AVANTI SPACE 3 LIMITED

• ◆

  Material uncertainty over going concern

  there can be no certainty that the SSF maturity is successfully extended to beyond the forecast period or that if the forecasts are not substantially achieved, additional financial support from the shareholder is made available. In that unlikely scenario, there can be no certainty of alternative sources of financing being found, and this represents a material uncertainty over the Group's ability to continue as a going concern.

• ·

  Going-concern uncertainty disclosed

• ·

  Negative shareholders' funds

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 —. About these numbers

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.

1. AVANTI SPACE 3 LIMITED 2007-05-17 → present
2. OVAL (2144) LIMITED 2007-03-01 → 2007-05-17
3. AVANTI COMMUNICATIONS GROUP LIMITED 2006-12-06 → 2007-03-01

Accounting basis

FRS 101

Auditor

HaysMac LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“there can be no certainty that the SSF maturity is successfully extended to beyond the forecast period or that if the forecasts are not substantially achieved, additional financial support from the shareholder is made available. In that unlikely scenario, there can be no certainty of alternative sources of financing being found, and this represents a material uncertainty over the Group's ability to continue as a going concern.”

Significant events

• “In December 2024, the Company entered into a binding Asset Purchase Agreement with Airbus Defence & Space to purchase the EDRS-C satellite.”
• “On 28 April 2026, Avanti Space 3 Limited signed an Asset Purchase Agreement for the sale of the EDRS-C satellite and HYLAS 3 payload on-board with Sky Perfect JSAT Corporation. The transaction is subject to certain regulatory closing steps and is expected to complete in early 2027.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.