TRUESPEED COMMUNICATIONS LTD

• ◆

  8 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

• ·

  Negative shareholders' funds

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. 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. 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. TRUESPEED COMMUNICATIONS LTD 2015-01-13 → present
2. WANSDYKE NETWORKING LTD 2014-08-28 → 2015-01-13

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

UHY Hacker Young

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have prepared a detailed business plan and rolling cash flow forecasts. The company (as part of the new Freedom Truespeed Group) has the support of its new investor, Infrabridge, which has committed to fund the company through to cash breakeven. On this basis the directors have concluded that the company will be able to meet its liabilities as they fall due for the foreseeable future and hence it is appropriate to continue to adopt the going concern basis in the preparation of these financial statements.”

Significant events

• “During 2025, the company combined with County Broadband Limited, bringing both entities under common ownership.”
• “In the current year, as part of the group reorganisation, the shareholder loans, the borrowing from Aviva Investor Infrastructure No. 6 Limited and accrued interest payable were transferred to Truespeed Communications Group Limited creating an intercompany creditor.”
• “Subsequent to the year end, the group to which the company belongs combined with Freedom Fibre Limited, a further full-fibre broadband provider, to create the Freedom Truespeed Group.”

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

1

last 24 months

Officers appointed

3

last 12 months

Officers resigned

8

last 12 months

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