CITYFIBRE INFRASTRUCTURE HOLDINGS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-27 (in 6mo)
Last made up 2025-11-13
Watchouts
Cash
£85M
-37.7% vs 2023
Net assets
£538M
-24.2% vs 2023
Employees
1,594
-15% vs 2023
Profit before tax
-£360M
+14% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
At the date of signing these financial statements on 28 May 2025, the necessary funding is not yet secured and therefore represents a material uncertainty which may cast significant doubt on the ability of the Group and Company to continue as a going concern.
Net assets
2-year trend · vs Telecommunications median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £99,675,000 | £133,871,000 | |
| Operating profit | -£213,852,000 | -£176,687,000 | |
| Profit before tax | -£419,304,000 | -£360,487,000 | |
| Net profit | -£419,304,000 | -£360,487,000 | |
| Cash | £137,241,000 | £85,498,000 | |
| Total assets less current liabilities | £3,965,035,000 | £4,416,622,000 | |
| Net assets | £709,761,000 | £538,275,000 | |
| Equity | £709,761,000 | £538,275,000 | |
| Average employees | 1,876 | 1,594 | |
| Wages | £123,090,000 | £118,617,000 | |
| Directors' remuneration | £2,396,000 | £3,564,000 |
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
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+34.3%
£99,675,000 £133,871,000
-
Cash
-37.7%
£137,241,000 £85,498,000
-
Net assets
-24.2%
£709,761,000 £538,275,000
-
Employees
-15%
1,876 1,594
-
Operating profit
+17.4%
-£213,852,000 -£176,687,000
-
Profit before tax
+14%
-£419,304,000 -£360,487,000
-
Wages
-3.6%
£123,090,000 £118,617,000
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -214.5% | -132.0% | |
| Net margin | -420.7% | -269.3% | |
| Return on capital employed | -5.4% | -4.0% | |
| Gearing (liabilities / total assets) | 83.0% | 88.7% | |
| Current ratio | 1.15x | 0.60x | |
| Interest cover | -0.84x | -0.63x |
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.
Name history
Renamed 3 times since incorporation
- CITYFIBRE INFRASTRUCTURE HOLDINGS LIMITED 2018-06-22 → present
- CITYFIBRE INFRASTRUCTURE HOLDINGS PLC 2014-01-10 → 2018-06-22
- CITYFIBRE INFRASTRUCTURE HOLDINGS LIMITED 2013-12-11 → 2014-01-10
- NEWINCCO 1269 LIMITED 2013-11-13 → 2013-12-11
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“At the date of signing these financial statements on 28 May 2025, the necessary funding is not yet secured and therefore represents a material uncertainty which may cast significant doubt on the ability of the Group and Company to continue as a going concern.”
Group structure
- CITYFIBRE INFRASTRUCTURE HOLDINGS LIMITED · parent
- CityFibre Holdings Limited 100%
- CityFibre Networks Limited 100%
- Fibrecity Holdings Limited 100%
- CityFibre Metro Networks Limited 100%
- Fibrecity Bournemouth Limited 100%
- CityFibre Limited 100%
- Entanet Holdings Limited 100%
- Entanet International Limited 100%
- FibreNation Limited 100%
- Bolt Pro Tem Limited 100%
- Lit Fibre Group Limited 100%
Significant events
- “In May 2024, we announced the completion of our acquisition of Lit Fibre, adding 220,000 RFS premises to our network.”
- “Additionally, 60,000 partially complete premises were completed during the year, bringing the total to 280,000 RFS premises delivered.”
- “On 31 October 2024 through the sale of 100% of the share capital in LFL (Lit Fibre Limited).”
- “In March 2025, we announced the acquisition of Connexin's full fibre infrastructure, establishing a material foothold across Hull and East Riding and enabling the expansion of CityFibre's footprint by up to 185,000 premises.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 15 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GAWN, Christopher | Secretary | 2013-12-10 | — | British |
| DUNN, Nicholas James | Director | 2021-01-20 | Nov 1966 | British |
| FLOOD, Sharon Emma | Director | 2025-09-12 | May 1965 | British |
| HOLDEN, Simon | Director | 2019-03-11 | May 1968 | British |
| HOLLIDAY, Steve | Director | 2025-09-12 | Oct 1956 | British |
| MORRIS, Mark Nicholas | Director | 2025-09-24 | Dec 1963 | British |
Show 15 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| OLSWANG COSEC LIMITED | Corporate Secretary | 2013-11-13 | 2013-12-10 |
| CHARLTON, Stephen | Director | 2014-11-17 | 2018-06-21 |
| COLLINS, Mark Grahame | Director | 2013-12-10 | 2019-07-01 |
| DAVIS, Sally Margaret | Director | 2014-02-12 | 2018-06-21 |
| HART, Terence Alan | Director | 2013-12-10 | 2020-07-15 |
| LAKE, Spencer George | Director | 2017-09-20 | 2018-06-21 |
| MACKIE, Christopher Alan | Director | 2013-11-13 | 2013-12-10 |
| MANNING, Peter David | Director | 2014-01-10 | 2017-01-13 |
| MESCH, Robert Gary | Director | 2014-01-10 | 2018-06-21 |
| MESCH, William Gregory | Director | 2013-12-10 | 2025-09-02 |
| PRELZ OLTRAMONTI, Massimo Giovanni | Director | 2014-01-10 | 2014-10-01 |
| STONE, Christopher Michael Renwick | Director | 2017-02-27 | 2018-06-21 |
| VAN DOORNE, Leopold Wilhelmus Antonius Maria | Director | 2014-01-10 | 2017-09-20 |
| OLSWANG DIRECTORS 1 LIMITED | Corporate Director | 2013-11-13 | 2013-12-10 |
| OLSWANG DIRECTORS 2 LIMITED | Corporate Director | 2013-11-13 | 2013-12-10 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Cityfibre Holdco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-12-13 | Active |
| Connect Infrastructure Bidco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-06-21 | Ceased 2018-12-13 |
Filing timeline
Last 20 of 201 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-09-23 RESOLUTIONS Resolution
- 2025-08-22 RESOLUTIONS Resolution
- 2025-07-31 RESOLUTIONS Resolution
- 2025-07-04 RESOLUTIONS Resolution
- 2025-06-03 RESOLUTIONS Resolution
- 2025-05-09 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-07 | AA | accounts | Accounts with accounts type group | |
| 2025-09-29 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-23 | RESOLUTIONS | resolution | Resolution | |
| 2025-09-22 | SH01 | capital | Capital allotment shares | |
| 2025-09-15 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-15 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-09-12 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-09 | OC | miscellaneous | Court order | |
| 2025-09-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-27 | SH01 | capital | Capital allotment shares | |
| 2025-08-22 | RESOLUTIONS | resolution | Resolution | |
| 2025-07-31 | RESOLUTIONS | resolution | Resolution | |
| 2025-07-29 | SH01 | capital | Capital allotment shares | |
| 2025-07-04 | RESOLUTIONS | resolution | Resolution | |
| 2025-06-30 | SH01 | capital | Capital allotment shares | |
| 2025-06-03 | RESOLUTIONS | resolution | Resolution | |
| 2025-05-29 | SH01 | capital | Capital allotment shares | |
| 2025-05-23 | SH01 | capital | Capital allotment shares | |
| 2025-05-09 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 6
- Officers appointed
- 3
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.