MDA SATCONN UK LTD.

• ⚠

  Material uncertainty over going concern

  The company made a pre-tax loss of $15,572,692 in the year and has net current liabilities of $39,584,041. A balance of $12,625,525 is owed to related parties. We draw attention to note 1.2 in the financial statements, which states that the ultimate parent company has confirmed in writing its willingness to support the company.

• ◆

  6 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.

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

  +291.4%

  £3,628,910 → £14,203,355

• Cash

  +295.6%

  £1,345,863 → £5,323,722

• Net assets

  -80.3%

  -£18,801,046 → -£33,906,231

• Employees

  +15.2%

  46 → 53

• Operating profit

  -25.9%

  -£8,622,556 → -£10,856,813

• Profit before tax

  -24.3%

  -£12,529,140 → -£15,572,692

• Wages

  +87.8%

  £3,933,593 → £7,386,937

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. MDA SATCONN UK LTD. 2025-12-01 → present
2. SATIXFY UK LIMITED 2016-01-25 → 2025-12-01

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Alliotts LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The company made a pre-tax loss of $15,572,692 in the year and has net current liabilities of $39,584,041. A balance of $12,625,525 is owed to related parties. We draw attention to note 1.2 in the financial statements, which states that the ultimate parent company has confirmed in writing its willingness to support the company.”

Group structure

1. MDA SATCONN UK LTD. · parent
   1. Satixfy Bulgaria 100% · Bulgaria · Ordinary

Significant events

• “On 2 July 2025, Satixfy Communications Ltd, the immediate parent company of the company, was acquired by MDA Space Ltd ("MDA"), a leading Canadian space technology company headquartered in Brampton, Ontario. Following the acquisition, the company became part of the MDA Group.”
• “Post year end the company changed its name from Satixfy UK Limited to MDA Satconn UK Ltd.”

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

Filings

20

last 12 months

Capital events

1

last 24 months

Officers appointed

2

last 12 months

Officers resigned

6

last 12 months

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