VX FIBER LIMITED
Operating as a subsidiary of Freedom Fibre Limited, the company provides fibre broadband network infrastructure and IT management services.
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Cash
£165K
+15% vs 2023
Net assets
£134M
+33.9% highest in 3 filed years
Employees
47
-59.5% lowest in 3 filed years
Profit before tax
-£10M
+18.6% highest in 3 filed years
Net assets
3-year trend · vs Technology median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2022-12-31 | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £1,811,728 | £4,621,627 | £3,471,241 | -24.9% | |
| Operating profit | -£9,844,684 | -£11,278,542 | -£10,001,240 | +11.3% | |
| Profit before tax | -£10,239,180 | -£12,290,630 | -£10,001,169 | +18.6% | |
| Net profit | -£6,003,040 | -£12,290,630 | -£10,001,169 | +18.6% | |
| Cash | £383,132 | £143,320 | £164,797 | +15% | |
| Total assets less current liabilities | £123,026,980 | £118,627,679 | £133,979,926 | +12.9% | |
| Net assets | £112,381,072 | £100,090,442 | £133,979,926 | +33.9% | |
| Equity | £112,381,072 | £100,090,442 | £133,979,926 | +33.9% | |
| Average employees | 117 | 116 | 47 | -59.5% | |
| Wages | £2,360,749 | £2,212,133 | £1,958,371 | -11.5% | |
| Directors' remuneration | £317,400 | £317,400 | £119,440 | -62.4% |
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 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|
| Return on capital employed | -8.0% | -9.5% | -7.5% | |
| Current ratio | — | 0.14x | 0.42x | |
| Interest cover | -24.89x | -11.14x | — |
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.
Name history
Renamed 1 time since incorporation
- VX FIBER LIMITED 2018-11-19 → present
- VNXT UK LIMITED 2017-01-10 → 2018-11-19
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Grant Thornton UK LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis which assumes the company's ability to continue trading (and thus pay its debts as they fall due) for the foreseeable future. The company is dependent for this on the continuing support and loans from the immediate parent company.”
Significant events
- “Following regulator approval, on 26 March 2024, Freedom Fibre acquired 100% of the issued share capital of Infrabridge backed VX Fiber Limited (VX UK) and LilaConnect Limited (LilaConnect).”
- “On 24 April 2025, Freedom Fibre announced a group wide redundancy scheme as part of a change in operating model from network build to commercialisation and profitability. The redundancy programme is expected to complete in July 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| VAUTIER, Nathan Alan | Director | 2024-09-23 | Feb 1976 | British |
| WOODS, Darren John | Director | 2024-03-26 | Nov 1968 | British |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BLOCK, Carl Stefan Demetrios | Director | 2023-03-16 | 2024-03-26 |
| LANGE, Jan Helge | Director | 2023-03-16 | 2024-03-26 |
| MCARTHUR, Neil | Director | 2024-03-26 | 2024-09-23 |
| MOORE, Anthony | Director | 2024-03-26 | 2024-12-31 |
| SANDBERG, Arne Mikael | Director | 2017-01-10 | 2023-03-16 |
| SÖRENSEN, Jens Fredrik | Director | 2023-03-16 | 2024-03-26 |
| WIDING, Tord Christian | Director | 2018-06-25 | 2023-03-16 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Freedom Fibre Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-03-26 | Active |
| Vx Uk Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-03-08 | Ceased 2024-03-26 |
| Infrabridge Investors (Uk) Limited | Corporate entity | Significant influence | 2023-02-02 | Ceased 2024-03-08 |
| Digitalbridge Group, Inc | Corporate entity | Significant influence | 2023-02-02 | Ceased 2024-03-08 |
| Vnext Ab | Corporate entity | Shares 75–100%, Voting 75–100% | 2017-01-10 | Ceased 2023-02-02 |
Filing timeline
Last 20 of 52 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-29 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-01-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-15 | AA | accounts | Accounts with accounts type full | |
| 2025-01-17 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-11-04 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-04 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-11 | AA | accounts | Accounts with accounts type full | |
| 2024-05-28 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-05-28 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-03-28 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-28 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-28 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-28 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-28 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-28 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-14 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-03-14 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-03-14 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-03-13 | AD01 | address | Change registered office address company with date old address new address |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- 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.