THALES ALENIA SPACE UK LIMITED
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Cash
£897K
-25.6% vs 2023
Net assets
-£78M
-37.3% vs 2023
Employees
212
-0.9% vs 2023
Profit before tax
-£23M
-202.7% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
2-year trend · vs Technology median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £48,759,000 | £38,341,000 | -21.4% | |
| Operating profit | — | — | — | |
| Profit before tax | -£7,451,000 | -£22,556,000 | -202.7% | |
| Net profit | -£7,748,000 | -£22,645,000 | -192.3% | |
| Cash | £1,206,000 | £897,000 | -25.6% | |
| Total assets less current liabilities | £23,219,000 | £12,038,000 | -48.2% | |
| Net assets | -£57,045,000 | -£78,302,000 | -37.3% | |
| Equity | -£57,045,000 | — | — | |
| Average employees | 214 | 212 | -0.9% | |
| Wages | £14,788,000 | £15,963,000 | +7.9% | |
| Directors' remuneration | £285,000 | £499,000 | +75.1% |
Values shown as filed in the company's annual accounts. — 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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Net margin | -15.9% | -59.1% | |
| Gearing (liabilities / total assets) | 191.8% | 231.5% |
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.
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“On the basis of all of this, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for 12 months from the approval of the balance sheet (the going concern period). On this basis the Directors consider it appropriate to prepare the financial statements on a going concern basis.”
Significant events
- “In mid-2024 Thales Alenia Space UK has significantly changed its strategy in the UK to address these challenges, announcing a specific focus on Space Propulsion & Refuelling, and creating offers for the UK Defence Market.”
- “A significant number of roles have been impacted in Thales Alenia Space UK and as well as compulsory redundancies all possible actions were taken to redeploy as many staff as possible. The restructuring also results in the closure of one of the office facilities based out of Bristol planned in 2025.”
- “One-off restructuring costs contained within the statement of income such as exiting lease arrangements, dilapidation costs, site moves and termination payments.”
- “MicroCarb: The assembly, integration and testing of the full satellite was completed in first quarter of 2024 and it has been shipped to France where our team will support a launch in mid-2025.”
- “Thales Alenia Space UK moved all Harwell staff into a new office on the Harwell campus where Thales Alenia Space UK are collocated in a building with the UK Space Agency.”
- “On 24 June 2025, TAS UK received £115m of additional share capital from its parent company, Thales Alenia Space SAS. This has strengthened the financial position of TAS UK.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 21 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BARLOW, Sonia Anna | Secretary | 2024-10-31 | — | — |
| MINELLA, Roberto | Director | 2024-04-01 | Jun 1966 | Italian |
| MURRAY, Steven George | Director | 2023-07-11 | Oct 1964 | British |
| SHAW, Christopher Benoit Waller | Director | 2023-09-25 | Oct 1974 | British |
| THORBURN, Richard Malcolm | Director | 2024-10-31 | Jun 1980 | British |
Show 21 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SEABROOK, Michael William Peter | Secretary | 2013-08-13 | 2024-10-31 |
| BAXTER, Robert Nathaniel | Director | 2021-11-17 | 2023-09-25 |
| BEATTY, Alexander David | Director | 2015-05-01 | 2019-06-05 |
| BROUGHTON, Marion Elizabeth | Director | 2015-01-05 | 2015-05-01 |
| CHAVEZ, Victor Manuel | Director | 2013-08-13 | 2020-04-30 |
| DURIEUX, Jean-Philippe | Director | 2013-08-13 | 2018-05-01 |
| GEE, Martin Stewart | Director | 2014-04-23 | 2014-11-07 |
| HAMMOND, Lawrence | Director | 2013-08-12 | 2013-08-13 |
| HENDRICKS, Lee | Director | 2020-04-30 | 2021-04-28 |
| HOMSY, Pascal | Director | 2019-06-05 | 2020-11-30 |
| LAURENT, Louis | Director | 2018-05-01 | 2021-01-12 |
| LE THUC, Remy Paul | Director | 2019-01-21 | 2019-06-05 |
| LITTLE, Avril Joy | Director | 2019-06-05 | 2022-09-12 |
| MAUREAU, Bertrand | Director | 2014-12-11 | 2019-01-02 |
| MEURAT, Alain | Director | 2017-10-02 | 2020-09-01 |
| OLIVIER, Benedict Andre Henri | Director | 2014-11-07 | 2019-01-31 |
| SERRE, Marc-Henri | Director | 2020-12-07 | 2021-01-12 |
| STANNILAND, Andrew Christopher | Director | 2019-09-23 | 2024-10-31 |
| TERRASSE, Emmanuel Henri | Director | 2020-09-14 | 2024-04-01 |
| TOWERS, Nigel Mark | Director | 2019-01-21 | 2021-01-12 |
| WALKER, Justin Mark | Director | 2013-08-13 | 2015-02-26 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Thales Alenia Space Sas | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors, Significant influence | 2016-04-06 | Active |
Filing timeline
Last 20 of 86 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-06-30 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-08-27 | AA | accounts | Accounts with accounts type full | |
| 2025-06-30 | RESOLUTIONS | resolution | Resolution | |
| 2025-06-24 | SH01 | capital | Capital allotment shares | |
| 2024-11-13 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-13 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-13 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-11-13 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-10-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-09 | AA | accounts | Accounts with accounts type full | |
| 2024-04-12 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-12 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-09 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-09 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-07 | AA | accounts | Accounts with accounts type full | |
| 2023-07-27 | AP01 | officers | Appoint person director company with name date | |
| 2022-10-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-06 | AA | accounts | Accounts with accounts type full | |
| 2022-09-20 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 1
- 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.