NATS LIMITED
Operating as a wholly owned subsidiary of the public-private partnership NATS Holdings Limited, the company acts as an intermediate holding vehicle for the principal operating subsidiaries providing civilian air traffic control services across the UK and internationally.
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Cash
£8.1m
+6.6% highest in 3 filed years
Net assets
£256m
+1.7% highest in 3 filed years
Employees
4,633
+4.3% highest in 3 filed years
Profit before tax
£70m
-59.9% vs 2025
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £520,400,000 | £568,000,000 | £617,300,000 | +8.7% | |
| Operating profit | £0 | £0 | £0 | — | |
| Profit before tax | £2,100,000 | £175,200,000 | £70,300,000 | -59.9% | |
| Net profit | £1,800,000 | £175,200,000 | £70,200,000 | -59.9% | |
| Cash | £2,600,000 | £7,600,000 | £8,100,000 | +6.6% | |
| Total assets less current liabilities | £256,000,000 | £255,700,000 | £260,200,000 | +1.8% | |
| Net assets | £253,100,000 | £251,700,000 | £256,000,000 | +1.7% | |
| Equity | £253,100,000 | £251,700,000 | £256,000,000 | +1.7% | |
| Average employees | 4,206 | 4,442 | 4,633 | +4.3% | |
| Wages | £381,300,000 | £412,200,000 | £443,600,000 | +7.6% | |
| 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 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|
| Operating margin | 0.0% | 0.0% | 0.0% | |
| Net margin | 0.3% | 30.8% | 11.4% | |
| Return on capital employed | 0.0% | 0.0% | 0.0% | |
| Gearing (liabilities / total assets) | 18.5% | 21.0% | 23.2% | |
| Current ratio | 1.16x | 1.13x | 1.12x |
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
- NATS LIMITED 2006-04-06 → present
- NATIONAL AIR TRAFFIC SERVICES LIMITED 1996-01-31 → 2006-04-06
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- EY LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“On the basis of this assessment, the directors have a reasonable expectation that the company will be able to continue in operation and meet its liabilities falling due over the three-year period to June 2029.”
Group structure
- NATS LIMITED · parent
- NATS (En Route) plc 100%
- NATS (Services) Limited 100%
- NATS Solutions Limited 100%
- NATSNav Limited 100%
- National Air Traffic Services Limited 100%
- NATS Services (Asia Pacific) Pte. Limited 100%
- NATS Services (Canada) Inc 100%
- NATS Services DMCC 100%
- NATS Services (Hong Kong) Limited 100%
- NATS Services (India) LLP 100%
- NATS Services LLC (in liquidation) 70%
- NATS (USA) Inc. 100%
- Searidge Technologies Inc 100%
- Aquila Air Traffic Management Services Limited 50%
- European Satellite Services Provider SAS 17%
Significant events
- “On 21 May 2026, the Board approved an interim dividend for the year ending 31 March 2027 of 49.65 pence per share (totalling £70.0m). The dividend was paid on 28 May 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 36 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CHURCHILL-COLEMAN, Richard Paul | Secretary | 2008-04-01 | — | British |
| FRANKLIN, Gary Adam | Director | 2026-01-01 | Oct 1981 | British |
| ROLFE, Martin John | Director | 2012-03-29 | Aug 1972 | British |
Show 36 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BRITTON, Rupert John | Secretary | 1996-01-31 | 1996-04-01 |
| PICTON, Andrew Julian Howard | Secretary | 1996-04-01 | 2015-07-01 |
| ARGENT, Malcolm, Mr. | Director | 1996-04-01 | 1998-08-13 |
| BARRON, Paul Stuart | Director | 2004-06-18 | 2010-03-31 |
| BORTHWICK, Alistair John | Director | 2019-10-03 | 2025-12-31 |
| BRITTON, Rupert John | Director | 1996-02-01 | 1996-04-01 |
| CHISHOLM, Colin Denis King | Director | 2000-02-16 | 2005-04-01 |
| DAY, Rosemary | Director | 1997-07-23 | 2001-07-25 |
| DEAKIN, Richard Simon | Director | 2010-04-01 | 2015-05-18 |
| DEVANEY, John Francis | Director | 2005-07-01 | 2014-08-31 |
| EVERITT, Richard Leslie | Director | 2001-07-26 | 2004-06-18 |
| FIELD, Malcolm, Sir | Director | 1998-08-14 | 1999-04-30 |
| FOTHERBY, Nigel Terence Chell | Director | 1999-10-20 | 2019-06-30 |
| GIBSON SMITH, Christopher Shaw, Dr | Director | 2001-09-01 | 2005-08-31 |
| HALL, Ian Robert | Director | 2006-02-23 | 2011-03-24 |
| HARVEY, John David | Director | 1997-07-23 | 2001-07-25 |
| HERRON, Anthony Gavin | Director | 1996-10-07 | 2000-10-06 |
| HOSKINS, Lawrence Anthony | Director | 2006-02-23 | 2010-04-30 |
| HUMPHREYS, Barry Keith | Director | 2004-07-20 | 2008-11-27 |
| JENNER, Timothy Ivo, Air Vice Marshal | Director | 1996-04-01 | 1998-08-03 |
| JOHNSON, Peter Graham, Dr | Director | 1996-04-01 | 1999-10-20 |
| LYNCH, Roderick Robertson | Director | 1996-04-01 | 1999-06-11 |
| MAIZEY, Drusilla | Director | 2001-07-26 | 2002-09-24 |
| MASON, Catherine Lois | Director | 2014-05-29 | 2016-03-31 |
| MCBEATH, Andrew David | Director | 1997-07-23 | 1998-10-05 |
| MCLAUCHLAN, Derek | Director | 1996-04-01 | 1997-06-30 |
| MCNULTY, Robert William Roy, Sir | Director | 1999-05-01 | 2001-07-25 |
| MILLS, Ian Philip | Director | 2008-02-28 | 2011-09-22 |
| MOTTURE, Frederick Anthony Michael | Director | 1996-04-01 | 1998-10-05 |
| REID, Paul William | Director | 2012-05-31 | 2013-12-06 |
| SEMPLE, William Kerr | Director | 1996-01-31 | 2001-07-23 |
| STIRRUP, Graham Eric, Air Marshal | Director | 1998-08-04 | 2001-07-25 |
| STURT, Richard Harry Brooke | Director | 1996-04-01 | 1996-12-02 |
| TURNER, Nigel Owen | Director | 2001-07-26 | 2003-12-10 |
| WILLIAMS, Daniel Keith | Director | 1996-04-01 | 1997-06-30 |
| WILLIAMS, Keith Charles | Director | 1997-07-23 | 1998-10-05 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Nats Holdings Limited | Corporate entity | Shares 75–100% | 2017-02-01 | Active |
Filing timeline
Last 20 of 177 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-13 | AA | accounts | Accounts with accounts type full | |
| 2026-01-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-05 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-18 | AA | accounts | Accounts with accounts type full | |
| 2025-01-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-05 | AA | accounts | Accounts with accounts type full | |
| 2024-02-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-04 | AA | accounts | Accounts with accounts type full | |
| 2023-01-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-22 | AA | accounts | Accounts with accounts type full | |
| 2022-05-16 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2022-05-16 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2022-01-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-07-30 | AA | accounts | Accounts with accounts type full | |
| 2021-07-06 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2021-01-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-11-02 | AA | accounts | Accounts with accounts type full | |
| 2020-01-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-12-20 | CH03 | officers | Change person secretary company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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.