Gigaclear

The UK's fastest broadband for rural England Gigaclear builds and operates pure fibre-to-the-premises, gigabit, symmetric, broadband access networks for rural homes and businesses across England. With 25 networks live and a further 30 in construction in Q1 2015, Gigaclear is growing rapidly. Gigaclear delivers a brand new network that connects your home or business to the Internet at the speed of light. With speeds up to 1,000Mbs for uploads and downloads available today, everyone connected can access all their favourite services to communicate, work and play, all at the same time. Gigaclear delivers incredibly fast, and reliable broadband access, everyone connected to the network has the same level of service regardless of 'distance from the cabinet' or weather conditions.
Company Growth (employees)
Type
Private
HQ
Abingdon, GB
Founded
2010
Size (employees)
122 (est)+4%
Gigaclear was founded in 2010 and is headquartered in Abingdon, GB

Gigaclear Office Locations

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

Gigaclear Data and Metrics

Summary Metrics

Founding Date

2010

Total Funding

$111 m

Latest funding size

$111 m

Time since last funding

3 months
Gigaclear's latest funding round in May 2017 was reported to be $111 m. In total, Gigaclear has raised $111 m

Gigaclear Financial Metrics

Gigaclear's revenue was reported to be £3.5 m in FY, 2016 which is a 158% increase from the previous period.
GBP

Revenue (FY, 2016)

3.5 m

Revenue growth (FY, 2015 - FY, 2016), %

158%

Gross profit (FY, 2016)

1.6 m

Gross profit margin (FY, 2016), %

44%

Net income (FY, 2016)

(10.7 m)

Cash (31-Dec-2016)

21.1 m
GBPFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

421 k607 k1.4 m3.5 m

Revenue growth, %

44%126%158%

Cost of goods sold

467 k369 k760 k2 m

Gross profit

(46 k)238 k609 k1.6 m

Gross profit Margin, %

(11%)39%44%44%

Operating expense total

1.6 m3.1 m6.7 m12.4 m

Pre tax profit

(3.3 m)(6 m)(10.8 m)

Net Income

(3.3 m)(6 m)(10.7 m)
GBPFY, 2014FY, 2015FY, 2016

Cash

5.5 m17.4 m21.1 m

Accounts Receivable

108 k165 k1.2 m

Current Assets

6 m19.2 m22.5 m

PP&E

5.6 m19.6 m53.2 m

Goodwill

143 k314 k

Total Assets

11.7 m39.1 m75.7 m

Accounts Payable

616 k1.6 m1 m

Current Liabilities

1.1 m2.7 m2.8 m

Total Liabilities

1.2 m2.8 m25.6 m

Retained Earnings

(3.3 m)(6 m)(10.7 m)

Total Equity

10.5 m36.3 m50.1 m

Financial Leverage

1.1 x1.1 x1.5 x
GBPFY, 2014FY, 2015FY, 2016

Cash From Operating Activities

(2.6 m)(4.7 m)(6.3 m)

Cash From Financing Activities

11.4 m31.5 m46 m

Income Taxes Paid

7 k23 k63 k
GBPY, 2016

Revenue/Employee

45.2 k

Financial Leverage

1.5 x

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