HIHI LTD

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

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. HIHI LTD 2017-11-28 → present
2. 4COM TECHNOLOGIES LIMITED 2014-07-25 → 2017-11-28
3. 4COM RESEARCH AND DEVELOPMENT LIMITED 2013-06-27 → 2014-07-25
4. 4COM-UNITY LTD 2011-04-05 → 2013-06-27

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Under Company law, the directors are required to consider whether it is appropriate to prepare financial statements on the basis that the Company is a going concern. The directors have considered a number of factors in determining whether the going concern basis remains appropriate. As set out in note 21 to the financial statements, following the announcement on 12 May 2025, VMED O2 and Daisy Group completed its joint venture transaction on 1 August 2025, with an ownership split of 70% and 30% respectively, creating a new business to business ("B2B") Group "O2 Daisy". As a result of the transaction, the Company's ultimate parent undertaking became VMED O2 UK Limited. Also on this date, 4Com Group Limited, its immediate parent entity, repaid its debt facilities in full which were secured through fixed and floating charges over the assets of the Company along with a number of other companies within the Daisy Group.The Company is generating profit and is in a current and net asset position. The directors have received a confirmation letter from the directors of VMED O2 UK Holdings Limited, the direct subsidiary of VMED O2 UK Limited, confirming it will provide sufficient financial support to enable the Company to meets its liabilities as they fall due for at least the next 12 months. As such, the directors continue to adopt the going concern basis in preparing the financial statements.”

Significant events

• “Subsequent to the period end in May 2025, VMED O2 and Daisy Group announced the creation of a company, combining their complementary direct B2B operations to create a major new force in the UK business communications and IT sector. The transaction completed on 1 August 2025 with creation of O2 Daisy Limited, the parent of the group (O2 Daisy). The ownership of O2 Daisy is split 70% VMED O2 and 30% Daisy Group. Under the new ownership structure, the combined entity will be consolidated by VMED O2 with a non-controlling interest recognised for the proportion of the combined entity's consolidated results attributable to the Daisy Group. Also on this date, debt in its immediate parent entity was repaid in full and charges against this Company was satisfied.”
• “On 30 September 2025, the Company became a guarantor to intercompany loans totalling £1,351 million which are secured by a fixed and floating charge over the assets of the Company and certain fellow group undertakings.”

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

Filings

10

last 12 months

Capital events

0

last 24 months

Officers appointed

1

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.