RIGNET UK LIMITED

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

  -10.8%

  £17,552,261 → £15,650,315

• Cash

  +129.8%

  £433,180 → £995,464

• Net assets

  -10%

  -£7,984,036 → -£8,784,682

• Employees

  -9.5%

  63 → 57

• Profit before tax

  -46.9%

  -£2,930,192 → -£4,305,096

• Wages

  +1%

  £3,716,632 → £3,754,346

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. RIGNET UK LIMITED 2006-10-17 → present
2. RIGNET SERVICES UK LIMITED 2005-12-02 → 2006-10-17
3. MM&S (5015) LIMITED 2005-10-04 → 2005-12-02

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Johnston Carmichael LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Having considered the financial position and future prospects, including the forecasts for the business and satisfying themselves that Viasat Inc. has the financial wherewithal to provide appropriate financial support if required, the directors have developed a reasonable expectation that the company has adequate resources to continue in operational existence for a period of at least 12 months from the date of signing these financial statements. Accordingly, the going concern basis continues to be applied in preparing these financial statements.”

Significant events

• “The results of the company show a pre-tax loss of $4.3 million (2024: $2.9 million) for the year and turnover of $20.9 million (2024: $23.5 million).”
• “Turnover decreased by 11% from the prior period principally due to one off System Integration works in the prior year; the company ceased performing these projects part way through the reporting period following the sale of a fellow subsidiary ir which these projects were typically won through.”
• “Gross margin decreased to 13% in the current year compared to 17% in the prior year.”
• “With the decreased revenue & gross margin detailed from 2024 to 2025, changes to the Corporate Global Recharge policy following the sale of a fellow RigNet subsidiary resulted in a global recharge increase of 7% year on year.”
• “The net liabilities position increased year on year at $8.8m versus $8.0m, reflecting the retained loss for the year.”
• “The company expects to maintain its customer base in 2025 & 2026 as part of an increase in activity within the global oil and gas industry.”

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

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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