4TH UTILITY HOLDINGS TOPCO LIMITED
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Cash
£1.2M
-28% vs 2024
Net assets
-£53M
-44.2% vs 2024
Employees
40
-31% vs 2024
Profit before tax
-£16M
+14.8% vs 2024
Net assets
2-year trend · vs Telecommunications median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £1,944,559 | £4,749,297 | +144.2% | |
| Operating profit | -£13,892,710 | -£10,304,745 | +25.8% | |
| Profit before tax | -£19,203,714 | -£16,368,993 | +14.8% | |
| Net profit | -£19,156,291 | -£16,368,993 | +14.6% | |
| Cash | £1,675,956 | £1,206,129 | -28% | |
| Total assets less current liabilities | £34,135,382 | £24,366,399 | -28.6% | |
| Net assets | -£37,060,477 | -£53,429,460 | -44.2% | |
| Equity | -£37,060,477 | -£53,429,460 | -44.2% | |
| Average employees | 58 | 40 | -31% | |
| Wages | £3,387,070 | £2,886,193 | -14.8% | |
| Directors' remuneration | £231,119 | £674,504 | +191.8% |
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Return on capital employed | -40.7% | -42.3% | |
| Current ratio | 0.99x | 0.44x | |
| Interest cover | -2.62x | -1.70x |
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
- Cooper Parry Group Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have reviewed cashflow forecasts for a period of more than 12 months from the signing of the financial statements. With the funding provided by the debt facility, the group has adequate funding to enable it to meet its working capital needs. Therefore at the time of approving the financial statements, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”
Group structure
- 4TH UTILITY HOLDINGS TOPCO LIMITED · parent
- 4th Utility Holdings Limited 100%
- Liberatis Retro Ltd 100%
- Vision Fibre Media Ltd 100%
- 4th Utility ISP Limited 100%
- 4th Utility ISP 2 Limited 100%
Significant events
- “The 2024-25 financial year was another of significant growth for the group in several key performance indicating areas, signified by recurring revenues increasing by £1.9m (+103%) thanks to a doubling of monthly subscriptions sold through the year.”
- “£2.8m of capital expenditure was invested into the group's infrastructure and systems to provide the foundations for further growth. This year's progression was supplemented by draws from the principal investor loan fund of £6.6m through the year.”
- “The audit business of UHY Hacker Young Manchester LLP was acquired by Cooper Parry Group Limited on 30 September 2024. UHY Hacker Young Manchester LLP has resigned as auditor and Cooper Parry Group Limited has been appointed in its place.”
- “On 29 March 2023 4th Utility Holdings Topco Limited acquired 100% of the share capital of 4th Utility Holdings Limited as part of a group restructure.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LEES, Stuart | Director | 2023-03-29 | Apr 1956 | British |
| MARVELL, Neil Philip | Director | 2023-03-21 | Aug 1982 | British |
| PRODAN, Laurentiu Florin | Director | 2023-10-27 | Apr 1988 | British |
| WILSON, Stephen Robert | Director | 2024-01-31 | Jul 1980 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BEAMISH, Nicola Jayne | Director | 2023-03-29 | 2024-01-31 |
| DARDI, Marissa Ann | Director | 2023-03-21 | 2023-04-12 |
| DAVIDS, Jan | Director | 2023-03-29 | 2023-10-27 |
| HUGHES, Anthony Stephen | Director | 2023-03-29 | 2023-04-03 |
| MURPHY, Helen Mary | Director | 2023-04-12 | 2025-03-25 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Liberatis Investments Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-03-21 | Active |
Filing timeline
Last 20 of 41 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-04-01 MA Memorandum articles
- 2025-04-01 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-30 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-15 | AA | accounts | Accounts with accounts type group | |
| 2025-04-09 | CH01 | officers | Change person director company with change date | |
| 2025-04-09 | CH01 | officers | Change person director company with change date | |
| 2025-04-09 | CH01 | officers | Change person director company with change date | |
| 2025-04-09 | CH01 | officers | Change person director company with change date | |
| 2025-04-07 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-04-01 | MA | incorporation | Memorandum articles | |
| 2025-04-01 | RESOLUTIONS | resolution | Resolution | |
| 2025-03-26 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-26 | SH01 | capital | Capital allotment shares | |
| 2025-03-24 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-03-10 | CH01 | officers | Change person director company with change date | |
| 2025-03-10 | CH01 | officers | Change person director company with change date | |
| 2025-03-10 | CH01 | officers | Change person director company with change date | |
| 2025-03-10 | CH01 | officers | Change person director company with change date | |
| 2025-03-10 | CH01 | officers | Change person director company with change date | |
| 2024-11-07 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-10-17 | AA | accounts | Accounts with accounts type group | |
| 2024-04-11 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 1
- Officers appointed
- 0
- Officers resigned
- 0
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.