Broadband ISP and Alternative UK Full Fibre Network GoFibre Confirms CEO Exit
ISPreview has today been informed that the Chief Executive Officer (CEO) of Edinburgh-based UK alternative network operator GoFibre, Neil Conaghan, who has led the business since November 2022, recently resigned from the business and a hunt for his successor has now begun.
Regular readers of the site will know that GoFibre has spent the past few years building their own full fibre (FTTP) broadband network across rural parts of Northumberland (England) and the Scottish Borders area. But the company’s records were recently updated to show that their CEO of nearly four years, Neil Conaghan, ceased to be a Director earlier this month (here).
At the time of writing Neil’s LinkedIn page continues to show no change in his status, but GoFibre has today confirmed to ISPreview that Neil has resigned from the business. No reason was given for Neil’s departure, although it’s well known that altnets across the market are currently facing significant economic pressures from issues such as rising build costs, high interest rates and competition.
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GoFibre Statement
On the 24th July 2026, Neil Conaghan CEO of GoFibre, resigned from the business. The Board thanks Neil for his contribution since his appointment in 2022, including his role in advancing GoFibre’s mission to deliver full-fibre broadband to underserved communities across Scotland and the North East of England.
The Board is conducting a process to find a permanent successor while the executive team manage the business temporarily. GoFibre’s strategy and delivery plans remain unchanged.
The provider currently expects to deploy their new full fibre based broadband network to reach a UK footprint of 250,000 premises by around mid-2028, and they were home to a total of around 15,000 customers as of June 2025.
The date of Neil’s department appears to follow roughly two weeks after the company published its latest annual results to the end of 2025, which showed rising revenues of £5.63m (2024: £2.72m). But they also made an operating loss of £9.24m for the year (2024: £6.12m). The company had an average monthly number of employees (inc. Directors) of 80 during 2025 (2024: 56).
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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GoFibre’s strategy is to rely on Project Gigabit contracts, presumably based upon the assumption that there won’t be competing networks in the majority of their build areas. But with Openreach build activity ramping up across Eastern Scotland, they may find they are not alone and struggle to attract customers.
They are currently drumming up noise around their Project Gigabit roll out in Banchory, but Openreach has already built FTTP to a significant number of homes there.
The headwinds that GoFibre is facing is maybe an indication of why Neil has left as things are not going to get easier for them anytime soon.