BRSK LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-04-04 (in 11mo)
Last made up 2026-03-21
Watchouts
Cash
£22M
Latest balance sheet
Net assets
£12M
Equity attributable
Employees
436
Average over period
Profit before tax
-£37M
Period ending 2024-12-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
2-year trend · vs Telecommunications median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2024-03-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £4,291,412 | £11,557,119 | |
| Operating profit | -£16,079,166 | -£17,450,129 | |
| Profit before tax | -£34,365,690 | -£37,492,225 | |
| Net profit | -£34,401,927 | -£37,515,100 | |
| Cash | £28,628,599 | £21,515,159 | |
| Total assets less current liabilities | £162,135,673 | £226,461,050 | |
| Net assets | £19,479,273 | £11,959,419 | |
| Equity | £19,479,273 | £11,959,419 | |
| Average employees | 321 | 436 | |
| Wages | £11,413,304 | £13,249,195 | |
| Directors' remuneration | £1,113,336 | £702,689 |
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 2024-03-31
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -374.7% | -151.0% | |
| Net margin | -801.6% | -324.6% | |
| Return on capital employed | -9.9% | -7.7% | |
| Gearing (liabilities / total assets) | 88.7% | 94.9% | |
| Current ratio | 3.47x | 2.74x | |
| Interest cover | -1.07x | -0.87x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- RSM UK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.”
Group structure
- BRSK LIMITED · parent
- Brsk ISP Limited 100%
- Brsk SA (Pty) Limited 100%
Significant events
- “2024 was a transformative year for the Group... marked by operational expansion, financial strengthening, and a significant strategic merger. Strategic Merger: Merged with Substantial Group, creating one of the UK's largest and most capital-efficient alternative networks, with a combined footprint of 2.2 million Premises Passed (2) and a target of nearly 3 million by end-2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KOCK, Johannes Hermanus Michiel | Director | 2021-05-18 | Apr 1985 | South African |
| PARKER, Andrew Holden | Director | 2021-11-01 | Dec 1989 | South African |
| PRETORIUS, Johan Christiaan Rudolph | Director | 2021-11-01 | Jan 1976 | South African |
| WADSWORTH, Wil Imran | Director | 2024-08-16 | Feb 1989 | British |
| WALSH, Kirk | Director | 2026-04-10 | Apr 1980 | British |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CHELOT, Jeremy Jules Robert | Director | 2024-08-16 | 2025-03-31 |
| GLENDINNING, Steven Edward | Director | 2024-10-15 | 2025-10-31 |
| GLENDINNING, Steven Edward | Director | 2021-02-17 | 2024-10-15 |
| HORNE, Renier Theuns Wynand | Director | 2020-11-23 | 2026-04-28 |
| IOVINO, Giorgio | Director | 2020-12-30 | 2026-04-15 |
| SCHOEMAN, Abel Daniel | Director | 2020-08-10 | 2021-04-05 |
| TUNSTALL, Richard John | Director | 2020-08-04 | 2021-11-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Saltco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-11-23 | Active |
| Advencap Limited As General Partner For Advencap Fibre Partnership I | Corporate entity | Shares 75–100%, Voting 75–100% | 2021-03-31 | Ceased 2021-03-31 |
| Mr Giorgio Iovino | Individual | Significant influence | 2020-12-30 | Ceased 2021-03-31 |
| Advencap Limited As General Partner For Advencap Fibre Partnership I | Corporate entity | Shares 75–100% | 2020-11-23 | Ceased 2020-12-30 |
| Mr Abel Daniel Schoeman | Individual | Significant influence | 2020-10-20 | Ceased 2021-03-31 |
| Mr Richard John Tunstall | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-08-04 | Ceased 2020-10-27 |
Filing timeline
Last 20 of 123 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-11-21 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-01 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-22 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-13 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-04-09 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-04-09 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-04-09 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-04-09 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-04-09 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-04-09 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-04-09 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-03-12 | SH01 | capital | Capital allotment shares | |
| 2026-02-16 | SH01 | capital | Capital allotment shares | |
| 2026-01-29 | SH01 | capital | Capital allotment shares | |
| 2025-11-28 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2025-11-21 | SH20 | capital | Legacy | |
| 2025-11-21 | CAP-SS | insolvency | Legacy | |
| 2025-11-21 | RESOLUTIONS | resolution | Resolution | |
| 2025-11-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-24 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 6
- Officers appointed
- 1
- Officers resigned
- 3
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.