NETWORK ACCESS ASSOCIATES LIMITED
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Cash
£20M
USD 26,400,000
Latest balance sheet
Net assets
-£2.3B
USD -3,035,100,000
Equity attributable
Employees
392
Average over period
Profit before tax
-£477M
USD -642,600,000
Period ending 2025-06-30
Net assets
2-year trend · vs Telecommunications median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-06-30
| Metric | Trend | 2024-06-30 | 2025-06-30 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £59,775,748 | £117,992,129 | — | |
| Operating profit | -£477,017,896 | -£411,450,212 | — | |
| Profit before tax | -£525,358,283 | -£477,166,407 | — | |
| Net profit | -£525,061,261 | -£477,166,407 | — | |
| Cash | £742,556 | £19,603,475 | — | |
| Total assets less current liabilities | -£1,610,083,909 | -£2,128,981,956 | — | |
| Net assets | -£1,776,490,681 | -£2,253,731,343 | — | |
| Equity | -£1,776,490,681 | -£2,253,731,343 | — | |
| Average employees | 415 | 392 | — | |
| Wages | £39,578,228 | £31,410,114 | — | |
| Directors' remuneration | — | — | — |
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 —. Year-on-year comparison hidden: this filing covers about 12 months versus 15 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-06-30 | 2025-06-30 |
|---|---|---|---|
| Return on capital employed | 29.6% | 19.3% | |
| Gearing (liabilities / total assets) | 259.7% | 315.0% | |
| Current ratio | 0.12x | 0.05x | |
| Interest cover | -9.70x | -6.12x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Audit opinion
- Unaudited (audit-exempt)
- Going concern
- Affirmed
“The directors have performed a going concern assessment which indicates that, taking account of reasonably possible downsides, the company will have sufficient funds, through funding from OneWeb Holdings Limited, to meet its liabilities as they fall due during the going concern assessment period.”
Group structure
- NETWORK ACCESS ASSOCIATES LIMITED · parent
- OneWeb Ltd (Malta) 100%
- OneWeb Network Access Holdings Ltd. (UK) 100%
- OneWeb S.r.l. 100%
- OneWeb Norway AS 100%
- OneWeb S.A 100%
- First Tech Web Company Limited 50%
- WorldVu, Unipessoal Lda 100%
- OneWeb ApS 100%
- WorldVu, Australia Pty Ltd 100%
- OneWeb G.K. 100%
- OneWeb Capacidade Satelital Ltda 100%
- WorldVu Satellites Limited 100%
- WorldVu Mexico S.de R.L. de C.V 100%
- OneWeb Chile SpA 100%
- OneWeb Senegal SARL 100%
- OneWeb Costa Rica Limitada 100%
- WorldVu South Africa (Pty) Ltd. 100%
- One Web Angola - Servicos de Telecomunicacoes (SU), LDA 100%
- OneWeb (Mauritius) Limited 100%
- OneWeb Colombia Limited S.A.S. 100%
- OneWeb Ghana Ltd 100%
- OneWeb France SAS 100%
- PT OneWeb Communications Indonesia 100%
- OneWeb Kazakhstan Ltd 100%
- OneWeb (Bulgaria) EOOD 100%
- OneWeb Sweden AB 100%
- OneWeb Turkey İletişim Hizmetleri A.Ş. 100%
Significant events
- “On 28 September 2023, Eutelsat completed the acquisition of OneWeb in an all-share transaction, creating a world leader in space-based telecommunications. The Company changed its year end from 31 March to 30 June to align with the new group.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 14 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LLOYD, Joseph Peter Ceri | Secretary | 2025-01-15 | — | — |
| LLOYD, Joseph Peter Ceri | Director | 2025-01-15 | Nov 1982 | British |
| MANDO, Fabio | Director | 2025-01-15 | Mar 1969 | Italian |
| ROUGE, Sébastien Thierry | Director | 2026-02-06 | Mar 1967 | French |
Show 14 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GUERERE, Kathleen | Secretary | 2016-08-01 | 2020-12-04 |
| KARIMBHAI, Sameer | Secretary | 2021-11-01 | 2025-01-15 |
| AMESTO CORPORATE SECRETARIAL LIMITED | Corporate Secretary | 2019-11-01 | 2021-10-31 |
| SANNE SECRETARIES LIMITED | Corporate Secretary | 2015-02-19 | 2019-11-01 |
| BALACHANDRAN, Srikanth | Director | 2022-02-14 | 2023-09-28 |
| CAUDRELIER, Christophe Jean Julien | Director | 2023-09-28 | 2026-02-06 |
| FAY, Steven Philip | Director | 2015-06-04 | 2022-02-14 |
| GUERERE, Kathleen | Director | 2018-01-02 | 2020-12-04 |
| KARIMBHAI, Sameer | Director | 2020-12-15 | 2025-01-15 |
| MADDEN, Scott Jonathan | Director | 2015-02-13 | 2016-08-05 |
| MASTERSON, Neil | Director | 2020-12-15 | 2023-09-28 |
| MCBRIDE, Suzanne Erika | Director | 2016-06-13 | 2019-01-18 |
| SMALLER, David | Director | 2015-02-13 | 2016-08-05 |
| VINCENTI, Rossano Donato | Director | 2016-08-01 | 2017-11-06 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| One Web Communications Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-01-04 | Active |
Filing timeline
Last 20 of 125 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-15 | AAMD | accounts | Accounts amended with accounts type full | |
| 2026-05-08 | AA | accounts | Accounts with accounts type audit exemption subsiduary | |
| 2026-04-11 | PARENT_ACC | accounts | Legacy | |
| 2026-04-11 | GUARANTEE2 | other | Legacy | |
| 2026-04-11 | GUARANTEE2 | other | Legacy | |
| 2026-04-11 | AGREEMENT2 | other | Legacy | |
| 2026-02-20 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-20 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-05 | AA | accounts | Accounts with accounts type audit exemption subsiduary | |
| 2025-06-05 | PARENT_ACC | accounts | Legacy | |
| 2025-06-05 | AGREEMENT2 | other | Legacy | |
| 2025-06-05 | GUARANTEE2 | other | Legacy | |
| 2025-01-24 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-24 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-24 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-01-16 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-01-15 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-10 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 13
- 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.