Broadband Altnet Toob Ranks 4th in Sunday Times 100 Tech List
Hampshire-based network builder and UK ISP toob, which has deployed a gigabit speed full fibre (FTTP) network across parts of South England and also harness some of CityFibre’s network, has placed 4th in the latest 2025 Sunday Times 100 Tech – a ranking of Britain’s fastest-growing private technology companies.
The list is split into a top 50 for software companies and a top 50 for hardware companies, with toob being ranked 4th in the hardware list for annual sales growth of 270.73% (total sales of £5.5m). The only other fibre broadband builder and ISP to make it into this year’s ranking was G.Network in London, which placed 33rd on sales growth of 47.23% (£10.2m). Neither company is in profit yet.
Toob is currently being financed through equity from funds managed and advised by the Amber Infrastructure Group, as well as a huge amount of debt financing provided by Ares Management’s Infrastructure Debt (here). At the end of 2023 this mix of equity and debt reflected a total commitment of £395m.
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Nick Parbutt, CEO of toob, said:
“Customers are choosing toob as we are focused on what they want most; fast, reliable broadband at an affordable price. By delivering on what customers want and sticking to our principles, such as no unfair price rises in the middle of your contract, we have managed to double our customers over the last 12 months in a highly competitive market.
The ranking of fourth in The Sunday Times 100 Tech, is a great recognition of the progress we have made over the last few years; however, the best recognition is the thousands of customers that choose toob every month.”
Toob’s most recent accounts also reported an operating loss of £19.48m (2022: £13.57m), capex of £38.68m (2022: £26.39m), revenue of £5.5m (2022: £2.16m) and total liabilities of £214.7m (2022: £139.6m).
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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Would love to get toon but it doesn’t reach my part of the street.
Makes me laugh reading this, That company may seem like a great company to work for but I’ll tell you now. The reason why they are so successful is because of the bullying from upper management down to its own engineers. The fact we are questioned on everything little bit of stock we use like a cable tie to bullying management telling us to hang cables even below the 5.5m limit going across a road because they need to get the customer connected or going threw trees which will end up breaking in a week or so. So yeah … Great for customer but not for there staff .