INMARSAT NAVIGATION VENTURES LIMITED
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Cash
—
Latest balance sheet
Net assets
£8m
USD 10,800,000
Equity attributable
Employees
—
Average over period
Profit before tax
£818k
USD 1,100,000
Period ending 2025-03-31
Net assets
3-year trend · vs Telecommunications median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-03-31
| Metric | Trend | 2022-12-31 | 2023-12-31 | 2025-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £7,134,894 | £7,729,469 | £7,729,469 | — | |
| Operating profit | £297,287 | £520,253 | £297,287 | — | |
| Profit before tax | £594,575 | £817,540 | £817,540 | — | |
| Net profit | £445,931 | £594,575 | £668,896 | — | |
| Cash | — | — | — | — | |
| Total assets less current liabilities | £8,695,652 | £9,438,870 | — | — | |
| Net assets | £7,655,147 | £8,249,721 | £8,026,756 | — | |
| Equity | £7,655,147 | £8,249,721 | £8,026,756 | — | |
| Average employees | — | — | — | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | — | — | — | — |
Figures converted to GBP from USD at 0.743 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. Year-on-year comparison hidden: this filing covers about 15 months versus 12 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2022-12-31 | 2023-12-31 | 2025-03-31 |
|---|---|---|---|---|
| Operating margin | 4.2% | 6.7% | 3.8% | |
| Net margin | 6.3% | 7.7% | 8.7% | |
| Return on capital employed | 3.4% | 5.5% | — | |
| Gearing (liabilities / total assets) | 86.2% | 87.5% | 89.1% | |
| Current ratio | 0.09x | 0.45x | 0.08x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- INMARSAT NAVIGATION VENTURES LIMITED 2006-11-21 → present
- GALILEO VENTURES LIMITED 2003-08-07 → 2006-11-21
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The basis of preparation for the Company is dependent on the Group not seeking repayment of amounts currently due to parent/other members, and providing additional financial support during the period where required, as group cash flow forecasts indicate sufficient funds to meet liabilities for at least 12 months from approval date.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HORROCKS, Alison Claire | Secretary | 2003-08-07 | — | British |
| HORROCKS, Alison Claire | Director | 2004-07-30 | May 1962 | British |
| SMITH, Jason Stewart | Director | 2023-11-30 | Aug 1968 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CONWAY, Alison Charlotte | Director | 2021-04-28 | 2023-11-30 |
| KHADEM, Ramin, Dr | Director | 2003-08-07 | 2004-07-30 |
| MCDOUGAL, Patrick Joseph | Director | 2007-01-30 | 2008-06-23 |
| MEDLOCK, Charles Richard Kenneth | Director | 2004-09-27 | 2013-12-31 |
| PEARCE, Rupert Edward | Director | 2012-01-01 | 2021-02-26 |
| PINTO, Ruy Jose Carvalho | Director | 2008-06-23 | 2016-10-17 |
| STOREY, Michael Gerald | Director | 2003-08-07 | 2004-03-05 |
| SUKAWATY, Andrew John | Director | 2004-03-05 | 2016-10-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Inmarsat New Ventures Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-11-19 | Active |
| Inmarsat Ventures Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Ceased 2018-11-19 |
Filing timeline
Last 20 of 83 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-23 | AA | accounts | Accounts with accounts type full | |
| 2026-06-02 | DISS40 | gazette | Gazette filings brought up to date | |
| 2026-05-26 | GAZ1 | gazette | Gazette notice compulsory | |
| 2025-12-18 | CH01 | officers | Change person director company with change date | |
| 2025-08-14 | AA01 | accounts | Change account reference date company previous extended | |
| 2025-08-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-18 | AA | accounts | Accounts with accounts type full | |
| 2024-08-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-19 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-12-04 | AP01 | officers | Appoint person director company with name date | |
| 2023-12-01 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-10 | AA | accounts | Accounts with accounts type full | |
| 2023-08-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-29 | AA | accounts | Accounts with accounts type full | |
| 2022-08-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-02 | AA | accounts | Accounts with accounts type full | |
| 2021-08-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-05-01 | AP01 | officers | Appoint person director company with name date | |
| 2021-03-01 | TM01 | officers | Termination director company with name termination date | |
| 2020-09-21 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.