BT GROUP PLC
An LSE-listed multinational telecommunications holding company that operates major UK brands including BT, EE, Openreach, and Plusnet to provide fixed-line, broadband, mobile, and IT services.
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Cash
£187m
+149.3% vs 2025
Net assets
£13bn
+3.5% vs 2025
Employees
84,000
-1.5% lowest in 3 filed years
Profit before tax
£1.4bn
+7.6% highest in 3 filed years
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 | £20,835,000,000 | £20,358,000,000 | £19,654,000,000 | -3.5% | |
| Operating profit | £2,214,000,000 | £2,492,000,000 | £2,897,000,000 | +16.3% | |
| Profit before tax | £1,186,000,000 | £1,334,000,000 | £1,436,000,000 | +7.6% | |
| Net profit | — | £1,054,000,000 | £1,077,000,000 | +2.2% | |
| Cash | £2,366,000,000 | £75,000,000 | £187,000,000 | +149.3% | |
| Total assets less current liabilities | £22,339,000,000 | £32,325,000,000 | £35,746,000,000 | +10.6% | |
| Net assets | £12,518,000,000 | £12,094,000,000 | £12,518,000,000 | +3.5% | |
| Equity | £12,518,000,000 | £12,094,000,000 | £12,518,000,000 | +3.5% | |
| Average employees | 89,000 | 85,300 | 84,000 | -1.5% | |
| Wages | £4,197,000,000 | £3,969,000,000 | £3,724,000,000 | -6.2% | |
| Directors' remuneration | £2,569,000 | — | — | — |
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 —. 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 | 10.6% | 12.2% | 14.7% | |
| Net margin | — | 5.2% | 5.5% | |
| Return on capital employed | 9.9% | 7.7% | 8.1% | |
| Gearing (liabilities / total assets) | 75.8% | 70.3% | 70.8% | |
| Current ratio | 0.30x | 1.00x | 1.00x | |
| Interest cover | 1.70x | 1.92x | 2.07x |
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.
Name history
Renamed 1 time since incorporation
- BT GROUP PLC 2001-09-11 → present
- NEWGATE TELECOMMUNICATIONS LIMITED 2001-03-30 → 2001-09-11
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“We have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group and Parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- BT GROUP PLC · parent
- BT Holdco Limited 100%
- BT Network Global Limited 100%
- BT Services S.A. 100%
- EE Limited 100%
Significant events
- “We delivered £3.2bn of normalised free cash flow, exceeding the £2.0bn to £2.5bn target, and remain on track to increase normalised free cash flow to £2.8bn in FY27 and £3bn by FY30.”
- “We set out our refreshed and more focused strategy for long-term value creation and growth to create a better BT for all of our customers, our colleagues, shareholders and our partners.”
- “Openreach engineers are proving no community is too remote to reach, having passed 1.9 million homes and businesses across Yorkshire with full fibre.”
- “This year we exceeded our ambition to bring full fibre to up to 30 million UK homes and businesses by the end of 2030, with a target to reach 25 million premises by the end of FY28 or March 2029.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
15 active · 52 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CHALMERS, Sabine | Secretary | 2021-09-01 | — | — |
| CAIRNIE, Linda Ruth | Director | 2023-04-06 | Dec 1953 | British |
| CHAN JONES, Maggie | Director | 2023-03-01 | Nov 1974 | American |
| CHISHOLM, Alex James, Sir | Director | 2024-09-16 | Jan 1968 | British |
| CROZIER, Adam Alexander | Director | 2021-11-01 | Jan 1964 | British |
| GUGGENHEIMER, Steven Craig | Director | 2022-10-01 | May 1965 | American |
| KEY, Matthew David | Director | 2018-10-25 | Mar 1963 | British |
| KIRKBY, Allison | Director | 2019-03-15 | Jul 1967 | British |
| KUBLER, Raphael, Dr | Director | 2024-01-30 | Jan 1963 | German |
| LOWTH, Simon Jonathan | Director | 2016-07-12 | Sep 1961 | British |
| MITTAL, Sunil Bharti | Director | 2025-09-15 | Oct 1957 | Indian |
| MORZARIA, Tushar | Director | 2024-05-07 | Feb 1969 | British |
| QURESHI, Rima | Director | 2025-03-02 | Jan 1965 | Canadian |
| VITTAL, Gopal | Director | 2025-09-15 | Jun 1966 | Indian |
| WELLER, Sara Vivienne | Director | 2020-07-16 | Aug 1961 | British |
Show 52 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CANHAM, Rachel | Secretary | 2018-11-01 | 2021-09-01 |
| FITZ, Joseph Daniel | Secretary | 2012-11-01 | 2018-10-31 |
| GREEN, Colin Raymond | Secretary | 2001-09-10 | 2002-03-26 |
| PARKER, Andrew John | Secretary | 2008-04-01 | 2012-10-31 |
| SCOTT, Alan George, Mr. | Secretary | 2001-03-30 | 2001-09-10 |
| STONE, Laurence William | Secretary | 2002-03-27 | 2008-04-01 |
| AL-SALEH, Adel Bedry | Director | 2020-05-15 | 2023-12-31 |
| ALAHUHTA, Matti Juhani | Director | 2006-02-01 | 2009-05-31 |
| ALEXANDER, Helen | Director | 2001-11-19 | 2002-01-14 |
| BALL, Anthony Frank Elliott | Director | 2009-07-16 | 2018-07-11 |
| BARRAULT, Francois | Director | 2007-04-24 | 2008-10-30 |
| BLAND, Francis Christopher Buchan | Director | 2001-09-10 | 2007-09-30 |
| BONFIELD, Peter Leahy, Sir | Director | 2001-09-10 | 2002-01-31 |
| BORTHWICK, David | Director | 2001-03-30 | 2001-09-10 |
| BRENDISH, Clayton Mark | Director | 2002-09-01 | 2011-08-31 |
| CHANMUGAM, Anthony Everard Ashiantha | Director | 2008-12-01 | 2016-07-13 |
| CHESHIRE, Ian Michael, Sir | Director | 2020-03-16 | 2023-07-13 |
| CONN, Iain Cameron | Director | 2014-06-01 | 2023-07-13 |
| DANIELS, John Eric | Director | 2008-04-01 | 2012-06-13 |
| DANON, Pierre | Director | 2001-11-19 | 2005-02-28 |
| DE MOLLER, June Frances | Director | 2001-11-19 | 2002-01-14 |
| DU PLESSIS, Jan Petrus | Director | 2017-06-01 | 2021-12-01 |
| EAST, David Warren Arthur | Director | 2014-02-01 | 2015-05-31 |
| GREEN, Andrew James | Director | 2001-11-19 | 2007-11-12 |
| GREENER, Anthony Armitage, Sir | Director | 2001-11-19 | 2006-09-30 |
| HAMPTON, Philip Roy | Director | 2001-09-10 | 2002-04-30 |
| HEWITT, Patricia Hope | Director | 2008-03-24 | 2014-03-23 |
| HODKINSON, Philip Andrew | Director | 2006-02-01 | 2016-01-31 |
| HOTTGES, Timotheus | Director | 2016-01-29 | 2020-05-15 |
| HUDSON, Isabel Frances | Director | 2014-11-01 | 2024-07-11 |
| HUGHES, Louis Ralph | Director | 2001-11-19 | 2006-03-31 |
| INGLIS, Michael James | Director | 2015-09-01 | 2021-07-15 |
| ISDELL, Edward Neville | Director | 2001-11-19 | 2002-01-14 |
| JANSEN, Philip Eric Rene | Director | 2019-01-01 | 2024-01-31 |
| JAY, Margaret Ann, Baroness | Director | 2002-01-14 | 2008-01-13 |
| LALANI, Hanif Mohamed | Director | 2005-02-07 | 2010-01-07 |
| LATHEN, Deborah Ann | Director | 2007-02-01 | 2010-01-31 |
| LIVINGSTON, Ian Paul, Lord | Director | 2002-04-08 | 2013-09-10 |
| NAIR, Leena Kumar | Director | 2019-07-10 | 2022-07-14 |
| NELSON, John Frederick | Director | 2002-01-14 | 2008-01-13 |
| PATTERSON, Gavin Echlin | Director | 2008-06-01 | 2019-01-31 |
| RAKE, Michael Derek Vaughan, Sir | Director | 2007-09-26 | 2017-10-31 |
| REYNOLDS, Paul Joseph | Director | 2001-11-19 | 2007-09-14 |
| RICHARDSON, Karen Ann | Director | 2011-11-01 | 2018-07-11 |
| ROSE, Nicholas Charles | Director | 2011-01-01 | 2020-07-16 |
| SCOTT, Alan George, Mr. | Director | 2001-03-30 | 2001-09-10 |
| SILVERWOOD, Kathryn | Director | 2001-09-07 | 2001-09-10 |
| SYMON, Carl George | Director | 2002-01-14 | 2012-01-13 |
| VAN DEN BERGH, Maarten Albert | Director | 2001-11-19 | 2009-07-15 |
| VERWAAYEN, Bernardus Johannes Maria | Director | 2002-01-14 | 2008-06-30 |
| WESTON, Philip John | Director | 2001-11-19 | 2002-01-14 |
| WHITBREAD, Jasmine Mary | Director | 2011-01-19 | 2019-12-06 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 1597 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-08-03 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-03 | RESOLUTIONS | resolution | Resolution | |
| 2026-07-30 | AA | accounts | Accounts with accounts type group | |
| 2026-07-25 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-06 | SH04 | capital | Capital sale or transfer treasury shares with date currency capital figure | |
| 2026-02-06 | SH04 | capital | Capital sale or transfer treasury shares with date currency capital figure | |
| 2026-02-04 | CH01 | officers | Change person director company with change date | |
| 2026-01-28 | SH04 | capital | Capital sale or transfer treasury shares with date currency capital figure | |
| 2026-01-20 | SH04 | capital | Capital sale or transfer treasury shares with date currency capital figure | |
| 2025-11-07 | SH04 | capital | Capital sale or transfer treasury shares with date currency capital figure | |
| 2025-11-07 | SH04 | capital | Capital sale or transfer treasury shares with date currency capital figure | |
| 2025-10-13 | SH04 | capital | Capital sale or transfer treasury shares with date currency capital figure | |
| 2025-10-07 | SH04 | capital | Capital sale or transfer treasury shares with date currency capital figure | |
| 2025-10-07 | SH04 | capital | Capital sale or transfer treasury shares with date currency capital figure | |
| 2025-10-01 | CH01 | officers | Change person director company with change date | |
| 2025-09-18 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-18 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-12 | SH04 | capital | Capital sale or transfer treasury shares with date currency capital figure | |
| 2025-09-03 | SH04 | capital | Capital sale or transfer treasury shares with date currency capital figure | |
| 2025-08-26 | SH04 | capital | Capital sale or transfer treasury shares with date currency capital figure |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 12
- Officers appointed
- 2
- 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.