AALTO HAPS LIMITED
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Cash
—
Latest balance sheet
Net assets
—
Equity attributable
Employees
197
+2.6% highest in 3 filed years
Profit before tax
-£37m
USD -49,952,000
-0.1% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
This dependency indicates the existence of a material uncertainty that may cast significant doubt upon the Company's ability to continue as a going concern.
-
Going-concern uncertainty disclosed
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 | £5,531,848 | £6,287,011 | £4,273,098 | -32% | |
| Operating profit | -£35,337,308 | -£36,989,812 | -£37,734,323 | -2% | |
| Profit before tax | -£35,089,426 | -£37,035,180 | -£37,070,130 | -0.1% | |
| Net profit | -£31,861,468 | -£33,751,194 | -£22,384,416 | +33.7% | |
| Cash | £2,371,352 | £21,074,499 | — | — | |
| Total assets less current liabilities | £62,725,133 | £74,108,564 | — | — | |
| Net assets | £53,989,645 | £68,784,623 | — | — | |
| Equity | £53,989,645 | £68,784,623 | — | — | |
| Average employees | 185 | 192 | 197 | +2.6% | |
| Wages | £7,812,206 | £14,582,139 | £15,261,596 | +4.7% | |
| Directors' remuneration | £443,207 | £1,322,031 | £224,861 | -83% | |
| Directors' pension contributions | £17,258 | £16,714 | £12,616 | -24.5% | |
| Highest paid director | £443,207 | £1,305,317 | £212,245 | -83.7% |
Figures converted to GBP from USD at 0.742 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 |
|---|---|---|---|---|
| Return on capital employed | -56.3% | -49.9% | — | |
| Gearing (liabilities / total assets) | 29.5% | 22.7% | — | |
| Current ratio | 2.07x | 2.92x | — |
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.
Name history
Renamed 1 time since incorporation
- AALTO HAPS LIMITED 2023-01-12 → present
- AIRBUS HAPS CONNECTIVITY SOLUTIONS LIMITED 2022-02-18 → 2023-01-12
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“This dependency indicates the existence of a material uncertainty that may cast significant doubt upon the Company's ability to continue as a going concern.”
Group structure
- AALTO HAPS LIMITED · parent
- Aalto Haps US LLC 100%
- Aalto Haps Kenya LTD 100%
Significant events
- “On the 26 January 2026, the Company issued additional share capital.”
- “Subsequent to the reporting date, operational incidents in January and March 2026 resulted in Company assets being damaged beyond economic repair.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ROSE, Julia Alexis | Secretary | 2022-02-18 | — | — |
| BOULNOIS, Hugues Marie Hubert | Director | 2024-05-13 | Mar 1979 | French |
| CHEMOUNY, Michael | Director | 2024-05-13 | Feb 1971 | French |
| DE MIGUEL RODRIGUEZ, Jesus Frutos | Director | 2024-05-13 | Nov 1975 | Spanish |
| DUMONT, Jean-Brice Marie Henri | Director | 2022-09-29 | Aug 1971 | French |
| EDE, Nigel Ramon | Director | 2022-02-18 | Nov 1963 | British |
| EISENHUT, Dominik Christian, Dr | Director | 2024-05-13 | Aug 1978 | German |
| HORI, Shigehiro | Director | 2026-07-22 | Nov 1973 | Japanese |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARIL, Thierry Michel | Director | 2023-02-08 | 2024-04-19 |
| GASKELL, Paul | Director | 2022-02-18 | 2022-11-18 |
| HALAWI, Samer | Director | 2022-09-29 | 2024-09-30 |
| HARRISON, John Conacher | Director | 2023-02-08 | 2024-04-19 |
| HUNKEL, Peter, Dr. | Director | 2022-12-19 | 2024-04-19 |
| LOHWASSER, Daniela Elisabeth | Director | 2022-09-29 | 2024-04-19 |
| LOMBARD, Francois Louis | Director | 2024-05-13 | 2026-02-04 |
| NAVARRO VEROZ, Maria Jesus | Director | 2022-02-18 | 2022-11-03 |
| OTO, Hiroyuki | Director | 2025-03-14 | 2026-06-12 |
| TARDY, Xavier | Director | 2023-02-08 | 2024-04-19 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Airbus Defence And Space Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-02-18 | Active |
Filing timeline
Last 20 of 53 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-12-27 RESOLUTIONS Resolution
- 2025-12-27 MA Memorandum articles
- 2024-06-05 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-28 | AA | accounts | Accounts with accounts type full | |
| 2026-08-03 | AP01 | officers | Appoint person director company with name date | |
| 2026-06-18 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-02-17 | CH01 | officers | Change person director company with change date | |
| 2026-02-17 | CH01 | officers | Change person director company with change date | |
| 2026-02-06 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-04 | SH01 | capital | Capital allotment shares | |
| 2025-12-27 | RESOLUTIONS | resolution | Resolution | |
| 2025-12-27 | MA | incorporation | Memorandum articles | |
| 2025-12-15 | SH01 | capital | Capital allotment shares | |
| 2025-12-03 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-06-11 | AA | accounts | Accounts with accounts type full | |
| 2025-03-25 | SH01 | capital | Capital allotment shares | |
| 2025-03-18 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-11-22 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-28 | SH01 | capital | Capital allotment shares | |
| 2024-06-07 | SH01 | capital | Capital allotment shares | |
| 2024-06-05 | MA | incorporation | Memorandum articles |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 12
- Capital events
- 3
- Officers appointed
- 1
- Officers resigned
- 2
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.