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 Ratings3.5

Latest Updates

Employees (est.) (Sept 2020)302(+4%)
Revenue (FY, 2018)£9 M(+22%)
Cybersecurity ratingDMore

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
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Gigaclear Office Locations

Gigaclear has an office in Abingdon
Abingdon, GB (HQ)
Building One, Wyndyke Furlong
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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

3 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
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Gigaclear Revenue

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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)
GBPFY, 2011

Financial Leverage

-1.9 x
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Gigaclear Operating Metrics

Dec, 2016Nov, 2017

Countries

16

Households Connected

30 k52 k
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Gigaclear Cybersecurity Score

Cybersecurity ratingPremium dataset

D

69/100

SecurityScorecard logo

Gigaclear Online and Social Media Presence

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Gigaclear Blogs

How to Boost Your Internet Speed with these 5 Fast Fixes

  We know all too well how frustrating slow internet speeds can be. You’ve finally settled down on the sofa after a long day at work, ready to catch up on your favourite shows and you’re met with the dreaded buffering circle. How annoying.

What are the Top 5 Causes of Slow Internet?

  It was working fine last night, so why is the internet so slow in your house today? It’s a nightmare for everyone, no matter what they’re using the internet for. You might be staring at a never-ending buffering circle when trying to watch a film or the kids can’t do their homework bec…

What is a Good Internet Speed for Home?

The family is always pestering you for faster internet so they can game, stream music and binge-watch without interruption. But when it comes to finding broadband to suit everyone, how are you supposed to know what good internet speed for home use actually are? 40Mbps is recommended for …

Is Full Fibre Optic Broadband More Reliable Than Copper?

  Sick and tired of your copper broadband being unreliable and slow? Well, there are various other options that you can opt to side with as a replacement. One of the most popular ones in recent times is full fibre optic broadband.

Statement from Gigaclear CEO Mike Surrey on Devon and Somerset full fibre rollout

On behalf of Gigaclear plc, I would like to apologise for the delays in delivering a full fibre network across […]

Rural Broadband Solutions that Actually Work

From slow speeds to patchy connectivity, rural areas are notorious for poor broadband. A 2017 Ofcom survey found that in the UK, the average broadband speed in rural areas is just a little over half of the speeds in urban areas. It’s even worse in the most remote areas as according to a …
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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 302 employees.

  • What is Gigaclear revenue?

    Latest Gigaclear annual revenue is £9 m.

  • What is Gigaclear revenue per employee?

    Latest Gigaclear revenue per employee is £29.7 k.

  • Who are Gigaclear competitors?

    Competitors of Gigaclear include BT, Mobinnet and Batelco.

  • Where is Gigaclear headquarters?

    Gigaclear headquarters is located at Building One, Wyndyke Furlong, Abingdon.

  • Where are Gigaclear offices?

    Gigaclear has an office in Abingdon.

  • How many offices does Gigaclear have?

    Gigaclear has 1 office.