GRANSTONE HOLDCO 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. GRANSTONE HOLDCO LIMITED 2024-04-09 → present
2. VMED O2 NETWORKS LIMITED 2023-05-31 → 2024-04-09

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 101

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis, which the directors consider to be appropriate for the following reasons: The directors are confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of these financial statements and have prepared the financial statements on a going concern basis.”

Group structure

1. GRANSTONE HOLDCO LIMITED · parent
   1. O2 Networks Limited 100% · United Kingdom
   2. Cornerstone Telecommunications Infrastructure Limited 50% · United Kingdom

Significant events

• “On 9 April 2024, the company changed its name from VMED O2 UK Networks Limited to Granstone Holdco Limited.”
• “On 19 September 2023, the company acquired the entire issued share capital of O2 Networks Limited from associated companies, O2 Holdings Limited (80%) and O2 Cedar Limited (20%).”
• “On 15 November 2023, Granada Bidco Limited acquired shares in the capital of the company (2,000 ordinary shares of £1 each from O2 Cedar Limited and 1,333 ordinary shares of £1 each from O2 Holdings Limited).”
• “On 7 August 2024, Granada Bidco Limited transferred its entire shareholding in the capital of the company to Albion SPV Limited.”
• “On 27 November 2024, Albion SPV Limited acquired 1,666 ordinary shares of £1 each in the capital of Granstone Holdco Limited from O2 Holdings Limited, being 16.66% of the share capital.”
• “On 27 March 2025, the company implemented a capital reduction to reduce the share premium reserve to nil and increase retained earnings by £524.1 million. The capital reduction was effective from 28 March 2025.”
• “In March 2025, Cornerstone Telecommunications Infrastructure Limited (Cornerstone) declared and paid a dividend of £110.0 million, of which O2 Networks Limited received £55.0 million.”
• “In June 2025, Cornerstone declared and paid a dividend of £112.0 million, of which O2 Networks Limited received £56.0 million.”

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

4

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.