FLAG TELECOM UK LIMITED

1. FLAG TELECOM UK LIMITED 2020-04-17 → present
2. RELIANCE GLOBALCOM (UK) LIMITED 2008-03-15 → 2020-04-17
3. FLAG TELECOM LIMITED 1998-02-02 → 2008-03-15

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 102

Reporting scope

Standalone (parent only)

Auditor

PBG Associates Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The management believes that it remains appropriate to prepare the financial statements on a going concern basis in the view of company's and group's continuing operations. The board of directors has received assurance from the Immediate parent company "Flag Telecom Limited " incorporated in Bermuda that it will continue to provide financial support to the Company in the foreseeable future for at least the next 12 months from the date of the signing of this annual report. On the basis of the financial support, the directors of the Company are of the view that the Company will be able to continue to operate as a going concern in the foreseeable future for at least the next 12 months from the date of the signing of this annual report.”

Significant events

• “Subsequent events have been evaluated up to the date on which the financial statements were authorised for issue except for the release of charge as disclosed in note 19 and novation of lease agreement as disclosed in note 18.”
• “As per the Agreement signed between GCX Bidco Limited and National West minister Bank on 29 March 2023 the credit facilities provided to GCX Bidco Limited are secured by: i. a Fixed Charge on the Investments and dividends of some of the entities of the group including Flag Telecom UK Limited. ii. assignment of bank accounts as defined in the assignment debenture of some of the entities of the group including Flag Telecom UK Limited. Subsequently on 22nd April 2025, the aforesaid fixed charge over investments and the assignment of bank accounts, previously created pursuant to the Agreement, were formally released.”
• “W.e.f. 1 April 2025, lease agreement in respect of office building has been novated from Group company.”

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

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  -13.6%

  £5,734,823 → £4,955,956

• Cash

  -17%

  £321,087 → £266,486

• Net assets

  -6.5%

  -£15,315,670 → -£16,316,815

• Employees

  -12.5%

  16 → 14

• Operating profit

  +85.8%

  -£7,073,155 → -£1,001,145

• Profit before tax

  +85.8%

  -£7,073,155 → -£1,001,145

• Wages

  +3.1%

  £3,732,821 → £3,850,061

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