{"id":44622,"date":"2026-02-02T10:29:31","date_gmt":"2026-02-02T10:29:31","guid":{"rendered":"https:\/\/www.ispreview.co.uk\/?p=44622"},"modified":"2026-02-02T10:29:31","modified_gmt":"2026-02-02T10:29:31","slug":"broadband-isp-voneus-see-uk-turnover-rise-to-6-33m-as-losses-hit-38m","status":"publish","type":"post","link":"https:\/\/www.ispreview.co.uk\/index.php\/2026\/02\/broadband-isp-voneus-see-uk-turnover-rise-to-6-33m-as-losses-hit-38m.html","title":{"rendered":"Broadband ISP Voneus See UK Turnover Rise to \u00a36.33m as Losses Hit \u00a338m"},"content":{"rendered":"

Alternative rural network provider Voneus<\/a>, which has built a mix of full fibre (FTTP<\/a>) and wireless (FWA) broadband networks across some remote parts of Wales and England, have published their annual accounts to the end of March 2025. The figures show that turnover increased 43% to \u00a36.33m due to customer growth, but they suffered a loss before tax of \u00a338m.<\/p>\n

Just to recap. Voneus<\/a> was last year hit by some redundancies and a slowdown in their network build (here<\/a>), due to many of the same pressures as other altnets have been facing (rising build costs, competition and high interest rates etc.). Back in 2024 they also withdrew (here<\/a>) from the publicly funded Project Gigabit broadband build contract for Mid West Shropshire (Lot 25.01), which has since been picked up by Openreach<\/a> (here<\/a>).<\/p>\n

NOTE:<\/strong> Voneus<\/a> has received investments from Macquarie Asset Holdings, the Israel Infrastructure Fund (IIF) and Tiger Infrastructure Partners (principal shareholder of Rural Broadband Solutions) etc. The operator originally aspired to cover 370,000 homes with their gigabit networks, but they\u2019ve so far done 100,000 (Feb 2025) and are home to 26,000 customers (Nov 2025).<\/div>\n

However, at the end of last year they did manage to strengthen their position for \u201clong-term growth<\/em>\u201d with a business reorganisation, which was said to have secured their funding through to 2030. This involved the renegotiation of an existing \u00a370m loan facility with banking partners, which is intended to support future network commercialisation.<\/p>\n

The company’s latest annual accounts<\/a> help to show why they needed to strike the aforementioned agreement and Voneus’ directors say they now have a “reasonable expectation that the company has adequate resources to continue to operate in the foreseeable future<\/em>“.<\/p>\n

Summary of Key Figures – Voneus Accounts (March 2025)<\/strong><\/span><\/p>\n

\u27a4 Turnover increased 43% to \u00a36.33m due to customer growth (2024: \u00a34.41m).<\/p>\n

\u27a4 Gross profit increased to \u00a3800k (2024: \u00a3768k), although gross profit margin declined to 13% (2024: 17%).<\/p>\n

\u27a4 Employees grew to 275 (2024: 238).<\/p>\n

\u27a4 Losses before tax increased to \u00a338m (2024: \u00a336.6m).<\/p>\n

\u27a4 Government grant receipts (gigabit vouchers etc.) increased to \u00a32.25m (2024: \u00a31.12m).<\/p>\n

\u27a4 Net assets worth \u00a3136.18m<\/p><\/blockquote>\n

Voneus are currently in the process of conducting a “business reorganisation to ensure operational efficiency and future scalability<\/em>“, which is already known to include the \u201coutsourcing of some business functions<\/em>\u201d and may result in a \u201climited number of redundancies<\/em>\u201c (here<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"

Alternative rural network provider Voneus, which has built a mix of full fibre (FTTP) and wireless (FWA) broadband networks across some remote parts of Wales and England, have published their annual accounts to the end of March 2025. The figures show that turnover increased 43% to \u00a36.33m due to customer growth, but they suffered a […]<\/p>\n","protected":false},"author":1,"featured_media":38923,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[1],"tags":[2724,56,1650,71,476],"class_list":["post-44622","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uk_isp_news","tag-annual-accounts","tag-fttp","tag-voneus","tag-wales","tag-wifi"],"share_on_mastodon":{"url":"https:\/\/mastodon.social\/@ispreview\/116000572878290139","error":""},"yoast_head":"\nBroadband ISP Voneus See UK Turnover Rise to \u00a36.33m as Losses Hit \u00a338m - ISPreview UK<\/title>\n<meta name=\"description\" content=\"Alternative rural network provider Voneus, which has built a mix of full fibre (FTTP) and wireless (FWA) broadband networks across some remote parts of\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ispreview.co.uk\/index.php\/2026\/02\/broadband-isp-voneus-see-uk-turnover-rise-to-6-33m-as-losses-hit-38m.html\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Broadband ISP Voneus See UK Turnover Rise to \u00a36.33m as Losses Hit \u00a338m - 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