TALKTALK HOLDINGS LIMITED
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Next accounts due
2026-11-30 (in 6mo)
Last filed for 2025-02-28
Confirmation statement due
2026-10-07 (in 5mo)
Last made up 2025-09-23
Watchouts
Cash
£67M
-28% vs 2024
Net assets
-£1B
-103.1% vs 2024
Employees
1,570
-24% vs 2024
Profit before tax
-£607M
-119.9% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
We draw attention to Note 1 in the financial statements which indicates there are risks relating to potential breaches of financial covenants and shortfalls in liquidity during the period that would require waiving and / or additional funding. As stated in Note 1 on going concern, these events or conditions indicate that a material uncertainty exists which may cast significant doubt on the group and parent company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.
Net assets
2-year trend · vs Telecommunications median
Accounts
2-year trend · latest reflected 2025-02-28
| Metric | Trend | 2024-02-29 | 2025-02-28 |
|---|---|---|---|
| Turnover | £1,518,000,000 | £1,412,000,000 | |
| Operating profit | -£55,000,000 | -£282,000,000 | |
| Profit before tax | -£276,000,000 | -£607,000,000 | |
| Net profit | -£278,000,000 | -£608,000,000 | |
| Cash | £93,000,000 | £67,000,000 | |
| Total assets less current liabilities | £596,000,000 | £1,332,000,000 | |
| Net assets | -£588,000,000 | -£1,194,000,000 | |
| Equity | -£588,000,000 | -£1,194,000,000 | |
| Average employees | 2,065 | 1,570 | |
| Wages | £106,000,000 | £103,000,000 | |
| Directors' remuneration | £12,000,000 | £5,000,000 |
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
FY2024 → FY2025 · period ending 2025-02-28 vs 2024-02-29
-
Turnover
-7%
£1,518,000,000 £1,412,000,000
-
Cash
-28%
£93,000,000 £67,000,000
-
Net assets
-103.1%
-£588,000,000 -£1,194,000,000
-
Employees
-24%
2,065 1,570
-
Operating profit
-412.7%
-£55,000,000 -£282,000,000
-
Profit before tax
-119.9%
-£276,000,000 -£607,000,000
-
Wages
-2.8%
£106,000,000 £103,000,000
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-02-29 | 2025-02-28 |
|---|---|---|---|
| Operating margin | -3.6% | -20.0% | |
| Net margin | -18.3% | -43.1% | |
| Return on capital employed | -9.2% | -21.2% | |
| Gearing (liabilities / total assets) | 123.6% | 155.8% | |
| Current ratio | 0.19x | 0.33x | |
| Interest cover | -0.25x | -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.
Name history
Renamed 3 times since incorporation
- TALKTALK HOLDINGS LIMITED 2023-03-03 → present
- TOSCA IOM LIMITED 2020-11-11 → 2023-03-03
- TOSCA IOM BIDCO LIMITED 2020-10-30 → 2020-11-11
- DMWSL 934 LIMITED 2020-09-24 → 2020-10-30
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- RSM UK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“We draw attention to Note 1 in the financial statements which indicates there are risks relating to potential breaches of financial covenants and shortfalls in liquidity during the period that would require waiving and / or additional funding. As stated in Note 1 on going concern, these events or conditions indicate that a material uncertainty exists which may cast significant doubt on the group and parent company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.”
Group structure
- TALKTALK HOLDINGS LIMITED · parent
- TalkTalk Telecom Group Limited 100%
- TalkTalk Midco Limited 100%
- TalkTalk Finco Limited 100%
- TalkTalk Telecom Holdings Limited 100%
- TalkTalk Brands Limited 100%
- TalkTalk Business (2CCH) Limited 100%
- TalkTalk Communications Limited 100%
- CPW Network Services Limited 100%
- TalkTalk Corporate Limited 100%
- Core Telecommunications Limited 100%
- Virtual1 Communications Limited 100%
- TFP Telecoms 2 Limited 100%
Significant events
- “On 18 March 2025, the Group disposed of the customer book trading as Origin Communications Limited. Part of this consideration is contingent on timely migration and the churn of the customers until migrations are completed.”
- “On 30 June 2025, the Group disposed of 123,000 residential broadband subscribers on GFast and FTTC technology. Part of this consideration is contingent on timely migration and the churn of the customers until migrations are completed.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BATTY, Michael Robert | Director | 2024-12-19 | Apr 1977 | British |
| DUNSTONE, Charles William | Director | 2021-03-12 | Nov 1964 | British |
| SCOTT, Steven | Director | 2020-10-15 | Apr 1965 | British |
| SMITH, James Donald | Director | 2023-04-17 | Feb 1977 | British |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MORRIS, Timothy Simon | Secretary | 2021-03-12 | 2024-12-19 |
| BARRON, Paul Thomas | Director | 2020-09-24 | 2020-10-15 |
| EAYRES, Phil John | Director | 2021-03-12 | 2024-02-29 |
| GILDERSLEEVE, John | Director | 2021-03-12 | 2023-10-31 |
| HARRISON, Tristia Adele | Director | 2021-03-12 | 2024-08-31 |
| HUGHES, Martin Brian | Director | 2020-10-15 | 2026-02-16 |
| MACNAUGHTON, William Torquil | Director | 2020-10-15 | 2024-10-21 |
| MACNEILL, Colin James | Director | 2020-10-15 | 2020-10-15 |
| REYNOLDS, Paul Joseph | Director | 2021-03-12 | 2024-08-31 |
| TAYLOR, Roger William | Director | 2021-03-12 | 2024-12-19 |
| THACKRAY, Jonathan Giles | Director | 2022-09-01 | 2023-02-13 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Morgan Stanley Client Securities Nominees Limited | Corporate entity | Shares 25–50% | 2021-03-12 | Ceased 2022-10-19 |
| Sir Charles William Dunstone | Individual | Voting 25–50% | 2021-03-12 | Active |
| Toscafund Asset Management Llp | Corporate entity | Voting 25–50% | 2021-03-12 | Active |
| Hsbc Global Custody Nominee (Uk) Limited | Corporate entity | Shares 25–50% | 2021-03-12 | Active |
| Tosca Penta Im Investments Lp | Corporate entity | Shares 75–100% | 2021-03-11 | Ceased 2021-03-12 |
| Penta Capital Llp | Corporate entity | Voting 75–100% | 2020-12-09 | Ceased 2021-03-12 |
| Penta Investments Gp Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-12-09 | Ceased 2021-03-11 |
| Mr Martin Brian Hughes | Individual | Significant influence | 2020-10-15 | Ceased 2021-03-11 |
| Toscafund Gp Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-10-15 | Ceased 2020-12-09 |
| Toscafund Asset Management Llp | Corporate entity | Significant influence | 2020-10-15 | Ceased 2020-12-09 |
| Dm Company Services (London) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-09-24 | Ceased 2020-10-15 |
Filing timeline
Last 20 of 96 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-01-02 RESOLUTIONS Resolution
- 2025-01-02 MA Memorandum articles
- 2024-12-23 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-16 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-24 | CH01 | officers | Change person director company with change date | |
| 2025-10-14 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-08-14 | AA | accounts | Accounts with accounts type group | |
| 2025-04-04 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-01-02 | RESOLUTIONS | resolution | Resolution | |
| 2025-01-02 | MA | incorporation | Memorandum articles | |
| 2024-12-28 | SH08 | capital | Capital name of class of shares | |
| 2024-12-28 | SH10 | capital | Capital variation of rights attached to shares | |
| 2024-12-27 | RP04SH01 | capital | Second filing capital allotment shares | |
| 2024-12-24 | SH01 | capital | Capital allotment shares | |
| 2024-12-23 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-23 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-23 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-12-23 | SH20 | capital | Legacy | |
| 2024-12-23 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2024-12-23 | CAP-SS | insolvency | Legacy | |
| 2024-12-23 | RESOLUTIONS | resolution | Resolution | |
| 2024-12-20 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-12-09 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 7
- 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.