Gloucester based civil engineering firm Complete Utilities, which has been working with UK ISP Gigaclear to help build Fibre-to-the-Premises broadband networks, has ceased trading, according to reports.
Only last year Complete Utilities was listed in the London Stock Exchange Group’s annual ‘1000 Companies to Inspire Britain’ report, which identifies the UK’s most dynamic and fastest-growing small and medium sized enterprises (SMEs).
One of Complete Utilities biggest clients was Gigaclear, with which it signed a £90 million contract in 2017 to support the Oxfordshire ISP’s rollout of full fibre services to 70,000 homes across rural parts of Gloucestershire and Herefordshire. Gigaclear had worked with Complete Utilities on a number of major projects, including the earlier phase via the joint Fastershire scheme in Gloucestershire and Herefordshire that is supported by the local authority and Government’s Broadband Delivery UK programme.
Based at Overton Farm, Maisemore, Gloucester, Complete Utilities employed around 200 people. For the year ended July 31, the company reported a drop in turnover from more than £34 million to under £30 million and ongoing restrictions due to the pandemic made trading activities difficult. Profits fell from nearly £3 million to under £700,000.