TALKTALK BUSINESS DIRECT LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-05-17
Overdue
Watchouts
Cash
£9M
Latest balance sheet
Net assets
-£11M
Equity attributable
Employees
202
Average over period
Profit before tax
-£13M
Period ending 2024-12-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Confirmation statement overdue
Due 2026-05-17.
Net assets
3-year trend · vs Telecommunications median
Accounts
3-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-02-28 | 2024-02-29 | 2024-12-31 |
|---|---|---|---|---|
| Turnover | — | £84,603,000 | £67,717,000 | |
| Operating profit | — | -£31,397,000 | -£1,779,000 | |
| Profit before tax | — | -£44,071,000 | -£12,882,000 | |
| Net profit | — | -£44,071,000 | -£12,882,000 | |
| Cash | £15,000 | £9,480,000 | £9,412,000 | |
| Total assets less current liabilities | — | — | — | |
| Net assets | — | -£62,641,000 | -£11,100,000 | |
| Equity | — | -£62,641,000 | -£11,100,000 | |
| Average employees | — | 189 | 202 | |
| Wages | — | £9,053,000 | £8,812,000 | |
| Directors' remuneration | — | £342,000 | £598,000 |
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
FY2024 → FY2024 · period ending 2024-12-31 vs 2024-02-29
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-02-28 | 2024-02-29 | 2024-12-31 |
|---|---|---|---|---|
| Operating margin | — | -37.1% | -2.6% | |
| Net margin | — | -52.1% | -19.0% | |
| Current ratio | — | 0.14x | 0.32x | |
| Interest cover | — | -2.46x | -0.16x |
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
- TALKTALK BUSINESS DIRECT LIMITED 2018-09-11 → present
- DREY TELECOM LIMITED 2018-05-04 → 2018-09-11
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- HW Fisher Audit
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“On this basis, the Directors have a reasonable expectation that the Company has sufficient resources to continue its operations for the foreseeable future, being a period of not less than twelve months from the date of this report, and accordingly they continue to adopt the going concern basis in preparing these financial statements.”
Significant events
- “During December 2024, a loan note of £64,424k owed to TalkTalk Communications Limited was converted into Share Premium following the expiry of a conditional clause in the loan agreement that determ ned the loan was only repayable should TTBD be sold before 30 November 2024.”
- “The Company entered into a new facility with Kartesia in the year for £51m also with a 6 year term, providing the funds for TFP to repay the majority of the more expensive funding from Ares.”
- “During the year, an amendment and restatement deed was signed between the Company and the shareholders in respect of loans outstanding, and the interest that had been accumulating on shareholder loans has been reduced by 7% (to a margin rate of 10%), with this reduction backdated to the inception of the loan.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DANCE, Samuel Christopher | Director | 2023-12-18 | Dec 1981 | British |
| KENNEDY, Ruth Ann | Director | 2023-12-18 | Sep 1978 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MORRIS, Timothy Simon | Secretary | 2019-07-03 | 2023-09-29 |
| EAYRES, Phil John, Mr | Director | 2021-03-12 | 2023-09-29 |
| FERRY, Kate | Director | 2018-05-04 | 2021-03-12 |
| HARRISON, Tristia Adele | Director | 2018-05-04 | 2023-09-29 |
| SCOTT, Steven | Director | 2023-09-29 | 2023-12-19 |
| SMITH, James Donald | Director | 2023-04-17 | 2023-09-29 |
| TAYLOR, Roger William | Director | 2023-09-29 | 2023-12-19 |
| THACKRAY, Jonathan Giles, Mr | Director | 2022-09-01 | 2023-02-13 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Tfp Telecoms Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-09-29 | Active |
| Talktalk Communications Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2018-05-04 | Ceased 2023-09-29 |
Filing timeline
Last 20 of 60 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-11-14 MA Memorandum articles
- 2023-11-14 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-08-14 | AA | accounts | Accounts with accounts type full | |
| 2025-05-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-03-05 | AA | accounts | Accounts with accounts type full | |
| 2025-01-21 | RP04SH01 | capital | Second filing capital allotment shares | |
| 2024-12-23 | SH01 | capital | Capital allotment shares | |
| 2024-08-14 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-05-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-03-05 | AA01 | accounts | Change account reference date company current shortened | |
| 2023-12-19 | CH01 | officers | Change person director company with change date | |
| 2023-12-19 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-19 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-19 | AP01 | officers | Appoint person director company with name date | |
| 2023-12-19 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-30 | AA | accounts | Accounts with accounts type audit exemption subsiduary | |
| 2023-11-30 | PARENT_ACC | accounts | Legacy | |
| 2023-11-30 | AGREEMENT2 | other | Legacy | |
| 2023-11-30 | GUARANTEE2 | other | Legacy | |
| 2023-11-14 | MA | incorporation | Memorandum articles | |
| 2023-11-14 | RESOLUTIONS | resolution | Resolution | |
| 2023-11-07 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 2
- 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.