GIGACLEAR MIDCO LIMITED
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Cash
—
Latest balance sheet
Net assets
-£30K
Equity attributable
Employees
0
Average over period
Profit before tax
-£221M
Period ending 2024-12-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Accounts not prepared on a going-concern basis
The Company's Directors decided to prepare the financial statements of the Company on a basis other than going concern. This is a result of the Directors intention to liquidate Gigaclear Midco Limited within 12 months following the proposed disposal of the indirect investment in Gigaclear Limited, the sole trading investment (see Note 2 of the Notes to Financial Statements).
-
4 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 · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | — | — | — | |
| Operating profit | -£6,000 | -£220,942,000 | — | |
| Profit before tax | -£6,000 | -£220,942,000 | — | |
| Net profit | -£6,000 | -£220,942,000 | — | |
| Cash | — | — | — | |
| Total assets less current liabilities | £105,080,000 | — | — | |
| Net assets | £105,080,000 | -£30,000 | — | |
| Equity | £105,080,000 | -£30,000 | — | |
| Average employees | 0 | 0 | — | |
| Wages | — | — | — | |
| Directors' remuneration | £0 | £0 | — |
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 —. Year-on-year comparison hidden: this filing covers about 12 months versus 10 months prior. 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 | -0.0% | — | |
| Gearing (liabilities / total assets) | 52.4% | — | |
| Current ratio | 1.00x | — |
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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Grant Thornton UK LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Not a going concern (break-up basis)
“The Company's Directors decided to prepare the financial statements of the Company on a basis other than going concern. This is a result of the Directors intention to liquidate Gigaclear Midco Limited within 12 months following the proposed disposal of the indirect investment in Gigaclear Limited, the sole trading investment (see Note 2 of the Notes to Financial Statements).”
Group structure
- GIGACLEAR MIDCO LIMITED · parent
- Gigaclear Limited 100%
Significant events
- “The Company's Directors decided to prepare the financial statements of the Company on a basis other than going concern. This is a result of the Directors intention to liquidate Gigaclear Midco Limited within 12 months following the proposed disposal of the indirect investment in Gigaclear Limited.”
- “The Company is a wholly owned subsidiary of Gigaclear Topco Limited and intends to wind up within 12 months.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
9 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BARRIE, Edward William Russell | Director | 2025-10-23 | Feb 1991 | British |
| CHLADEK, Mark Peter | Director | 2025-10-23 | Feb 1973 | British |
| EALES, Hugo Martin | Director | 2024-11-06 | Feb 1967 | British |
| ELKHOULY, Wael Nabil Abdou | Director | 2025-10-23 | Jan 1968 | British |
| GOURIOU, Nicolas Pierre-Louis | Director | 2025-10-23 | Nov 1990 | French |
| HEPBURN, James William Frankland | Director | 2023-06-16 | Jan 1990 | British |
| HORRIDGE, Joanne Louise | Director | 2025-10-23 | Feb 1969 | British |
| MATTHEWS, Andrew | Director | 2023-03-20 | Sep 1962 | British |
| RUNDLE, Nathan David | Director | 2024-02-14 | Sep 1978 | British |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COLLOMS, Catherine | Director | 2025-07-31 | 2026-04-21 |
| LISTON, Stephanie Way | Director | 2025-07-31 | 2026-04-21 |
| LITTLEJOHNS, Andrew Douglas | Director | 2025-09-15 | 2026-04-20 |
| MELLISH, James Christopher | Director | 2023-11-01 | 2025-02-04 |
| MOONEY, Anthony James | Director | 2023-06-16 | 2026-03-31 |
| NELSON, Stephen Keith James | Director | 2023-06-16 | 2024-12-16 |
| O'FLAHERTY, Peter Bartholomew | Director | 2023-11-01 | 2025-02-04 |
| SPENCER, Adam | Director | 2025-02-05 | 2025-02-06 |
| WADE, Ian Michael | Director | 2023-06-16 | 2024-02-28 |
| WILLIAMS, Gareth John | Director | 2023-06-16 | 2024-02-28 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Gigaclear Topco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-03-20 | Active |
Filing timeline
Last 20 of 47 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-28 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-28 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-28 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-01 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-20 | AA | accounts | Accounts with accounts type full | |
| 2025-12-19 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-15 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-31 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-31 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-06 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-05 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-05 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-05 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-08 | AD02 | address | Change sail address company with new address |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 14
- Capital events
- 0
- Officers appointed
- 5
- Officers resigned
- 4
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.