EUNETWORKS HOLDINGS 2 LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-07 (in 6mo)
Last made up 2025-10-24
Watchouts
Cash
£41M
EUR 46,600,000
-6.4% vs 2023
Net assets
£425M
EUR 489,100,000
-10.2% 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
-
1 PSC 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 | £1,296,982,346 | £1,325,941,386 | |
| Net assets | £473,693,365 | £425,341,334 | |
| Equity | £473,693,365 | £425,341,334 | |
| Average employees | 365 | 348 | |
| Wages | £32,002,783 | £34,089,921 | |
| Directors' remuneration | £1,217,497 | £2,348,030 |
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
-10.2%
£473,693,365 £425,341,334
-
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 | -3.8% | -1.0% | |
| Gearing (liabilities / total assets) | 66.4% | 70.9% | |
| Current ratio | 0.88x | 0.81x | |
| 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 2 LIMITED 2018-04-19 → present
- STONEPEAK SPEAR NEWCO (UK) LTD 2017-10-25 → 2018-04-19
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“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 2 LIMITED · parent
- euNetworks Holdings Limited 100%
- euNetworks Group Limited 100%
- euNetworks GmbH 100%
- euNetworks Ireland Private Fiber Limited 100%
- euNetworks B.V. 100%
- euNetworks Data Centres BV 100%
- euNetworks Fiber UK Limited 100%
- euNetworks SAS 100%
- euNetworks Belgium BV 100%
- euNetworks AG 100%
- euNetworks srl 100%
- euNetworks Fiber S.L. 100%
- euNetworks AT GmbH 100%
- Rockabill Cable Systems Limited 100%
- euNetworks The Loop Ltd 100%
- euNetworks Services BG EOOD 100%
- euNetworks AB 100%
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.”
- “On 12 March 2024, euNetworks Services BG EOOD was incorporated in Bulgaria. The company is a wholly-owned subsidiary of euNetworks Group Limited.”
- “On 3 December 2024, Goldcup 36348 AB was incorporated in Sweden and subsequently renamed to euNetworks AB on 5 February 2025. The company is a wholly-owned subsidiary of euNetworks Group Limited.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 7 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 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ALEXAKIS, Katherine Ann | Director | 2021-12-07 | 2026-03-10 |
| COGAN, Paula | Director | 2022-12-13 | 2024-08-27 |
| FIELD, Andrew Robert | Director | 2019-02-27 | 2021-12-07 |
| GENTRY, Cyrus Stokes | Director | 2022-02-22 | 2025-09-16 |
| MCMULLEN, Brian | Director | 2017-10-25 | 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 |
|---|---|---|---|---|
| Eunetworks Holdings 4 Limited | Corporate entity | Shares 25–50% | 2018-01-11 | Ceased 2026-01-05 |
| 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 |
| Mr Trent Dean Vichie | Individual | Significant influence | 2018-01-11 | Ceased 2020-03-12 |
| Eunetworks Holdings 3 Limited | Corporate entity | Shares 50–75% | 2017-10-25 | Active |
Filing timeline
Last 20 of 85 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 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-10-28 | 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 | |
| 2025-06-17 | 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 | |
| 2024-09-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-23 | AA | accounts | Accounts with accounts type group | |
| 2023-10-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-26 | AA | accounts | Accounts with accounts type group | |
| 2022-12-15 | AP01 | officers | Appoint person director company with name date | |
| 2022-12-14 | TM01 | officers | Termination director company with name termination date | |
| 2022-10-26 | AA | accounts | Accounts with accounts type group | |
| 2022-10-24 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-04-29 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2022-04-28 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2022-04-28 | PSC05 | persons-with-significant-control | Change to a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- 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.