHTON, Graham | Director | 2015-10-01 | 2016-08-01 |
| EARNSHAW, Christopher Martin | Director | 1992-04-30 | 1994-06-23 |
| ELDRED, Nicholas John | Director | 2000-02-23 | 2001-05-04 |
| ERSKINE, Peter Anthony | Director | 1997-10-24 | 2000-02-23 |
| FLETCHER SMITH, Christopher | Director | 2004-09-14 | 2006-06-29 |
| FORD, Howard | Director | 1994-08-01 | 1997-03-07 |
| GILL, James Robert | Director | 2024-06-26 | 2025-06-06 |
| GILL, James Robert | Director | 2023-11-15 | 2024-06-26 |
| GREEN, Andrew James | Director | 1997-11-05 | 2000-02-23 |
| HARDMAN, Mark David | Director | 2016-08-01 | 2023-11-15 |
| HARWOOD, Robert John | Director | 2001-11-19 | 2020-03-27 |
| HOLDING, Ann-Louise | Director | 1992-04-24 | 1992-04-30 |
| HOUGH, Edmund Alan, Dr | Director | 1995-02-01 | 1997-08-26 |
| JARVIS, Katherine Ann | Director | 2008-12-31 | 2011-11-17 |
| KELLS, Paul | Director | 2023-11-15 | 2024-09-24 |
| KING, Graham John | Director | 1991-04-23 | 1992-04-24 |
| KING, Graham John | Director | — | 1993-04-23 |
| LONGDEN, Andrew William | Director | 2000-02-23 | 2001-11-19 |
| MCBREEN, Robert Anthony | Director | 2014-12-01 | 2015-09-30 |
| MEDINA MALO, Enrique | Director | 2013-11-05 | 2016-09-30 |
| MELCON SANCHEZ-FRIERA, David | Director | 2007-08-31 | 2012-10-01 |
| MOCKETT, Alfred Thomas | Director | 1994-06-30 | 1995-03-08 |
| MOCKETT, Alfred Thomas | Director | 1992-04-30 | 1992-11-11 |
| PACK, Jeffrey | Director | 1998-03-17 | 1999-11-10 |
| PEREZ DE URIGUEN MUINELO, Francisco Jesus | Director | 2012-10-01 | 2014-12-01 |
| PRIOR, Stephen John | Director | 2000-02-23 | 2001-11-19 |
| RICHES, Jonathan Henry | Director | 2006-06-29 | 2007-08-31 |
| SANGER, David Hywel | Director | 1991-04-23 | 1992-04-30 |
| SANGER, David Hywel | Director | — | 1993-04-23 |
| SHIRTCLIFFE, Christopher Charles | Director | 1992-04-30 | 1994-05-25 |
| SHIRTCLIFFE, Christopher Charles | Director | — | 1999-11-10 |
| SMITH, Edward Augustus | Director | 2020-03-27 | 2021-06-22 |
| SMITH, Edward Augustus | Director | 2011-11-17 | 2013-11-05 |
| SMITH, Raymond | Director | 1997-03-24 | 1998-03-31 |
| TAYLOR, Cedric Stafford | Director | 1995-03-08 | 1997-10-23 |
| TAYLOR, Cedric Stafford | Director | 1992-04-30 | 1993-10-11 |
| TILLEY, Michael David John | Director | 1994-06-23 | 1997-11-04 |
| TOWLE, Peter Frederick Howard | Director | 1992-04-30 | 1994-12-13 |
| WARNER, Robert | Director | 1998-04-01 | 2000-02-23 |
| WARNER, Robert | Director | 1997-09-24 | 1997-10-24 |
| WARNER, Robert | Director | 1992-04-30 | 1994-08-01 |
| WIGGS, Roger Sydney William Hale | Director | 1992-04-30 | 1999-11-10 |
| WILSON, David Andrew | Director | 1993-12-16 | 2000-02-23 |
| YORK, Sharon Jean | Director | 2023-11-15 | 2026-01-26 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Granstone Holdco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-09-19 | Active |
| O2 Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2023-09-19 |
Filing timeline
Last 20 of 304 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-12-09 RESOLUTIONS Resolution
- 2023-12-09 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-28 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-27 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-14 | CH01 | officers | Change person director company with change date | |
| 2025-10-07 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-16 | AA | accounts | Accounts with accounts type full | |
| 2025-07-29 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-17 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-17 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-03 | AA | accounts | Accounts with accounts type full | |
| 2024-09-25 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-28 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-28 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-27 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-15 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-12-09 | RESOLUTIONS | resolution | Resolution | |
| 2023-12-09 | MA | incorporation | Memorandum articles | |
| 2023-12-01 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-11-28 | PSC07 | persons-with-significant-control | Cessation of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 2
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.