OverviewSuggest Edit

Gigaclear operates pure fiber broadband networks in the UK. The Company provides ultrafast broadband to homes and businesses in rural communities.

TypePrivate
Founded2010
HQAbingdon, GB
Websitegigaclear.com
Employee Ratings3.6

Latest Updates

Employees (est.) (Oct 2019)250(+6%)
Revenue (FY, 2018)£9 M(+22%)

Key People/Management at Gigaclear

Matthew Hare

Matthew Hare

CEO
David Smyth

David Smyth

CFO
Charl Tintinger

Charl Tintinger

CTO
Brett Shepherd

Brett Shepherd

COO
Joe Frost

Joe Frost

Director of Business Development
Show more

Gigaclear Office Locations

Gigaclear has an office in Abingdon
Abingdon, GB (HQ)
Windrush Court Blacklands Way
Show all (1)

Gigaclear Financials and Metrics

Summary Metrics

Founding Date

2010

Gigaclear total Funding

$171.3 m

Gigaclear latest funding size

$144.11 m

Time since last funding

2 years ago

Gigaclear investors

Gigaclear's latest funding round in May 2017 was reported to be $144.1 m. In total, Gigaclear has raised $171.3 m
Show all financial metrics

Gigaclear Revenue

Embed Graph
View revenue for all periods
Gigaclear's revenue was reported to be £8.98 m in FY, 2018
GBP

Revenue (FY, 2018)

9.0m

Gross profit (FY, 2018)

6.5m

Gross profit margin (FY, 2018), %

72.9%

Net income (FY, 2018)

(27.4m)

EBITDA (FY, 2018)

(20.0m)

EBIT (FY, 2018)

(26.7m)

Cash (31-Dec-2018)

5.8m
GBPFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

153.5k335.7k421.0k607.0k1.4m3.5m7.4m9.0m

Revenue growth, %

119%25%44%126%158%

Cost of goods sold

160.0k268.5k467.0k369.0k760.0k2.0m3.6m2.4m

Gross profit

(6.5k)67.1k(46.0k)238.0k609.0k1.6m3.8m6.5m
GBPFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

48.2k631.3k1.0m5.5m17.4m21.1m36.3m5.8m

Accounts Receivable

41.4k12.6k36.0k108.0k165.0k59.0k140.0k224.0k

Inventories

6.0k52.0k238.0k161.0k246.0k436.0k

Current Assets

96.6k711.0k1.2m6.0m19.2m22.5m38.5m8.9m
GBPFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(272.6k)(628.4k)(1.6m)(3.3m)(6.0m)(10.7m)(13.7m)(27.4m)

Cash From Operating Activities

(955.0k)(2.6m)(4.7m)(6.3m)(6.7m)(8.1m)

Cash From Financing Activities

2.3m11.4m31.5m46.0m61.1m57.2m

Net Change in Cash

392.0k4.5m11.8m3.6m15.0m(30.5m)
GBPY, 2018

Revenue/Employee

49.7k

Financial Leverage

1.3 x
Show all financial metrics

Gigaclear Operating Metrics

Dec, 2016Nov, 2017

Countries

16

Households Connected

30 k52 k
Show all operating metrics

Gigaclear Online and Social Media Presence

Embed Graph

Gigaclear Blogs

What Affects Broadband Speed? 7 Problems Highlighted by a Broadband Engineer

Slow broadband speeds annoy everybody. Whether you’re trying to stream a movie, download an update on your games console or do a spot of internet shopping, slow internet speeds can be a real hindrance to your online experience. But what is it that’s causing your internet to be so slow?

Rural Broadband Internet: What are my Options?

  If you’re tired of missing out on the biggest boxsets thanks to slow internet speeds, then it’s time to look for an upgrade. Whether you’re trying to work from home or the kids want to play online games with their friends, you’ll need broadband that can cope.

Broadband for Rural Areas: Everything You Need to Know

Rural Britain. Breathtaking countrysides, quaint villages and terrible broadband. But why? Well, there are various reasons as to why the broadband is frankly rubbish in rural areas, but does it have to be like that?

How to Improve Broadband Speed in Rural Areas

If there’s one major drawback of living in the beautiful English countryside, it’s the patchy broadband which is usually much slower than in the cities. In fact, recent stats from Ofcom found that rural areas in England are getting half the average broadband speed than urban areas (17.5M…

6 Top Tips on how to get Fast Internet in Rural Areas

In an ideal world, everyone would be able to stream videos without encountering the dreaded buffering wheel of absolute doom, switch seamlessly from webpage to webpage without seeing the “there is no internet connection” messages and whatever else is slowing you down. But life isn't fair…

Is There Anything You Can Do About Slow Rural Broadband?

Since it became widely available, broadband has been slower in rural areas than in towns and cities. Sometimes you only need to travel a short distance into the countryside to see internet speeds plummet. Stats from Ofcom found that urban areas of England enjoy an average speed of 35.3Mb…
Show more

Gigaclear Frequently Asked Questions

  • When was Gigaclear founded?

    Gigaclear was founded in 2010.

  • Who are Gigaclear key executives?

    Gigaclear's key executives are Matthew Hare, David Smyth and Charl Tintinger.

  • How many employees does Gigaclear have?

    Gigaclear has 250 employees.

  • What is Gigaclear revenue?

    Latest Gigaclear annual revenue is £9 m.

  • What is Gigaclear revenue per employee?

    Latest Gigaclear revenue per employee is £35.9 k.

  • Who are Gigaclear competitors?

    Competitors of Gigaclear include BT Group, Smart Communications and WideOpenWest.

  • Where is Gigaclear headquarters?

    Gigaclear headquarters is located at Windrush Court Blacklands Way, Abingdon.

  • Where are Gigaclear offices?

    Gigaclear has an office in Abingdon.

  • How many offices does Gigaclear have?

    Gigaclear has 1 office.