DIGITAL SPACE GROUP LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-08-06 (in 3mo)
Last made up 2025-07-23
Watchouts
None on the register
Cash
£2M
+298.3% vs 2023
Net assets
-£15M
-11.8% vs 2023
Employees
222
-8.6% vs 2023
Profit before tax
-£1M
+35.8% 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 | £34,742,000 | £45,221,000 | |
| Operating profit | -£1,461,000 | -£713,000 | |
| Profit before tax | -£2,018,000 | -£1,296,000 | |
| Net profit | -£2,018,000 | -£1,296,000 | |
| Cash | £483,000 | £1,924,000 | |
| Total assets less current liabilities | £27,020,000 | £28,090,000 | |
| Net assets | -£13,401,000 | -£14,983,000 | |
| Equity | -£13,401,000 | -£14,983,000 | |
| Average employees | 243 | 222 | |
| Wages | £11,280,000 | £11,167,000 | |
| Directors' remuneration | £740,000 | £797,000 |
Values shown as filed in the company's annual accounts. — 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
+30.2%
£34,742,000 £45,221,000
-
Cash
+298.3%
£483,000 £1,924,000
-
Net assets
-11.8%
-£13,401,000 -£14,983,000
-
Employees
-8.6%
243 222
-
Operating profit
+51.2%
-£1,461,000 -£713,000
-
Profit before tax
+35.8%
-£2,018,000 -£1,296,000
-
Wages
-1%
£11,280,000 £11,167,000
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 |
|---|---|---|---|
| Operating margin | -4.2% | -1.6% | |
| Net margin | -5.8% | -2.9% | |
| Return on capital employed | -5.4% | -2.5% | |
| Gearing (liabilities / total assets) | 140.4% | 140.4% | |
| Current ratio | 1.36x | 1.20x | |
| Interest cover | -2.62x | -1.15x |
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
- DIGITAL SPACE GROUP LIMITED 2021-07-09 → present
- TIMICO LIMITED 2004-02-11 → 2021-07-09
- EVER 2162 LIMITED 2003-07-23 → 2004-02-11
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Grant Thornton UK LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Having reviewed all relevant information and assumptions, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future, being a period of at least 12 months from the date of approval of these Financial Statements. Accordingly, the Financial Statements have been prepared on a going concern basis.”
Group structure
- DIGITAL SPACE GROUP LIMITED · parent
- Atlas Advanced Internet Solutions Limited 100%
- Wireless Broadband Services Limited 100%
- Ke-Connect Group Limited 100%
- Ke-Connect Systems Limited 100%
- Ke-Connect Internet Limited 100%
- Ke-Connect Maintenance Limited 100%
- Twang.net Limited 100%
- NewNet Broadband Limited 100%
- Hand Held PC's Limited 100%
- Hand-e-pix Limited 100%
- Power Internet Services Limited 100%
- Timico Technology Services Limited 100%
Significant events
- “During 2024, the business faced a series of external challenges that impacted performance at both the revenue and margin level. These headwinds included: Service reductions from key customers driven by a combination of their subdued trading performance, merger and acquisition activity, and changes to property footprints or operating models. Persistent high borrowing costs, with UK interest rates remaining elevated throughout the year, placed pressure on capital allocation across our customer base. When combined with sluggish economic growth, rising operational costs, and weakened business confidence, this environment led to a marked decline in discretionary IT investment and a general hesitancy to upgrade or expand infrastructure.”
- “Following the year end, the Directors and Senior Leadership Team have launched a targeted investment programme that underscores the business's commitment to: Strengthening core capabilities, Enhancing the customer experience, Empowering teams with industry-leading tools. This forward-looking initiative includes: Deployment of a next-generation MSP platform, Implementation of a new accounting system, Investment in advanced data architecture, Continued Investment in People and Culture.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 20 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| EMLY, Timothy James | Director | 2025-01-20 | Oct 1978 | British |
| HOLNESS, Stewart George | Director | 2025-04-09 | Jun 1966 | British |
Show 20 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BAIN, Duncan Howard | Secretary | 2021-01-13 | 2021-04-01 |
| RADFORD, Jonathan Vaughan | Secretary | 2004-04-15 | 2017-02-08 |
| EVERSECRETARY LIMITED | Corporate Nominee Secretary | 2003-07-23 | 2004-04-15 |
| BAIN, Duncan Howard | Director | 2019-04-23 | 2021-01-13 |
| DAVIES, Huw Trefor | Director | 2004-04-15 | 2013-12-20 |
| FARROW, Matthew James | Director | 2018-04-01 | 2019-02-12 |
| GIMLETTE, Matthew Charles Desmond | Director | 2004-07-22 | 2009-04-30 |
| HOLT, John Stuart | Director | 2022-11-10 | 2025-11-04 |
| KEMP, Robert Paul | Director | 2008-04-02 | 2009-04-30 |
| MARNHAM, Benjamin Luke | Director | 2017-02-08 | 2018-10-19 |
| MULLER, Neil Keith | Director | 2018-11-12 | 2025-04-09 |
| NEVILLE, Geoffrey Leslie | Director | 2018-10-19 | 2020-11-30 |
| PATON, Daryl Marc | Director | 2021-01-13 | 2025-02-12 |
| PEPPER, Harry William Terry | Director | 2014-04-01 | 2018-03-31 |
| RADFORD, Jonathan Vaughan | Director | 2004-04-15 | 2017-02-08 |
| RADFORD, Timothy Piers | Director | 2004-02-17 | 2017-02-08 |
| SUMSION, James | Director | 2008-04-02 | 2010-03-26 |
| TOMBS, Christopher John | Director | 2006-08-21 | 2017-02-08 |
| WEBB, Michael Charles | Director | 2004-04-15 | 2006-04-19 |
| EVERDIRECTOR LIMITED | Corporate Nominee Director | 2003-07-23 | 2004-02-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Digital Space Technology Group Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-07-23 | Active |
Filing timeline
Last 20 of 141 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-12 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-30 | AA | accounts | Accounts with accounts type full | |
| 2025-08-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-19 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-03 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-09 | AA | accounts | Accounts with accounts type full | |
| 2024-08-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-13 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-10-09 | AA | accounts | Accounts with accounts type full | |
| 2023-08-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-23 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-11-23 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-11-15 | AP01 | officers | Appoint person director company with name date | |
| 2022-11-14 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-09-30 | AA | accounts | Accounts with accounts type full | |
| 2022-07-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-01-04 | AA | accounts | Accounts with accounts type full | |
| 2021-07-26 | PSC05 | persons-with-significant-control | Change to a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- 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.