Wessex Internet Limited

Wessex Internet Limited, based in Blandford, UK, is a large, holding company with an active status. Established seventeen years ago in May 2007, the company employs 138 people and holds assets worth £3,892,933. Yearly revenue reached £4,779,804. It has a real address, four directors, and one owner (though this list isn's exhaustive). Google users rate it 4.0 out of 5 based on 110 reviews. The company regularly imports electrical machinery and equipment, with the last import operation occurring in December 2024.

Wessex Internet Limited operates in the wired telecommunications activities industries, providing ultrafast fibre and superfast fixed wireless broadband to homes and businesses across Dorset, Hampshire, Wiltshire, and South Somerset. Its website showcases a commitment to delivering high-speed internet access and supporting rural communities. While the company doesn't appear to have an e-commerce component, its focus is on network infrastructure and service provision.

Financially, Wessex Internet Limited demonstrates a mixed picture. While turnover remained stable at £4.8 million, net assets decreased by 18% to £3.9 million. Bank borrowings increased significantly by 250% to £3.5 million, while cash reserves plummeted 88% to £72,000. Creditors decreased by 46% to £3.6 million, suggesting improved debt management. The company meets two of three criteria to be classified as a large company: turnover over £36 million, balance sheet total over £18 million, and more than 250 employees. The absence of an auditor mentioned (likely exempt due to size) means the financial statements are unaudited.

The company's rapid expansion, fuelled by two recent substantial subsidy contracts, is a key factor influencing its financial performance. These contracts, worth a combined £50.8 million, provide a crucial source of funding for network development. However, the increase in bank borrowings and the decline in cash reserves suggest a need for careful financial management as the company continues to invest in its infrastructure. The recent announcement of these contracts, and the access to significant undrawn equity, should provide some reassurance to stakeholders.

Registered in England/Wales under the registration number 06258070, with a registered address at DT11 8PU, Blandford, Dorset, The Estate Office, Ranston.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.