VONEUS LIMITED

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

  +43.4%

  £4,417,186 → £6,334,900

• Cash

  -56.1%

  £10,191,086 → £4,478,155

  lowest in 4 filed years

• Net assets

  +45.8%

  £93,435,678 → £136,188,111

  highest in 4 filed years

• Employees

  +15.5%

  238 → 275

  highest in 4 filed years

• Operating profit

  +11.9%

  -£28,662,181 → -£25,249,284

• Profit before tax

  -3.8%

  -£36,651,056 → -£38,039,979

  lowest in 3 filed years

• Wages

  +14.5%

  £14,933,775 → £17,103,016

  highest in 4 filed years

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

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. VONEUS LIMITED 2014-10-10 → present
2. DICE NETWORKS LIMITED 2013-09-10 → 2014-10-10
3. DICE4HOME LTD 2011-11-16 → 2013-09-10

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Grant Thornton UK LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have reasonable expectation that the company has adequate resources to continue to operate in the foreseeable future. Therefore, the directors continue to adopt the going concern basis in preparing the financial statements. The company benefits from the continued financial support of its ultimate shareholders, Macquarie Asset Holdings Limited, IIF Fiber Holdings Limited Partnership and TIP RBBS Investments LP, as part of a broader, legally-binding funding commitment for over £42m. The £70 million loan facility agreed with banking partners as amended and restated in September 2025 to support the future network commercialisation plans remains in place. The cashflow modelling demonstrates that, in a stress test, the company retains the ability to meet its liabilities as they fall due for the 12 months from the signature of these accounts.”

Group structure

1. VONEUS LIMITED · parent
   1. Secure Web Services Limited 100% · England · Wireless telecommunications activities and information technology consultancy activities
   2. Cadence Networks Limited 100% · England · Data processing, hosting and related activities
   3. Monmouthshire Broadband Limited 100% · England · Dormant
   4. Voneus Network Managed Services Limited 100% · England · Dormant

Significant events

• “After the year end 6,051,050 Ordinary B shares were allotted with nominal value of £1. The shares were issued at a premium of £0.40 for total consideration of £8,500,000.”
• “A further 9,081,969 Ordinary F shares were allotted with a nominal value of £0.01. The shares were issued at a premium of £0.99 for total consideration of £9,081,969.”
• “A further 11,918,031 Ordinary G shares were allotted with a nominal value of £0.01. The shares were issued at a premium of £0.99 for total consideration of £11,918,031.”
• “10 April 2025, 1,922,098 Ordinary B shares were allotted with a nominal value of £1. The shares were issued at a premium of £0.40 for total consideration of £2,700,000.”
• “23 May 2025, 4,128,952 Ordinary B shares were allotted with a nominal value of £1. The shares were issued at a premium of £0.40 for total consideration of £5,800,000.”
• “22 September 2025, 6,103,398 Ordinary F shares were allotted with a nominal value of £0.01. The shares were issued at a premium of £0.99 for total consideration of £6,103,398.”
• “22 September 2025, 7,946,602 Ordinary G shares were allotted with a nominal value of £0.01. The shares were issued at a premium of £0.99 for total consideration of £7,946,602.”
• “12 November 2025, 3,971,429 Ordinary G shares were allotted with a nominal value of £0.01. The shares were issued at a premium of £0.99 for total consideration of £3,971,429.”
• “12 November 2025, 2,978,571 Ordinary F shares were allotted with a nominal value of £0.01. The shares were issued at a premium of £0.99 for total consideration of £2,978,571.”
• “On 26 September 2025, the company renewed the £70m bank loan facility for another four years.”

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

7

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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