VIRGIN MEDIA WHOLESALE LIMITED

1. VIRGIN MEDIA WHOLESALE LIMITED 2010-02-11 → present
2. TELEWEST COMMUNICATIONS GROUP LIMITED 1992-05-28 → 2010-02-11
3. UNITED ARTISTS PROGRAMME MANAGEMENT LIMITED 1990-11-09 → 1992-05-28
4. BURGINHALL 492 LIMITED 1990-06-21 → 1990-11-09

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. 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.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis, which the directors consider to be appropriate for the following reasons: It is not VMED O2's practice to prepare forecasts and projections for individual entities that are wholly-owned by the group, as operational and financial management is undertaken at a group level. Treasury operations and cash management for all of VMED O2's wholly-owned subsidiaries are managed on a group basis. As part of normal business practices, regular cash flow forecasts for both short and long term commitments are undertaken at the group level. Forecasts and projections which take into account of reasonably possible downsides in trading performance, prepared for the group as a whole, indicate that cash on hand, together with cash from operations and the revolving credit facility, are expected to be sufficient for the group and hence the company's cash requirements through to at least 12 months from the approval of these financial statements. The group has indicated its intention to continue to make such funds available to the company as are needed. In addition, VMED O2 UK Limited has formally indicated, through a letter of intent, its intention to support the company financially for at least this period.”

Group structure

1. VIRGIN MEDIA WHOLESALE LIMITED · parent
   1. Birmingham Cable Limited 100% · UK
   2. ntl Telecom Services Limited 100% · UK
   3. Virgin Media National Networks Limited 100% · UK

Significant events

• “In May 2025, VMED O2 and Daisy Group announced the creation of a new B2B company, combining their complementary direct B2B operations to create a major new force in the UK business communications and IT sector. The transaction completed in August 2025 with creation of O2 Daisy Limited, the parent of the group (O2 Daisy). The ownership of O2 Daisy is split 70% VMED O2 and 30% Daisy Group. Under the new ownership structure, the combined entity will be consolidated by VMED O2 with a non-controlling interest recognised for the proportion of the combined entity's consolidated results attributable to the Daisy Group. Certain assets in Virgin Media Wholesale Limited were contributed to O2 Daisy Group on completion.”

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

Filings

10

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

2

last 12 months

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

• Turnover

  -13.2%

  £216,362,000 → £187,810,000

• Cash

  —

  Not reported

• Net assets

  +0.8%

  £759,223,000 → £765,180,000

• Employees

  —

  Not reported

• Operating profit

  -30%

  £50,689,000 → £35,461,000

• Profit before tax

  -30%

  £50,689,000 → £35,461,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers