SPECTRUM FIBRE LIMITED
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Cash
£1.9m
-35.4% lowest in 3 filed years
Net assets
-£142m
-60.9% lowest in 3 filed years
Employees
202
-1.5% vs 2024
Profit before tax
-£54m
-63.2% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
3-year trend · vs Telecommunications median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £4,205,000 | £7,805,000 | £9,856,000 | +26.3% | |
| Operating profit | -£16,109,000 | -£16,310,000 | -£33,201,000 | -103.6% | |
| Profit before tax | -£26,855,000 | -£32,908,000 | -£53,690,000 | -63.2% | |
| Net profit | -£26,874,000 | -£32,924,000 | -£53,726,000 | -63.2% | |
| Cash | £12,523,000 | £2,999,000 | £1,937,000 | -35.4% | |
| Total assets less current liabilities | £110,627,000 | £102,691,000 | £94,659,000 | -7.8% | |
| Net assets | -£55,285,000 | -£88,209,000 | -£141,935,000 | -60.9% | |
| Equity | -£55,285,000 | -£88,209,000 | — | — | |
| Average employees | 200 | 205 | 202 | -1.5% | |
| Wages | £10,185,000 | £10,692,000 | £965,000 | -91% | |
| Directors' remuneration | £524,000 | £503,000 | £556,000 | +10.5% | |
| Directors' pension contributions | £42,000 | £32,000 | £33,000 | +3.1% | |
| Highest paid director | £326,000 | £301,000 | £365,000 | +21.3% |
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 | 2025-12-31 |
|---|---|---|---|---|
| Return on capital employed | -14.6% | -15.9% | -35.1% | |
| Gearing (liabilities / total assets) | 144.8% | 171.8% | 239.2% | |
| Current ratio | 1.36x | 0.32x | 0.68x | |
| Interest cover | -1.49x | -0.98x | -1.62x |
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
“The 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 requirements, and the continued financial support of ICP”
Group structure
- SPECTRUM FIBRE LIMITED · parent
- Ogi Networks Limited 100%
- Spectrum Internet Limited 100%
- Ogi Fibre Limited 100%
- Real Fibre Limited 100%
Significant events
- “Since the balance sheet date, the group has received a further £4,000k of funding from its principal investor and has drawn down a further £2,000k under its £45,000k facility with Cardiff Capital Region.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ATANASOV, Kamen Radostinov | Director | 2024-10-18 | Dec 1989 | 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 7 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 |
| INNES, Williams David Wyn | Director | 2022-04-01 | 2026-07-31 |
| 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 39 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 | |
|---|---|---|---|---|
| 2026-09-30 | AA | accounts | Accounts with accounts type group | |
| 2026-09-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-08-10 | TM01 | officers | Termination director company with name termination date | |
| 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 |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- 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.