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Cash

£5.3M

-43.9% vs 2024

Net assets

-£89M

-103% vs 2024

Employees

405

-6.9% vs 2024

Profit before tax

-£45M

-10.9% vs 2024

Watchouts

Facts from the Companies House register and the latest accounts — not a rating

Accounts

2-year trend · Δ = latest vs prior filed period · latest reflected 2025-03-31

Metric Trend 2024-03-312025-03-31 Δ vs prior
Turnover £15,046,162£24,411,198 +62.2%
Operating profit -£25,237,593-£23,547,379 +6.7%
Profit before tax -£40,865,779-£45,320,952 -10.9%
Net profit -£40,739,036-£45,320,952 -11.2%
Cash £9,476,243£5,317,803 -43.9%
Total assets less current liabilities £307,238,258£392,499,381 +27.8%
Net assets -£43,991,755-£89,312,706 -103%
Equity -£43,991,755-£89,312,706 -103%
Average employees 435405 -6.9%
Wages £18,198,222£17,625,408 -3.1%
Directors' remuneration £571,298£540,713 -5.4%

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 2024-03-312025-03-31
Operating margin -167.7%-96.5%
Net margin -185.7%
Return on capital employed -8.2%-6.0%
Gearing (liabilities / total assets) 112.1%118.2%
Current ratio 0.78x0.79x
Interest cover -1.61x-0.98x

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

  1. FIBRUS NETWORKS LTD 2020-03-13 → present
  2. B4B NETWORKS LTD 2017-09-06 → 2020-03-13
  3. IBUB NETWORKS LTD. 2016-11-30 → 2017-09-06
  4. 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

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from the date when the financial statements are authorised for issue.”

Group structure

  1. FIBRUS NETWORKS LTD · parent
    1. Fibrus Networks (FFNI) Ltd 100% · Northern Ireland · Hyperfast broadband provider
    2. Fibrus ISP (NI) Ltd 100% · Northern Ireland · Hyperfast broadband provider
    3. Fibrus Networks GB Holdco Ltd 100% · England and Wales · Holding company
    4. Fibrus Networks GB Ltd 100% · England and Wales · Building and operating fibre broadband network
    5. Fibrus ISP (GB) Ltd 100% · England and Wales · Hyperfast broadband provider

Significant events

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 118 total filings

Date Type Category Description
2026-01-27 CS01 confirmation-statement Confirmation statement with no updates PDF
2025-12-29 AA accounts Accounts with accounts type full
2025-09-29 CH01 officers Change person director company with change date PDF
2025-09-29 CH01 officers Change person director company with change date PDF
2025-09-25 TM01 officers Termination director company with name termination date PDF
2025-09-25 TM01 officers Termination director company with name termination date PDF
2025-09-25 TM01 officers Termination director company with name termination date PDF
2025-09-25 TM01 officers Termination director company with name termination date PDF
2025-09-25 TM02 officers Termination secretary company with name termination date PDF
2025-09-25 TM01 officers Termination director company with name termination date PDF
2025-09-25 AP01 officers Appoint person director company with name date PDF
2025-09-25 AP01 officers Appoint person director company with name date PDF
2025-07-07 CH01 officers Change person director company with change date PDF
2025-07-07 CH01 officers Change person director company with change date PDF
2025-07-07 CH01 officers Change person director company with change date PDF
2025-07-07 CH01 officers Change person director company with change date PDF
2025-07-07 CH03 officers Change person secretary company with change date PDF
2025-07-07 CH01 officers Change person director company with change date PDF
2025-06-30 CH01 officers Change person director company with change date PDF
2025-06-30 CH01 officers Change person director company with change date PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
18

last 12 months

Capital events
0

last 24 months

Officers appointed
2

last 12 months

Officers resigned
6

last 12 months

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

Official Companies House page