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Gigability Broadband Limited

12065685

active
ltd
england wales
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)

Details

1st Floor, Block C, The Wharf, Manchester Road, Burnley, BB11 1JG
Incorporated 24/06/2019

Previously known as

Hugo Contracts Limited · until 14/02/2024

Compliance

Last accounts

31/12/2024

total exemption full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 15/03/2026

Due 29/03/2027

On track

Industry

42220
Construction of utility projects for electricity and telecommunications

Officers

Mr Stephen Francis Thorp

director · Since 30/01/2024

DIRECTOR

BRITISH · ENGLAND · Age 58

Also on 8 other boards

Stephen Francis Thorp

director · Since 30/01/2024

British · England · Age 58

Former

Philip Andrew Walker

director · Resigned 05/01/2024

Philip Andrew Walker

director · Resigned 31/01/2024

David Joseph Lee Swanston

director · Resigned 17/12/2024

Persons with Significant Control

Gigability Group Limited

75–100% shares
ownership-of-shares-75-to-100-percent-as-firm
75–100% votes
voting-rights-75-to-100-percent-as-firm
right-to-appoint-and-remove-directors-as-firm
significant-influence-or-control-as-firm

2, Milton Gardens, Princes Risborough, HP27 9DD

Reg: 15431713 · United Kingdom · Private Limited Company

Notified 30/01/2024

Former PSCs

Mr Philip Andrew Walker

Ceased 05/01/2024

Mr David Swanston

Ceased 30/01/2024

Change History

statusactive
2026-07-24

Active

typeltd
2026-07-24

Private Limited Company

address line11st Floor, Block C, The Wharf
2026-07-24

1ST FLOOR, BLOCK C, THE WHARF

post townBurnley
2026-07-24

BURNLEY

officer appointedTHORP, Stephen Francis
2026-07-24

CompanyRankvs 2354+ SIC 42220 peers
30

Financial strength4th percentile among SIC peers · 1/25
Employees34th percentile among SIC peers · 5/15
LiquidityCurrent ratio 0.4× · 2/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength1/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees5/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity2/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity7/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/12/2024

Net Worth

-£106k

Balance sheet strength

Cash

£67k

Cash in the bank

Net Current Assets

Working capital

Current Assets

£69k

Current Liabilities

£175k

Debtors

£2k

1avg. employees
Signed by 12065685 2024-06-30 2024-12-31 12065685 2024-12-31 12065685 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2024-12-31 Prepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
20240.40-£210k
20240.52

Derived from filed accounts. Not audited figures.