HERCULES TOPCO LIMITED

• ◆

  4 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. HERCULES TOPCO LIMITED 2021-08-23 → present
2. HERCULES BIDCO LIMITED 2021-08-18 → 2021-08-23

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

Consolidated group

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have prepared financial projections which indicate the Group can continue to operate as a going concern. These projections cover the 12 months from the signing date and reflect known and expected impacts on the business over this period including any expected impact of the current wider economic instability. The debt within the Group has been considered and both the debt and related interest on this, are not due for repayment until September 2026 and will not impact Group cashflow over the next 12 months to June 2026. As such, the Directors are satisfied that the Group and Company is in a position to meet its liabilities as they fall due over the next 12 months. On this basis, the Directors consider it appropriate to prepare the financial statements on a going concern basis in order to give a true and fair view and that no material uncertainty in respect to going concern has been identified.”

Group structure

1. HERCULES TOPCO LIMITED · parent
   1. Hercules Bidco Limited 100% · UK · Holding company
   2. Wifinity Group Limited 100% · UK · Holding company
   3. Wifinity Networks Limited 100% · UK · Holding company
   4. Wifinity Limited 100% · UK · Internet service provider and telecommunications services
   5. Vital Wifi Holdings Limited 100% · UK · Holding company
   6. Vital Wifi Limited 100% · UK · Internet service provider and telecommunications services
   7. Next Connex Limited 100% · UK · Internet service provider and telecommunications services

Significant events

• “On 15 October 2024 the Group acquired the trade and assets of Norbeck Limited. The acquisition represents an opportunity to expand the Group's services in the Defence sector.”
• “On 25 March 2025, the Group drew down a further £4m from its facility with Digital Bridge Credit FinCo, LP to fund ongoing capital requirements.”

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

2

last 24 months

Officers appointed

2

last 12 months

Officers resigned

4

last 12 months

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

• Turnover

  +39.1%

  £28,887,682 → £40,178,694

• Cash

  +36.4%

  £5,269,839 → £7,189,722

• Net assets

  -61.6%

  -£28,367,181 → -£45,851,630

• Employees

  +17.9%

  195 → 230

• Operating profit

  -31.9%

  -£1,531,885 → -£2,020,327

• Profit before tax

  -19.3%

  -£14,660,623 → -£17,485,478

• Wages

  +34.3%

  £10,820,794 → £14,537,371

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