INMARSAT GLOBAL LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-12-08 (in 7mo)
Last made up 2025-11-24
Watchouts
None on the register
Cash
£514M
USD 687,500,000
Latest balance sheet
Net assets
£2B
USD 3,062,300,000
Equity attributable
Employees
859
Average over period
Profit before tax
£839M
USD 1,121,900,000
Period ending 2025-03-31
Net assets
2-year trend · vs Telecommunications median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2023-12-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £997,084,548 | £1,354,414,293 | |
| Operating profit | £225,536,368 | £470,509,083 | |
| Profit before tax | £509,381,775 | £838,678,328 | |
| Net profit | £382,148,464 | £635,493,758 | |
| Cash | £205,801,002 | £513,941,840 | |
| Total assets less current liabilities | £5,388,203,633 | £5,555,281,453 | |
| Net assets | £3,852,433,281 | £2,289,227,779 | |
| Equity | £3,852,433,281 | £2,289,227,779 | |
| Average employees | 957 | 859 | |
| Wages | £138,297,077 | £144,576,512 | |
| Directors' remuneration | £8,223,069 | £4,485,311 |
Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2023 → FY2025 · period ending 2025-03-31 vs 2023-12-31
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | 22.6% | 34.7% | |
| Net margin | 38.3% | 46.9% | |
| Return on capital employed | 4.2% | 8.5% | |
| Gearing (liabilities / total assets) | 45.2% | 63.2% | |
| Current ratio | 0.64x | 1.46x | |
| Interest cover | 3.24x | 3.68x |
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 2 times since incorporation
- INMARSAT GLOBAL LIMITED 2005-05-27 → present
- INMARSAT LTD 1999-04-26 → 2005-05-27
- INMARSAT TWO COMPANY 1998-11-24 → 1999-04-26
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for at least 12 months from the date of signing the period ending 31 March 2025 financial statements. Consequently, the Company continues to adopt the going concern basis in preparing the period ending 31 March 2025 financial statements.”
Group structure
- INMARSAT GLOBAL LIMITED · parent
- Inmarsat Leasing (Two) Limited 100%
- Inmarsat New Zealand Limited 64%
- Inmarsat Brasil Satélites LTDA 100%
- ISAT Global Xpress 000 0%
- Flysurfer Ecuador S.A. 0%
- Inmarsat Satellite Services S.R.L 0%
Significant events
- “In June 2025, the Company agreed to a binding term sheet with Ligado Networks (Ligado) and AST & Science, LLC to settle Inmarsat's opposition to Ligado's planned restructuring. Under the conditions set forth in the term sheet, the Company anticipates receiving $568 million from Ligado in fiscal year 2026, consisting of (i) a $420 million lump sum payment on 31 October, 2025, (ii) a $100 million lump sum payment on 31 March, 2026 and (iii) a resumption of quarterly payments of approximately $16 million, which started on 30 September, 2025, with an annual escalator of 3% for the life of the contract (through 2107).”
- “In June 2025, an interim dividend of $642.8m was approved and paid to the Company's immediate parent company, Inmarsat New Ventures Limited.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 24 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HORROCKS, Alison Claire | Secretary | 1999-03-17 | — | British |
| BLAIR, Robert James | Director | 2023-08-31 | May 1974 | American |
| DUFFY, Shawn Lynn | Director | 2023-08-31 | Feb 1970 | American |
| HORROCKS, Alison Claire | Director | 2009-07-09 | May 1962 | British |
| PALMER, Benjamin Edward | Director | 2023-08-31 | Aug 1971 | British |
| SMITH, Jason Stewart | Director | 2023-08-31 | Aug 1968 | British |
Show 24 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ROWE, Nicholas Leonard | Secretary | 1998-11-24 | 1999-03-17 |
| ACHA, Firton Macedo | Director | 1999-04-15 | 1999-09-28 |
| BATES, Antony Jeffrey | Director | 2014-06-02 | 2023-08-31 |
| BERGMAN OEGLAEND IVARSON HORNCASTLE, Britt Carina | Director | 1999-04-15 | 2003-06-06 |
| BUTLER, Michael John | Director | 2003-12-17 | 2009-04-30 |
| CHASIA, Henry, Dr | Director | 1999-04-15 | 2003-12-17 |
| COLLINS, Thomas | Director | 1999-04-15 | 2000-12-21 |
| CULPIN, Jean-Marie | Director | 1999-04-15 | 2001-03-14 |
| FRANCI, Michele | Director | 2013-08-08 | 2013-12-31 |
| GOYAL, Winoo | Director | 1999-04-15 | 2001-03-14 |
| HOEFSLOOT, Diedericus Sydney | Director | 1999-04-15 | 2003-12-17 |
| JUN, Byung-Sup | Director | 1999-04-15 | 2000-04-24 |
| KHADEM, Ramin, Dr | Director | 2003-12-17 | 2004-07-30 |
| KHADEM, Ramin, Dr | Director | 1998-11-24 | 1999-04-15 |
| KOIKE, Rikuo | Director | 1999-04-15 | 2001-03-19 |
| LIM, Wee Seng | Director | 2000-04-26 | 2001-03-14 |
| MEDLOCK, Charles Richard Kenneth | Director | 2004-09-27 | 2013-12-31 |
| PEARCE, Rupert Edward | Director | 2012-01-01 | 2021-02-26 |
| PERMUT, Philip Victor | Director | 1999-04-15 | 2003-12-17 |
| RORRIS, Georgios Panagiotou | Director | 1999-04-15 | 2001-03-14 |
| SCHECHTMAN, Artur | Director | 1999-11-09 | 2003-12-17 |
| STOREY, Michael Gerald | Director | 1999-10-01 | 2004-03-05 |
| SUKAWATY, Andrew John | Director | 2004-03-05 | 2017-07-03 |
| VOS, Charles Richard | Director | 1999-04-15 | 2003-12-17 |
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%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2018-11-19 |
Filing timeline
Last 20 of 178 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-04-12 CC04 Statement of companys objects
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-13 | AA | accounts | Accounts with accounts type full | |
| 2025-12-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-18 | CH01 | officers | Change person director company with change date | |
| 2025-10-20 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-08-14 | AA01 | accounts | Change account reference date company previous extended | |
| 2024-12-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-18 | AA | accounts | Accounts with accounts type full | |
| 2024-10-02 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-09-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-04-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-02-19 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-12-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-10 | AA | accounts | Accounts with accounts type full | |
| 2023-09-11 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-10 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-10 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-10 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-10 | TM01 | officers | Termination director company with name termination date | |
| 2023-04-12 | CC04 | change-of-constitution | Statement of companys objects | |
| 2022-11-29 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- 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.