Lightspeed Networks Ltd
08671303
Some Concerns
- Negative net worth (-10)
- Loss before tax (-10)
- Going concern doubt noted in accounts (-10)
- 2 outstanding charges (-4)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 20/01/2022
DIRECTOR
IRISH · UNITED KINGDOM · Age 60
Also on 4 other boards
director · Since 20/07/2023
NON-EXECUTIVE DIRECTOR
AMERICAN · UNITED STATES · Age 55
director · Since 20/07/2023
NON-EXECUTIVE DIRECTOR
AMERICAN · UNITED STATES · Age 49
director · Since 20/07/2023
NON-EXECUTIVE DIRECTOR
AMERICAN · UNITED STATES · Age 55
Also on 4 other boards
Persons with Significant Control
Lightspeed Fibre Group Ltd
Office 2b, Westpoint, Lynch Wood, Peterborough, PE2 6FZ
Reg: 13708580 · Companies House · Limited By Shares
Notified 05/11/2021
Former PSCs
Group Utilities Limited
Ceased 26/05/2020
Mr Graham Robert Bell
Ceased 11/08/2016
Lightspeed Group Ltd
Ceased 12/11/2020
Lightspeed Fibre Holdings Ltd
Ceased 05/11/2021
Charges2 outstanding
OXANE PARTNERS LIMITED
NATIONAL WESTMINSTER BANK PLC
CompanyRankvs 1614+ SIC 42220 peers25
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to
Key FinancialsYear ending 31/12/2024
Net Worth
-£47.0M
Balance sheet strength
Cash
£1.2M
Cash in the bank
Profit Before Tax
-£19.9M
Bottom line earnings
Net Current Assets
-£7.0M
Working capital
Current Assets
£5.1M
Current Liabilities
£12.2M
Fixed Assets
£91.5M
Debtors
£2.6M
Cost of Sales
£7.3M
Admin Expenses
£5.7M
Profit After Tax
-£19.9M
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.42 | -£21.9M |
| 2023 | 0.25 | -£18.6M |
| 2022 | 0.11 | — |
| 2021 | 0.14 | — |
| 2020 | 0.87 | — |
Derived from filed accounts. Not audited figures.