WILDANET LIMITED
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Next accounts due
2025-12-31
Overdue
Confirmation statement due
2027-02-08 (in 9mo)
Last made up 2026-01-25
Watchouts
Cash
£685K
+15.6% vs 2022
Net assets
-£14M
-58.1% lowest in 6 filed years
Employees
184
+54.6% highest in 6 filed years
Profit before tax
-£14M
-55% vs 2022
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Annual accounts overdue
Due 2025-12-31.
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
7-year trend · vs Telecommunications median
Accounts
7-year trend · latest reflected 2023-12-31
| Metric | Trend | 2019-01-31 | 2020-01-31 | 2020-02-01 | 2020-11-30 | 2021-12-31 | 2022-12-31 | 2023-12-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | £655,532 | £1,367,658 | |
| Operating profit | — | — | — | — | — | -£7,174,998 | -£9,115,410 | |
| Profit before tax | — | — | — | — | — | -£9,067,355 | -£14,054,341 | |
| Net profit | — | — | — | -£989,835 | -£7,695,180 | -£8,840,402 | -£13,908,443 | |
| Cash | £627,270 | £82,663 | — | £104,937 | £1,912,892 | £592,660 | £685,402 | |
| Total assets less current liabilities | £870,702 | £631,507 | — | £116,516 | £7,206,843 | £19,553,119 | £54,963,659 | |
| Net assets | £859,872 | £466,605 | — | £2,982 | -£4,340,689 | -£9,161,091 | -£14,479,369 | |
| Equity | £859,872 | £466,605 | £466,605 | £2,982 | -£4,340,689 | -£9,161,091 | -£14,479,369 | |
| Average employees | 9 | 15 | — | 22 | 57 | 119 | 184 | |
| Wages | — | — | — | — | — | £2,471,744 | £3,725,341 | |
| Directors' remuneration | — | — | — | — | — | £658,076 | £675,538 |
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
FY2022 → FY2023 · period ending 2023-12-31 vs 2022-12-31
-
Turnover
+108.6%
£655,532 £1,367,658
-
Cash
+15.6%
£592,660 £685,402
-
Net assets
-58.1%
-£9,161,091 -£14,479,369
lowest in 6 filed years
-
Employees
+54.6%
119 184
highest in 6 filed years
-
Operating profit
-27%
-£7,174,998 -£9,115,410
-
Profit before tax
-55%
-£9,067,355 -£14,054,341
-
Wages
+50.7%
£2,471,744 £3,725,341
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 | 2019-01-31 | 2020-01-31 | 2020-02-01 | 2020-11-30 | 2021-12-31 | 2022-12-31 | 2023-12-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | -1094.5% | -666.5% | |
| Net margin | — | — | — | — | — | -1348.6% | -1017.0% | |
| Return on capital employed | — | — | — | — | — | -36.7% | -16.6% | |
| Current ratio | — | — | — | — | — | 0.83x | 0.44x | |
| Interest cover | — | — | — | — | — | -3.78x | -1.85x |
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 1 time since incorporation
- WILDANET LIMITED 2018-01-31 → present
- VERGIS LIMITED 2017-01-26 → 2018-01-31
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PKF Francis Clark
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company also has the intent and ability to take actions necessary to continue as a going concern and has obtained a letter of support from Gresham House BSI Infrastructure LP (the ultimate controlling party) which provides support for meeting our liabilities as and when they fall due, but only to the extent that money is not otherwise available to meet such liabilities. This support will take the form of cash injection or parent company guarantees where appropriate and the support has been provided for a minimum period of 12 months from the date of signing of the financial statements.”
Significant events
- “Two material events have taken place since the date of the balance sheet and the signing of this report, namely: in May 2024 the company undertook a reorganisation whereby a new holding structure was inserted above Wildanet Limited with existing shareholders and loan note holders transferred to the company's ultimate parent Wildanet Holdco Limited. Also, in May 2024, the company secured new loan facilities to fund the continued build out of its network under the F20 contracts from BDUK.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ADCOCK, Simon Mark Peter | Director | 2023-01-27 | Sep 1975 | British |
| HARRIMAN, Martin | Director | 2025-01-09 | Mar 1962 | British |
| INGAMELLS, Stevie | Director | 2023-06-23 | Oct 1992 | British |
| MADHVANI, Jai | Director | 2024-05-31 | Jun 1979 | British |
| PADDISON, Mark | Director | 2018-05-11 | Apr 1965 | British |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BACHMANN, Peter George Ka-Yin | Director | 2020-12-21 | 2023-01-27 |
| BEST, Stephen John | Director | 2023-08-24 | 2025-10-08 |
| BUTTERY, Paul Andrew | Director | 2021-07-22 | 2024-06-30 |
| CALVERT, Ian | Director | 2017-01-26 | 2023-06-23 |
| DEADMAN, Barrington Peter | Director | 2018-04-03 | 2019-10-01 |
| GLEN, Andrew Christopher | Director | 2019-01-22 | 2020-12-21 |
| MCKAY, Charles Richard Harvey | Director | 2017-12-18 | 2022-04-21 |
| MCKAY, Charles Richard Harvey | Director | 2017-12-11 | 2017-12-11 |
| MINSHULL, Eddie Peter | Director | 2021-01-08 | 2021-07-22 |
| WILLIAMS, Martin Glyndwr Hurst | Director | 2022-05-05 | 2024-04-29 |
| WYLDE-ARCHIBALD, Helen Rachael | Director | 2021-01-08 | 2025-03-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Wildanet Midco 2 Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-05-09 | Active |
| Wildanet Holdco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-05-08 | Ceased 2024-05-09 |
| Gresham House (Nominees) Limited | Corporate entity | Shares 50–75%, Voting 75–100% | 2022-05-13 | Ceased 2024-05-08 |
| Gresham House Bsi Infrastructure Lp | Corporate entity | Shares 25–50%, Voting 50–75% | 2020-12-21 | Ceased 2022-05-13 |
| Mr David John Reddaway-Richards | Individual | Shares 25–50% | 2017-12-30 | Ceased 2018-05-11 |
| Mrs Miriam Frances Mckay | Individual | Shares 25–50% | 2017-12-30 | Ceased 2018-05-11 |
| Mr Ian Calvert | Individual | Shares 75–100%, ownership-of-shares-75-to-100-percent-as-trust, ownership-of-shares-75-to-100-percent-as-firm, Voting 75–100%, voting-rights-75-to-100-percent-as-trust, voting-rights-75-to-100-percent-as-firm, Appoints directors, right-to-appoint-and-remove-directors-as-trust, right-to-appoint-and-remove-directors-as-firm | 2017-01-26 | Ceased 2020-12-21 |
Filing timeline
Last 20 of 193 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-28 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-02-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-29 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-28 | CH01 | officers | Change person director company with change date | |
| 2025-10-17 | AAMD | accounts | Accounts amended with accounts type full | |
| 2025-04-28 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-03-31 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-01-09 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-12-12 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-12-04 | RP04SH01 | capital | Second filing capital allotment shares | |
| 2024-11-14 | RP04SH01 | capital | Second filing capital allotment shares | |
| 2024-11-13 | RP04SH01 | capital | Second filing capital allotment shares | |
| 2024-11-12 | RP04SH01 | capital | Second filing capital allotment shares | |
| 2024-11-12 | RP04SH01 | capital | Second filing capital allotment shares | |
| 2024-11-12 | RP04SH01 | capital | Second filing capital allotment shares | |
| 2024-11-12 | RP04SH01 | capital | Second filing capital allotment shares | |
| 2024-11-12 | RP04SH01 | capital | Second filing capital allotment shares | |
| 2024-11-12 | RP04SH01 | capital | Second filing capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 9
- Officers appointed
- 0
- 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.