O2 (EUROPE) LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-01-24 (in 8mo)
Last made up 2026-01-10
Watchouts
None on the register
Cash
£6M
EUR 7,356,000
-97.9% vs 2023
Net assets
£6B
EUR 7,171,575,000
-18.7% vs 2023
Employees
0
Average over period
Profit before tax
£480M
EUR 551,577,000
+310.8% vs 2023
Net assets
2-year trend · vs Telecommunications median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | -£301,541,873 | -£1,137,331,072 | |
| Profit before tax | -£227,541,525 | £479,673,885 | |
| Net profit | -£229,422,558 | £476,337,073 | |
| Cash | £307,446,734 | £6,397,078 | |
| Total assets less current liabilities | £7,673,567,267 | £6,236,694,495 | |
| Net assets | £7,673,567,267 | £6,236,694,495 | |
| Equity | £7,673,567,267 | £6,236,694,495 | |
| Average employees | 0 | 0 | |
| Wages | — | — | |
| Directors' remuneration | — | — |
Figures converted to GBP from EUR at 0.870 per EUR (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
—
Not reported
-
Cash
-97.9%
£307,446,734 £6,397,078
-
Net assets
-18.7%
£7,673,567,267 £6,236,694,495
-
Employees
—
Not reported
-
Operating profit
-277.2%
-£301,541,873 -£1,137,331,072
-
Profit before tax
+310.8%
-£227,541,525 £479,673,885
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Return on capital employed | -3.9% | -18.2% | |
| Gearing (liabilities / total assets) | 0.0% | 0.0% | |
| Current ratio | 149.45x | 16.09x | |
| Interest cover | — | -3704.87x |
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 2 times since incorporation
- O2 (EUROPE) LIMITED 2004-12-10 → present
- O2 HOLDINGS LIMITED 2001-12-03 → 2004-12-10
- BT WIRELESS INTERKOM HOLDINGS LIMITED 2001-07-05 → 2001-12-03
Audit & accounting basis
- Accounting basis
- UK-adopted International Accounting Standards
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for at least 12 months from the date of these financial statements and thus the directors have adopted the going concern basis of accounting in preparing the annual financial statements.”
Group structure
- O2 (EUROPE) LIMITED · parent
- Telefonica O2 (UK) Limited 100%
- The Link Stores Limited 100%
- O2 Willow Limited 100%
- O2 Pine Limited 100%
- Telefonica UK Holdings Limited 100%
- Telefonica Germany Holdings Limited 100%
- Telefonica Deutschland Holding AG 69.22%
Significant events
- “The Company declared and paid in cash a dividend to their shareholders in the amount of €2,200,000 thousand (2023: €0 thousand).”
- “On March 20, 2024 Telefónica Local Services GmbH, a wholly-owned subsidiary of Telefónica, S.A., launched a public delisting acquisition offer with the aim to acquire the shares in Telefónica Deutschland Holding not yet directly or indirectly held by Telefónica (the "Delisting Offer"). The acceptance period for the Delisting Offer expired on 18 April 2024. On the same date, the management board of the Frankfurt Stock Exchange resolved upon the delisting of the shares of Telefónica Deutschland which became effective as at 18 April 2024. Thereafter, Telefonica Deutschland Holding AG is no longer a listed company.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 21 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PRISM COSEC LIMITED | Corporate Secretary | 2021-08-31 | — | — |
| DE ALBUQUERQUE, Thomas Peter | Director | 2021-06-17 | Jun 1980 | British |
| JIMENEZ LARRAZ, Manuel | Director | 2026-04-30 | Apr 1978 | Spanish |
Show 21 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| NEWGATE STREET SECRETARIES LIMITED | Corporate Secretary | 2001-07-05 | 2001-11-19 |
| O2 NOMINEES LIMITED | Corporate Secretary | 2001-11-19 | 2009-11-10 |
| O2 SECRETARIES LIMITED | Corporate Secretary | 2009-11-10 | 2021-06-17 |
| BORTHWICK, David | Director | 2001-07-06 | 2003-07-31 |
| CAMPBELL, Justine | Director | 2007-11-22 | 2008-12-29 |
| FLETCHER SMITH, Christopher | Director | 2002-01-28 | 2006-06-29 |
| HARDMAN, Mark David | Director | 2015-10-01 | 2021-06-17 |
| HARWOOD, Robert John | Director | 2001-07-05 | 2020-03-27 |
| JARVIS, Katherine Ann | Director | 2008-12-31 | 2011-11-17 |
| LOPEZ ALVAREZ, Maria Pilar | Director | 2011-11-17 | 2014-07-09 |
| LOPEZ ALVAREZ, Maria Pilar | Director | 2007-11-22 | 2011-07-31 |
| MARTI CIRUELOS, Antonio | Director | 2011-09-06 | 2011-11-17 |
| MARTINEZ MASIDE, Guillermo | Director | 2021-06-17 | 2026-04-30 |
| MCBREEN, Robert Anthony | Director | 2014-12-01 | 2015-09-30 |
| MEDINA MALO, Enrique | Director | 2011-11-17 | 2021-06-17 |
| MELCON SANCHEZ-FRIERA, David | Director | 2007-08-31 | 2012-10-31 |
| PEREZ DE URIGUEN MUINELO, Francisco Jesus | Director | 2012-08-23 | 2014-12-01 |
| RICHES, Jonathan Henry | Director | 2006-06-29 | 2007-08-31 |
| SILVERWOOD, Kathryn | Director | 2001-07-05 | 2001-11-19 |
| SMITH, Edward Augustus | Director | 2020-03-27 | 2021-06-17 |
| SMITH, Edward Augustus | Director | 2011-11-17 | 2012-08-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Telefonica S A | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 212 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-05 | AP01 | officers | Appoint person director company with name date | |
| 2026-05-01 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-17 | CH01 | officers | Change person director company with change date | |
| 2026-01-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-06 | CH01 | officers | Change person director company with change date | |
| 2026-01-05 | CH01 | officers | Change person director company with change date | |
| 2025-07-21 | AA | accounts | Accounts with accounts type full | |
| 2025-01-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-18 | AA | accounts | Accounts with accounts type full | |
| 2024-06-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-10 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2023-09-28 | AA | accounts | Accounts with accounts type full | |
| 2023-06-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-04 | CH01 | officers | Change person director company with change date | |
| 2022-09-22 | AA | accounts | Accounts with accounts type full | |
| 2022-06-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-02-14 | CH01 | officers | Change person director company with change date | |
| 2022-02-14 | CH01 | officers | Change person director company with change date | |
| 2022-01-06 | CH01 | officers | Change person director company with change date | |
| 2021-09-15 | AP04 | officers | Appoint corporate secretary company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- 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.