TELELINK (UK) LIMITED
Operating as the UK subsidiary of Bulgarian parent Telelink Infra Services Group AD, the company provides wireless telecommunications infrastructure and services.
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Cash
£286K
-71.7% vs 2023
Net assets
-£797K
-2,447.9% lowest in 4 filed years
Employees
76
-44.1% lowest in 4 filed years
Profit before tax
-£6.3M
-2.9% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
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Material uncertainty over going concern
Whilst the director is confident that the company and group can meet their projections, and therefore believes it is appropriate to prepare the accounts on a going concern basis, given the inherent uncertainty in these projections there can be no certainty in this respect. If sufficient income cannot be generated the company will explore other options such as further cost reductions. As a result a material uncertainty exists as to whether the company can continue in business and meet its liabilities as they fall due for a period of at least twelve months from the date of approval of the financial statements. The financial statements do not include any adjustments that might be required in the event the company was unable to continue as a going concern.
Net assets
4-year trend · vs Telecommunications median
Accounts
4-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|
| Turnover | — | — | £27,617,233 | £6,194,410 | -77.6% | |
| Operating profit | — | — | -£5,363,077 | -£5,959,262 | -11.1% | |
| Profit before tax | — | — | -£6,087,548 | -£6,263,906 | -2.9% | |
| Net profit | — | £1,388,538 | -£6,033,168 | -£6,307,350 | -4.5% | |
| Cash | £274,327 | £923,367 | £1,010,053 | £286,035 | -71.7% | |
| Total assets less current liabilities | — | — | £573,598 | -£471,030 | -182.1% | |
| Net assets | — | — | -£31,273 | -£796,820 | -2,447.9% | |
| Equity | £2,981,819 | £1,593,281 | -£31,273 | -£796,820 | -2,447.9% | |
| Average employees | 94 | 118 | 136 | 76 | -44.1% | |
| Wages | — | — | £6,419,841 | £3,947,438 | -38.5% | |
| Directors' remuneration | £116,563 | £417,132 | £247,101 | £261,423 | +5.8% |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Operating margin | — | — | -19.4% | -96.2% | |
| Net margin | — | — | -21.8% | -101.8% | |
| Return on capital employed | — | — | -935.0% | — | |
| Gearing (liabilities / total assets) | — | — | 100.2% | 113.8% | |
| Current ratio | — | — | 0.95x | 0.82x | |
| Interest cover | — | — | -5.30x | -7.83x |
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.
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Hadleys & Co.
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“Whilst the director is confident that the company and group can meet their projections, and therefore believes it is appropriate to prepare the accounts on a going concern basis, given the inherent uncertainty in these projections there can be no certainty in this respect. If sufficient income cannot be generated the company will explore other options such as further cost reductions. As a result a material uncertainty exists as to whether the company can continue in business and meet its liabilities as they fall due for a period of at least twelve months from the date of approval of the financial statements. The financial statements do not include any adjustments that might be required in the event the company was unable to continue as a going concern.”
Significant events
- “The financial year 2024 was marked by a significant downturn in revenue, reflecting both ongoing macroeconomic challenges and delayed delivery cycles in our core telecom operations.”
- “Successful diversification was achieved by expanding operations in the energy sector, sharing the Group's growing expertise.”
- “The Vodafone/Three merger announcement in early 2025 represents a transformative opportunity.”
- “Telelink UK, as part of the Group, launched a change in its corporate identity in June 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CIKALOV, Stiliyan Veselinov | Director | 2024-03-01 | Sep 1982 | Bulgarian |
| FILIPOV, Julian Mihaylov | Director | 2024-03-01 | Jul 1976 | British,Bulgarian |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ATHANASOPOULOS, Konstantinos | Director | 2014-12-09 | 2016-05-12 |
| FILIPOV, Julian Mihaylov | Director | 2016-05-12 | 2022-09-30 |
| IVANOV, Kiril Georgiev | Director | 2022-10-17 | 2023-10-06 |
| IVANOV, Paun Ivanov | Director | 2022-10-17 | 2023-10-06 |
| KEISE, Martin Anthony | Director | 2022-01-05 | 2022-08-15 |
| MINCHEV, Lyubomir Mihaylov | Director | 2022-10-17 | 2023-06-09 |
| PFURTSCHELLER, Markus | Director | 2022-09-20 | 2024-02-29 |
| POPOV, Yordan Georgiev | Director | 2023-06-09 | 2023-10-06 |
| ROBERTSON, Stephen James | Director | 2022-10-17 | 2023-10-06 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Telelink Infra Services Group Ad | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors (as firm) | 2023-09-27 | Active |
| Mr Lyubomir Minchev | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-12-06 | Ceased 2023-09-27 |
| Telelink Holding B.V. | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors, Significant influence (as firm) | 2016-04-06 | Ceased 2018-12-06 |
Filing timeline
Last 20 of 77 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-31 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-09-02 | AA | accounts | Accounts with accounts type full | |
| 2025-07-12 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-12-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-12-16 | SH01 | capital | Capital allotment shares | |
| 2024-12-13 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-12-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-10-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-21 | AA | accounts | Accounts with accounts type full | |
| 2024-05-16 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-03-07 | CH01 | officers | Change person director company with change date | |
| 2024-03-07 | CH01 | officers | Change person director company with change date | |
| 2024-03-07 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-07 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-07 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-20 | AA | accounts | Accounts with accounts type full | |
| 2023-10-26 | SH01 | capital | Capital allotment shares | |
| 2023-10-09 | CH01 | officers | Change person director company with change date | |
| 2023-10-09 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-09 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 1
- Officers appointed
- 0
- Officers resigned
- 0
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.