Truespeed Communications Ltd
09187893
Some Concerns
- Negative net worth (-10)
- Loss before tax (-10)
- Going concern doubt noted in accounts (-10)
- 13 outstanding charges (-10)
Details
Compliance
Last accounts
31/12/2024
full
Next accounts due
30/09/2026
Confirmation statement
Last: 28/08/2025
Due 11/09/2026
Industry
Officers
director · Since 04/12/2014
DIRECTOR
BRITISH · UNITED KINGDOM · Age 73
Also on 55 other boards
Persons with Significant Control
Freedom Holdco 2 Limited
1, St. Peters Square, Manchester, M2 3DE
Reg: 15760252 · Companies House · Private Limited Company
Notified 30/04/2026
Former PSCs
Mr Francis Benedict Hornak
Ceased 05/07/2017
Truespeed Holdings Limited
Ceased 30/04/2026
Charges13 outstanding
FRANCIS HORNAK
AVIVA INVESTORS INFRASTRUCTURE INCOME NO.6 LIMITED
ANDREW JONES
EDMUND BRUEGGER
OFSO LIMITED
BARCLAYS BANK PLC
AVIVA INVESTORS INFRASTRUCTURE INCOME NO.6 LIMITED
BARCLAYS SECURITY TRUSTEE LIMITED
AVIVA INVESTORS INFRASTRUCTURE INCOME NO.6 LIMITED AS LENDER
MICHAEL SIMMONS
ANDREW JONES
OFSO LIMITED
KEVIN AND GILLIE SLATER
GILLIAN WOOKEY
OFSO LIMITED
ROBERT WITHEY
DON WESTON
ANDREW VICKERY
ANDY JONES
ANDREW JONES
BRIAN CHARD
ROBERT WITHEY
JOHN WALDRON
EDMUND BRUEGGER
PETER FROOME
FRANCIS BENEDICT HORNAK
CompanyRankvs 5757+ SIC 61900 peers24
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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
-£109.9M
Balance sheet strength
Cash
£2.1M
Cash in the bank
Profit Before Tax
-£25.0M
Bottom line earnings
Net Current Assets
-£23.7M
Working capital
Current Assets
£6.2M
Current Liabilities
£29.9M
Fixed Assets
£80.1M
Debtors
£1.6M
Cost of Sales
£793k
Admin Expenses
£19.1M
Profit After Tax
-£25.0M
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.21 | -£25.0M |
| 2023 | 0.19 | -£25.7M |
| 2022 | 0.43 | -£17.6M |
| 2021 | 0.22 | -£12.9M |
| 2020 | 0.13 | -£11.9M |
| 2019 | 0.37 | — |
Derived from filed accounts. Not audited figures.