TESCO MOBILE LIMITED
Operating as a mobile virtual network operator, the company is a joint venture between the listed supermarket group Tesco plc and Virgin Media O2 that provides consumer telecommunications services.
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Cash
£40m
+19.9% vs 2024
Net assets
£23m
-15.8% vs 2024
Employees
366
+24.9% vs 2024
Profit before tax
£3.5m
+176.2% vs 2024
Net assets
2-year trend · vs Telecommunications median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £1,108,008,000 | £1,232,843,000 | +11.3% | |
| Operating profit | £24,147,000 | £27,137,000 | +12.4% | |
| Profit before tax | £1,276,000 | £3,524,000 | +176.2% | |
| Net profit | £1,166,000 | — | — | |
| Cash | £33,220,000 | £39,836,000 | +19.9% | |
| Total assets less current liabilities | £228,067,000 | £258,329,000 | +13.3% | |
| Net assets | £27,109,000 | £22,831,000 | -15.8% | |
| Equity | £27,109,000 | £22,831,000 | -15.8% | |
| Average employees | 293 | 366 | +24.9% | |
| Wages | £21,480,000 | £26,939,000 | +25.4% | |
| Directors' remuneration | £583,000 | £621,000 | +6.5% | |
| Directors' pension contributions | £47,000 | £21,000 | -55.3% | |
| Highest paid director | £254,000 | £353,000 | +39% |
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 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Operating margin | 2.2% | 2.2% | |
| Net margin | 0.1% | — | |
| Return on capital employed | 10.6% | 10.5% | |
| Gearing (liabilities / total assets) | 96.4% | 97.4% | |
| Current ratio | 0.84x | 0.86x | |
| Interest cover | 0.93x | 1.12x |
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
- TESCO MOBILE LIMITED 2003-08-04 → present
- TESCO MOBILE COMMUNICATIONS LIMITED 2003-06-27 → 2003-08-04
- REYWAS NEWCO 3 LIMITED 2003-05-29 → 2003-06-27
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have confirmed that the overall going concern position is fully supported, and that they have not been able to identify any material uncertainties in relation to going concern.”
Group structure
- TESCO MOBILE LIMITED · parent
- Tech Finance Collections Limited
Significant events
- “On 2 February 2026, the Group implemented a new invoice financing arrangement with MUFG Bank and Liberty Blume Specialty Finance Limited with a facility size of £30,000,000.”
- “On 20 April 2026, the Group signed an amendment to its asset-backed securitisation facility with the Royal Bank of Canada (RBC). The facility limit was increased from £450,000,000 to £550,000,000...”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
9 active · 58 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| TESCO SECRETARIES LIMITED | Corporate Secretary | 2013-10-15 | — | — |
| ADAMS, Natasha | Director | 2025-07-10 | Oct 1976 | British |
| CHEUNG, Alison | Director | 2024-07-09 | Jul 1979 | British |
| HARDMAN, Mark David | Director | 2017-05-25 | Apr 1975 | British |
| HEFFERNAN, Christine | Director | 2023-11-30 | Mar 1978 | Irish |
| O'SULLIVAN, Paul Michael | Director | 2021-12-03 | Jun 1971 | Irish |
| SCHULER, Lutz Markus | Director | 2021-06-15 | Mar 1968 | German |
| TAYLOR, Jonathan | Director | 2023-06-29 | Feb 1979 | British |
| WARD, Matthew John | Director | 2024-07-12 | Jul 1980 | British |
Show 58 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HAYEEMS, Deborah | Secretary | 2004-07-29 | 2007-03-20 |
| O'CONNOR, Claudine Elaine | Secretary | 2007-03-20 | 2013-08-12 |
| RYAN, Alison Jean | Secretary | 2003-07-01 | 2004-07-28 |
| SANKAR, Nadine Amanda | Secretary | 2003-05-29 | 2003-07-01 |
| PAILEX SECRETARIES LIMITED | Corporate Secretary | 2003-05-29 | 2003-05-29 |
| AGER, Rowley Stuart | Director | 2003-05-29 | 2003-06-03 |
| ALDER, Stephen | Director | 2010-02-12 | 2011-06-22 |
| ALDER, Stephen | Director | 2005-01-21 | 2007-01-18 |
| BARNES, Matthew Campbell | Director | 2024-03-14 | 2025-06-19 |
| BATCHELOR, Lance Henry | Director | 2008-07-28 | 2011-02-28 |
| BELLINI, Alessandra | Director | 2017-10-06 | 2023-09-28 |
| BOWDEN, Mark | Director | 2019-06-10 | 2021-06-11 |
| BROWETT, John Julian | Director | 2003-06-03 | 2003-12-18 |
| CLARKE, Ian | Director | 2007-01-18 | 2010-02-12 |
| CROOK, Ian Thomas | Director | 2007-11-20 | 2013-07-01 |
| DAVIES, Matthew Samuel | Director | 2016-09-05 | 2018-03-05 |
| DENYARD, Thomas Charles | Director | 2019-11-05 | 2022-04-08 |
| DEV, Vivek | Director | 2003-06-03 | 2007-03-20 |
| DEWHURST, Andrew William | Director | 2003-06-03 | 2008-04-30 |
| DUNN, Robert | Director | 2011-06-22 | 2012-03-10 |
| DUNNE, Ronan James | Director | 2008-05-16 | 2016-09-05 |
| EASTERBROOK, Jill | Director | 2012-08-14 | 2015-12-08 |
| EVANS, Mark | Director | 2012-01-06 | 2021-06-17 |
| FOGG, Roger | Director | 2011-10-07 | 2013-08-12 |
| GARTON, Steven Charles | Director | 2003-09-03 | 2004-09-17 |
| HARRIS, Graham John | Director | 2011-02-28 | 2011-10-07 |
| HIGGINSON, Andrew Thomas | Director | 2011-11-30 | 2012-02-29 |
| HIGGINSON, Andrew Thomas | Director | 2006-04-19 | 2011-11-30 |
| HOGGETT, Antony John | Director | 2012-08-14 | 2017-04-01 |
| JONES, Nigel Alan | Director | 2012-02-29 | 2012-08-14 |
| KEENAN, Roger James | Director | 2011-02-28 | 2019-06-10 |
| KEERS, Catherine Jane | Director | 2007-03-20 | 2008-05-16 |
| KEY, Matthew David | Director | 2003-06-03 | 2011-11-30 |
| KOCH, Katherine Therese | Director | 2016-01-18 | 2017-10-06 |
| MAPLE, Philip John | Director | 2006-10-20 | 2011-02-28 |
| MASON, Timothy John Rollit | Director | 2003-05-29 | 2006-04-19 |
| MASTERS, Trevor John | Director | 2006-09-27 | 2009-10-01 |
| MCGLADE, David Paul | Director | 2003-09-03 | 2005-01-21 |
| MILLS, William Gary | Director | 2005-07-04 | 2006-09-27 |
| MISTRY, Bhavesh | Director | 2018-11-14 | 2021-06-23 |
| PATTINSON, Paul | Director | 2019-09-20 | 2021-12-03 |
| PICKTHALL, Claire | Director | 2022-05-20 | 2023-06-22 |
| PLUMB, David Jeremy | Director | 2012-06-08 | 2017-09-19 |
| POTTER, Oliver James, Mr. | Director | 2017-09-19 | 2019-08-23 |
| PULLEN, Timothy Neil | Director | 2016-09-23 | 2017-05-25 |
| READ, Nicholas James | Director | 2004-09-17 | 2005-06-17 |
| ROWLINSON, Andrew Colin Gray | Director | 2009-10-01 | 2011-05-06 |
| SOPER-LORAINS, Claire Alexandra | Director | 2017-05-02 | 2019-11-05 |
| TARRY, Jason Mark, Dr | Director | 2018-07-16 | 2024-03-14 |
| TERRELL, Robin James | Director | 2013-08-12 | 2016-09-05 |
| VAUGHAN, Samuel | Director | 2021-06-11 | 2024-07-12 |
| VOLLMER, Anthony | Director | 2013-08-12 | 2017-05-02 |
| WADE-GERY, Laura Katharine | Director | 2003-12-18 | 2007-11-20 |
| WARD, Peter Jonathan | Director | 2003-06-03 | 2006-10-20 |
| WHEELER, David Clifford | Director | 2021-06-23 | 2024-07-09 |
| WHITFIELD, Christopher Paul | Director | 2011-05-06 | 2012-06-08 |
| WILSON, Charles | Director | 2018-03-05 | 2018-07-16 |
| PAILEX NOMINEES LIMITED | Corporate Director | 2003-05-29 | 2003-05-29 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Tesco Mobile Communications Limited | Corporate entity | Shares 25–50% | 2016-04-06 | Active |
| Tesco Mobile Services Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2016-04-06 | Active |
| O2 Communications Limited | Corporate entity | Voting 25–50% | 2016-04-06 | Active |
Filing timeline
Last 20 of 217 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-03 | AA | accounts | Accounts with accounts type full | |
| 2025-10-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-21 | CH01 | officers | Change person director company with change date | |
| 2025-09-08 | AA | accounts | Accounts with accounts type group | |
| 2025-07-17 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-30 | AA | accounts | Accounts with accounts type group | |
| 2024-08-09 | CH01 | officers | Change person director company with change date | |
| 2024-08-09 | CH01 | officers | Change person director company with change date | |
| 2024-08-09 | CH01 | officers | Change person director company with change date | |
| 2024-07-30 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-22 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-18 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-16 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-25 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-25 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-12 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-04 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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.