WESSEX INTERNET LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-06-01 (in 1mo)
Last made up 2025-05-18
Watchouts
Cash
£127K
Latest balance sheet
Net assets
-£22M
lowest in 3 filed years
Employees
307
highest in 3 filed years
Profit before tax
-£12M
lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Audit opinion: Qualified
Latest auditor's report carried a non-clean opinion.
Net assets
4-year trend · vs Telecommunications median
Accounts
4-year trend · latest reflected 2024-12-31
| Metric | Trend | 2021-10-01 | 2022-09-30 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Turnover | — | £3,204,038 | £4,779,804 | £5,762,138 | |
| Operating profit | — | -£1,602,623 | -£5,436,332 | -£7,845,578 | |
| Profit before tax | — | -£2,114,500 | -£7,980,143 | -£12,139,825 | |
| Net profit | — | -£1,776,214 | -£7,986,542 | -£12,146,224 | |
| Cash | — | £584,360 | £72,157 | £127,158 | |
| Total assets less current liabilities | — | £15,581,218 | £39,783,247 | £62,284,637 | |
| Net assets | — | -£2,140,029 | -£10,126,571 | -£22,272,795 | |
| Equity | -£363,815 | -£2,140,029 | -£10,126,571 | -£22,272,795 | |
| Average employees | — | 138 | 213 | 307 | |
| Wages | — | £4,942,231 | £2,862,117 | £2,769,112 | |
| Directors' remuneration | — | £224,000 | £258,577 | £239,259 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2021-10-01 | 2022-09-30 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Operating margin | — | -50.0% | -113.7% | -136.2% | |
| Net margin | — | -55.4% | -167.1% | — | |
| Return on capital employed | — | -10.3% | -13.7% | -12.6% | |
| Current ratio | — | — | 1.08x | 0.62x | |
| Interest cover | — | -3.13x | -2.14x | -1.83x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- WESSEX INTERNET LIMITED 2017-12-07 → present
- RANSTON LIMITED 2007-05-24 → 2017-12-07
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- S&W Partners Audit Limited
- Audit opinion
- Qualified
- 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 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.”
Significant events
- “On 21 May 2025, subsequent to the end of the reporting period 31 December 2024, the Company entered into a financing agreement to secure debt funding of £50 million.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GIBSON FLEMING, Hector | Director | 2017-02-09 | Jul 1987 | British |
| SKINNER, Ludovic Harry Ralph | Director | 2020-04-01 | Sep 1995 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GIBSON FLEMING, James Randolf | Secretary | 2007-05-24 | 2025-10-11 |
| WATERLOW SECRETARIES LIMITED | Corporate Nominee Secretary | 2007-05-24 | 2007-05-24 |
| GIBSON FLEMING, Fiona Lucy | Director | 2007-05-24 | 2020-04-01 |
| GIBSON FLEMING, James Randolf | Director | 2007-05-24 | 2025-10-11 |
| WATERLOW NOMINEES LIMITED | Corporate Nominee Director | 2007-05-24 | 2007-05-24 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Wessex Internet Midco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-11-01 | Active |
| Fibre River Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-01-23 | Ceased 2023-11-01 |
| Mrs Fiona Lucy Gibson Fleming | Individual | ownership-of-shares-25-to-50-percent-as-trust, voting-rights-25-to-50-percent-as-trust | 2018-01-31 | Ceased 2020-01-23 |
| Mr James Randolf Gibson Fleming | Individual | Shares 25–50% | 2016-04-06 | Ceased 2020-01-23 |
| Mrs Fiona Lucy Gibson Fleming | Individual | Shares 25–50% | 2016-04-06 | Ceased 2017-12-05 |
Filing timeline
Last 20 of 87 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-05-12 MA Memorandum articles
- 2025-05-12 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-27 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-11-27 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-06 | AA | accounts | Accounts with accounts type full | |
| 2025-05-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-20 | AD04 | address | Move registers to registered office company with new address | |
| 2025-05-12 | MA | incorporation | Memorandum articles | |
| 2025-05-12 | RESOLUTIONS | resolution | Resolution | |
| 2024-07-24 | AA | accounts | Accounts with accounts type full | |
| 2024-05-21 | CH01 | officers | Change person director company with change date | |
| 2024-05-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-05-08 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-05-08 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-11-08 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-10-11 | AA | accounts | Accounts with accounts type full | |
| 2023-06-28 | AA01 | accounts | Change account reference date company current extended | |
| 2023-05-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-05 | AA | accounts | Accounts with accounts type small | |
| 2022-09-30 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-09-21 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-05-31 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 2
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.