APPLIED SATELLITE GROUP LTD

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -2.8%

  £63,223,542 → £61,429,803

• Cash

  -42.3%

  £4,485,408 → £2,589,824

• Net assets

  -24.7%

  £13,100,076 → £9,864,839

• Employees

  +8%

  188 → 203

• Operating profit

  -1,641.6%

  £225,605 → -£3,478,030

• Profit before tax

  -1,698.6%

  £217,664 → -£3,479,578

• Wages

  +17.6%

  £8,618,610 → £10,133,277

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.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Lovewell Blake LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The group has reported a loss before tax of £3.5m for the year ended 30 April 2025 as a result of both a reduction in turnover and a significant increase in overheads. The directors have prepared profit and cash flow forecasts through to 30 April 2027. These forecasts show reduced losses for the year ended 30 April 2026, as a result of cost savings and development of new business streams. The forecasts indicate a return to profitability for the year ended 30 April 2027. Based on the cash flow forecasts, no additional funding is expected to be required from the director. Nevertheless, the director has provided a formal letter of support to Applied Satellite Technology Limited confirming he will continue to provide financial support, if required, for a period of at least one year from the date of the signing of the financial statements. As a consequence, the directors believe that the group is well placed to manage its business risks successfully despite the current uncertain economic outlook. Accordingly, it remains appropriate to prepare the financial statements on a going concern basis.”

Group structure

1. APPLIED SATELLITE GROUP LTD · parent
   1. Applied Satellite Technology Limited 100% · United Kingdom
   2. AST Connections Limited 100% · United Kingdom
   3. Applied Satellite Technology Systems Limited 100% · United Kingdom
   4. AST Marine Sciences Limited 100% · United Kingdom
   5. AST Holdings PTY Limited 100% · Australia
   6. Applied Satellite Technology Asia Pte Limited 100% · Singapore
   7. AST Distribution Asia Pte Limited 70% · Singapore
   8. Applied Satellite Technology Australia PTY Ltd 100% · Australia
   9. Applied Satellite Technology SA Pty Ltd 51% · South Africa
   10. Sat Phones Direct Limited 99% · United Kingdom
   11. Castell Satcom Radio Limited 100% · United Kingdom
   12. AST Systems Africa 100% · Kenya
   13. Applied Satellite Technology Systems US LLC 100% · United States
   14. AST Oceanics PTY Limited 100% · Australia
   15. Reygar Limited 100% · United Kingdom
   16. AST Oceanics UK Limited 100% · United Kingdom

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

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

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