WESTRAY BIDCO LIMITED
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Cash
£14M
-36.1% vs 2023
Net assets
£156M
-24.4% vs 2023
Employees
122
+11.9% vs 2023
Profit before tax
-£19M
+25.8% vs 2023
Net assets
2-year trend · vs Unclassified median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £69,981,000 | £79,745,000 | |
| Operating profit | -£3,723,000 | £3,491,000 | |
| Profit before tax | -£25,363,000 | -£18,823,000 | |
| Net profit | -£23,081,000 | -£20,001,000 | |
| Cash | £21,393,000 | £13,673,000 | |
| Total assets less current liabilities | £698,703,000 | £677,270,000 | |
| Net assets | £206,192,000 | £155,818,000 | |
| Equity | £206,192,000 | £155,818,000 | |
| Average employees | 109 | 122 | |
| Wages | £9,904,000 | £11,453,000 |
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 | -5.3% | 4.4% | |
| Net margin | -33.0% | -25.1% | |
| Return on capital employed | -0.5% | 0.5% | |
| Gearing (liabilities / total assets) | 73.9% | 79.7% | |
| Current ratio | 0.50x | 0.44x | |
| Interest cover | -0.17x | 0.15x |
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 102
- Reporting scope
- Consolidated group
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“As described in detail in the accounting policies on page 15, no material uncertainties that cast significant doubt about the ability of the company (and the group) to continue as a going concern have been identified by the directors and as such, these financial statements have been prepared on a going concern basis.”
Group structure
- WESTRAY BIDCO LIMITED · parent
- WIG Holdings I Limited 100%
- WIG Holdings II Limited 100%
- UK WIG I Limited 100%
- UK WIG II Limited 100%
- Wireless Infrastructure Group Limited 100%
- Fields & Towers Limited 100%
- The Wireless Development Company Limited 100%
- The Wireless Resources Company Limited 100%
- The Wireless Infrastructure Company Limited 100%
- The Wireless Asset Company Limited 100%
- Telecommunications Wireless & Infrastructure Services Limited 100%
- Kiolpa Limited 100%
- Telecomms Infrastructure Suppliers Limited 100%
- WIG Indoor Networks Limited 100%
- WIG (Netherlands) B.V. 100%
- Iberia Small Cell Networks S.L. 50%
- Highpoint Communications Limited 100%
- Wireless Infrastructure Group US LLC 100%
- UK Tower Infrastructure Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MOURANT SECRETARIES (JERSEY) LIMITED | Corporate Secretary | 2020-01-15 | — | — |
| CHITTELLA, Archana | Director | 2023-01-31 | Aug 1992 | Canadian |
| COATES, Scott Terrence | Director | 2020-10-17 | Oct 1971 | British |
| MONTESI, Gabriele | Director | 2020-01-15 | Sep 1981 | Italian |
| PADIYAR, Vishal Jayagopa | Director | 2025-02-27 | Jan 1981 | Canadian |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HALL, Taylor Robert | Director | 2022-05-27 | 2023-01-31 |
| KELLY, Jonathan Grant | Director | 2020-01-15 | 2020-01-15 |
| SIM, Paul Lucas | Director | 2020-01-15 | 2022-05-27 |
| SVED DURES, Cristina | Director | 2022-05-27 | 2025-02-27 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 25 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-02 | AA | accounts | Accounts with accounts type group | |
| 2025-03-21 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2025-03-21 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2025-02-17 | OSCH01 | other | Change company details by uk establishment overseas company with change details | |
| 2024-10-02 | AA | accounts | Accounts with accounts type group | |
| 2023-11-15 | AA | accounts | Accounts with accounts type group | |
| 2023-03-10 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2023-03-10 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2022-11-11 | AA | accounts | Accounts with accounts type group | |
| 2022-06-21 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2022-06-21 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2022-06-21 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2022-04-14 | OSCH01 | other | Change company details by uk establishment overseas company with change details | |
| 2021-11-08 | OSCH03 | officers | Change person director overseas company with change date | |
| 2021-10-27 | AA | accounts | Accounts with accounts type full | |
| 2021-09-14 | OSCH03 | officers | Change person director overseas company with change date | |
| 2021-05-27 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2021-05-19 | OSTM01 | officers | Termination person director overseas company | |
| 2021-05-17 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2021-05-04 | OSCH01 | other | Change company details by uk establishment overseas company with change details |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 1
- 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
+14%
£69,981,000 £79,745,000
-
Cash
-36.1%
£21,393,000 £13,673,000
-
Net assets
-24.4%
£206,192,000 £155,818,000
-
Employees
+11.9%
109 122
-
Operating profit
+193.8%
-£3,723,000 £3,491,000
-
Profit before tax
+25.8%
-£25,363,000 -£18,823,000
-
Wages
+15.6%
£9,904,000 £11,453,000
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