EUNETWORKS HOLDINGS 2 LIMITED
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Cash
£40m
EUR 46,100,000
+4% vs 2024
Net assets
£381m
EUR 437,200,000
-6% lowest in 3 filed years
Employees
383
+10.1% highest in 3 filed years
Profit before tax
-£56m
EUR -63,800,000
-10% vs 2024
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
3-year trend · vs Telecommunications median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £210,284,027 | £211,595,886 | £226,844,584 | +7.2% | |
| Operating profit | -£48,814,384 | -£12,027,206 | -£16,047,445 | -33.4% | |
| Profit before tax | -£76,435,334 | -£50,597,213 | -£55,642,770 | -10% | |
| Net profit | -£57,326,500 | -£43,795,620 | -£46,921,333 | -7.1% | |
| Cash | £43,255,450 | £38,652,953 | £40,205,826 | +4% | |
| Total assets less current liabilities | £1,295,405,194 | £1,264,681,486 | £1,370,486,656 | +8.4% | |
| Net assets | £473,117,346 | £405,690,113 | £381,301,238 | -6% | |
| Equity | £473,117,346 | £405,690,113 | £381,301,238 | -6% | |
| Average employees | 365 | 348 | 383 | +10.1% | |
| Wages | £31,963,867 | £32,514,930 | £33,228,676 | +2.2% | |
| Directors' remuneration | £1,216,017 | £2,405,441 | £2,093,145 | -13% | |
| Directors' pension contributions | £30,400 | £29,861 | £20,059 | -32.8% | |
| Highest paid director | £608,008 | £1,493,033 | £872,144 | -41.6% |
Figures converted to GBP from EUR at 0.872 per EUR (Frankfurter spot rate) — hover any figure for the original. — 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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | -23.2% | -5.7% | -7.1% | |
| Net margin | -27.3% | -20.7% | -20.7% | |
| Return on capital employed | -3.8% | -1.0% | -1.2% | |
| Gearing (liabilities / total assets) | 66.4% | 70.9% | 74.6% | |
| Current ratio | 0.88x | 0.81x | 0.82x | |
| Interest cover | -1.77x | -0.31x | -0.41x |
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.”
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%
- euNetworks The Loop Ltd 100%
- euNetworks Services BG EOOD 100%
- euNetworks AB 100%
Significant events
- “On 29 January 2026, euNetworks announced the appointment of Giancarlo Ferro as its Chief Financial Officer, effective 23 March 2026.”
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 86 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-09 | AA | accounts | Accounts with accounts type group | |
| 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 |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 1
- 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.