MMD COMMUNICATIONS LTD
Company number NI070158 · Monitor this company
Executive summary
MMD Communications was a top-performing regional O2 franchisee, generating £21.8M of turnover at a 36% gross margin and an operating margin of roughly 16% in its final full trading year, backed by an unusually strong, low-geared balance sheet. The accounts state that the franchisor terminated the franchise agreements on 31 March 2024, after which the company ceased trading and recorded a £12.7M wind-down loss, yet it remains solvent with £6.3M of net assets and £3.5M of cash. Its trajectory illustrates the franchisor-concentration risk inherent in the UK mobile dealer model, though its balance-sheet strength sets it apart from the sector's more common insolvency endings.
Shareholders' funds
£6,286,176
Balance sheet as at 2025-01-31
What it does
The principal activity of the company was the operation of several O2 Franchises in the telecommunications market across Northern Ireland and Scotland. The franchise agreements operated by the company where terminated by the franchisor on 31 March 2024 and the company has ceased to trade at that date.
The company's own description, from its latest filed accounts.
Overview
- Company type
- Private Limited Company
- Incorporated
- 2008-08-11
- Employees
- 5 (2025 accounts · was 90 in 2024)
- Registered office
- 191 Battery Road, Moortown, Coagh, County Tyrone, Northern Ireland, BT80 0HY
- Postcode
- BT80 0HY
- Capital
- 2 GBP
- Accounts category
- Medium
- Charges
- 0 outstanding
Accounts
- Last made up to
- 2025-01-31
- Next due by
- 2027-01-31
- Financial year end
- 31 January
Confirmation statement
- Last statement dated
- 2026-07-09
- Next due by
- 2027-07-23
Nature of business (SIC)
- 61900 Other telecommunications activities
Officers 3 current · 5 resigned
Group structure 1 subsidiary
-
DEV RETAIL LTD Dissolved
From persons-with-significant-control filings on the public register.
Contact details
- Website
- mmdcommunications.co.uk
- Phone
- 03300040202, 02887729633, 02891454261
MMD Communications Ltd is a franchise of O2 (Telefónica UK Limited) with 18 stores & a business centre serving customers across Northern Ireland & Scotland
Previous company names
| Name | Date changed |
|---|---|
| HEATHERLEA DEVELOPMENTS LIMITED | 2008-12-11 |
Among its peers
Top 5%
by shareholders' funds, of 74 similar companies in BT
Among the oldest 25% of its local peers, trading since 2008.
No.1 of the largest other telecommunications activities companies in Belfast →
Competitors Belfast
This company ranks 1 among other telecommunications activities in Belfast.
The class of 2008
18%
of the 888 companies in this sector incorporated in 2008 are still active today; 80% have since been dissolved.
A fact about the year, not a forecast for this company.