Outernet London Limited
13634371
Some Concerns
- Negative net worth (-10)
- Loss before tax (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 3 outstanding charges (-6)
Details
Compliance
Last accounts
31/12/2024
full
Next accounts due
30/09/2026
Confirmation statement
Last: 20/09/2025
Due 04/10/2026
Industry
Officers
director · Since 21/11/2024
ADVISOR
BRITISH · UNITED KINGDOM · Age 56
Also on 3 other boards
director · Since 07/08/2025
FINANCE DIRECTOR
IRISH · UNITED KINGDOM · Age 44
Also on 1 other board
director · Since 07/08/2025
CEO
BRITISH · UNITED KINGDOM · Age 56
Also on 2 other boards
Persons with Significant Control
Former PSCs
Outernet Europe Limited
Ceased 02/11/2021
Outernet London Holdings Limited
Ceased 04/04/2025
Charges3 outstanding
U.S. BANK TRUSTEES LIMITED
U.S. BANK TRUSTEES LIMITED AS SECURITY TRUSTEE FOR THE SECURED PARTIES (AS DEFINED IN THE FACIL
U.S. BANK TRUSTEES LIMITED AS SECURITY TRUSTEE FOR THE SECURED PARTIES (AS DEFINED IN THE FACIL
CompanyRankvs 40433+ SIC 64209 peers21
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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 going concern are d
Key FinancialsYear ending 31/12/2025
Net Worth
-£108.4M
Balance sheet strength
Cash
£242k
Cash in the bank
Profit Before Tax
-£25.8M
Bottom line earnings
Net Current Assets
-£167k
Working capital
Current Assets
£4.8M
Current Liabilities
£4.9M
Fixed Assets
£201k
Debtors
£4.5M
Cost of Sales
£30.9M
Admin Expenses
£13.1M
Profit After Tax
-£22.2M
Tax at Year End(2024)
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.97 | -£22.2M |
| 2024 | 0.56 | — |
| 2023 | 0.07 | — |
Derived from filed accounts. Not audited figures.