AIRBAND COMMUNITY INTERNET LIMITED
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Cash
£7.5M
+51.4% vs 2023
Net assets
-£45M
-301.7% vs 2023
Employees
236
-28.7% vs 2023
Profit before tax
-£67M
-45.3% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
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.
Net assets
2-year trend · vs Telecommunications median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £4,857,000 | £6,667,000 | +37.3% | |
| Operating profit | -£37,064,000 | -£45,833,000 | -23.7% | |
| Profit before tax | -£45,873,000 | -£66,644,000 | -45.3% | |
| Net profit | -£45,873,000 | -£66,644,000 | -45.3% | |
| Cash | £4,946,000 | £7,487,000 | +51.4% | |
| Total assets less current liabilities | £166,665,000 | £167,837,000 | +0.7% | |
| Net assets | £22,086,000 | -£44,558,000 | -301.7% | |
| Equity | £22,086,000 | -£44,558,000 | -301.7% | |
| Average employees | 331 | 236 | -28.7% | |
| Wages | £15,016,000 | £6,837,000 | -54.5% | |
| Directors' remuneration | £863,000 | £737,000 | -14.6% |
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Return on capital employed | -22.2% | -27.3% | |
| Gearing (liabilities / total assets) | 87.9% | 124.8% | |
| Current ratio | 1.14x | 1.68x | |
| Interest cover | -4.21x | -2.20x |
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.
Audit & accounting basis
- 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
- AIRBAND COMMUNITY INTERNET LIMITED · parent
- Airband Limited 100%
- Rural Optic Infrastructure Limited 100%
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
People
6 active · 15 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ANDERSON, Alexander Scott | Director | 2020-11-27 | Jun 1990 | British |
| FINNEGAN, Jarlath Martin | Director | 2026-04-25 | Aug 1978 | Irish |
| HELMSLEY, Dominic James | Director | 2020-11-27 | Apr 1967 | British |
| STONE, Alexander Nicholas | Director | 2025-04-11 | May 1987 | British |
| STRICKLAND, Paula Joyce | Director | 2026-05-05 | Jun 1980 | British |
| THATCHER, David Andrew | Director | 2025-02-28 | Dec 1962 | British |
Show 15 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BUCKLER, John Mark | Secretary | 2017-05-31 | 2019-09-17 |
| PEEL, Redmond | Secretary | 2009-12-31 | 2010-02-11 |
| FISHWICK, Ian Michael | Director | 2023-07-18 | 2026-02-28 |
| HOGG, Christopher Charles | Director | 2018-07-31 | 2023-05-22 |
| HOLFORD, Steve | Director | 2020-05-04 | 2020-11-27 |
| KRIEK, Jeffrey | Director | 2020-05-15 | 2024-06-28 |
| LAWRENCE, Philip James | Director | 2018-07-31 | 2024-04-22 |
| MATHERS, Peter Edward | Director | 2018-10-24 | 2020-07-10 |
| PEEL, Miranda Jane | Director | 2009-12-31 | 2020-11-27 |
| PEEL, Robert Andrew Redmond | Director | 2011-03-10 | 2024-12-18 |
| PRICE, Andrew Christopher | Director | 2018-11-01 | 2020-02-14 |
| RAHMAN, Kashif | Director | 2024-04-22 | 2026-04-28 |
| SCOTT, Charles Benjamin | Director | 2018-07-31 | 2020-06-10 |
| STANSFELD, Mark Andrew | Director | 2019-07-04 | 2021-02-05 |
| TERRY, Ben James | Director | 2020-06-10 | 2023-07-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Airband Topco Limited | Corporate entity | Shares 75–100% | 2021-07-02 | Active |
| Cotton Bidco Limited | Corporate entity | Shares 25–50%, Voting 50–75%, Appoints directors | 2020-11-27 | Ceased 2021-07-02 |
| Ndif Investments (Abc) Limited | Corporate entity | Shares 25–50% | 2018-07-31 | Ceased 2021-07-02 |
| Mr Redmond Peel | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2020-11-27 |
| Mrs Miranda Jane Peel | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2020-11-27 |
Filing timeline
Last 20 of 161 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-06 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-28 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-27 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-05 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-14 | CH01 | officers | Change person director company with change date | |
| 2026-01-14 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-01-14 | CH01 | officers | Change person director company with change date | |
| 2025-10-07 | AA | accounts | Accounts with accounts type full | |
| 2025-04-14 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-28 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-17 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-15 | AA | accounts | Accounts with accounts type full | |
| 2024-08-20 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-07-08 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-22 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-22 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-08 | AA | accounts | Accounts with accounts type full | |
| 2024-01-16 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 0
- Officers appointed
- 2
- 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.