CONNEXIN LIMITED
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Cash
£9.6M
+98.2% highest in 6 filed years
Net assets
-£7.9M
+74.1% vs 2024
Employees
173
-17.2% vs 2024
Profit before tax
£23M
+184% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
6-year trend · vs Telecommunications median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-09-30
| Metric | Trend | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | £25,399,071 | £19,534,979 | £16,304,833 | -16.5% | |
| Operating profit | — | — | — | -£3,611,376 | -£19,035,756 | -£16,143,090 | +15.2% | |
| Profit before tax | — | — | — | -£5,168,305 | -£26,976,511 | £22,667,810 | +184% | |
| Net profit | — | — | — | -£4,733,332 | -£26,708,263 | £22,670,451 | +184.9% | |
| Cash | £1,188,037 | £2,574,798 | £210,524 | £4,155,486 | £4,824,646 | £9,560,672 | +98.2% | |
| Total assets less current liabilities | £1,577,204 | £969,630 | £9,050,529 | £8,274,430 | £76,737,627 | £17,599,102 | -77.1% | |
| Net assets | £435,366 | -£1,825,905 | -£7,811,585 | -£10,326,610 | -£30,577,836 | -£7,907,385 | +74.1% | |
| Equity | £435,366 | -£1,825,905 | -£7,811,585 | -£10,326,610 | -£30,577,836 | -£7,907,385 | +74.1% | |
| Average employees | 28 | 42 | 81 | 160 | 209 | 173 | -17.2% | |
| Wages | — | — | — | £6,663,047 | £9,820,926 | £8,088,144 | -17.6% | |
| Directors' remuneration | — | — | — | £648,029 | £783,197 | £826,693 | +5.6% |
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 | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | -14.2% | -97.4% | -99.0% | |
| Net margin | — | — | — | -18.6% | -136.7% | 139.0% | |
| Return on capital employed | — | — | — | -43.6% | -24.8% | -91.7% | |
| Gearing (liabilities / total assets) | — | — | — | 154.0% | 135.8% | 132.8% | |
| Current ratio | — | — | — | 0.88x | 1.18x | 2.31x | |
| Interest cover | — | — | — | -2.28x | -2.37x | -5.48x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- RSM UK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- CONNEXIN LIMITED · parent
- Connexin Networks Limited 100%
- Connexin (U.K.) Limited 100%
- Connexin Digital Limited 100%
- Connexin Infrastructure Limited 100%
- Wisper Broadband Limited 100%
- Pure Broadband Ltd 100%
- Encompass Consultancy Limited 100%
Significant events
- “On 24 March 2025, the Group disposed of its interest in Connect Infraco Limited, resulting in the loss of control. The disposal resulted in a gain of £41.7m, recognised in the Consolidated Income Statement. The carrying amount of the subsidiary's net liabilities at the date control was lost was £27.8m.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 13 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| OHS SECRETARIES LIMITED | Corporate Secretary | 2017-08-25 | — | — |
| ALAMGIR, Furqan | Director | 2006-05-19 | Feb 1985 | British |
| DYSON, David Richard | Director | 2025-08-13 | Apr 1970 | British |
| PRIEST, William James Alexander | Director | 2014-07-01 | Jul 1958 | British |
| SMITH, Phoebe Madeleine | Director | 2020-09-14 | Jul 1982 | British |
| YEUNG, Ka Yiu | Director | 2010-01-01 | Sep 1984 | British |
Show 13 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| WELLS, Jonathon | Secretary | 2015-04-02 | 2017-02-01 |
| YEUNG, Ka Yiu | Secretary | 2017-02-01 | 2017-08-25 |
| YEUNG, Ka Yiu | Secretary | 2006-05-19 | 2015-04-02 |
| BABIC, Vasilije | Director | 2019-02-25 | 2020-09-08 |
| CANDY, Edwin Ralph, Professor | Director | 2014-07-01 | 2017-09-26 |
| CASEY, Jeanne Stoll | Director | 2019-02-25 | 2019-08-19 |
| HALLIWELL, Shadi | Director | 2020-10-02 | 2025-08-13 |
| KEBBELL, William | Director | 2017-02-01 | 2017-09-26 |
| LEE, Christopher H | Director | 2017-09-26 | 2018-07-14 |
| OLER, Abraham Noah | Director | 2018-07-14 | 2019-02-25 |
| REED, Thomas | Director | 2015-06-01 | 2016-02-29 |
| SHROTRI, Rick | Director | 2017-09-26 | 2019-02-25 |
| WELLS, Jonathon Mark | Director | 2013-07-19 | 2015-11-25 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Connect Iot Bidco Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2023-11-30 | Active |
| Dr Furqan Alamgir | Individual | Shares 25–50%, Voting 25–50% | 2020-09-18 | Active |
| Dr Furqan Alamgir | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2020-09-18 |
Filing timeline
Last 20 of 156 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-24 | AA | accounts | Accounts with accounts type group | |
| 2026-06-09 | SH03 | capital | Capital return purchase own shares | |
| 2026-06-08 | SH06 | capital | Capital cancellation shares | |
| 2026-05-22 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-05-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-05-19 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-05-14 | MR05 | mortgage | Mortgage charge part both with charge number | |
| 2026-05-14 | MR05 | mortgage | Mortgage charge part both with charge number | |
| 2026-05-14 | MR05 | mortgage | Mortgage charge part both with charge number | |
| 2026-05-14 | MR05 | mortgage | Mortgage charge part both with charge number | |
| 2025-08-18 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-18 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-30 | AA | accounts | Accounts with accounts type group | |
| 2025-05-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-29 | MR05 | mortgage | Mortgage charge part both with charge number | |
| 2025-04-29 | MR05 | mortgage | Mortgage charge part both with charge number | |
| 2025-04-29 | MR05 | mortgage | Mortgage charge part both with charge number | |
| 2025-04-29 | MR05 | mortgage | Mortgage charge part both with charge number | |
| 2024-09-17 | AA | accounts | Accounts with accounts type group | |
| 2024-07-17 | RP04PSC05 | persons-with-significant-control | Second filing change details of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 12
- 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.