Broadband Provider GoFibre Named One of Scotland’s Fastest Growing Companies
Edinburgh-based UK alternative network GoFibre, which is rolling out a gigabit broadband (FTTP) network across remote rural parts of Scotland and Northern England, has been named as one of the top 50 fastest-growing businesses in Scotland by the UK Fast Growth Index for 2025.
The Index identifies the fifty fastest-growing companies in seven regions and nations namely London, the Midlands and the East of England, the North of England, Northern Ireland, Scotland, South of England and Wales. All the firms on the list have been entered for the 2025 UK Fast Growth Awards, due to be held in London on November 26th where the winners will be recognised as the fastest growing in their sectors and their regions.
The operator currently expects to deploy their new Fibre-to-the-Premises (FTTP) based broadband network to reach a footprint of 250,000 premises “in the next 3 years“, which has recently been boosted by several major Project Gigabit contracts with the government. At the end of last year the operator also had a total of 10,597 customers.
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Neil Conaghan, CEO of GoFibre, said:
“Being named among Scotland’s fastest-growing companies is an incredible honour and achievement for GoFibre. As a company we’ve demonstrated strong commercial success, not just in the context of the independent broadband provider sector, but as a Scottish company generally.
Our growth has been built on our ambitious, people-friendly culture – adding customers while retaining our hyper-local, customer-centred approach, demonstrated for instance by our industry-leading Trustpilot score. I’m so proud of all that GoFibre has achieved since our founding in the Borders in 2017 and look forward to continued growth while retaining what makes GoFibre unique.”
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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Fast growing in what way? They’ve borrowed around £300m – which is around 100x their turnover. They make a massive operational loss and can only service their debt using more borrowing. It looks next to impossible for them to survive given their poor take-up and competition (60% overbuilt). 10k customers paying circa £25/month doesn’t add up to very much when your owe so much money. Madness.
GoFibre has hardly any build. They spend a lot of money building to a cherry-picked number of houses and seem to have no real expansion plans, other than more cherry-picked houses, which is likely to lead people into expensive broadband packages from a single supplier. I expect GoFibre to be one of the likeliest targets for M&A by another bigger player in the future tbh, as their plans just don’t really stack up.