HERCULES TOPCO LIMITED

• ◆

  4 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

• ·

  Negative shareholders' funds

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

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.

1. HERCULES TOPCO LIMITED 2021-08-23 → present
2. HERCULES BIDCO LIMITED 2021-08-18 → 2021-08-23

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Based on this analysis, the Directors have a reasonable expectation that the Group and the Company have adequate resources to continue in operational existence and to meet their liabilities as they fall due for the foreseeable future. Accordingly, the Directors continue to adopt the going concern basis in preparing these financial statements. The Directors have not identified any material uncertainties that would cast significant doubt on the Group's or the Company's ability to continue as a going concern.”

Group structure

1. HERCULES TOPCO LIMITED · parent
   1. Hercules Bidco Limited 100% · UK · Holding company
   2. Wifinity Group Limited 100% · UK · Holding company
   3. Wifinity Networks Limited 100% · UK · Holding company
   4. Wifinity Limited 100% · UK · Internet service provider and telecommunications services
   5. Vital Wifi Holdings Limited 100% · UK · Holding company
   6. Vital Wifi Limited 100% · UK · Internet service provider and telecommunications services
   7. Next Connex Limited 100% · UK · Dormant

Significant events

• “On 2 January 2026, the shareholders of Hercules Topco Limited entered into an agreement to sell 100% of the issued share capital of the Company to Logi Bidco Limited, subject to regulatory clearance under the National Security and Investment Act. The required clearance was obtained in March 2026, and the transaction completed on 8 April 2026, resulting in a change of ultimate control of the Group. As part of the transaction, certain financing arrangements in place at the balance sheet date were settled. Third-party borrowings (£53.5m), which were contractually repayable in September 2026, together with management loan notes (£82m) presented within borrowings in the Group balance sheet as at 31 December 2025, were fully repaid on completion.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

11

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

4

last 12 months

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