{"id":41880,"date":"2025-05-23T01:01:46","date_gmt":"2025-05-23T00:01:46","guid":{"rendered":"https:\/\/www.ispreview.co.uk\/?p=41880"},"modified":"2025-06-04T12:57:49","modified_gmt":"2025-06-04T11:57:49","slug":"full-fibre-broadband-isp-communityfibre-grows-uk-take-up-to-25-percent","status":"publish","type":"post","link":"https:\/\/www.ispreview.co.uk\/index.php\/2025\/05\/full-fibre-broadband-isp-communityfibre-grows-uk-take-up-to-25-percent.html","title":{"rendered":"Full Fibre Broadband ISP CommunityFibre Grows UK Take-up to 25 Percent"},"content":{"rendered":"

Alternative network ISP CommunityFibre<\/a> (CF) has finally published – much earlier than before – their full annual accounts to the end of 2024. The results reveal that their 5Gbps speed full (FTTP<\/a>) broadband network ended the year with a coverage of 1.342 million homes (plus c.200k businesses) and residential customers of 336,000 (25% take-up). But employees fell to 737 (2023: 930).<\/p>\n

The provider, which is currently being backed by funding of around \u00a31bn, has had a rough couple of years due to the rising cost of build, strong market competition and high interest rates (a common challenge in the market). All of this has caused a previous slowdown in network build and related redundancies (here<\/a> and here<\/a>), which resulted in CF pivoting their strategy to focus more on growing customer uptake.<\/p>\n

NOTE:<\/strong> CF is backed by shareholders Warburg Pincus LLC, DTCP, Railpen and NDIF, and its lenders, including recent backers JP Morgan and Barclays etc. The operator’s network is predominantly focused upon London.<\/div>\n

However, earlier this month CF published a preview of their annual accounts (here<\/a>), which did highlight some positives (e.g. going EBITDA positive). But we’ve had to wait a couple more weeks before Companies House published the full report<\/a>, which finally enables us to give a wider summary of their results.<\/p>\n

The good news is that that their greater focus on commercialisation is indeed starting to pay off. In particular, take-up on the residential side of their Fibre-to-the-Premises (FTTP<\/a>) network seems to have grown from 14.2% in 2022, to 17.2% in 2023 and in 2024 they’ve now finally gone a shade above 25%. But we can also see the impact of prior redundancies and losses.<\/p>\n

Summary of Community Fibre\u2019s 2024 Results<\/strong><\/span><\/p>\n

\u27a4 Total committed debt facility of \u00a3810m, with \u00a3714m drawn<\/p>\n

\u27a4 Revenue grew by 82.2% to \u00a376m (2023: \u00a341.7m)<\/p>\n

\u27a4 Gross profit increased by 87% to \u00a365.9m (2023: 86% and \u00a335.8m)<\/p>\n

\u27a4 Total employees fell to 737 (2023: 930)<\/p>\n

\u27a4 Total losses before tax fell to \u00a3118.5m (2023: \u00a3134.6m)<\/p>\n

\u27a4 Residential premises passed grew to 1,342,000 (2023: 1,288,000)<\/p>\n

\u27a4 Residential customers connected grew to 336,000 (2023: 222,000)<\/p>\n

\u27a4 Total non-current assets of \u00a3629.32m (2023: \u00a3604m)<\/p>\n

\u27a4 Total current assets of \u00a336.84m (2023: \u00a335.9m)<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

Alternative network ISP CommunityFibre (CF) has finally published – much earlier than before – their full annual accounts to the end of 2024. The results reveal that their 5Gbps speed full (FTTP) broadband network ended the year with a coverage of 1.342 million homes (plus c.200k businesses) and residential customers of 336,000 (25% take-up). But […]<\/p>\n","protected":false},"author":1,"featured_media":41256,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[1],"tags":[472,1491,56],"class_list":["post-41880","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uk_isp_news","tag-business","tag-community-fibre","tag-fttp"],"share_on_mastodon":{"url":"https:\/\/mastodon.social\/@ispreview\/114554215358883609","error":""},"yoast_head":"\nFull Fibre Broadband ISP CommunityFibre Grows UK Take-up to 25 Percent - ISPreview UK<\/title>\n<meta name=\"description\" content=\"Alternative network ISP CommunityFibre (CF) has finally published - much earlier than before - their full annual accounts to the end of 2024. 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