NATS LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-01-29 (in 8mo)
Last made up 2026-01-15
Watchouts
None on the register
Cash
£8M
+192.3% vs 2024
Net assets
£252M
-0.6% vs 2024
Employees
4,442
+5.6% vs 2024
Profit before tax
£175M
+8,242.9% vs 2024
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £520,400,000 | £568,000,000 | |
| Operating profit | £0 | £0 | |
| Profit before tax | £2,100,000 | £175,200,000 | |
| Net profit | £1,800,000 | £175,200,000 | |
| Cash | £2,600,000 | £7,600,000 | |
| Total assets less current liabilities | £256,000,000 | £255,700,000 | |
| Net assets | £253,100,000 | £251,700,000 | |
| Equity | £253,100,000 | £251,700,000 | |
| Average employees | 4,206 | 4,442 | |
| Wages | £381,300,000 | £412,200,000 | |
| 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. About these numbers
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+9.1%
£520,400,000 £568,000,000
-
Cash
+192.3%
£2,600,000 £7,600,000
-
Net assets
-0.6%
£253,100,000 £251,700,000
-
Employees
+5.6%
4,206 4,442
-
Profit before tax
+8,242.9%
£2,100,000 £175,200,000
-
Wages
+8.1%
£381,300,000 £412,200,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | 0.0% | 0.0% | |
| Net margin | 0.3% | 30.8% | |
| Return on capital employed | 0.0% | 0.0% | |
| Gearing (liabilities / total assets) | 18.5% | 21.0% | |
| Current ratio | 1.16x | 1.13x |
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
“The directors have formed a judgement that taking into account the financial resources available to the company and the financial position and prospects of the subsidiaries, it has adequate resources to continue to operate until at least 30 June 2026 (the formal going concern position adopted by the Directors) and have therefore adopted the going concern basis in the preparation of the financial statements for the year ended 31 March 2025.”
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
- “At completion of the Public Private Partnership transaction on 26 July 2001, transfer schemes hived down the operating assets and liabilities of NATS Limited to NERL and NATS Services.”
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 176 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 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 | |
| 2019-10-09 | AP01 | officers | Appoint person director company with name 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.