TERRASTAR GNSS LIMITED
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Cash
£9.2m
+109.6% highest in 3 filed years
Net assets
£11m
+1.1% highest in 3 filed years
Employees
0
Average over period
Profit before tax
-£988k
-144.4% lowest in 3 filed years
Net assets
3-year trend · vs Telecommunications median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £9,223,606 | £10,321,391 | £10,530,150 | +2% | |
| Operating profit | £2,565,299 | £2,066,996 | £2,782,220 | +34.6% | |
| Profit before tax | £2,540,996 | £2,228,397 | -£988,309 | -144.4% | |
| Net profit | £2,604,246 | £2,397,727 | £121,859 | -94.9% | |
| Cash | £623,699 | £4,401,752 | £9,225,138 | +109.6% | |
| Total assets less current liabilities | £8,740,684 | £11,138,411 | — | — | |
| Net assets | £8,740,684 | £11,138,411 | £11,260,270 | +1.1% | |
| Equity | £8,740,684 | £11,138,411 | £11,260,270 | +1.1% | |
| Average employees | 0 | 0 | 0 | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | — | £0 | £0 | — |
Values shown as filed in the company's annual accounts. — 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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 27.8% | 20.0% | 26.4% | |
| Net margin | 28.2% | 23.2% | 1.2% | |
| Return on capital employed | 29.3% | 18.6% | — | |
| Gearing (liabilities / total assets) | 11.5% | 3.5% | 4.0% | |
| Current ratio | 1.25x | 13.33x | 21.36x |
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.
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- AAB Audit & Accountancy Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have, at the time of approving the financial statements, a reasonable expectation that the Company has adequate resources to continue in operational existence for at least 12 months from the date of these financial statements. The financial statements are prepared under the going concern basis of accounting as detailed in note 1 to the financial statements.”
Significant events
- “The company had no material post balance sheet events.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MARTIN, Cecille | Secretary | 2025-07-10 | — | — |
| MORTON, Grant George Wilson, Mr. | Director | 2022-08-01 | Oct 1965 | British |
| TURNER, Richard Michael | Director | 2017-06-07 | Jul 1972 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HUTCHINSON, Sally | Director | 2013-01-11 | 2017-06-08 |
| JOHNSON, Robert Martin | Director | 2017-06-07 | 2022-07-31 |
| MILNE, Philip Macdonell | Director | 2013-01-11 | 2017-06-08 |
| STEEDMAN, Walter Russell | Director | 2013-01-11 | 2014-09-09 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Veripos Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-07-14 | Active |
| Hexagon Positioning Intelligence Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors, Significant influence (as firm) | 2016-06-01 | Ceased 2023-01-20 |
Filing timeline
Last 20 of 45 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-03 | AA | accounts | Accounts with accounts type full | |
| 2026-01-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-15 | AA | accounts | Accounts with accounts type full | |
| 2025-07-14 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-01-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-28 | AA | accounts | Accounts with accounts type full | |
| 2024-01-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-07-06 | AA | accounts | Accounts with accounts type full | |
| 2023-01-21 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-01-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-11 | CH01 | officers | Change person director company with change date | |
| 2022-08-03 | AP01 | officers | Appoint person director company with name date | |
| 2022-08-01 | TM01 | officers | Termination director company with name termination date | |
| 2022-05-13 | AA | accounts | Accounts with accounts type full | |
| 2022-01-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-05-17 | AA | accounts | Accounts with accounts type full | |
| 2021-01-06 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2021-01-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-07-13 | AA | accounts | Accounts with accounts type full | |
| 2020-01-20 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.