NATS (SERVICES) LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-01-04 (in 8mo)
Last made up 2025-12-21
Watchouts
None on the register
Cash
£75M
+15.8% vs 2024
Net assets
£117M
-9.7% vs 2024
Employees
893
+3.5% vs 2024
Profit before tax
£10M
+149.8% 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 | £200,100,000 | £212,300,000 | |
| Operating profit | -£700,000 | £6,000,000 | |
| Profit before tax | -£20,500,000 | £10,200,000 | |
| Net profit | -£18,400,000 | £6,200,000 | |
| Cash | £65,100,000 | £75,400,000 | |
| Total assets less current liabilities | £151,800,000 | £143,600,000 | |
| Net assets | £129,200,000 | £116,700,000 | |
| Equity | £129,200,000 | £116,700,000 | |
| Average employees | 863 | 893 | |
| Wages | £79,600,000 | £84,600,000 | |
| Directors' remuneration | £409,000 | £460,000 |
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
+6.1%
£200,100,000 £212,300,000
-
Cash
+15.8%
£65,100,000 £75,400,000
-
Net assets
-9.7%
£129,200,000 £116,700,000
-
Employees
+3.5%
863 893
-
Operating profit
+957.1%
-£700,000 £6,000,000
-
Profit before tax
+149.8%
-£20,500,000 £10,200,000
-
Wages
+6.3%
£79,600,000 £84,600,000
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 | -0.3% | 2.8% | |
| Net margin | -9.2% | 2.9% | |
| Return on capital employed | -0.5% | 4.2% | |
| Gearing (liabilities / total assets) | 36.8% | 39.0% | |
| Current ratio | 2.32x | 2.39x | |
| Interest cover | -3.50x | 30.00x |
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 (SERVICES) LIMITED 2001-02-01 → present
- 3217TH SINGLE MEMBER SHELF TRADING COMPANY LIMITED 2000-12-21 → 2001-02-01
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- EY LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have assessed that the company has adequate resources to continue to operate for a period of at least 12 months from the date of approval of the financial statements, and have therefore adopted the going concern basis in the preparation of the financial statements.”
Group structure
- NATS (SERVICES) LIMITED · parent
- NATS Solutions Limited 100%
- NATSNav Limited 100%
- National Air Traffic Services Limited 100%
- NATS Services (Asia Pacific) Pte. Limited 100%
- NATS Services DMCC 100%
- NATS Services (Hong Kong) Limited 100%
- NATS (USA) Inc. 100%
- NATS (Services) Canada Inc. 100%
Significant events
- “For the year to March 2025, traffic grew by 3% from the prior year to 1.7m movements (2024: 1.6m movements) at the UK Airports for which we provide an ATC service.”
- “We have been actively engaged several trials within the UK Research and Innovation's Future Flight Challenge programme aimed at accelerating the integration, at scale, of drones and eVTOLs into existing UK and international operations.”
- “Project CAELUS brought together 16 consortium partners to deliver the UK's first national drone network equipped to transport essential medical supplies to both urban and rural communities across Scotland.”
- “This year we secured forward orders worth £267m from new contracts and renewals.”
- “Our agreement with Birmingham Airport on a 10-year contract to provide ATC and engineering services.”
- “Belfast City and Bristol airports agreed to renew their contracts.”
- “Airport Authority Hong Kong (AAHK) agreed an extension to our commitment to provide world class controllers to Hong Kong International Airport until 2029.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 23 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 | 2015-05-18 | Aug 1972 | British |
Show 23 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| PICTON, Andrew Julian Howard | Secretary | 2001-02-01 | 2015-07-01 |
| SISEC LIMITED | Corporate Nominee Secretary | 2000-12-21 | 2001-02-01 |
| ADAMS, Guy Anthony | Director | 2016-02-01 | 2025-03-31 |
| BARRON, Paul Stuart | Director | 2004-06-18 | 2010-03-31 |
| BERNSTEIN, Daniel Lipman | Director | 2001-10-30 | 2007-12-31 |
| BORTHWICK, Alistair John | Director | 2019-10-03 | 2025-12-31 |
| CHISHOLM, Colin Denis King | Director | 2001-02-01 | 2005-04-01 |
| 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 |
| FOTHERBY, Nigel Terence Chell | Director | 2001-07-26 | 2019-06-30 |
| GIBSON SMITH, Christopher Shaw, Dr | Director | 2001-09-01 | 2005-08-31 |
| HALL, Ian Robert | Director | 2006-02-23 | 2008-10-01 |
| HOSKINS, Lawrence Anthony | Director | 2006-02-23 | 2010-04-30 |
| HUMPHREYS, Barry Keith | Director | 2004-07-20 | 2008-11-27 |
| HUMPHREYS, Barry Keith | Director | 2001-07-26 | 2001-11-26 |
| MAIZEY, Drusilla | Director | 2001-07-26 | 2002-09-24 |
| MASON, Catherine Lois | Director | 2014-05-29 | 2016-03-31 |
| REID, Paul William | Director | 2010-05-27 | 2013-12-06 |
| STEVENS, Derek Maurice | Director | 2004-02-24 | 2008-09-30 |
| TURNER, Nigel Owen | Director | 2001-07-26 | 2003-12-10 |
| LOVITING LIMITED | Corporate Nominee Director | 2000-12-21 | 2001-02-01 |
| SERJEANTS' INN NOMINEES LIMITED | Corporate Nominee Director | 2000-12-21 | 2001-02-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Nats Limited | Corporate entity | Shares 75–100% | 2017-02-01 | Active |
Filing timeline
Last 20 of 121 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-09 | 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 | |
| 2025-03-31 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-05 | AA | accounts | Accounts with accounts type full | |
| 2024-01-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-12-05 | SH01 | capital | Capital allotment shares | |
| 2023-08-04 | AA | accounts | Accounts with accounts type full | |
| 2023-01-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-19 | AA | accounts | Accounts with accounts type full | |
| 2022-06-08 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2022-06-08 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2022-01-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-07-30 | AA | accounts | Accounts with accounts type full | |
| 2020-12-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-11-02 | AA | accounts | Accounts with accounts type full | |
| 2020-01-13 | 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.