DAISY COMMUNICATIONS LTD.
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Cash
£3M
-43.6% vs 2024
Net assets
£195M
+24% vs 2024
Employees
790
+32.1% vs 2024
Profit before tax
£39M
+65.3% vs 2024
Net assets
2-year trend · vs Telecommunications median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £145,120,000 | £202,415,000 | +39.5% | |
| Operating profit | £23,790,000 | £38,952,000 | +63.7% | |
| Profit before tax | £23,683,000 | £39,148,000 | +65.3% | |
| Net profit | £17,696,000 | £37,848,000 | +113.9% | |
| Cash | £5,335,000 | £3,010,000 | -43.6% | |
| Total assets less current liabilities | £159,712,000 | £199,289,000 | +24.8% | |
| Net assets | £157,630,000 | £195,478,000 | +24% | |
| Equity | £157,630,000 | £195,478,000 | +24% | |
| Average employees | 598 | 790 | +32.1% | |
| Wages | £20,606,000 | £26,612,000 | +29.1% | |
| Directors' remuneration | £548,000 | £246,000 | -55.1% |
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | 16.4% | 19.2% | |
| Net margin | 12.2% | 18.7% | |
| Return on capital employed | 14.9% | 19.5% | |
| Gearing (liabilities / total assets) | 32.3% | 28.3% | |
| Current ratio | 2.73x | 3.24x |
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
- DAISY COMMUNICATIONS LTD. 2001-06-19 → present
- LOCKBAND LIMITED 2001-01-22 → 2001-06-19
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have received a confirmation letter from the directors of VMED O2 UK Holdings Limited, the direct subsidiary of VMED 02 UK Limited, confirming it will continue to provide sufficient financial support to enable the Company to meet its liabilities as they fall due for at least the next 12 months. As such, the directors continue to adopt the going concern basis in preparing the financial statements.”
Group structure
- DAISY COMMUNICATIONS LTD. · parent
- Voice Mobile Limited 100%
- Spiritel Mobile Limited 100%
- Alternative Networks Limited 100%
- Daisy Local Business Limited 100%
- Daisy Telecoms Limited 100%
- Daisy Bidco Limited 100%
- XLN Limited 100%
- XLN Telecom Ltd. 100%
- OneBillTelecom Limited 100%
- XLN Pay Limited 100%
- XLN Energy Limited 100%
- Hamsard 3209 Limited 100%
Significant events
- “On 31 October 2024, the trade and certain of the net assets of Communicate Better Limited, a fellow group undertaking, were hived in to the Company at book value with the consideration settled through the intercompany accounts.”
- “Subsequent to the year end in May 2025, VMED O2 and Daisy Group announced the creation of a new B2B company, combining their complementary direct B2B operations to create a major new force in the UK business communications and IT sector. The transaction completed on 1 August 2025 with creation of O2 Daisy Limited, the parent of the group (O2 Daisy).”
- “Also, on 30 September 2025, the Company became a guarantor to intercompany loans totalling £1,351 million which are secured by a fixed and floating charge over the assets of the Company and certain fellow group undertakings.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 31 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| VMED O2 SECRETARIES LIMITED | Corporate Secretary | 2025-08-01 | — | — |
| MORTEN, Stuart Norman | Director | 2019-02-01 | Apr 1971 | British |
Show 31 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HOLDEN, Wendy Anne | Secretary | 2002-02-27 | 2018-02-05 |
| MCGLENNON, David Lewis | Secretary | 2010-12-17 | 2019-02-01 |
| PORTER, Stewart Charles | Secretary | 2009-07-21 | 2009-08-31 |
| RILEY, Emma | Secretary | 2001-03-05 | 2002-02-27 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 2001-01-22 | 2001-03-05 |
| BALBI, David Charles | Director | 2006-09-25 | 2006-12-15 |
| CONTE, Andrea | Director | 2004-03-01 | 2005-05-06 |
| DIXON, Anthony | Director | 2001-07-06 | 2009-03-31 |
| DUBENS, Peter Adam Daiches | Director | 2009-07-21 | 2011-10-20 |
| GRIGGS, Gavin Peter | Director | 2017-07-05 | 2017-10-31 |
| HICKEY, Mark Donald | Director | 2003-03-31 | 2005-05-06 |
| KELLY, Ian Francis | Director | 2008-06-26 | 2009-04-08 |
| KIRKWOOD, Gareth Robert | Director | 2011-04-01 | 2012-04-12 |
| MARKE, Nathan Richard | Director | 2015-02-27 | 2019-02-01 |
| MAWSON, Alex James | Director | 2008-10-01 | 2010-02-03 |
| MAWSON, Alex James | Director | 2001-07-06 | 2004-04-15 |
| MCGINN, David Raymond | Director | 2019-02-01 | 2025-10-31 |
| MCGLENNON, David Lewis | Director | 2018-06-22 | 2019-02-01 |
| MCKENZIE, Ian | Director | 2006-10-01 | 2009-10-01 |
| MOLLOY, Anthony | Director | 2009-01-05 | 2009-06-12 |
| MOSLEY, Joe | Director | 2004-11-01 | 2005-05-06 |
| MULLER, Neil Keith | Director | 2015-02-27 | 2018-06-22 |
| OLIVER, Stefni Watson | Director | 2007-01-01 | 2009-11-01 |
| PETERS, Matthew Charles Anthony | Director | 2005-10-24 | 2008-07-31 |
| PORTER, Stewart Charles | Director | 2009-07-21 | 2009-08-31 |
| RILEY, Anthony John | Director | 2008-08-11 | 2011-06-28 |
| RILEY, Matthew Robinson | Director | 2001-03-05 | 2017-10-24 |
| SIMS, Rob Christopher John | Director | 2005-09-01 | 2007-03-01 |
| SMITH, Stephen Alan | Director | 2011-06-28 | 2019-02-01 |
| SPURR, Adam Dominic | Director | 2005-01-03 | 2005-12-19 |
| INSTANT COMPANIES LIMITED | Corporate Nominee Director | 2001-01-22 | 2001-03-05 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Jet Holdco Limited | Corporate entity | Shares 75–100% | 2025-07-30 | Active |
| Daisy Communications Holdings Limited | Corporate entity | Voting 75–100%, Appoints directors | 2019-07-12 | Active |
| Daisy Intermediate Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2019-07-12 |
Filing timeline
Last 20 of 224 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-08-06 MA Memorandum articles
- 2025-08-06 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-20 | AA | accounts | Accounts with accounts type full | |
| 2026-02-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-02-20 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-02-19 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-11-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-09-26 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-08-27 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-08-27 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-08-27 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-08-06 | MA | incorporation | Memorandum articles | |
| 2025-08-06 | RESOLUTIONS | resolution | Resolution | |
| 2025-08-06 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-08-05 | AA01 | accounts | Change account reference date company current shortened | |
| 2025-08-05 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2025-08-05 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-08-01 | SH01 | capital | Capital allotment shares | |
| 2025-01-31 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-01-06 | SH10 | capital | Capital variation of rights attached to shares | |
| 2024-12-30 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 17
- Capital events
- 2
- Officers appointed
- 1
- Officers resigned
- 1
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.