FIBRUS NETWORKS LTD
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Cash
£7.2m
+35.5% vs 2025
Net assets
-£120m
-34.2% lowest in 3 filed years
Employees
65
-84% lowest in 3 filed years
Profit before tax
-£31m
+32.5% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
3-year trend · vs Telecommunications median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £15,046,162 | £24,411,198 | £24,397,985 | -0.1% | |
| Operating profit | -£25,237,593 | -£23,547,379 | -£5,524,197 | +76.5% | |
| Profit before tax | -£40,865,779 | -£45,320,952 | -£30,587,067 | +32.5% | |
| Net profit | -£40,739,036 | -£45,320,952 | -£30,587,067 | +32.5% | |
| Cash | £9,476,243 | £5,317,803 | £7,208,049 | +35.5% | |
| Total assets less current liabilities | £307,238,258 | £392,499,381 | £435,356,248 | +10.9% | |
| Net assets | -£43,991,755 | -£89,312,706 | -£119,899,773 | -34.2% | |
| Equity | -£43,991,755 | -£89,312,706 | -£119,899,773 | -34.2% | |
| Average employees | 435 | 405 | 65 | -84% | |
| Wages | £18,198,222 | £17,625,408 | £3,023,071 | -82.8% | |
| Directors' remuneration | £571,298 | £0 | £170,423 | — | |
| Directors' pension contributions | £57,991 | £0 | £12,480 | — |
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 | 2026-03-31 |
|---|---|---|---|---|
| Operating margin | -167.7% | -96.5% | -22.6% | |
| Net margin | — | -185.7% | -125.4% | |
| Return on capital employed | -8.2% | -6.0% | -1.3% | |
| Gearing (liabilities / total assets) | 112.1% | 122.8% | 127.5% | |
| Current ratio | 0.78x | 0.79x | 1.25x | |
| Interest cover | -1.61x | -0.98x | -0.19x |
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.
Name history
Renamed 3 times since incorporation
- FIBRUS NETWORKS LTD 2020-03-13 → present
- B4B NETWORKS LTD 2017-09-06 → 2020-03-13
- IBUB NETWORKS LTD. 2016-11-30 → 2017-09-06
- IBUB COMMUNICATIONS LTD 2012-05-14 → 2016-11-30
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Grant Thornton (NI) LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“the financial statements have been prepared on a going concern basis, which presumes the realisation of assets and liabilities in the normal course of business.”
Group structure
- FIBRUS NETWORKS LTD · parent
- Fibrus Networks (FFNI) Ltd 100%
- Fibrus ISP (NI) Ltd 100%
- Fibrus Networks GB Holdco Ltd 100%
- Fibrus Networks GB Ltd 100%
- Fibrus ISP (GB) Ltd 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 16 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HUTCHINSON, Colin | Director | 2025-09-25 | Apr 1976 | Irish |
| LENNON, Jennifer Catherine | Director | 2025-09-25 | May 1984 | Irish |
Show 16 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| KEARNS, Dominic Roland | Secretary | 2012-05-14 | 2025-09-25 |
| ARMANINI, Michele | Director | 2020-11-26 | 2022-09-16 |
| BRADLEY, Seamus Patrick | Director | 2012-05-30 | 2013-05-17 |
| BRENNAN, Sean Og | Director | 2014-10-01 | 2019-11-01 |
| BURNS, Niamh | Director | 2018-04-01 | 2019-11-01 |
| CRAWLEY, Thomas Christian | Director | 2020-05-19 | 2025-09-25 |
| CROSSINGHAM, Lee James | Director | 2022-02-14 | 2025-09-25 |
| HENRY, Conal | Director | 2020-06-11 | 2025-09-25 |
| IVKOVIC, Iris | Director | 2021-06-03 | 2022-06-17 |
| KARATAPANIS, Savvas | Director | 2022-09-16 | 2025-09-25 |
| KEARNS, Dominic Roland | Director | 2012-05-14 | 2025-09-25 |
| MATTHEWS, Andrew | Director | 2020-05-19 | 2020-11-26 |
| O HAGAN, Thomas | Director | 2018-04-01 | 2020-06-11 |
| O HAGAN, Thomas | Director | 2014-02-01 | 2014-10-01 |
| SIMPSON, Julian Liam | Director | 2018-04-04 | 2019-04-01 |
| XU, Xiang | Director | 2020-05-19 | 2021-06-03 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| B4b Group Telecoms Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-05-19 | Ceased 2020-05-19 |
| B4b Group Holdings Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-05-19 | Ceased 2020-05-19 |
| Acorn Holdco Ii Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-05-19 | Active |
| B4b Group Ltd | Corporate entity | Shares 75–100% | 2018-03-29 | Ceased 2020-05-19 |
| Ibub Tech Co Ltd | Corporate entity | Shares 75–100%, Voting 75–100% (as trust), Voting 75–100% (as firm) | 2016-04-07 | Ceased 2018-03-29 |
Filing timeline
Last 20 of 119 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-10-26 | AA | accounts | Accounts with accounts type full | |
| 2026-01-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-29 | AA | accounts | Accounts with accounts type full | |
| 2025-09-29 | CH01 | officers | Change person director company with change date | |
| 2025-09-29 | CH01 | officers | Change person director company with change date | |
| 2025-09-25 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-25 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-25 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-25 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-09-25 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-25 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-25 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-25 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-07 | CH01 | officers | Change person director company with change date | |
| 2025-07-07 | CH01 | officers | Change person director company with change date | |
| 2025-07-07 | CH01 | officers | Change person director company with change date | |
| 2025-07-07 | CH01 | officers | Change person director company with change date | |
| 2025-07-07 | CH03 | officers | Change person secretary company with change date | |
| 2025-07-07 | CH01 | officers | Change person director company with change date | |
| 2025-06-30 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- 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.
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