SUBSTANTIAL GROUP LIMITED

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

• Turnover

  +39.4%

  £5,018,269 → £6,993,380

• Cash

  -95.2%

  £209,278 → £10,000

• Net assets

  -4.5%

  -£1,477,676 → -£1,544,189

• Employees

  +40%

  35 → 49

• Operating profit

  +145.2%

  -£300,548 → £135,797

• Profit before tax

  +86.7%

  -£501,795 → -£66,513

• Wages

  +45.2%

  £2,480,145 → £3,600,878

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

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At the time of approving the financial statements, the directors have a reasonable expectation that the Company and the group of which the company is a member ("the Group") have adequate resources to continue in operational existence for a minimum period of 12 months from date of signature. Thus, the business has considered the Company's ongoing ability to fund its network roll out plan and continued operational expenditure and is satisfied that the Company can meet its obligations with the cash on hand and further loan notes and funding available.”

Group structure

1. SUBSTANTIAL GROUP LIMITED · parent
   1. Netomnia Limited 100% · UK · Developing facilities for the provision telecommunication services
   2. YouFibre Limited 100% · UK · Provision of telecommunication services over fibre optic cabling
   3. Netxco Limited 100% · UK · Dormant company

Significant events

• “Investment in the network deployment continues to grow, requiring significant funding. Following on from successfully securing £147.5m of senior debt financing through the accordion facility in February 2024, the Group raised a further £147m in May 2024 and £25m in October 2024. The business also merged with Saltco II Limited in August 2024, which was accompanied by additional equity commitments.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

1

last 24 months

Officers appointed

1

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.