NASSTAR LIMITED
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Cash
£4.9m
-7.7% lowest in 3 filed years
Net assets
-£126m
-37.4% vs 2024
Employees
648
-21.2% lowest in 3 filed years
Profit before tax
-£34m
+68.8% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
-
Negative shareholders' funds
Net assets
3-year trend · vs Industrials 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 | £176,229,000 | £148,624,000 | £109,137,000 | -26.6% | |
| Operating profit | -£138,659,000 | -£51,662,000 | -£23,239,000 | +55% | |
| Profit before tax | -£188,015,000 | -£110,132,000 | -£34,336,000 | +68.8% | |
| Net profit | -£177,744,000 | -£110,194,000 | -£34,397,000 | +68.8% | |
| Cash | £10,335,000 | £5,344,000 | £4,933,000 | -7.7% | |
| Total assets less current liabilities | -£227,829,000 | £26,302,000 | £21,054,000 | -20% | |
| Net assets | -£424,933,000 | -£91,879,000 | -£126,276,000 | -37.4% | |
| Equity | — | — | — | — | |
| Average employees | 960 | 822 | 648 | -21.2% | |
| Wages | £46,689,000 | £43,912,000 | £35,820,000 | -18.4% | |
| Directors' remuneration | £858,000 | £409,000 | £494,000 | +20.8% | |
| Directors' pension contributions | £22,000 | £14,000 | £17,000 | +21.4% | |
| Highest paid director | £366,000 | £409,000 | £413,000 | +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 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | -78.7% | -34.8% | -21.3% | |
| Net margin | -100.9% | -74.1% | -31.5% | |
| Return on capital employed | — | -196.4% | -110.4% | |
| Gearing (liabilities / total assets) | 540.3% | 238.2% | 366.9% | |
| Current ratio | 0.16x | 1.05x | 1.07x | |
| Interest cover | -2.80x | -0.88x | -2.08x |
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
- NASSTAR LIMITED 2021-03-16 → present
- DIVITIAS BIDCO LIMITED 2018-04-27 → 2021-03-16
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Cooper Parry Group Limited
- 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 parent company or Group's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.”
Group structure
- NASSTAR LIMITED · parent
- ACT Teleconferencing Malaysia Sdn. Bhd 100%
- Blue Chip Data Systems Limited 100%
- Colibri Digital RO S.R.L 100%
- Colibri Limited 100%
- Denara Holdings Limited 100%
- Digital IP Holdings Limited 100%
- Digital IP Limited 100%
- Edge Technical Resources Limited 100%
- Evolution Telco Limited 100%
- Freedom Communications (U.K.) Limited 100%
- Fusion Managed Services Limited 100%
- Fusion Media Networks Limited 100%
- GCI Network Solutions Limited 100%
- Global Communication Integrators Limited 100%
- IA3 Limited 100%
- Invomo Limited 100%
- IP Infrastructures Limited 100%
- Modality Systems Inc. 100%
- Modality Systems Limited 100%
- Modality Systems Pty Ltd 100%
- Nasstar (UK) Limited 100%
- Nasstar For Recruitment Limited 100%
- Nasstar Managed Services Group Limited 100%
- Nasstar Services Limited 100%
- Nasstar South Limited 100%
- Nasstar Trading Limited 100%
- Netservices UK Limited 100%
- Packet Media Limited 100%
- Packet Media Holdings Limited 100%
- Sweet Telecom Limited 100%
Significant events
- “On 23 April 2026, the Group accepted an offer to settle an amount in relation to the decommissioning of the MAN and LDN infrastructure disclosed in note 18(b). This item is approximately half of the provision held for this matter and settlement was materially in line with the relevant provision at 31 December 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HALBARD, Christopher Neal | Director | 2026-04-16 | Nov 1966 | British |
| SENIOR, David Leslie | Director | 2025-10-10 | Feb 1973 | British |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| AHMAD, Waqqas | Director | 2018-04-27 | 2018-05-04 |
| ALLEN, Mark David | Director | 2018-05-04 | 2019-04-08 |
| BUDGE, Kevin John | Director | 2020-07-25 | 2023-08-18 |
| CHURCHILL, Wayne Winston | Director | 2019-09-10 | 2023-08-18 |
| COSGRAVE, Michael Paul | Director | 2023-03-15 | 2026-04-14 |
| HOWARD, Timothy David | Director | 2019-04-29 | 2019-10-07 |
| MCLAUCHLAN, Craig | Director | 2019-04-29 | 2020-07-22 |
| SASAKI, Daniel William | Director | 2018-04-27 | 2018-05-04 |
| THIRKILL, Adrian Albert | Director | 2018-05-04 | 2019-08-27 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Togo Bidco Limited | Corporate entity | Shares 75–100% | 2024-11-05 | Active |
| Nasstar Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-04-27 | Ceased 2024-11-05 |
Filing timeline
Last 20 of 71 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-24 | AAMD | accounts | Accounts amended with accounts type group | |
| 2026-08-20 | AA | accounts | Accounts with accounts type group | |
| 2026-08-05 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2026-08-04 | ANNOTATION | miscellaneous | Legacy | |
| 2026-04-29 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-28 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-23 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-04 | AA | accounts | Accounts with accounts type group | |
| 2025-05-27 | AAMD | accounts | Accounts amended with accounts type group | |
| 2025-05-20 | AAMD | accounts | Accounts amended with accounts type group | |
| 2025-04-22 | AA | accounts | Accounts with accounts type group | |
| 2025-03-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-12-27 | AA01 | accounts | Change account reference date company previous shortened | |
| 2024-11-25 | SH01 | capital | Capital allotment shares | |
| 2024-11-22 | SH01 | capital | Capital allotment shares | |
| 2024-11-22 | SH01 | capital | Capital allotment shares | |
| 2024-11-22 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-11-14 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-11-13 | 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
- 8
- Capital events
- 3
- Officers appointed
- 2
- 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.