FIBRE ASSETS LIMITED
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Cash
£1.8M
-45% vs 2024
Net assets
-£36M
-95.1% lowest in 6 filed years
Employees
175
+25.9% highest in 6 filed years
Profit before tax
-£17M
-35.5% vs 2024
Net assets
6-year trend · vs Telecommunications median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-03-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £188,890 | £1,367,422 | +623.9% | |
| Operating profit | — | — | — | — | -£11,490,582 | -£14,927,492 | -29.9% | |
| Profit before tax | — | — | — | — | -£12,823,876 | -£17,372,342 | -35.5% | |
| Net profit | — | — | -£940,177 | -£5,186,327 | -£12,247,365 | -£17,353,744 | -41.7% | |
| Cash | £27,009 | £35,929 | £1,377,501 | £6,444,235 | £3,264,311 | £1,796,700 | -45% | |
| Total assets less current liabilities | £139,213 | £133,286 | £1,562,560 | £14,387,155 | £38,825,772 | £69,372,423 | +78.7% | |
| Net assets | £139,408 | £134,728 | -£805,449 | -£5,991,776 | -£18,239,141 | -£35,592,885 | -95.1% | |
| Equity | £139,408 | £134,728 | -£805,449 | -£5,991,776 | -£18,239,141 | -£35,592,885 | -95.1% | |
| Average employees | 4 | 4 | 9 | 40 | 139 | 175 | +25.9% | |
| Wages | — | — | — | — | £4,420,215 | £5,039,767 | +14% | |
| Directors' remuneration | — | — | — | — | £285,839 | £325,173 | +13.8% |
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 | 2019-12-31 | 2020-12-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|
| Return on capital employed | — | — | — | — | -29.6% | -21.5% | |
| Gearing (liabilities / total assets) | — | — | — | — | 141.9% | 147.3% | |
| Current ratio | — | — | — | — | 1.49x | 0.90x | |
| Interest cover | — | — | — | — | -8.62x | -6.11x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Price Bailey LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Significant events
- “The Company expects to continue growing significantly in financial year 2026. The network build will continue and that, together with our improved sales and marketing approach, will result in continued customer acquisition and revenue growth.”
- “The Company drew down a further £13.3m on an existing loan facility from its parent entity.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LIDDELL, Stephen Charles | Director | 2024-08-15 | Mar 1961 | British |
| MILLS, Jacob Spencer Gurholt | Director | 2025-05-29 | May 1983 | British |
| STANISLAWSKI, Stefan Roland | Director | 2019-05-29 | May 1964 | British |
| THAKRAR, Amit Rishi Jaysukh | Director | 2022-04-11 | Jul 1987 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CORNISH, Mark Edward | Director | 2019-05-29 | 2021-11-20 |
| DOWNIE, Helen Marie | Director | 2021-11-20 | 2022-04-11 |
| GLOVER, Andrew Michael | Director | 2018-01-17 | 2021-11-19 |
| JONES, Richard Anthony Declan | Director | 2019-05-29 | 2021-05-06 |
| MORJARIA, Anouska | Director | 2021-11-20 | 2024-08-15 |
| REGAN, Dale | Director | 2021-11-19 | 2025-05-29 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Fibre Assets Holdco Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-11-20 | Active |
| Mr Mark Edward Cornish | Individual | Significant influence | 2020-09-13 | Ceased 2021-11-20 |
| Mr Stefan Roland Stanislawski | Individual | Shares 25–50%, Voting 25–50% | 2020-09-13 | Ceased 2021-11-20 |
| Mr Andrew Michael Glover | Individual | Significant influence | 2018-01-17 | Ceased 2021-11-20 |
Filing timeline
Last 20 of 70 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-31 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-12-24 | AA | accounts | Accounts with accounts type full | |
| 2025-07-31 | CH01 | officers | Change person director company with change date | |
| 2025-06-11 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2025-06-10 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-09 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-04 | AA | accounts | Accounts with accounts type small | |
| 2024-10-23 | SH06 | capital | Capital cancellation shares | |
| 2024-10-16 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-09-13 | SH01 | capital | Capital allotment shares | |
| 2024-08-23 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-23 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-15 | SH01 | capital | Capital allotment shares | |
| 2024-07-10 | SH01 | capital | Capital allotment shares | |
| 2024-07-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-06-28 | SH01 | capital | Capital allotment shares | |
| 2024-04-16 | SH01 | capital | Capital allotment shares | |
| 2024-01-29 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 4
- 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.