MITIE TELECOMS LIMITED

• ◆

  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. About these numbers

• Turnover

  -4.3%

  £36,458,000 → £34,879,000

• Cash

  -89.8%

  £1,637,000 → £167,000

• Net assets

  -47%

  -£16,906,000 → -£24,845,000

• Employees

  -26.6%

  248 → 182

• Operating profit

  +36.9%

  -£13,384,000 → -£8,440,000

• Profit before tax

  +26.1%

  -£14,438,000 → -£10,664,000

• Wages

  -22.9%

  £11,661,000 → £8,986,000

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.

1. MITIE TELECOMS LIMITED 2022-03-31 → present
2. DAEL TELECOM LTD 2012-10-25 → 2022-03-31

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements for the year ended 31 March 2025 have been prepared on a going concern basis. The Company participates in the centralised treasury arrangements and shared banking arrangements of Mitie Group plc, its ultimate parent, and of its fellow subsidiaries (together the "Group"). The Directors have received a letter of support from the directors of Mitie Group plc to confirm the provision of adequate financial resources to the Company for a period of no less than 12 months from the date of approval of the Company's statutory financial statements for the year ended 31 March 2025 to ensure that the Company can meet its liabilities as they fall due. The directors of Mitie Group plc have carried out an assessment of the Group's ability to continue as a going concern for the period of at least 12 months from the date of approval of these financial statements (the "Going Concern Assessment Period"). This assessment was based on the latest medium-term cash forecasts from the Group's cash flow model (the "Base Case Forecasts"), which is based on the Group's board-approved budget. These Base Case Forecasts indicate that the debt facilities currently in place are adequate to support the Group over the Going Concern Assessment Period. The Group's principal debt financing arrangements as at 30 September 2025 were a £250m Revolving Credit Facility maturing in October 2028, which was undrawn as at 30 September 2025, £180m of US Private Placement notes and a £240m bridge facility which was fully drawn as at 30 September 2025. These financing arrangements are subject to certain financial covenants which are tested every six months on a rolling 12-month basis.”

Significant events

• “There have been no material events since the statement of financial position date that require adjustment or disclosure.”

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

0

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.