AVANTI HYLAS 2 LIMITED

• ◆

  Material uncertainty over going concern

  There can, however, be no certainty that the SSF maturity is successfully extended to beyond the forecast period or that if the forecasts are not substantially achieved, additional financial support from the shareholder is made available. In that unlikely scenario, there can be no certainty of alternative sources of financing being found, and this represents a material uncertainty over the Group's ability to continue as a going concern.

• ·

  Going-concern uncertainty disclosed

• ·

  Negative shareholders' funds

Figures converted to GBP from USD at 0.743 per USD (Frankfurter spot rate) — hover any figure for the original. — 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

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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

1. AVANTI HYLAS 2 LIMITED 2009-12-08 → present
2. AVANTI INDIGO LIMITED 2009-11-11 → 2009-12-08

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

HaysMac LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“There can, however, be no certainty that the SSF maturity is successfully extended to beyond the forecast period or that if the forecasts are not substantially achieved, additional financial support from the shareholder is made available. In that unlikely scenario, there can be no certainty of alternative sources of financing being found, and this represents a material uncertainty over the Group's ability to continue as a going concern.”

Group structure

1. AVANTI HYLAS 2 LIMITED · parent
   1. Avanti HYLAS 2 Cyprus Limited 100% · Cyprus · Satellite broadband services
   2. Avanti Communications Kenya Limited 99% · Kenya · Sales and marketing services
   3. Avanti HYLAS Services Limited 100% · Cyprus · Dormant
   4. Avanti Communications South Africa (Pty) Limited 100% · South Africa · Sales, marketing and ground earth station services
   5. Cyberdine Secure Internet Proprietary Limited 70% · South Africa · Ground earth station services
   6. Avanti HYLAS 2 Launch Services Limited 100% · Isle of Man · Dormant
   7. Avanti Communications Senegal SUARL 100% · Senegal · Ground earth station services

Significant events

• “On 2 April 2024 the holders of the Super Senior Facility ("SSI") exercised a call option over the equity shares in the Group, resulting in the acquisition of 100% of the shares of Plate Newco 3 Limited by Plate New Topco Limited.”
• “On 24 October 2024, the Company acquired 100% of the issued share capital of Avanti Communications Senegal SUARL, an entity previously wholly owned by Avanti Communications Africa Infrastructure 1 Limited.”

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

Filings

5

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.