Vitrifi Calls in the Administrators Over UK Wholesale Platform for Full Fibre AltNets
The Fern Trading (Octopus Investments) backed company Vitrifi, which was first incorporated back in 2021 and offered a cloud-based software platform to help alternative network providers (altnets) offer wholesale products (details), appears to have filed a new notice stating their intention to appoint an administrator.
The notice itself (here), which was first filed on 1st December 2025, doesn’t reveal much and has yet to appear on either The Gazette or Companies House (this usually follows later). Administration itself often occurs when a company, such as one that is in financial difficulty, is put into the hands of an administrator. The administrator then decides whether they can help the company to continue running or sell it off for a good price.
Once in administration, the company is often protected from legal action by people or organisations who are owed money (creditors). Administration can also mean that the company may not have to pay all its debts in full, but if deemed necessary, they can still be wound up.
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The cause of Vitrifi’s predicament is currently unclear, although there are now quite a few wholesale platforms vying for dominance in the UK’s embattled fibre optic broadband market (e.g. Zen Internet’s Fibre Hub, PXC, APFN itself and more).
The records on Companies House also show quite a few recent Directorship changes and their latest annual accounts reported a loss for the year of £10.73m (2023: £9.45m), with net liabilities of £16.72m (2023: £5.98m) and a turnover of £155,704 (2023: £446). The average number of employees during the year was 56 (2023: 46).
One of the company’s main clients was another Fern Trading backed operator, Vorboss, which could be impacted by the news. Vitrifi recently stated that they were playing a “key role in powering Vorboss’s newly launched business fibre connectivity solution designed to transform public services across the capital” (here)
ISPreview contacted both Vorboss and Vitrifi for a comment on Wednesday and await a response.
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Mark is a professional technology writer, IT consultant and computer engineer from Dorset (England), he also founded ISPreview in 1999 and enjoys analysing the latest telecoms and broadband developments. Find me on X (Twitter), Mastodon, Facebook, BlueSky, Threads.net and Linkedin.
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Not forgetting All Points Fibre has its own Aquila platform.