GOFIBRE HOLDINGS LIMITED
Formerly known as Borderlink Broadband, the company is a Scottish telecommunications provider operating wired and wireless broadband networks under the GoFibre brand.
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Cash
£12m
+89.8% highest in 5 filed years
Net assets
-£68m
-44.7% lowest in 5 filed years
Employees
158
-4.8% vs 2024
Profit before tax
-£27m
-13.3% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
5-year trend · vs Telecommunications median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2020-11-30 | 2021-11-30 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | £1,179,111 | £2,021,111 | £5,017,063 | +148.2% | |
| Operating profit | — | — | -£13,675,834 | -£14,116,328 | -£12,355,887 | +12.5% | |
| Profit before tax | — | — | -£19,793,651 | -£23,582,813 | -£26,711,942 | -13.3% | |
| Net profit | — | — | -£19,793,651 | -£23,582,813 | -£20,900,240 | +11.4% | |
| Cash | £935,700 | £1,681,886 | £3,255,721 | £6,580,637 | £12,489,395 | +89.8% | |
| Total assets less current liabilities | £1,217,035 | £4,882,677 | £48,288,741 | £82,731,350 | £116,775,676 | +41.2% | |
| Net assets | £1,157,701 | -£2,791,847 | -£35,170,460 | -£46,738,273 | -£67,638,512 | -44.7% | |
| Equity | £1,157,701 | -£2,791,847 | -£35,170,460 | -£46,738,273 | -£67,638,512 | -44.7% | |
| Average employees | 22 | 46 | 162 | 166 | 158 | -4.8% | |
| Wages | — | — | £9,555,041 | £9,377,839 | £8,452,029 | -9.9% | |
| Directors' remuneration | — | — | £514,677 | £559,407 | £608,500 | +8.8% |
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 | 2020-11-30 | 2021-11-30 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|
| Return on capital employed | — | — | -28.3% | -17.1% | -10.6% | |
| Gearing (liabilities / total assets) | — | — | — | 150.4% | 153.4% | |
| Current ratio | — | — | 1.38x | 2.48x | 5.31x | |
| Interest cover | — | — | -2.12x | -1.38x | -0.74x |
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 1 time since incorporation
- GOFIBRE HOLDINGS LIMITED 2023-08-31 → present
- BORDERLINK BROADBAND LIMITED 2017-11-27 → 2023-08-31
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- RSM UK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors therefore believe it is appropriate to continue to prepare the financial statements on the going concern basis.”
Group structure
- GOFIBRE HOLDINGS LIMITED · parent
- GoFibre Broadband Limited 100%
- GoFibre Networks Limited 100%
Significant events
- “During 2025, the Company successfully completed its network build programs in Teesdale and Northumberland under the UK Government's Project Gigabit initiative, with both contracts delivered ahead of schedule.”
- “Building on this momentum, the Company was awarded additional Project Gigabit contracts from the Scottish Government. These awards comprised Lot 1, covering the Scottish Borders and East Lothian, and Lot 5, covering the Northeast of Scotland.”
- “2025 saw a reduction in the number of premises added to the network compared to the prior year, primarily reflecting the final stages of the Teesdale and Northumberland builds as we move towards completion of the contract.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CONAGHAN, Neil Francis | Director | 2022-12-19 | Dec 1971 | British |
| FLOCKHART, Peter William Burnett | Director | 2023-06-01 | Nov 1973 | British |
| INGAMELLS, Stevie | Director | 2024-09-04 | Oct 1992 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BACHMANN, Peter George Ka-Yin | Director | 2021-04-12 | 2024-02-26 |
| BALFOUR, David James | Director | 2019-11-29 | 2024-02-26 |
| CACCIAMANI, Alessandro | Director | 2017-11-27 | 2022-09-27 |
| CRAYTHORNE, Geoffrey | Director | 2019-08-08 | 2019-11-29 |
| INGAMELLS, Stevie | Director | 2021-12-23 | 2024-02-26 |
| JAGUSZ, Chris | Director | 2021-12-23 | 2024-09-04 |
| SEED, John Michael | Director | 2019-02-21 | 2021-12-23 |
| WALTERS, Scott | Director | 2021-05-14 | 2022-11-05 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Gf Midco 2 Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-05-23 | Active |
| Gresham House (Nominees) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-04-12 | Ceased 2024-05-23 |
| Jennifer Elizabeth Hamilton Balfour | Individual | Shares 25–50%, Voting 25–50% | 2019-11-29 | Ceased 2021-12-23 |
| Mr David James Balfour | Individual | Shares 25–50%, Voting 25–50% | 2019-11-29 | Ceased 2021-12-23 |
| Laura Cacciamani | Individual | Shares 25–50%, Voting 25–50% | 2019-10-24 | Ceased 2021-12-23 |
| Mr Alessandro Cacciamani | Individual | Shares 25–50%, Voting 25–50% | 2018-11-25 | Ceased 2021-12-23 |
Filing timeline
Last 20 of 140 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-05-09 MA Memorandum articles
- 2025-05-09 RESOLUTIONS Resolution
- 2025-04-24 MA Memorandum articles
- 2025-04-24 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-09 | AA | accounts | Accounts with accounts type full | |
| 2026-05-22 | AP01 | officers | Appoint person director company with name date | |
| 2026-05-22 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-14 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-03-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-02-10 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-12-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-08-15 | AA | accounts | Accounts with accounts type full | |
| 2025-07-08 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-07-08 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-07-08 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-07-07 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-05-09 | MA | incorporation | Memorandum articles | |
| 2025-05-09 | RESOLUTIONS | resolution | Resolution | |
| 2025-04-24 | MA | incorporation | Memorandum articles | |
| 2025-04-24 | RESOLUTIONS | resolution | Resolution | |
| 2025-04-11 | 466(Scot) | mortgage | Mortgage alter floating charge with number | |
| 2025-04-11 | 466(Scot) | mortgage | Mortgage alter floating charge with number | |
| 2025-04-07 | 466(Scot) | mortgage | Mortgage alter floating charge with number | |
| 2025-04-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- 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.