VERIZON CONNECT UK LIMITED

• ◆

  2 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. VERIZON CONNECT UK LIMITED 2018-03-06 → present
2. FLEETMATICS (UK) LIMITED 2004-10-21 → 2018-03-06

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

Ernst & Young

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The balance sheet of the Company at 31 December 2024 shows net assets of £12,184,048 (2023: £18,100,452) and net current assets of £12,112,948 (2023: £11,501,756). The Company meets its day to day working capital requirements through its group treasury arrangements. After performing the annual going concern review, making appropriate enquiries, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Therefore, the financial statements have been prepared on a going concern basis.”

Group structure

1. VERIZON CONNECT UK LIMITED · parent
   1. Verizon Connect Netherlands B.V. 100% · Netherlands · Provider of mobile workforce solutions
   2. Verizon Connect France SAS 100% · France · Provider of mobile workforce solutions

Significant events

• “On 14 April 2025, Verizon Communications Inc and Verizon Connect Ireland Limited, the selling parties, has entered into a proposed agreement to sell the customer-facing part of the European and Australian businesses of Verizon Connect to Geotab Inc (Geotab). Geotab is a leading global telematics provider. Pending the deal closing in the coming months, the service and employees who support the accounts would transition to Geotab at this time. Verizon Connect and Geotab are committed to working closely together to ensure a seamless transition as part of the agreement. The proposed transactions provide continuity for European and Australian customer-facing teams and International customers, allowing them the resources needed to continue to grow in those markets under new ownership.”

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

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

  -6.8%

  £18,081,756 → £16,855,490

• Cash

  -8%

  £7,026,639 → £6,461,407

• Net assets

  -32.7%

  £18,100,452 → £12,184,048

• Employees

  -14.8%

  88 → 75

• Operating profit

  -2.2%

  £486,044 → £475,514

• Profit before tax

  -1,329.2%

  £486,044 → -£5,974,255

• Wages

  -6%

  £7,625,691 → £7,171,778

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