BOLDYN NETWORKS UK LIMITED

• ⚠

  Confirmation statement overdue

  Due 2026-04-11.

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

  -70.4%

  £39,236,224 → £11,620,278

• Cash

  +891.1%

  £5,209,813 → £51,632,452

• Net assets

  +12.9%

  £182,936,093 → £206,448,059

• Employees

  +0.9%

  110 → 111

• Operating profit

  -35.3%

  -£25,683,359 → -£34,755,716

• Profit before tax

  -39.3%

  -£29,579,202 → -£41,202,276

• Wages

  +16.6%

  £10,065,682 → £11,733,783

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. BOLDYN NETWORKS UK LIMITED 2023-06-28 → present
2. BAI COMMUNICATIONS LTD 2016-03-30 → 2023-06-28

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis. Forecasts show that the Company expects to be able to continue to operate for a period of not less than 12 months from the date of approval of these financial statements. The Directors monitor the business performance, operations, and liquidity needs for the Company on a regular basis. Cashflow forecasts include use of existing cash balances, cash expected to be generated from operations and the use of debt facilities. The Company finished the year with a net asset position of £206,448,059 (2024: £182,936,093) and a cash balance of £51,632,452 (2024: £5,209,813). The Company has also reported a net current assets position of £17,214,199 (2024: net current liabilities £99,660,278). Additionally, Boldyn Networks Global Limited has provided a financial letter of support and the Directors have comfort over the ability of Boldyn Networks Global Limited to provide such support, as required.”

Significant events

• “On 1 July 2024, Boldyn Networks Europe has transferred its shares in the Company to Boldyn Networks PNE Holdings UK Ltd. The ultimate parent remains the same.”
• “On 1 July 2024, the Company issued 5,000,000 ordinary shares, in the amount of £5,000,000 at £1 each. These funds were to fund the opening build of the TfL project.”
• “On 30 June 2025, the Company issued 50,000,000 ordinary shares, in the amount of £50,000,000 at £1 each. These funds were to fund the ongoing build of the TfL project.”
• “After the reporting date, the Company received several additional equity injections to provide continued financial support for operational and investment activities. The following capital contributions were received: An intercompany facility of £50,000,000 was provided by Boldyn Networks PNE Holdings UK Ltd on 9 July 2025.”
• “An allotment of 15,000,000 ordinary shares for an equity contribution of £15,000,000 was issued to Boldyn Networks Europe Finance Limited on 21 October 2025, and a further 60,000,000 ordinary shares for £60,000,000 on 17 November 2025.”
• “A further £40,000,000 deposit was provided by Boldyn Networks PNE Holdings UK Ltd on 12 January 2026.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

9

last 12 months

Capital events

2

last 24 months

Officers appointed

1

last 12 months

Officers resigned

2

last 12 months

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