AVANTI SPACE 3 LIMITED

• ⚠

  Annual accounts overdue

  Due 2025-12-31.

• ⚠

  Material uncertainty over going concern

  We draw attention to note 1 to the financial statements, which indicates that the Company is reliant on its Group Parent Company for funding, and also not seeking repayment of the amounts due at year end, both of which are not guaranteed. The financial statements of the Group Parent Company included a material uncertainty related to going concern which may have a direct impact on the Group Parent Company's ability to provide the required financial support to the Company. As stated in note 1, these events or conditions indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern.

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

• Turnover

  +421.5%

  £275,099 → £1,434,552

• Cash

  —

  Not reported

• Net assets

  -46.6%

  -£519,548 → -£761,755

• Employees

  —

  Not reported

• Operating profit

  +55.2%

  -£518,801 → -£232,489

• Profit before tax

  +53.4%

  -£519,548 → -£242,207

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

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.

1. AVANTI SPACE 3 LIMITED 2007-05-17 → present
2. OVAL (2144) LIMITED 2007-03-01 → 2007-05-17
3. AVANTI COMMUNICATIONS GROUP LIMITED 2006-12-06 → 2007-03-01

Accounting basis

FRS 101 Reduced Disclosure Framework

Reporting scope

Standalone (parent only)

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to note 1 to the financial statements, which indicates that the Company is reliant on its Group Parent Company for funding, and also not seeking repayment of the amounts due at year end, both of which are not guaranteed. The financial statements of the Group Parent Company included a material uncertainty related to going concern which may have a direct impact on the Group Parent Company's ability to provide the required financial support to the Company. As stated in note 1, these events or conditions indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern.”

Significant events

• “On 2 April 2024, the Super Senior Facility holder exercised a call option over the equity shares in an intermediate holding company of the Group, Plate Newco 3 Limited, which resulted in the acquisition of 100% of the shares of Plate Newco 3 Limited by Plate New Topco Limited, a company wholly owned and controlled by the Super Senior Facility holder. As a result, the only Group debt provider is now also the 100% equity holder of the Group.”
• “On 13 April 2022 the Group, of which Avanti Space 3 Limited is a member, completed a capital restructuring, reducing its financial debt from $810 million to $260 million.”
• “On 2 April 2024, the Super Senior Facility holder exercised a call option over the equity shares in an intermediate holding company of the Group, Plate Newco 3 Limited, which resulted in the acquisition of 100% of the shares of Plate Newco 3 Limited by Plate New Topco Limited, a company wholly owned and controlled by the Super Senior Facility holder. As a result, the sole Group debt provider is now also the 100% equity holder of the Group.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.