MOBILE BROADBAND NETWORK LIMITED

• ◆

  7 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

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

• Turnover

  -8.3%

  £92,518,000 → £84,839,000

• Cash

  -34.9%

  £6,916,000 → £4,499,000

• Net assets

  +2.8%

  £43,486,000 → £44,703,000

• Employees

  -12.6%

  350 → 306

• Operating profit

  -19%

  £7,212,000 → £5,842,000

• Profit before tax

  -5.6%

  £1,972,000 → £1,862,000

• Wages

  -12.5%

  £33,706,000 → £29,476,000

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

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.

1. MOBILE BROADBAND NETWORK LIMITED 2007-09-28 → present
2. GREATPLATE LIMITED 2007-09-19 → 2007-09-28

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements are prepared on a going concern basis. The Company is funded through a mix of cash generated from operating activities, equity, and debt from its immediate shareholders. At 31 December 2024, the Company has £20 million (2023: £20 million) of share equity and £48 million (2023: £70 million) of debt in the form of shareholders' loans drawn under facilities totalling £372 million (2023: £372 million) which fall due on 18 December 2027. These loans have been made available from the Company's immediate shareholders. The funding and other commitments of each of the Company's shareholders and any amendment of such commitments have been guaranteed to the other shareholder, in the case of H3G's commitments, up to £750 million by Hutchison Whampoa Limited, a wholly owned subsidiary of CKHH, and in the case of EE's commitments, up to £750 million by EE's ultimate parent company, BT. From 31 December 2019 the Company has started making voluntary repayments of the shareholder loan and is showing net current liabilities as a result. This does not pose a risk to going concern as repayments are non-contractual and are funded by surplus income generated from the monthly management charges.”

Significant events

• “On the 1st June 51% of CKHH's holding in Hutchison 3G UK Ltd was sold to Vodafone Three Holdings Ltd in a merger of the companies. As a result of this the ultimate controlling party is no longer CKHH, it is now Vodafone Group plc a company listed on the London Stock Exchange and registered at Vodafone House, The Connection, Newbury, Berkshire, RG14 2FN. The activities of the Company have remained unchanged by this merger and this will be the case for the foreseeable future.”
• “On 1st June Hutchison 3G UK Limited became a joint operation owned by the Vodafone group (51%) and CHKK (49%). The activities of the Company are unchanged for the foreseeable future by this merger.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

18

last 12 months

Capital events

0

last 24 months

Officers appointed

7

last 12 months

Officers resigned

7

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.