GIFFGAFF LIMITED
Operating as an online-only mobile virtual network operator and internet service provider, the company is a wholly owned subsidiary of Virgin Media O2.
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Cash
£596K
-21.8% vs 2023
Net assets
£342M
+23% vs 2023
Employees
264
+12.8% vs 2023
Profit before tax
£64M
+9.3% vs 2023
Net assets
2-year trend · vs 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 | £574,955,000 | £605,864,000 | +5.4% | |
| Operating profit | £28,425,000 | £30,755,000 | +8.2% | |
| Profit before tax | £58,125,000 | £63,507,000 | +9.3% | |
| Net profit | £57,635,000 | £64,096,000 | +11.2% | |
| Cash | £762,000 | £596,000 | -21.8% | |
| Total assets less current liabilities | £284,880,000 | £347,551,000 | +22% | |
| Net assets | £278,312,000 | £342,408,000 | +23% | |
| Equity | £278,312,000 | £342,408,000 | +23% | |
| Average employees | 234 | 264 | +12.8% | |
| Wages | £13,156,000 | £13,328,000 | +1.3% | |
| Directors' remuneration | £356,000 | £429,000 | +20.5% |
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 |
|---|---|---|---|
| Operating margin | 4.9% | 5.1% | |
| Net margin | 10.0% | 10.6% | |
| Return on capital employed | 10.0% | 8.8% | |
| Current ratio | 1.95x | 2.37x |
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 2 times since incorporation
- GIFFGAFF LIMITED 2009-09-08 → present
- O2 ASH LIMITED 2008-11-10 → 2009-09-08
- O2 COMMUNICATIONS LIMITED 2001-04-09 → 2008-11-10
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 reasons below. The Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future.”
Significant events
- “In April 2025 we publicly announced our broadband product, kicking off with a trialist recruitment campaign. The ambition is to build better broadband together with our members and the wider public, so we set a target of recruiting 500 product trialists. Trialist feedback will help guide the broadband products we launch to the public later in 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 22 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| VMED O2 SECRETARIES LIMITED | Corporate Secretary | 2009-11-10 | — | — |
| DOHANEY, Katelyn | Director | 2026-01-28 | Dec 1983 | Canadian |
| HARDMAN, Mark David | Director | 2022-08-23 | Apr 1975 | British |
| HINDENNACH, Soeren Christian Benyamin Grigorius | Director | 2025-12-01 | Jul 1974 | German |
Show 22 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FARRELL, Carol | Secretary | 2001-04-09 | 2001-04-11 |
| REYNOLDS, Douglas | Secretary | 2001-04-10 | 2002-05-20 |
| O2 NOMINEES LIMITED | Corporate Secretary | 2002-05-20 | 2009-11-10 |
| BORTHWICK, David | Director | 2002-05-20 | 2003-07-31 |
| COBIAN, Patricia | Director | 2018-10-05 | 2022-04-22 |
| DUNCAN, Michael Alan | Director | 2013-11-13 | 2014-12-10 |
| DUNNE, Ronan James | Director | 2010-02-25 | 2016-08-01 |
| EVANS, Mark | Director | 2013-11-13 | 2021-06-21 |
| FAIRMAN, Michael Dean | Director | 2017-10-06 | 2018-10-05 |
| FLETCHER SMITH, Christopher | Director | 2003-07-31 | 2006-06-29 |
| GORE, Martin Charles | Director | 2001-04-10 | 2002-05-20 |
| HARWOOD, Robert John | Director | 2002-05-20 | 2013-11-13 |
| JARVIS, Katherine Ann | Director | 2009-11-19 | 2011-11-17 |
| MELCON SANCHEZ-FRIERA, David | Director | 2007-08-31 | 2010-02-25 |
| PLUMB, David Jeremy | Director | 2016-08-01 | 2017-10-11 |
| RICHES, Jonathan Henry | Director | 2006-06-29 | 2007-08-31 |
| ROS BIGERIEGO, Ramon | Director | 2010-02-25 | 2011-03-16 |
| SCHOFIELD, Ashley Paul | Director | 2019-01-17 | 2026-01-28 |
| SHURROCK, Stephen John | Director | 2014-12-10 | 2015-09-30 |
| SMITH, Edward Augustus | Director | 2011-11-17 | 2013-11-13 |
| TURPIN, Gareth Leslie | Director | 2021-06-21 | 2023-10-20 |
| BUSINESSLEGAL LIMITED | Corporate Director | 2001-04-09 | 2001-04-11 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Telefonica Uk Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 139 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-04 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-08 | AA | accounts | Accounts with accounts type full | |
| 2025-04-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-23 | AA | accounts | Accounts with accounts type full | |
| 2024-04-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-31 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-10-31 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-10-24 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-07 | AA | accounts | Accounts with accounts type full | |
| 2023-06-09 | CH04 | officers | Change corporate secretary company with change date | |
| 2023-06-05 | CH01 | officers | Change person director company with change date | |
| 2023-06-05 | CH01 | officers | Change person director company with change date | |
| 2023-05-31 | CH01 | officers | Change person director company with change date | |
| 2023-04-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-05 | AA | accounts | Accounts with accounts type full | |
| 2022-08-23 | AP01 | officers | Appoint person director company with name date | |
| 2022-04-22 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 2
- 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.