Freedom Holdco 1 Limited
Activities of other holding companies n.e.c. · Manchester
ActiveUnited KingdomIncorporated 2024Private Limited Company
Financial position
Accounts to 2025-12-31 · GBP · Group accounts
Net assets
£147,873,433
Cash
£4,965,939
Turnover
£7,787,344
Profit / loss
−£49,514,486
Current assets
£7,362,219
Creditors < 1 year
£5,136,106
Equity
£147,873,433
Average employees
194
Balance-sheet trend
GBP · consolidatedFinancial statements
Selected figures from the best-ranked available filing for each period. Missing values remain unknown.
Some figures were read by AI from scanned accounts, so small errors are possible. View the filed accounts
| Reported figures | 2025-12-31Group · AI-read | 2024-12-31Group · AI-read |
|---|---|---|
| Balance sheet | ||
| Net assets | £147,873,433 | £190,945,805 |
| Equity | £147,873,433 | £190,945,805 |
| Share capital | £106,158,500 | £103,289,858 |
| Retained earnings | −£96,481,702 | −£47,032,100 |
| Assets | ||
| Fixed assets | £185,610,355 | £202,880,542 |
| Intangible assets | £3,669,559 | £3,869,965 |
| Property, plant & equipment | £182,321,903 | £199,434,029 |
| Current assets | £7,362,219 | £11,844,534 |
| Cash at bank | £4,965,939 | £9,362,813 |
| Debtors | £2,396,280 | £2,481,721 |
| Liabilities | ||
| Creditors within one year | £5,136,106 | £23,779,271 |
| Creditors after one year | £39,963,035 | — |
| Capital commitments | £532,992 | — |
| Net current assets | £2,226,113 | −£11,934,737 |
| Assets less current liabilities | £187,836,468 | £190,945,805 |
| Profit & loss | ||
| Turnover | £7,787,344 | £4,497,753 |
| Cost of sales | £3,103,986 | £2,141,724 |
| Gross profit | £4,683,358 | £2,356,029 |
| Administrative expenses | £49,675,611 | £25,019,722 |
| Operating profit | −£44,837,307 | −£22,743,748 |
| Interest receivable | £136,677 | £284,808 |
| Interest payable | £4,813,856 | £2,901,729 |
| Profit before tax | −£49,514,486 | −£25,360,669 |
| Profit / loss | −£49,514,486 | −£25,360,669 |
| Operating costs | ||
| Depreciation | £10,361,156 | £7,448,417 |
| Amortisation | £200,135 | £155,723 |
| Operating lease charges | £350,827 | £636,986 |
| Audit fees | £145,243 | £144,474 |
| People & pay | ||
| Average employees | 194 | 216 |
| Staff costs | £13,552,451 | £13,630,050 |
| Wages & salaries | £11,545,737 | £11,733,408 |
| Social security costs | £1,468,977 | £1,315,929 |
| Pension costs | £537,737 | £580,713 |
| Directors' remuneration | £927,143 | £788,383 |
| Highest paid director | £423,633 | £264,959 |
| Source evidence | View filing | View filing |
From the accounts
What the accounts for 2025-12-31 say about themselves, read by AI from the scanned filing.
- Auditor
- Grant Thornton UK LLP
- Audit opinion
- Clean (unmodified)
- Ultimate parent
- DigitalBridge Group, Inc.
- Ultimate controlling party
- DigitalBridge Group, Inc.
- Accounts
- FRS 102
- Approved
- 2026-07-30, signed by James Peter Burke
Subsidiaries (4)
- Freedom Holdco 2 Limited · 100% · One St Peter's Square, Manchester, United Kingdom, M2 3DE
- Freedom Fibre Limited · 100% · One St Peter's Square, Manchester, United Kingdom, M2 3DE
- LilaConnect Limited · 100% · One St Peter's Square, Manchester, United Kingdom, M2 3DE
- VX Fiber Limited · 100% · One St Peter's Square, Manchester, United Kingdom, M2 3DE
Turnover by segment (9)
- Line rental: 7,124,387 (2025-12-31)
- Other turnover: 662,957 (2025-12-31)
- Line rental: 4,159,749 (2024-12-31)
- Other turnover: 338,004 (2024-12-31)
- Wholesale businesses within the group: £2,201,349 (2025-12-31)
- Wholesale businesses within the group: £1,453,065 (2024-12-31)
- Retail businesses within the group: £5,585,995 (2025-12-31)
- Retail businesses within the group: £3,044,686 (2024-12-31)
- United Kingdom: All turnover (2025-12-31)
Related parties (5)
- Key management personnel · Directors and senior management · Compensation · £2,163,941 (unaudited 2024: £1,773,741)
- Vnext AB · Former parent undertaking of VX Fiber Limited · Amount owed to related party included within trade creditors · £150,000 (unaudited 2024: £190,210)
- Vnext AB · Former parent undertaking of VX Fiber Limited · Purchases · £1,989,180 (unaudited 2024: £1,743,912)
- Director · Director · Loan · 83,333
- Former director · Former director · Loan · 83,333
Events after the year end (2)
- Following regulator approval, on 29 April 2026, Freedom Holdco 2 Limited acquired 100% of the issued share capital of Truespeed Communications Limited and County Broadband Limited as part of the merger signed on 4 February 2026.
- The strategic merger triggered a conversion event in respect of the convertible shareholder loan held by Freedom Holdco 1 Limited with VX UK Holdings Limited; conversion of the loan principal and commitment fees resulted in the issue of 19,528,529 ordinary shares to VX UK Holdings Limited.
Secured borrowing
Registered charges, lenders and security interests.
Charges and related records
0 outstanding chargesNo charges available in our records.