EUNETWORKS HOLDINGS 3 LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-06 (in 6mo)
Last made up 2025-10-23
Watchouts
Cash
£41M
EUR 46,600,000
-6.4% vs 2023
Net assets
£432M
EUR 496,400,000
-10.1% vs 2023
Employees
348
-4.7% vs 2023
Profit before tax
-£53M
EUR -61,000,000
+30.7% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
2-year trend · vs Telecommunications median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £210,540,047 | £221,845,378 | |
| Operating profit | -£48,873,815 | -£12,609,792 | |
| Profit before tax | -£76,528,394 | -£53,048,091 | |
| Net profit | -£57,396,295 | -£45,917,036 | |
| Cash | £43,308,114 | £40,525,263 | |
| Total assets less current liabilities | £1,303,330,724 | £1,332,289,764 | |
| Net assets | £480,041,743 | £431,689,712 | |
| Equity | £480,041,743 | £431,689,712 | |
| Average employees | 365 | 348 | |
| Wages | £32,002,783 | £34,089,921 | |
| Directors' remuneration | — | — |
Figures converted to GBP from EUR at 0.870 per EUR (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+5.4%
£210,540,047 £221,845,378
-
Cash
-6.4%
£43,308,114 £40,525,263
-
Net assets
-10.1%
£480,041,743 £431,689,712
-
Employees
-4.7%
365 348
-
Operating profit
+74.2%
-£48,873,815 -£12,609,792
-
Profit before tax
+30.7%
-£76,528,394 -£53,048,091
-
Wages
+6.5%
£32,002,783 £34,089,921
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -23.2% | -5.7% | |
| Net margin | -27.3% | -20.7% | |
| Return on capital employed | -3.7% | -0.9% | |
| Gearing (liabilities / total assets) | 66.0% | 70.5% | |
| Current ratio | 0.94x | 0.85x | |
| Interest cover | -1.77x | -0.31x |
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
- EUNETWORKS HOLDINGS 3 LIMITED 2018-04-19 → present
- STONEPEAK SPEAR UK BIDCO LTD 2017-10-24 → 2018-04-19
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Group meets its day to day working capital requirements through its revolving credit facility and ongoing operating cash flows. The Group's forecasts, taking account of possible changes in trading performance, show the Group will be able to operate within the level of its current facilities. The Directors are confident this will meet the working capital needs for the foreseeable future. The Directors have, at the time of approving the financial statements, a reasonable expectation that the Company and the Group have adequate resources to continue in operational existence in the foreseeable future, meaning at least the next 12 months from the date of approving these financial statements. Given the Company and the Group have available facilities, the Directors continue to adopt the going concern basis of accounting in preparing the financial statements.”
Group structure
- EUNETWORKS HOLDINGS 3 LIMITED · parent
- euNetworks Holdings 2 Limited 0.577%
- euNetworks Holdings Limited 0.577%
- euNetworks Group Limited 0.577%
- euNetworks GmbH 0.577%
- euNetworks Ireland Private Fiber Limited 0.577%
- euNetworks B.V. 0.577%
- euNetworks Data Centres BV 0.577%
- euNetworks Fiber UK Limited 0.577%
- euNetworks SAS 0.577%
- euNetworks Belgium BV 0.577%
- euNetworks AG 0.577%
- euNetworks srl 0.577%
- euNetworks Fiber S.L. 0.577%
- euNetworks AT GmbH 0.577%
- Rockabill Cable Systems Limited 0.577%
- euNetworks The Loop Ltd 0.577%
- euNetworks Services BG EOOD 0.577%
- euNetworks AB 0.577%
Significant events
- “In March 2025, euNetworks executed a new €390m interest rate swap, which will take effect from 30 June 2025 and run until 30 November 2028. This new swap aligns with the maturity of the €390m debt facility, refinanced during 2024.”
- “On 23 April 2025, euNetworks announced the appointment of Marisa Trisolino as its Chief Executive Officer, effective 12 May 2025. Concurrent with the appointment, interim CEO Kevin Dean transitioned to Chairman of euNetworks.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| TAYLOR, Richard Henry | Secretary | 2018-01-03 | — | — |
| FERRO, Giancarlo | Director | 2026-03-25 | Aug 1967 | British |
| PARKER, John | Director | 2025-09-16 | Mar 1994 | American,Polish,Austrian |
| TAYLOR, Richard Henry | Director | 2018-01-03 | Jun 1973 | British |
| TRISOLINO, Marisa | Director | 2025-05-20 | Jul 1970 | Italian |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ALEXAKIS, Katherine Ann | Director | 2024-07-29 | 2026-03-10 |
| COGAN, Paula | Director | 2022-12-13 | 2024-08-27 |
| GENTRY, Cyrus Stokes | Director | 2022-02-22 | 2025-09-16 |
| MCMULLEN, Brian | Director | 2017-10-24 | 2022-02-21 |
| RAFUSE, Brady Reid | Director | 2018-04-18 | 2022-12-13 |
| SMITH, Jennifer Lyn | Director | 2018-04-18 | 2019-03-28 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Michael Brian Dorrell | Individual | Significant influence | 2018-01-11 | Ceased 2022-04-26 |
| Mr Trent Vichie | Individual | Significant influence | 2018-01-11 | Ceased 2021-04-01 |
| Eunetworks Holdings 4 Limited | Corporate entity | Shares 75–100% | 2017-10-24 | Ceased 2026-01-05 |
| Eunetworks Holdings 4 Limited Active | Corporate entity | Shares 75–100% | 2017-10-24 | Ceased 2026-01-05 |
| Mr. Trent Dean Vichie | Individual | Significant influence | 2017-10-24 | Ceased 2020-03-12 |
| Mr. Peter James Bruce | Individual | Significant influence | 2017-10-24 | Ceased 2018-04-17 |
| Mr. Brian Mcmullen | Individual | Significant influence | 2017-10-24 | Ceased 2018-01-11 |
Filing timeline
Last 20 of 70 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-25 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-10 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-07 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2026-01-07 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-01-07 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-11-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-07 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-07 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-09 | AA | accounts | Accounts with accounts type group | |
| 2025-05-27 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-23 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-09-10 | AA | accounts | Accounts with accounts type full | |
| 2024-09-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-12 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-31 | AAMD | accounts | Accounts amended with accounts type group | |
| 2023-10-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-11 | AA | accounts | Accounts with accounts type full | |
| 2022-12-14 | AP01 | officers | Appoint person director company with name date | |
| 2022-12-14 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 0
- Officers appointed
- 3
- Officers resigned
- 2
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.