GALILEO GLOBAL TECHNOLOGIES PLC
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Cash
£3.8M
USD 5,024,000
-27.2% lowest in 3 filed years
Net assets
£78M
USD 103,206,000
+234.4% highest in 3 filed years
Employees
594
-12.3% lowest in 3 filed years
Profit before tax
£84M
USD 112,141,000
+325.8% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
3-year trend · vs Energy median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £79,336,240 | £105,651,357 | £69,110,727 | -34.6% | |
| Operating profit | -£23,398,482 | -£2,982,034 | -£56,462,452 | -1,793.4% | |
| Profit before tax | -£45,868,601 | -£37,339,698 | £84,297,527 | +325.8% | |
| Net profit | -£53,384,199 | -£39,863,940 | £88,442,457 | +321.9% | |
| Cash | £7,250,996 | £5,189,807 | £3,776,592 | -27.2% | |
| Total assets less current liabilities | £153,129,369 | £141,719,161 | £112,279,185 | -20.8% | |
| Net assets | -£17,878,674 | -£57,742,614 | £77,580,997 | +234.4% | |
| Equity | -£17,878,674 | -£57,742,614 | £77,580,997 | +234.4% | |
| Average employees | 709 | 677 | 594 | -12.3% | |
| Wages | £28,631,136 | £26,706,758 | £27,212,659 | +1.9% | |
| Directors' remuneration | £771,255 | £1,167,406 | £878,749 | -24.7% |
Figures converted to GBP from USD at 0.752 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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | -29.5% | -2.8% | -81.7% | |
| Net margin | -67.3% | -37.7% | 128.0% | |
| Return on capital employed | -15.3% | -2.1% | -50.3% | |
| Gearing (liabilities / total assets) | 108.4% | 128.4% | 50.8% | |
| Current ratio | 1.42x | 1.76x | 1.76x | |
| Interest cover | -0.89x | -0.11x | -1.84x |
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
- GALILEO GLOBAL TECHNOLOGIES PLC 2026-06-24 → present
- GALILEO GLOBAL TECHNOLOGIES LTD 2015-10-09 → 2026-06-24
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Moore Kingston Smith LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- GALILEO GLOBAL TECHNOLOGIES PLC · parent
- Galileo Technologies S.A. 100%
- GNC Galileo Venezuela S.A. 100%
- Gaz Naturel Incorporated 100%
- Comusa Incorporated 100%
- Galileo Technologies Corporation 100%
- Methax UK Limited 100%
- Galileo Technologies SAS 100%
- Edge Europe Holdco Limited 100%
- Galileo Tecnologia para Gas Limited 100%
- Galileo Technologies Corporation Suc. Peru
Significant events
- “On March 4, 2025, the Group issued US$55,000 in senior secured bonds governed by Norwegian law and listed on the Nordic ABM. Later, on December 15, 2025, the Group entered into a comprehensive financial restructuring and change of ownership agreement through a Restructuring Support Agreement (RSA).”
- “Following the change in shareholding control on December 15, 2025, the Group has continued an organisational restructuring process during 2026 aimed at reducing costs and optimizing its operational structure. As part of these efficiency measures, the Group has proceeded with a headcount reduction across various areas of the organisation.”
- “The Group entered into new commercial agreements for the supply of specialized equipment, highlighting a significant sale and purchase agreement signed with a customer based in the Middle East for the provision of natural gas liquefaction units (including Cryobox and ZPTS modules) for a total contract value of US$ 21,210, as well as a contract formalized with a customer in Southeast Asia for the supply of a biogas upgrading unit (Biobox) for a total amount of US$ 972.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ORANA CORPORATE LLP | Corporate Secretary | 2026-06-19 | — | — |
| FLETCHER, David Ian | Director | 2025-12-15 | Mar 1965 | British |
| NELSON-SMITH, Mark Adrian | Director | 2026-06-19 | Mar 1966 | British,Italian,Swiss |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| AZTEC FINANCIAL SERVICES (UK) LIMITED | Corporate Secretary | 2017-01-19 | 2026-06-19 |
| DE LA ORDEN, Ulises | Director | 2015-10-09 | 2024-08-15 |
| DEL CAMPO, Osvaldo Claudio | Director | 2015-10-09 | 2024-08-15 |
| DICKINSON, Mark Simon | Director | 2016-04-29 | 2018-12-06 |
| OBEROI, Salil | Director | 2018-12-06 | 2025-12-15 |
| SIKORSKI, Thomas Joseph | Director | 2016-04-29 | 2025-12-15 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ggt Holdco Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-12-15 | Active |
| Galileo Holdco 2 Limited | Corporate entity | Shares 75–100% (as trust), Voting 75–100%, Appoints directors | 2016-12-20 | Ceased 2025-12-15 |
| Galileo Guernsey Limited | Corporate entity | Shares 25–50% | 2016-04-29 | Ceased 2016-12-20 |
Filing timeline
Last 20 of 90 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-06-30 RESOLUTIONS Resolution
- 2026-06-24 RR01 Reregistration private to public company
- 2026-06-24 CERT5 Certificate re registration private to public limited company
- 2026-06-24 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-01 | SH14 | capital | Capital redomination of shares | |
| 2026-06-30 | RESOLUTIONS | resolution | Resolution | |
| 2026-06-24 | MAR | incorporation | Re registration memorandum articles | |
| 2026-06-24 | RR01 | change-of-name | Reregistration private to public company | |
| 2026-06-24 | CERT5 | change-of-name | Certificate re registration private to public limited company | |
| 2026-06-24 | AUDS | auditors | Auditors statement | |
| 2026-06-24 | AUDR | auditors | Auditors report | |
| 2026-06-24 | BS | accounts | Accounts balance sheet | |
| 2026-06-24 | RESOLUTIONS | resolution | Resolution | |
| 2026-06-19 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2026-06-19 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-06-19 | AP01 | officers | Appoint person director company with name date | |
| 2026-06-02 | AA | accounts | Accounts with accounts type group | |
| 2026-04-16 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-04-16 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-04-14 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-02-26 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-02-20 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-02-19 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-16 | 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
- 20
- Capital events
- 1
- Officers appointed
- 3
- Officers resigned
- 3
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.