MILLICOM SERVICES UK LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-12-09 (in 7mo)
Last made up 2025-11-25
Watchouts
None on the register
Cash
£315K
-59.7% vs 2023
Net assets
-£209K
-117.3% vs 2023
Employees
—
Average over period
Profit before tax
-£1M
-481.9% vs 2023
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £1,776,492 | £1,373,089 | |
| Operating profit | -£61,378 | -£1,269,012 | |
| Profit before tax | -£242,589 | -£1,411,542 | |
| Net profit | -£167,806 | -£1,414,709 | |
| Cash | £783,425 | £315,329 | |
| Total assets less current liabilities | £4,304,190 | £2,678,324 | |
| Net assets | £1,206,126 | -£208,583 | |
| Equity | £1,206,126 | -£208,583 | |
| Average employees | — | — | |
| Wages | £36,577 | — |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -3.5% | -92.4% | |
| Net margin | -9.4% | -103.0% | |
| Return on capital employed | -1.4% | -47.4% | |
| Gearing (liabilities / total assets) | 83.1% | 103.7% | |
| Current ratio | 2.06x | 1.71x | |
| Interest cover | -0.34x | -8.90x |
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.
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Crowe U.K. LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company's parent company, Millicom International Cellular S.A. has provided a statement of guarantee, confirming its intention to underwrite, guarantee, settle, fund or otherwise take full responsibility for the liabilities of the Company, should the Company be unable to do so. As a result of this statement of guarantee the Directors consider that the Company has adequate resources and facilities to continue in operational existence for the foreseeable future, and therefore the financial statements contained herein are prepared on a going concern basis.”
Significant events
- “On September 29 2025, the Company signed a netting agreement with Millicom International Cellular S.A., whereas both parties agree to net off the Company's payables against Millicom International Cellular S.A. receivables up to £820,742.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 14 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| VISO, Alfredo Goberna, Mr. | Secretary | 2024-12-17 | — | — |
| BERNAL, Carolina Raquel | Director | 2024-04-01 | May 1976 | Luxembourger |
| ZANDONA, Gustavo Luis, Mr. | Director | 2024-08-01 | Dec 1979 | Italian |
Show 14 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MAIORI, Maria Florencia | Secretary | 2015-10-01 | 2024-12-17 |
| ZAGAR, Marc Andre | Secretary | 2013-01-28 | 2014-12-18 |
| DABBOUR, Mohamed Ali | Director | 2017-05-01 | 2019-10-31 |
| DEVELLE, Laurent, Philippe, Jacques | Director | 2012-12-13 | 2012-12-20 |
| ESCALON, Salvador | Director | 2014-10-08 | 2015-10-01 |
| GILL, Patrick Anthony | Director | 2015-10-01 | 2024-08-01 |
| LECLERE, Jozef Emiel Ghislain | Director | 2012-12-20 | 2014-12-18 |
| MORGAN, Heather Jean | Director | 2014-12-18 | 2015-07-31 |
| NIEUWLAND, Bruno | Director | 2012-12-13 | 2024-03-31 |
| PATEL, Chatan | Director | 2015-10-01 | 2018-10-30 |
| PENNINGTON, Timothy Lincoln | Director | 2014-10-08 | 2022-03-31 |
| ROGER, Francois-Xavier, Michel, Marie | Director | 2012-12-13 | 2013-08-30 |
| SCHMIDT, Alexander Norbert | Director | 2015-10-01 | 2017-04-30 |
| ZAGAR, Marc Andre | Director | 2013-09-02 | 2014-12-18 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Xavier Niel | Individual | Shares 25–50%, Voting 25–50% | 2023-07-28 | Active |
| Millicom Internacional Cellular S.A. | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 68 total filings
Material constitutional events — rename, articles re-file, resolution
- 2021-06-19 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-24 | AA | accounts | Accounts with accounts type full | |
| 2025-12-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-04 | CH01 | officers | Change person director company with change date | |
| 2024-12-18 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-12-17 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-12-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-19 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-16 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-16 | AA | accounts | Accounts with accounts type full | |
| 2024-04-03 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-01 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-08 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-07-20 | AA | accounts | Accounts with accounts type full | |
| 2022-11-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-06-08 | AA | accounts | Accounts with accounts type full | |
| 2022-03-31 | TM01 | officers | Termination director company with name termination date | |
| 2021-12-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-06-19 | RESOLUTIONS | resolution | Resolution | |
| 2021-06-18 | AA | accounts | Accounts with accounts type audit exemption subsiduary |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- 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.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-22.7%
£1,776,492 £1,373,089
-
Cash
-59.7%
£783,425 £315,329
-
Net assets
-117.3%
£1,206,126 -£208,583
-
Employees
—
Not reported
-
Operating profit
-1,967.5%
-£61,378 -£1,269,012
-
Profit before tax
-481.9%
-£242,589 -£1,411,542
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