TELEFÓNICA TECH NORTHERN IRELAND LIMITED

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

• Turnover

  +2.2%

  £54,909,884 → £56,110,244

• Cash

  -18.4%

  £697,546 → £568,958

• Net assets

  -22.9%

  £14,126,833 → £10,886,762

• Employees

  -1.8%

  329 → 323

• Operating profit

  -35.7%

  £2,807,883 → £1,804,749

• Profit before tax

  -47.6%

  £3,027,940 → £1,587,770

• Wages

  +3.3%

  £18,044,104 → £18,635,996

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

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.

1. TELEFÓNICA TECH NORTHERN IRELAND LIMITED 2021-11-11 → present
2. CANCOM MANAGED SERVICES LTD 2020-06-05 → 2021-11-11
3. NOVOSCO LTD 2007-06-29 → 2020-06-05
4. REAL TIME SYSTEMS LIMITED 1994-04-25 → 2007-06-29

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The company has prepared the financial statements on a going concern basis. The Directors believe it is reasonable to assume that the company will have adequate resources for a period 12 months (the "Assessment period") from the date of approval of these financial statements, to discharge its obligations as they fall due.”

Significant events

• “The Company showed an increase in Turnover, with a gain of 2.19% year-on-year to £56.1m (2023 - £54.9m).”
• “There has been focus on Managed Services and multi-year revenue projects it has seen an increase in product sales to £18.5m (2023 - £16.5m) whilst services remained stable at £37.6m (2023 - £38.4m).”
• “There has been a reduction in Gross Profit and Gross Profit % year on year, with a 20% reduction in Gross Profit to £14.3m (2023 - £18.4m) and a Gross Profit % of 24.7% (2023 - 33.5%).”
• “The year saw reductions in Administrative Expenses by 19.47% to £12.6m (2023 - £15.6m).”
• “Operating Profit level with 2024 Operating Profit of £1.8m (2023 - £2.8m).”
• “During the year, the directors, having had regard to the factors listed in section 172(1) of the Companies Act 2006, and concluding that it was most likely to promote the success of the Company for the benefit of its stakeholders, resolved to pay two dividends totalling £4,400,000 (2023 - £5,000,000).”
• “TTUK&I has obtained from Telefónica Finanzas S.A.U (a sister company within the Telefónica S.A Group) on 19/12/2025, a credit line agreement of up to £35,000,000 with a maturity date of 30 June 2027.”
• “on 19th December 2025 TTUK&I received an injection of capital of £47,000,000 from its immediate parent entity which has been used to strengthen the financial position of the TTUK&I Group.”
• “The loans started on 20 March 2024 and end on 1 January 2027. Interest is charged at 5.76%.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.