CITYFIBRE INFRASTRUCTURE HOLDINGS LIMITED
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Cash
£139m
+62.8% highest in 3 filed years
Net assets
£1bn
+94.3% highest in 3 filed years
Employees
1,473
-7.6% lowest in 3 filed years
Profit before tax
-£545m
-51.3% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
Notwithstanding the availability of these actions, the combination of limited forecast covenant headroom and sensitivity to reasonably possible downside movements represent a material uncertainty which may cast significant doubt upon the Group's and Company's ability to continue as a going concern
-
Going-concern uncertainty disclosed
Net assets
3-year trend · vs Telecommunications median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £99,675,000 | £133,871,000 | £169,576,000 | +26.7% | |
| Operating profit | -£213,852,000 | -£176,687,000 | -£207,236,000 | -17.3% | |
| Profit before tax | -£419,304,000 | -£360,487,000 | -£545,406,000 | -51.3% | |
| Net profit | -£419,304,000 | -£360,487,000 | -£530,148,000 | -47.1% | |
| Cash | £137,241,000 | £85,498,000 | £139,170,000 | +62.8% | |
| Total assets less current liabilities | £3,965,035,000 | £4,416,622,000 | £5,219,737,000 | +18.2% | |
| Net assets | £709,761,000 | £538,275,000 | £1,046,024,000 | +94.3% | |
| Equity | £709,761,000 | £538,275,000 | £1,046,024,000 | +94.3% | |
| Average employees | 1,876 | 1,594 | 1,473 | -7.6% | |
| Wages | £123,090,000 | £118,617,000 | £109,583,000 | -7.6% | |
| Directors' remuneration | £2,396,000 | £1,286,000 | £5,252,000 | +308.4% | |
| Highest paid director | £901,000 | £2,000,000 | £5,000,000 | +150% |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | — | -132.0% | -122.2% | |
| Return on capital employed | -5.4% | -4.0% | -4.0% | |
| Gearing (liabilities / total assets) | 83.0% | 88.7% | 80.7% | |
| Current ratio | 1.15x | 0.60x | 1.59x | |
| Interest cover | -0.84x | -0.63x | -0.53x |
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
- CITYFIBRE INFRASTRUCTURE HOLDINGS LIMITED 2018-06-22 → present
- CITYFIBRE INFRASTRUCTURE HOLDINGS PLC 2014-01-10 → 2018-06-22
- CITYFIBRE INFRASTRUCTURE HOLDINGS LIMITED 2013-12-11 → 2014-01-10
- NEWINCCO 1269 LIMITED 2013-11-13 → 2013-12-11
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“Notwithstanding the availability of these actions, the combination of limited forecast covenant headroom and sensitivity to reasonably possible downside movements represent a material uncertainty which may cast significant doubt upon the Group's and Company's ability to continue as a going concern”
Group structure
- CITYFIBRE INFRASTRUCTURE HOLDINGS LIMITED · parent
- CityFibre Holdings Limited 100%
- CityFibre Networks Limited 100%
- Fibrecity Holdings Limited 100%
- CityFibre Metro Networks Limited 100%
- CityFibre Limited 100%
- Entanet Holdings Limited 100%
- Entanet International Limited 100%
- FibreNation Limited 100%
- Lit Fibre Group Limited 100%
- Connect Infraco Limited 100%
- Fibrecity Bournemouth Limited 100%
- Bolt Pro Tem Limited 100%
Significant events
- “In March 2025, we announced the acquisition of Connect Infraco Limited's Full Fibre infrastructure, establishing a material foothold across Hull and East Riding.”
- “Secured £2.3 billion financing round comprising over £500 million in new equity, a £960 million expansion of existing debt facilities and an over £800 million accordion to fund M&A.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 15 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GAWN, Christopher | Secretary | 2013-12-10 | — | British |
| DUNN, Nicholas James | Director | 2021-01-20 | Nov 1966 | British |
| FLOOD, Sharon Emma | Director | 2025-09-12 | May 1965 | British |
| HOLDEN, Simon | Director | 2019-03-11 | May 1968 | British |
| HOLLIDAY, Steve | Director | 2025-09-12 | Oct 1956 | British |
| MORRIS, Mark Nicholas | Director | 2025-09-24 | Dec 1963 | British |
| PEARCE, Fraser James | Director | 2026-08-01 | Aug 1968 | British |
Show 15 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| OLSWANG COSEC LIMITED | Corporate Secretary | 2013-11-13 | 2013-12-10 |
| CHARLTON, Stephen | Director | 2014-11-17 | 2018-06-21 |
| COLLINS, Mark Grahame | Director | 2013-12-10 | 2019-07-01 |
| DAVIS, Sally Margaret | Director | 2014-02-12 | 2018-06-21 |
| HART, Terence Alan | Director | 2013-12-10 | 2020-07-15 |
| LAKE, Spencer George | Director | 2017-09-20 | 2018-06-21 |
| MACKIE, Christopher Alan | Director | 2013-11-13 | 2013-12-10 |
| MANNING, Peter David | Director | 2014-01-10 | 2017-01-13 |
| MESCH, Robert Gary | Director | 2014-01-10 | 2018-06-21 |
| MESCH, William Gregory | Director | 2013-12-10 | 2025-09-02 |
| PRELZ OLTRAMONTI, Massimo Giovanni | Director | 2014-01-10 | 2014-10-01 |
| STONE, Christopher Michael Renwick | Director | 2017-02-27 | 2018-06-21 |
| VAN DOORNE, Leopold Wilhelmus Antonius Maria | Director | 2014-01-10 | 2017-09-20 |
| OLSWANG DIRECTORS 1 LIMITED | Corporate Director | 2013-11-13 | 2013-12-10 |
| OLSWANG DIRECTORS 2 LIMITED | Corporate Director | 2013-11-13 | 2013-12-10 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Cityfibre Holdco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-12-13 | Active |
| Connect Infrastructure Bidco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-06-21 | Ceased 2018-12-13 |
Filing timeline
Last 20 of 205 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-09-23 RESOLUTIONS Resolution
- 2025-08-22 RESOLUTIONS Resolution
- 2025-07-31 RESOLUTIONS Resolution
- 2025-07-04 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-10-07 | AA | accounts | Accounts with accounts type group | |
| 2026-08-05 | AP01 | officers | Appoint person director company with name date | |
| 2026-08-04 | MR05 | mortgage | Mortgage charge part both with charge number | |
| 2026-08-04 | MR05 | mortgage | Mortgage charge part both with charge number | |
| 2025-11-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-07 | AA | accounts | Accounts with accounts type group | |
| 2025-09-29 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-23 | RESOLUTIONS | resolution | Resolution | |
| 2025-09-22 | SH01 | capital | Capital allotment shares | |
| 2025-09-15 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-15 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-09-12 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-09 | OC | miscellaneous | Court order | |
| 2025-09-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-27 | SH01 | capital | Capital allotment shares | |
| 2025-08-22 | RESOLUTIONS | resolution | Resolution | |
| 2025-07-31 | RESOLUTIONS | resolution | Resolution | |
| 2025-07-29 | SH01 | capital | Capital allotment shares | |
| 2025-07-04 | RESOLUTIONS | resolution | Resolution | |
| 2025-06-30 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 4
- Officers appointed
- 1
- 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.