CITYFIBRE HOLDINGS LIMITED

• ⚠

  Material uncertainty over going concern

  The Group is reliant on securing further external funding which is not guaranteed and therefore the Group's consolidated financial statements included a material uncertainty related to going concern. This may have a direct impact on the Group's ability to provide the required financial support to the Company and as a result this indicates that a material uncertainty exists which may cast significant doubt on 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

  +30.7%

  £6,690,000 → £8,746,000

• Cash

  -86%

  £35,958,000 → £5,045,000

• Net assets

  -27%

  -£438,662,000 → -£557,261,000

• Employees

  -20.2%

  1,761 → 1,405

• Operating profit

  +26.9%

  -£113,184,000 → -£82,703,000

• Profit before tax

  +12.6%

  -£136,067,000 → -£118,918,000

• Wages

  -12.2%

  £116,638,000 → £102,458,000

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

IFRS

Reporting scope

Standalone (parent only)

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Group is reliant on securing further external funding which is not guaranteed and therefore the Group's consolidated financial statements included a material uncertainty related to going concern. This may have a direct impact on the Group's ability to provide the required financial support to the Company and as a result this indicates that a material uncertainty exists which may cast significant doubt on the Company's ability to continue as a going concern.”

Group structure

1. CITYFIBRE HOLDINGS LIMITED · parent
   1. CityFibre Networks Limited 100% · UK · Provision of telecommunication networks
   2. CityFibre Limited 100% · UK · Provision of telecommunication networks
   3. Fibrecity Holdings Limited 100% · UK · Holding company
   4. CityFibre Metro Networks Limited 100% · UK · Provision of telecommunication networks
   5. Fibrecity Bournemouth Limited 100% · UK · Provision of telecommunication networks within Bournemouth
   6. Bolt Pro Tem Limited 100% · UK · Provision of telecommunication networks
   7. Lit Fibre Group Limited 100% · UK · Provision of telecommunication networks

Significant events

• “During the year, Connect Infraco Limited was acquired by the ultimate parent company of the Group, Connect Infrastructure Topco Limited, and subsequently transferred to CityFibre Limited, an indirect subsidiary of the Company, as part of a group reorganisation. In connection with the reorganisation, the Company issued 33,843,418 shares at £2.95 per share to its immediate parent.”

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

Filings

4

last 12 months

Capital events

1

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

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