cityfibre infrastructure holdings limited
cityfibre infrastructure holdings limited Company Information
Company Number
08772997
Website
www.cityfibre.comRegistered Address
15 bedford street, london, WC2E 9HE
Industry
Other telecommunications activities
Telephone
08000836160
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
cityfibre holdco limited 100%
cityfibre infrastructure holdings limited Estimated Valuation
Pomanda estimates the enterprise value of CITYFIBRE INFRASTRUCTURE HOLDINGS LIMITED at £145.2m based on a Turnover of £80.8m and 1.8x industry multiple (adjusted for size and gross margin).
cityfibre infrastructure holdings limited Estimated Valuation
Pomanda estimates the enterprise value of CITYFIBRE INFRASTRUCTURE HOLDINGS LIMITED at £0 based on an EBITDA of £-71.7m and a 7.39x industry multiple (adjusted for size and gross margin).
cityfibre infrastructure holdings limited Estimated Valuation
Pomanda estimates the enterprise value of CITYFIBRE INFRASTRUCTURE HOLDINGS LIMITED at £3b based on Net Assets of £1.1b and 2.66x industry multiple (adjusted for liquidity).
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Cityfibre Infrastructure Holdings Limited Overview
Cityfibre Infrastructure Holdings Limited is a live company located in london, WC2E 9HE with a Companies House number of 08772997. It operates in the other telecommunications activities sector, SIC Code 61900. Founded in November 2013, it's largest shareholder is cityfibre holdco limited with a 100% stake. Cityfibre Infrastructure Holdings Limited is a established, large sized company, Pomanda has estimated its turnover at £80.8m with healthy growth in recent years.
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Cityfibre Infrastructure Holdings Limited Health Check
Pomanda's financial health check has awarded Cityfibre Infrastructure Holdings Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
4 Weak
Size
annual sales of £80.8m, make it larger than the average company (£12.4m)
£80.8m - Cityfibre Infrastructure Holdings Limited
£12.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (3.6%)
12% - Cityfibre Infrastructure Holdings Limited
3.6% - Industry AVG
Production
with a gross margin of 36.7%, this company has a comparable cost of product (38.9%)
36.7% - Cityfibre Infrastructure Holdings Limited
38.9% - Industry AVG
Profitability
an operating margin of -195.1% make it less profitable than the average company (4.1%)
-195.1% - Cityfibre Infrastructure Holdings Limited
4.1% - Industry AVG
Employees
with 1976 employees, this is above the industry average (52)
1976 - Cityfibre Infrastructure Holdings Limited
52 - Industry AVG
Pay Structure
on an average salary of £67.6k, the company has an equivalent pay structure (£60.9k)
£67.6k - Cityfibre Infrastructure Holdings Limited
£60.9k - Industry AVG
Efficiency
resulting in sales per employee of £40.9k, this is less efficient (£228.4k)
£40.9k - Cityfibre Infrastructure Holdings Limited
£228.4k - Industry AVG
Debtor Days
it gets paid by customers after 145 days, this is later than average (38 days)
145 days - Cityfibre Infrastructure Holdings Limited
38 days - Industry AVG
Creditor Days
its suppliers are paid after 272 days, this is slower than average (44 days)
272 days - Cityfibre Infrastructure Holdings Limited
44 days - Industry AVG
Stock Days
it holds stock equivalent to 16 days, this is more than average (11 days)
16 days - Cityfibre Infrastructure Holdings Limited
11 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 27 weeks, this is more cash available to meet short term requirements (8 weeks)
27 weeks - Cityfibre Infrastructure Holdings Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 65%, this is a similar level of debt than the average (66.3%)
65% - Cityfibre Infrastructure Holdings Limited
66.3% - Industry AVG
CITYFIBRE INFRASTRUCTURE HOLDINGS LIMITED financials
Cityfibre Infrastructure Holdings Limited's latest turnover from December 2022 is £80.8 million and the company has net assets of £1.1 billion. According to their latest financial statements, Cityfibre Infrastructure Holdings Limited has 1,976 employees and maintains cash reserves of £102.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 80,802,000 | 64,304,000 | 63,132,000 | 57,666,000 | 55,249,000 | 30,925,000 | 15,363,000 | 6,408,000 | 3,844,000 | 1,874,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 51,170,000 | 38,434,000 | 35,502,000 | 31,339,000 | 31,150,000 | 14,535,000 | 1,827,000 | 888,000 | 568,000 | 365,000 |
| Gross Profit | 29,632,000 | 25,870,000 | 27,630,000 | 26,327,000 | 24,099,000 | 16,390,000 | 13,536,000 | 5,520,000 | 3,276,000 | 1,509,000 |
| Admin Expenses | 187,251,000 | 128,849,000 | 117,263,000 | 87,177,000 | 60,482,000 | 27,671,000 | 18,677,000 | 11,679,000 | 10,726,000 | 5,713,000 |
| Operating Profit | -157,619,000 | -102,979,000 | -89,633,000 | -60,850,000 | -36,383,000 | -11,281,000 | -5,141,000 | -6,159,000 | -7,450,000 | -4,204,000 |
| Interest Payable | 65,844,000 | 16,324,000 | 14,412,000 | 13,002,000 | 14,179,000 | 8,743,000 | 7,341,000 | 278,000 | 344,000 | 2,115,000 |
| Interest Receivable | 706,000 | 149,000 | 150,000 | 143,000 | 572,000 | 72,000 | 45,000 | 170,000 | 779,000 | 1,000 |
| Pre-Tax Profit | -222,757,000 | -119,154,000 | -103,895,000 | -73,714,000 | -50,187,000 | -20,179,000 | -12,584,000 | -6,393,000 | -7,057,000 | -6,318,000 |
| Tax | 0 | 0 | 434,000 | 0 | -52,000 | 0 | 0 | 31,000 | 31,000 | 31,000 |
| Profit After Tax | -222,757,000 | -119,154,000 | -103,461,000 | -73,714,000 | -50,239,000 | -20,179,000 | -12,584,000 | -6,362,000 | -7,026,000 | -6,287,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -222,757,000 | -119,154,000 | -103,461,000 | -73,714,000 | -50,239,000 | -20,179,000 | -12,584,000 | -6,362,000 | -7,026,000 | -6,287,000 |
| Employee Costs | 133,624,000 | 111,155,000 | 32,812,000 | 21,838,000 | 32,561,000 | 12,485,000 | 9,646,000 | 6,402,000 | 6,095,000 | 2,526,000 |
| Number Of Employees | 1,976 | 1,677 | 1,094 | 606 | 364 | 189 | 116 | 83 | 46 | 32 |
| EBITDA* | -71,707,000 | -49,925,000 | -59,777,000 | -45,965,000 | -28,028,000 | -5,392,000 | -1,211,000 | -4,219,000 | -5,943,000 | -2,988,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,744,740,000 | 1,609,750,000 | 869,087,000 | 432,377,000 | 234,260,000 | 178,339,000 | 155,592,000 | 44,596,000 | 32,625,000 | 19,254,000 |
| Intangible Assets | 220,525,000 | 208,954,000 | 210,893,000 | 26,703,000 | 25,940,000 | 25,276,000 | 1,211,000 | 905,000 | 535,000 | 325,000 |
| Investments & Other | 180,820,000 | 0 | 0 | 0 | 5,000 | 204,000 | 433,000 | 609,000 | 847,000 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 2,965,265,000 | 1,818,704,000 | 1,079,980,000 | 459,080,000 | 260,200,000 | 203,615,000 | 156,803,000 | 45,501,000 | 33,160,000 | 19,579,000 |
| Stock & work in progress | 2,339,000 | 2,641,000 | 2,616,000 | 7,281,000 | 4,584,000 | 3,784,000 | 3,986,000 | 190,000 | 83,000 | 122,000 |
| Trade Debtors | 32,152,000 | 11,661,000 | 10,174,000 | 11,775,000 | 10,514,000 | 10,408,000 | 6,663,000 | 2,821,000 | 2,247,000 | 497,000 |
| Group Debtors | 3,088,000 | 2,613,000 | 547,000 | 87,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 115,780,000 | 53,067,000 | 31,842,000 | 22,553,000 | 12,637,000 | 6,198,000 | 1,407,000 | 3,173,000 | 1,473,000 | 1,180,000 |
| Cash | 102,443,000 | 46,978,000 | 106,085,000 | 12,078,000 | 67,323,000 | 36,961,000 | 16,722,000 | 9,731,000 | 4,186,000 | 286,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 120,000,000 | 0 | 0 | 29,000,000 | 0 |
| total current assets | 255,802,000 | 116,960,000 | 151,264,000 | 53,774,000 | 95,058,000 | 177,351,000 | 28,778,000 | 15,915,000 | 36,989,000 | 2,085,000 |
| total assets | 3,221,067,000 | 1,935,664,000 | 1,231,244,000 | 512,854,000 | 355,258,000 | 380,966,000 | 185,581,000 | 61,416,000 | 70,149,000 | 21,664,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 790,000 | 15,729,000 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 38,196,000 | 14,950,000 | 11,434,000 | 13,438,000 | 11,956,000 | 3,608,000 | 1,091,000 | 1,880,000 | 1,273,000 | 1,164,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 5,960,000 | 5,276,000 | 3,829,000 | 2,361,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 153,073,000 | 121,813,000 | 79,166,000 | 41,321,000 | 24,532,000 | 21,987,000 | 9,125,000 | 5,533,000 | 5,880,000 | 2,630,000 |
| total current liabilities | 197,229,000 | 142,039,000 | 94,429,000 | 57,120,000 | 36,488,000 | 25,595,000 | 10,216,000 | 7,413,000 | 7,943,000 | 19,523,000 |
| loans | 3,699,552,000 | 1,662,902,000 | 931,910,000 | 365,508,000 | 101,810,000 | 123,082,000 | 111,010,000 | 448,000 | 3,628,000 | 4,894,000 |
| hp & lease commitments | 40,104,000 | 35,371,000 | 25,055,000 | 11,367,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 45,435,000 | 39,080,000 | 33,041,000 | 23,125,000 | 16,296,000 | 14,565,000 | 11,091,000 | 9,746,000 | 10,529,000 | 659,000 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 35,362,000 | 1,512,000 | 1,512,000 | 1,446,000 | 0 | 0 | 0 | 0 |
| total long term liabilities | 1,895,211,000 | 870,531,000 | 516,677,000 | 206,635,000 | 67,957,000 | 76,829,000 | 66,821,000 | 10,194,000 | 12,343,000 | 3,106,000 |
| total liabilities | 2,092,440,000 | 1,012,570,000 | 611,106,000 | 263,755,000 | 104,445,000 | 102,424,000 | 77,037,000 | 17,607,000 | 20,286,000 | 22,629,000 |
| net assets | 1,128,627,000 | 923,094,000 | 620,138,000 | 249,099,000 | 250,813,000 | 278,542,000 | 108,544,000 | 43,809,000 | 49,863,000 | -965,000 |
| total shareholders funds | 1,128,627,000 | 923,094,000 | 620,138,000 | 249,099,000 | 250,813,000 | 278,542,000 | 108,544,000 | 43,809,000 | 49,863,000 | -965,000 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | -157,619,000 | -102,979,000 | -89,633,000 | -60,850,000 | -36,383,000 | -11,281,000 | -5,141,000 | -6,159,000 | -7,450,000 | -4,204,000 |
| Depreciation | 76,598,000 | 46,398,000 | 25,412,000 | 13,064,000 | 7,013,000 | 5,230,000 | 3,572,000 | 1,707,000 | 1,393,000 | 1,108,000 |
| Amortisation | 9,314,000 | 6,656,000 | 4,444,000 | 1,821,000 | 1,342,000 | 659,000 | 358,000 | 233,000 | 114,000 | 108,000 |
| Tax | 0 | 0 | 434,000 | 0 | -52,000 | 0 | 0 | 31,000 | 31,000 | 31,000 |
| Stock | -302,000 | 25,000 | -4,665,000 | 2,697,000 | 800,000 | -202,000 | 3,796,000 | 107,000 | -39,000 | 122,000 |
| Debtors | 83,679,000 | 24,778,000 | 8,148,000 | 11,264,000 | 6,545,000 | 8,536,000 | 2,076,000 | 2,274,000 | 2,043,000 | 1,677,000 |
| Creditors | 23,246,000 | 3,516,000 | -2,004,000 | 1,482,000 | 8,348,000 | 2,517,000 | -789,000 | 607,000 | 109,000 | 1,164,000 |
| Accruals and Deferred Income | 37,615,000 | 48,686,000 | 47,761,000 | 23,618,000 | 4,276,000 | 16,336,000 | 4,937,000 | -1,130,000 | 13,120,000 | 3,289,000 |
| Deferred Taxes & Provisions | 0 | -35,362,000 | 33,850,000 | 0 | 66,000 | 1,446,000 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -94,223,000 | -57,888,000 | 16,781,000 | -34,826,000 | -22,735,000 | 6,573,000 | -2,935,000 | -7,092,000 | 5,313,000 | -303,000 |
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | 180,820,000 | 0 | 0 | -5,000 | -199,000 | -229,000 | -176,000 | -238,000 | 847,000 | 0 |
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 2,036,650,000 | 730,992,000 | 566,402,000 | 263,698,000 | -21,272,000 | 12,072,000 | 110,562,000 | -3,180,000 | -1,266,000 | 4,894,000 |
| Hire Purchase and Lease Commitments | 5,417,000 | 11,763,000 | 15,156,000 | 13,728,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||
| interest | -65,138,000 | -16,175,000 | -14,262,000 | -12,859,000 | -13,607,000 | -8,671,000 | -7,296,000 | -108,000 | 435,000 | -2,114,000 |
| cash flow from financing | 2,405,219,000 | 1,148,690,000 | 1,041,796,000 | 336,567,000 | -12,369,000 | 193,578,000 | 180,585,000 | -2,980,000 | 57,023,000 | 8,102,000 |
| cash and cash equivalents | ||||||||||
| cash | 55,465,000 | -59,107,000 | 94,007,000 | -55,245,000 | 30,362,000 | 20,239,000 | 6,991,000 | 5,545,000 | 3,900,000 | 286,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -790,000 | -14,939,000 | 15,729,000 |
| change in cash | 55,465,000 | -59,107,000 | 94,007,000 | -55,245,000 | 30,362,000 | 20,239,000 | 6,991,000 | 6,335,000 | 18,839,000 | -15,443,000 |
cityfibre infrastructure holdings limited Credit Report and Business Information
Cityfibre Infrastructure Holdings Limited Competitor Analysis
Perform a competitor analysis for cityfibre infrastructure holdings limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
cityfibre infrastructure holdings limited Ownership
CITYFIBRE INFRASTRUCTURE HOLDINGS LIMITED group structure
Cityfibre Infrastructure Holdings Limited has 4 subsidiary companies.
Ultimate parent company
2 parents
CITYFIBRE INFRASTRUCTURE HOLDINGS LIMITED
08772997
4 subsidiaries
cityfibre infrastructure holdings limited directors
Cityfibre Infrastructure Holdings Limited currently has 4 directors. The longest serving directors include Mr Terence Hart (Dec 2013) and Mr William Mesch (Dec 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Terence Hart | United Kingdom | 58 years | Dec 2013 | - | Director |
| Mr William Mesch | 64 years | Dec 2013 | - | Director | |
| Mr Simon Holden | England | 56 years | Mar 2019 | - | Director |
| Mr Nicholas Dunn | England | 57 years | Jan 2021 | - | Director |
P&L
December 2022turnover
80.8m
+26%
operating profit
-157.6m
+53%
gross margin
36.7%
-8.85%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
1.1b
+0.22%
total assets
3.2b
+0.66%
cash
102.4m
+1.18%
net assets
Total assets minus all liabilities
cityfibre infrastructure holdings limited company details
company number
08772997
Type
Private limited with Share Capital
industry
61900 - Other telecommunications activities
incorporation date
November 2013
age
11
accounts
Group
ultimate parent company
previous names
cityfibre infrastructure holdings plc (June 2018)
cityfibre infrastructure holdings limited (January 2014)
incorporated
UK
address
15 bedford street, london, WC2E 9HE
last accounts submitted
December 2022
cityfibre infrastructure holdings limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 11 charges/mortgages relating to cityfibre infrastructure holdings limited. Currently there are 1 open charges and 10 have been satisfied in the past.
cityfibre infrastructure holdings limited Companies House Filings - See Documents
| date | description | view/download |
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