TOOB TOPCO LIMITED
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Cash
£964k
Latest balance sheet
Net assets
-£208m
Equity attributable
Employees
287
Average over period
Profit before tax
-£57m
Period ending 2025-12-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
2-year trend · vs Telecommunications median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £14,037,000 | £26,057,000 | — | |
| Operating profit | -£23,787,000 | -£17,865,000 | — | |
| Profit before tax | -£53,103,000 | -£56,669,000 | — | |
| Net profit | -£53,103,000 | -£56,669,000 | — | |
| Cash | £4,996,000 | £964,000 | — | |
| Total assets less current liabilities | £133,902,000 | £133,846,000 | — | |
| Net assets | -£150,883,000 | -£207,552,000 | — | |
| Equity | — | — | — | |
| Average employees | 315 | 287 | — | |
| Wages | £14,600,000 | £12,808,000 | — | |
| Directors' remuneration | £717,000 | £629,000 | — | |
| Directors' pension contributions | £5,000 | — | — | |
| Highest paid director | £369,000 | £301,000 | — |
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 14 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Operating margin | -169.5% | -68.6% | |
| Return on capital employed | -17.8% | -13.3% | |
| Gearing (liabilities / total assets) | 201.5% | 240.5% | |
| Current ratio | 0.82x | 0.68x | |
| Interest cover | -0.81x | -0.46x |
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. 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
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Notwithstanding the Group net liabilities of £207,552k (2024: £150,883k) as at 31 December 2025, a loss for the year then ended of £56,669k (2025: £53,103k) and operating cash outflows for the year of £7,395k (2024:£7,362k), the financial statements have been prepared on a going concern basis which the directors consider to be appropriate for the following reasons.”
Group structure
- TOOB TOPCO LIMITED · parent
- Toob Limited 100%
Significant events
- “On 22nd January 2026 an extension to the existing loan was agreed for an additional facility of up to £9.75m detailed in note 14.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BANWELL, Michael John | Director | 2024-01-05 | Mar 1961 | British |
| BLAKEY, David | Director | 2025-07-02 | Oct 1994 | British |
| DUNN, Philippa Jane | Director | 2024-10-31 | Mar 1966 | British |
| INNES KER, Katherine Christina Mary, Dr | Director | 2024-01-05 | May 1960 | British |
| PARBUTT, Nicholas Jonathan | Director | 2024-01-05 | Sep 1970 | British |
| TERRY, Ben James | Director | 2023-11-17 | May 1976 | British |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ANDREWS, Paul Simon | Director | 2023-11-17 | 2025-07-02 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ndif Investments (T) Limited | Corporate entity | Shares 50–75%, Voting 50–75%, Appoints directors | 2023-11-17 | Active |
Filing timeline
Last 20 of 56 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-02-14 RESOLUTIONS Resolution
- 2026-02-14 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-24 | AA | accounts | Accounts with accounts type group | |
| 2026-08-17 | AP01 | officers | Appoint person director company with name date | |
| 2026-08-17 | AP01 | officers | Appoint person director company with name date | |
| 2026-08-17 | AP01 | officers | Appoint person director company with name date | |
| 2026-08-17 | TM01 | officers | Termination director company with name termination date | |
| 2026-08-17 | TM01 | officers | Termination director company with name termination date | |
| 2026-08-05 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-06-24 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-06-05 | TM01 | officers | Termination director company with name termination date | |
| 2026-06-05 | TM01 | officers | Termination director company with name termination date | |
| 2026-06-05 | SH01 | capital | Capital allotment shares | |
| 2026-06-03 | SH01 | capital | Capital allotment shares | |
| 2026-03-23 | SH08 | capital | Capital name of class of shares | |
| 2026-03-23 | SH10 | capital | Capital variation of rights attached to shares | |
| 2026-03-23 | SH01 | capital | Capital allotment shares | |
| 2026-02-14 | RESOLUTIONS | resolution | Resolution | |
| 2026-02-14 | MA | incorporation | Memorandum articles | |
| 2026-01-20 | SH01 | capital | Capital allotment shares | |
| 2025-12-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-12-01 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 7
- 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.