F & W NETWORKS LTD
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Cash
£466K
lowest in 4 filed years
Net assets
£64M
highest in 4 filed years
Employees
50
Average over period
Profit before tax
-£8.3M
Period ending 2025-03-31
Net assets
4-year trend · vs Telecommunications median
Accounts
4-year trend · Δ = latest vs prior filed period · latest reflected 2025-03-31
| Metric | Trend | 2020-08-31 | 2021-08-31 | 2024-09-30 | 2025-03-31 | Δ vs prior |
|---|---|---|---|---|---|---|
| Turnover | — | — | £3,817,439 | £3,406,293 | — | |
| Operating profit | — | — | -£16,226,542 | -£7,175,366 | — | |
| Profit before tax | — | — | -£18,786,365 | -£8,334,211 | — | |
| Net profit | — | — | -£18,786,365 | -£8,334,211 | — | |
| Cash | £3,642,391 | £3,648,462 | £793,207 | £465,923 | — | |
| Total assets less current liabilities | £5,108,699 | £14,840,394 | £62,699,267 | £64,858,011 | — | |
| Net assets | £5,058,699 | £14,840,394 | £62,340,881 | £64,482,688 | — | |
| Equity | £5,058,699 | £14,840,394 | £62,340,881 | £64,482,688 | — | |
| Average employees | 1 | 12 | 60 | 50 | — | |
| Wages | — | — | £1,444,584 | £664,219 | — | |
| Directors' remuneration | — | — | — | — | — |
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 —. Year-on-year comparison hidden: this filing covers about 6 months versus 13 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-08-31 | 2021-08-31 | 2024-09-30 | 2025-03-31 |
|---|---|---|---|---|---|
| Return on capital employed | — | — | -25.9% | -11.1% | |
| Current ratio | — | — | 0.10x | 0.07x | |
| Interest cover | — | — | -6.34x | -6.19x |
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
- Consolidated group
- Auditor
- Gerald Edelman LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Having reviewed the company and group's financial position, additional equity funding secured post period-end, renewal of the bank loan secured post period-end and anticipated future results and cash flows against the group's business plan, the directors have a reasonable expectation that the company and group has adequate resources to continue in operational existence for the foreseeable future. Thus the going concern basis has been adopted in preparing the financial statements for the period ended 31 March 2025.”
Group structure
- F & W NETWORKS LTD · parent
- Hey Broadband Ltd 100%
Significant events
- “On 17 April 2025, an agreement was reached with Santander to renew the £25m the banking facility until December 2028.”
- “On 28 July 2025, 251,200 B Ordinary shares of £1 each were issued and paid for cash at a premium of £2.50.”
- “On 26 August 2025, 3,117,928 B Ordinary shares of £1 each were issued and paid for cash at a premium of £2.50.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| OAKWOOD CORPORATE SECRETARY LIMITED | Corporate Secretary | 2019-05-21 | — | — |
| BOCK MONTERO, Carlos | Director | 2018-10-23 | Nov 1978 | Spanish |
| CAMPO, Alessandro | Director | 2026-03-09 | Nov 1988 | British,Italian |
| KADER ISRAELSKI, Alberto | Director | 2022-11-14 | Feb 1965 | Costa Rican |
| MASCARO RUBERT, Jaime | Director | 2020-09-01 | Apr 1981 | Spanish |
| PORTO DOLC, Arnau | Director | 2025-05-19 | Apr 1985 | Spanish |
| THAKRAR, Amit Rishi Jaysukh | Director | 2022-09-29 | Jul 1987 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BROWN, David Stewart | Director | 2018-08-13 | 2019-03-19 |
| MARTINEZ SANCHEZ, Frank | Director | 2019-03-14 | 2022-10-31 |
| RAMIS BARRIOS, Miguel | Director | 2020-09-01 | 2022-10-31 |
| SCHOEMAN, Abel Daniel | Director | 2020-09-01 | 2022-10-21 |
| TUNSTALL, Richard John | Director | 2021-04-30 | 2023-10-04 |
| FIRSTLAND B.V. | Corporate Director | 2024-03-06 | 2025-05-19 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Foresight Fibre Holdco Limited | Corporate entity | Shares 50–75%, Voting 50–75% | 2022-09-29 | Active |
| Maestro Capital Ltd | Corporate entity | Shares 50–75%, Voting 50–75%, Appoints directors | 2019-03-15 | Ceased 2020-08-03 |
| Mr Frank Martinez Sanchez | Individual | Shares 25–50% | 2019-01-29 | Ceased 2019-03-15 |
| Mr Carlos Bock Montero | Individual | Shares 50–75% | 2019-01-29 | Ceased 2019-03-15 |
| Mr David Stewart Brown | Individual | Shares 75–100%, Appoints directors | 2018-08-13 | Ceased 2019-01-29 |
Filing timeline
Last 20 of 103 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-08-11 RP04SH01 Legacy
- 2025-08-04 MA Memorandum articles
- 2025-08-04 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-05 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-17 | SH01 | capital | Capital allotment shares | |
| 2025-12-30 | AA | accounts | Accounts with accounts type group | |
| 2025-09-02 | SH01 | capital | Capital allotment shares | |
| 2025-08-11 | RP04SH01 | change-of-name | Legacy | |
| 2025-08-04 | MA | incorporation | Memorandum articles | |
| 2025-08-04 | RESOLUTIONS | resolution | Resolution | |
| 2025-07-31 | SH01 | capital | Capital allotment shares | |
| 2025-07-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-06-26 | AA01 | accounts | Change account reference date company previous shortened | |
| 2025-06-18 | AA | accounts | Accounts with accounts type group | |
| 2025-06-10 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-10 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-17 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-04-11 | SH01 | capital | Capital allotment shares | |
| 2024-11-07 | SH01 | capital | Capital allotment shares | |
| 2024-10-03 | AA01 | accounts | Change account reference date company previous extended | |
| 2024-07-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-05-03 | AA | accounts | Accounts with accounts type group | |
| 2024-04-12 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 5
- Officers appointed
- 1
- 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.