GIGACLEAR LIMITED

• ◆

  Material uncertainty over going concern

  With that in mind, sensitivity analysis has been performed on ARPU change by 10%. The results demonstrate it would fall below the £10,000,000 minimum liquidity threshold required during the going concern period. This risk could be mitigated via liaising with the lenders (who are also the shareholders) to further drawdown the £20,000,000 of uncommitted funding potentially available under the SSFA or to agree a covenant relief or deferral event or even further funding, and as such management recognises this creates an inherent material uncertainty.

• ◆

  3 officer resignations in last 12 months

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

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

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.

1. GIGACLEAR LIMITED 2019-02-20 → present
2. GIGACLEAR PLC 2014-09-09 → 2019-02-20
3. GIGACLEAR LIMITED 2010-12-22 → 2014-09-09

Accounting basis

UK-adopted international accounting standards

Reporting scope

Standalone (parent only)

Auditor

Grant Thornton UK LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“With that in mind, sensitivity analysis has been performed on ARPU change by 10%. The results demonstrate it would fall below the £10,000,000 minimum liquidity threshold required during the going concern period. This risk could be mitigated via liaising with the lenders (who are also the shareholders) to further drawdown the £20,000,000 of uncommitted funding potentially available under the SSFA or to agree a covenant relief or deferral event or even further funding, and as such management recognises this creates an inherent material uncertainty.”

Significant events

• “On 8 April 2026, following the completion of the recapitalisation process, the Company's shares were transferred to Buzz Holdco Limited, which is owned by a consortium of experienced institutional investors, including the National Wealth Fund, ABN AMRO and NatWest.”
• “In addition, the existing c.£963m million senior debt facility is being amended and restated to reflect a revised principal amount of £575 million, and to reflect the new holding structure. Also, The £80 million facility that was originally entered into in December 2025 with Gigaclear Limited's existing lenders remains effective.”

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

Filings

20

last 12 months

Capital events

3

last 24 months

Officers appointed

3

last 12 months

Officers resigned

3

last 12 months

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