HERCULES BIDCO LIMITED

1. HERCULES BIDCO LIMITED 2021-08-23 → present
2. HERCULES BIDCO 2 LIMITED 2021-08-20 → 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

Standalone (parent only)

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have prepared financial projections which indicate the company 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. The Directors are satisfied that the company is in a position to meet its liabilities as they fall due over the next 12 months. The directors have received a Letter of Support from Hercules Topco Limited confirming that support will be provided to Hercules Bidco Limited for the period to 30 June 2026. Third party loans are not repayable until September 2026 and therefore do not impact the going concern assessment for the period to 30 June 2026. The Directors are satisfied that the 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 BIDCO LIMITED · parent
   1. Wifinity Group Limited 100% · UK · Holding company
   2. Wifinity Networks Limited 100% · UK · Holding company
   3. Wifinity Limited 100% · UK · Internet service provider and telecommunications services
   4. Vital Wifi Holdings Limited 100% · UK · Holding company
   5. Vital Wifi Limited 100% · UK · Internet service provider and telecommunications services
   6. Next Connex Limited 100% · UK · Internet service provider and telecommunications services

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

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  —

  Not reported

• Cash

  —

  Not reported

• Net assets

  -10.7%

  £36,162,016 → £32,280,928

• Employees

  0%

  6 → 6

• Operating profit

  -152%

  £23,704 → -£12,330

• Profit before tax

  -45%

  -£2,677,122 → -£3,881,088

• Wages

  +26%

  £879,538 → £1,108,204

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