ADVANCED CABLES PLC
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-12-31
Confirmation statement due
2026-08-15 (in 3mo)
Last made up 2025-08-01
Watchouts
None on the register
Cash
£21K
Latest balance sheet
Net assets
£2M
highest in 5 filed years
Employees
4
Average over period
Profit before tax
-£658K
Period ending 2024-12-31
Net assets
5-year trend · vs Industrials median
Accounts
5-year trend · latest reflected 2024-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | |
| Operating profit | — | — | — | -£307,816 | -£616,302 | |
| Profit before tax | — | — | — | -£323,028 | -£657,589 | |
| Net profit | — | — | — | -£323,028 | -£657,589 | |
| Cash | — | — | £9,533 | £293,779 | £20,762 | |
| Total assets less current liabilities | -£13,913 | -£420,921 | -£1,614,432 | £28,913,276 | £34,544,141 | |
| Net assets | — | — | — | -£698,624 | £1,612,930 | |
| Equity | -£13,913 | -£420,921 | -£1,614,432 | -£698,624 | £1,612,930 | |
| Average employees | 4 | 4 | 4 | 3 | 4 | |
| Wages | — | — | — | £122,239 | £124,506 | |
| Directors' remuneration | — | — | — | £255,000 | £75,000 |
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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Return on capital employed | — | — | — | -1.1% | -1.8% | |
| Current ratio | — | — | — | 15.14x | 0.03x | |
| Interest cover | — | — | — | -0.29x | -0.34x |
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 2 times since incorporation
- ADVANCED CABLES PLC 2024-01-15 → present
- ADVANCED CABLES LIMITED 2023-02-21 → 2024-01-15
- ATLANTIC SUPERCONNECTION ADVANCED CABLES LIMITED 2020-03-23 → 2023-02-21
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Moore Kingston Smith LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Financial Statements have been prepared on the going concern basis. As detailed in the Report of the Directors the Company's ultimate parent, GIG Ltd, has agreed the sale of one of its subsidiaries. Following the sale GIG Ltd will benefit from a valuable contract to provide 'whole of-life' management services for its former subsidiary giving a long-term revenue stream to the group and settlement of intracompany loans sufficient to meet all due and payable liabilities. The Board is therefore of the opinion that the going concern basis should be adopted in the preparation of the Financial Statements. As stated in note 2, these conditions, along with other matter set forth in note 2 indicate that material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern. Our audit opinion is not modified in respect of this matter.”
Significant events
- “On 5 March 2025 the company issued a further 6,900,000 shares of £1 each to GIG SA.”
- “On 22 April 2025 GIG Ltd announced it had reached agreement for the sale of 80% of its subsidiary, Global Interconnection Group Services SA.”
- “On 23 April 2025 the terms of the 2028 GreenBonds were amended.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MSP CORPORATE SERVICES LIMITED | Corporate Secretary | 2023-08-08 | — | — |
| TRUELL, Matthew Thomas | Director | 2020-03-23 | Nov 1991 | British |
| GLOBAL INTERCONNECTION GROUP AG | Corporate Director | 2020-03-23 | — | — |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| LONDON LAW SECRETARIAL LIMITED | Corporate Secretary | 2020-03-23 | 2020-03-23 |
| DREW, Ian Ashley | Director | 2020-03-23 | 2023-05-05 |
| HENNING, Amelia Charlotte | Director | 2024-07-05 | 2026-04-24 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Global Interconnection Group Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2023-07-06 | Active |
| Mr John Loveless | Individual | ownership-of-shares-25-to-50-percent-as-trust, voting-rights-25-to-50-percent-as-trust | 2020-03-23 | Ceased 2023-07-06 |
| Disruptive Capital Renewable Energy Holding Ag | Corporate entity | Shares 75–100%, ownership-of-shares-75-to-100-percent-as-firm, Voting 75–100%, voting-rights-75-to-100-percent-as-firm | 2020-03-23 | Ceased 2020-03-23 |
Filing timeline
Last 20 of 50 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-01-16 RESOLUTIONS Resolution
- 2024-01-15 CERT5 Certificate re registration private to public limited company
- 2024-01-15 RESOLUTIONS Resolution
- 2024-01-15 RR01 Reregistration private to public company
- 2024-01-08 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-05 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-07-02 | AA | accounts | Accounts with accounts type full | |
| 2025-04-01 | SH01 | capital | Capital allotment shares | |
| 2024-08-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-07-09 | AA | accounts | Accounts with accounts type small | |
| 2024-07-05 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-16 | RESOLUTIONS | resolution | Resolution | |
| 2024-01-15 | BS | accounts | Accounts balance sheet | |
| 2024-01-15 | AUDR | auditors | Auditors report | |
| 2024-01-15 | AUDS | auditors | Auditors statement | |
| 2024-01-15 | CERT5 | change-of-name | Certificate re registration private to public limited company | |
| 2024-01-15 | MAR | incorporation | Re registration memorandum articles | |
| 2024-01-15 | RESOLUTIONS | resolution | Resolution | |
| 2024-01-15 | RR01 | change-of-name | Reregistration private to public company | |
| 2024-01-08 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2024-01-08 | SH20 | capital | Legacy | |
| 2024-01-08 | CAP-SS | insolvency | Legacy | |
| 2024-01-08 | RESOLUTIONS | resolution | Resolution | |
| 2024-01-05 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 1
- Officers appointed
- 0
- 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.