EAGLECREST TELECOMS LIMITED

• ⚠

  Annual accounts overdue

  Due 2025-12-31.

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

IFRS

Reporting scope

Consolidated group

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After making enquiries, the directors have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the Group continues to adopt the going concern basis in preparing its financial statements.”

Group structure

1. EAGLECREST TELECOMS LIMITED · parent
   1. IslaLink Holding S.L.U 100% · Spain · builds and operates neutral, independent infrastructure for the development of the Digital Economy
   2. EagleCrest Iris Limited 100% · UK · holding company
   3. Medianet Invest SA 42.5% · Greece · provides full fibre internet services in Greece

Significant events

• “During the year the company issued a further 4 ordinary £1 shares at €18,572,823 (2022 issued 4 ordinary shares at €15,773,737), and used these funds for the investment in Medianet.”
• “The Group has continued its investment in new technical installations primarily in relation to the Ionian project, a submarine and terrestrial fibre optic network that will connect Athens and Thessaloniki with Milan and Rome. Since 1 April 2023, assets totalling €16,232,328 (2022: nil) have been put into operation.”
• “On 12 April 2023, the Group purchased an additional 5.8% shares in Medianet Invest SA, increasing its ownership to 29.5%.”
• “On 7 July 2023, the Group purchased an additional 5% shares in Medianet Invest SA, increasing its ownership to 34.5%.”
• “On 6 October 2023, the Group purchased an additional 4.3% shares in Medianet Invest SA, increasing its ownership to 38.7%.”
• “On 20 December 2023, the Group purchased an additional 3.7% shares in Medianet Invest SA, increasing its ownership to 42.5%.”
• “Since the year end the Company has issued further share capital. On 3 April 2024 the Company issued 1 ordinary £1 share for an amount totaling €5,225,020, on 24 July 2024 the Company issued a further 1 ordinary £1 share for an amount totaling €3,565,013, on 21 October 2024 the Company issued a further 1 ordinary £1 share for an amount totaling €4,565,020 and on 9 January 2025 the Company issued a further 1 ordinary £1 share for an amount totaling €4,650,020.”
• “The Group has continued to increase its investment in Medianet and has made further investments increasing its ownership to 53.57% on 9 January 2025.”

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

Filings

14

last 12 months

Capital events

9

last 24 months

Officers appointed

0

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.