SPECTRUM FIBRE LIMITED
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Cash
£3M
-76.1% vs 2023
Net assets
-£88M
-59.6% vs 2023
Employees
205
+2.5% vs 2023
Profit before tax
-£33M
-22.5% vs 2023
Net assets
2-year trend · vs Telecommunications median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £4,205,000 | £7,805,000 | +85.6% | |
| Operating profit | -£16,109,000 | -£16,310,000 | -1.2% | |
| Profit before tax | -£26,855,000 | -£32,908,000 | -22.5% | |
| Net profit | -£26,874,000 | -£32,924,000 | -22.5% | |
| Cash | £12,523,000 | £2,999,000 | -76.1% | |
| Total assets less current liabilities | £110,627,000 | £102,691,000 | -7.2% | |
| Net assets | -£55,285,000 | -£88,209,000 | -59.6% | |
| Equity | -£55,285,000 | -£88,209,000 | -59.6% | |
| Average employees | 200 | 205 | +2.5% | |
| Wages | £10,185,000 | £10,692,000 | +5% | |
| Directors' remuneration | £524,000 | £503,000 | -4% |
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 —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Return on capital employed | -14.6% | -15.9% | |
| Gearing (liabilities / total assets) | 144.8% | 171.8% | |
| Current ratio | 1.36x | 0.32x | |
| Interest cover | -1.49x | -0.98x |
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
- Grant Thornton UK LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Ogi's directors have adopted the going concern basis of presentation for the group's financial statements. The directors have arrived at this opinion after reviewing the group's annual budget, long-term business plan, capital resources and are satisfied that the company is able to adequately fund its operations for the foreseeable future (see note 2.4 in the financial statements).”
Group structure
- SPECTRUM FIBRE LIMITED · parent
- Ogi Networks Limited 100%
- Spectrum Internet Limited 100%
- Ogi Fibre Limited 100%
- Real Fibre Limited 100%
Significant events
- “After the Balance Sheet date, the group received a further £5,000k in loan notes from its principal investor and drew down a further £5,000k of the £45,000k facility with the Cardiff Capital Region.”
- “In April 2025, these short-term loans were refinanced into 13.5% unsecured loan notes with a maturity date of 31st August 2037.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ATANASOV, Kamen Radostinov | Director | 2024-10-18 | Dec 1989 | British |
| INNES, Williams David Wyn | Director | 2022-04-01 | Dec 1963 | British |
| ROBERTSON, Brian Noel Alexander | Director | 2021-06-03 | Dec 1958 | British |
| SKINNER, Sally-Anne | Director | 2025-10-22 | Oct 1974 | British |
| VARMA, Mohit | Director | 2020-09-16 | Apr 1991 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| LESCH, Michelle | Secretary | 2021-01-05 | 2023-11-15 |
| ALLWRIGHT, Benjamin David | Director | 2021-01-11 | 2025-09-26 |
| HARRAWAY, James Keith | Director | 2020-09-16 | 2023-06-07 |
| PHELPS, Giles Laurence | Director | 2020-10-12 | 2022-01-31 |
| WEGENER, Giorgiana Elena | Director | 2023-06-07 | 2024-09-18 |
| XU, Xiang | Director | 2020-09-16 | 2021-06-03 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Spectrum Fibre Midco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-09-16 | Active |
Filing timeline
Last 20 of 36 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-09-04 MA Memorandum articles
- 2024-09-04 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-03 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-08 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-21 | AA | accounts | Accounts with accounts type group | |
| 2024-10-31 | CH01 | officers | Change person director company with change date | |
| 2024-10-28 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-10 | AA | accounts | Accounts with accounts type group | |
| 2024-10-09 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-04 | MA | incorporation | Memorandum articles | |
| 2024-09-04 | RESOLUTIONS | resolution | Resolution | |
| 2024-08-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-11-20 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-10-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-13 | AP01 | officers | Appoint person director company with name date | |
| 2023-06-13 | TM01 | officers | Termination director company with name termination date | |
| 2023-05-22 | AA | accounts | Accounts with accounts type group | |
| 2022-09-15 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-06-28 | AA | accounts | Accounts with accounts type group | |
| 2022-04-08 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- 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.