AIRBAND COMMUNITY INTERNET LIMITED

• ⚠

  Material uncertainty over going concern

  The Directors consider that these events and conditions indicate that there is a material uncertainty that may cast significant doubt about the Company's ability to continue as a going concern.

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

  +37.3%

  £4,857,000 → £6,667,000

• Cash

  +51.4%

  £4,946,000 → £7,487,000

• Net assets

  -301.7%

  £22,086,000 → -£44,558,000

• Employees

  -28.7%

  331 → 236

• Operating profit

  -23.7%

  -£37,064,000 → -£45,833,000

• Profit before tax

  -45.3%

  -£45,873,000 → -£66,644,000

• Wages

  -54.5%

  £15,016,000 → £6,837,000

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.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

S&W Partners Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Directors consider that these events and conditions indicate that there is a material uncertainty that may cast significant doubt about the Company's ability to continue as a going concern.”

Group structure

1. AIRBAND COMMUNITY INTERNET LIMITED · parent
   1. Airband Limited 100% · United Kingdom · Non trading
   2. Rural Optic Infrastructure Limited 100% · United Kingdom · Civil engineering

Significant events

• “Throughout H1 2024, Airband undertook a fundamental reshaping of its operational and financial framework.”
• “The strategic decision to focus on FWA in H2 2024 has proven to be a game-changing move.”
• “After the year end, to support the revised strategy the shareholders extended the convertible loan facility by a further £27.8 million.”

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

Filings

9

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

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