{"id":33583,"date":"2023-02-01T10:07:13","date_gmt":"2023-02-01T10:07:13","guid":{"rendered":"https:\/\/www.ispreview.co.uk\/?p=33583"},"modified":"2023-02-07T09:07:59","modified_gmt":"2023-02-07T09:07:59","slug":"full-fibre-uk-builders-light-source-facing-uncertain-future","status":"publish","type":"post","link":"https:\/\/www.ispreview.co.uk\/index.php\/2023\/02\/full-fibre-uk-builders-light-source-facing-uncertain-future.html","title":{"rendered":"Full Fibre UK Builders Light Source Facing Uncertain Future UPDATE"},"content":{"rendered":"<p>Civil engineering firm <a href=\"https:\/\/www.lightsourceuk.net\/\" target=\"_blank\" rel=\"noopener\">Light Source<\/a>, which works with a number of UK operators to deploy Fibre-to-the-Premises (<a href=\"https:\/\/www.ispreview.co.uk\/index.php\/link\/fttp\">FTTP<\/a>) based broadband ISP infrastructure (e.g. Upp, <a href=\"https:\/\/www.ispreview.co.uk\/index.php\/link\/netomnia\" target=\"_blank\">Netomnia<\/a>, <a href=\"https:\/\/www.ispreview.co.uk\/index.php\/go\/vm\" rel=\"nofollow\" target=\"_blank\">Virgin Media<\/a>, <a href=\"https:\/\/www.ispreview.co.uk\/index.php\/link\/airband\" rel=\"nofollow\" target=\"_blank\">Airband<\/a> and <a href=\"https:\/\/www.ispreview.co.uk\/index.php\/go\/kcom\" rel=\"nofollow\" target=\"_blank\">KCOM<\/a>), appears to be experiencing problems after engineers reported being laid off and a manager said they had &#8220;<em>entered administration<\/em>&#8220;.<!--more--><\/p>\n<p>At the time of writing, we haven&#8217;t yet had any formal confirmation that Light Source is in administration, although a number of posts by staff and related network operators on social media appear to indicate as much (<a href=\"https:\/\/www.linkedin.com\/feed\/update\/urn:li:activity:7026288357198462976\/\" target=\"_blank\" rel=\"noopener\">example<\/a>). In particular, one of the company&#8217;s Senior Project Managers, Kyle Smithers, has stated via <a href=\"https:\/\/www.linkedin.com\/posts\/kyle-smithers-170ab2128_openforwork-recruitment-newrole-activity-7026271324549304320-_x8T?utm_source=share&amp;utm_medium=member_desktop\" target=\"_blank\" rel=\"noopener\">LinkedIn<\/a> that they&#8217;ve now &#8220;<em>entered administration.<\/em>&#8221;<\/p>\n<p>According to Kyle: &#8220;<em>Today definitely was not the day I expected, finding out Light Source have entered administration. I was not planning on leaving and wholeheartedly hope they pull through this uncertain time. I have enjoyed every minute throughout the ups and downs, but I have to think of my family in case the worst happens and I find myself potentially looking for a new role<\/em>.&#8221;<\/p>\n<p>The details on <a href=\"https:\/\/find-and-update.company-information.service.gov.uk\/company\/04111628\/filing-history\" target=\"_blank\" rel=\"noopener\">Companies House<\/a> and <a href=\"https:\/\/www.thegazette.co.uk\/company\/04111628\" target=\"_blank\" rel=\"noopener\">The Gazette<\/a> don&#8217;t add much because the latest accounts have yet to be published, although a number of charges have been registered and an equity investment firm called <a href=\"https:\/\/meridianequity.co.uk\/\" target=\"_blank\" rel=\"noopener\"><strong>Meridian Structured Finance Limited<\/strong><\/a> was listed as an entity with significant control &#8211; taking somewhere between 50% and 75% of shares &#8211; on 16th January 2023 (the change itself occurred on 14th December 2022).<\/p>\n<p>We have asked Light Source for a comment and await further details. The situation could potentially disrupt a number of <a href=\"https:\/\/www.ispreview.co.uk\/index.php\/link\/fttp\">FTTP<\/a> builds.<\/p>\n<p><strong>UPDATE 7th Feb 2023<\/strong><\/p>\n<p>A new post on <a href=\"https:\/\/www.thegazette.co.uk\/notice\/4274712\" target=\"_blank\" rel=\"noopener\">The Gazette<\/a> has revealed that Light Source&#8217;s appointed administrators are <strong>RSM UK Restructuring Advisory<\/strong> LLP in London.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Civil engineering firm Light Source, which works with a number of UK operators to deploy Fibre-to-the-Premises (FTTP) based broadband ISP infrastructure (e.g. Upp, Netomnia, Virgin Media, Airband and KCOM), appears to be experiencing problems after engineers reported being laid off and a manager said they had &#8220;entered administration&#8220;.<\/p>\n","protected":false},"author":1,"featured_media":28806,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[1],"tags":[472,52,56],"class_list":["post-33583","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uk_isp_news","tag-business","tag-fibre-optic","tag-fttp"],"share_on_mastodon":{"url":"","error":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - 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