COM DEV EUROPE LIMITED

HONEYWELL HOUSE, SKIMPED HILL LANE, BRACKNELL, BERKSHIRE, RG12 1EB

Company Number: 01863723
Incorporation date: 15-Nov-1984
Status: Active
Entity type: Private Limited Company

SIC codes:
61300 Satellite telecommunications activities





SUMMARY

This company is 39.4 years old and is currently active. It is controlled by multiple entities. The company has negative equity (net assets) of GBP -6.2 million which has worsened since the previous year's figure of GBP -254 thousand. The latest reported revenue figure is GBP 14.7 million which is down -30% on the previous year. The company is both loss making and has negative equity, it is therefore likely to go bankrupt unless it can raise funding or business has improved since the last accounts were filed. Retained earnings is negative (GBP -28.4 million), which means the company has aggregate losses since it's inception or it has paid more dividends than it can afford; given the company's age, this is a sign of serious financial problems. The company has 2 active officers (directors or partners) who are or were officers of 3 other companies, 1 (33.3%) of which have since been dissolved or are proposed for strike off. The company has no public disputes filed on the Business Disputes Register. There is one court case involving the company that we are aware of.


FINANCIALS (BETA)

Next accounts due: 31-Dec-2023
Accounts Filed: FULL (31-Dec-2021)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
31-Dec-2019 GBP 14,673,000 -5,848,000 26,000 -5,960,000
31-Dec-2018 GBP 21,322,000 2,984,000 21,000
31-Dec-2017 GBP 23,294,000 20,000 -4,439,000


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Dec-2019 GBP 9,940,000 20,768,000 22,175,000 -28,389,000 -6,214,000
31-Dec-2018 GBP 15,459,000 19,458,000 22,175,000 -22,429,000 -254,000
31-Dec-2017 GBP 18,223,000 18,755,000 22,175,000 -19,424,000 2,751,000

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
Insufficient available data for calculating valuations.

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY SECRETARY


Status Name Appointed on Resigned on Occupation Nationality All apointments
(active/resigned)
Resigned Gary CALHOUN 31 Oct 2002 04 Feb 2016 British 0 - 2
Resigned Tim ZAHAVICH 01 Nov 2001 24 Jun 2002 0 - 4
Resigned Keith Richard AINSWORTH 01 Nov 2001 0 - 3

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active Craig MOLFORD 31 Dec 2019 Business Director British 1 - 00 (0.0%)
Active John Cain LITTLE 15 May 2017 Director British 1 - 42 (40.0%)
Resigned Sarah Ransome WALLIS 28 Apr 2017 20 Dec 2019 Director British 0 - 52 (40.0%)
Resigned Stuart Robert MCCORMACK 08 Feb 2016 28 Apr 2017 Chartered Accountant British 0 - 276 (22.2%)
Resigned Grant William FRASER 08 Feb 2016 07 Oct 2016 Company Director British 0 - 8329 (34.9%)
Resigned Anthony Richard Vaughan HUTCHINGS 08 Feb 2016 01 Nov 2019 Finance Director British 0 - 124 (33.3%)
Resigned Victor Jay MILLER 08 Feb 2016 09 May 2019 Vice President And General Counsel,Defense/Space American 0 - 21 (50.0%)
Resigned Christopher D'CRUZE 28 Jul 2015 08 Feb 2016 Accountant British 0 - 42 (50.0%)
Resigned Robert Paul SPURRETT 30 Sep 2010 05 Feb 2016 Managing Director British 2 - 52 (28.6%)
Resigned Gary Thomas CALHOUN 30 Sep 2010 04 Feb 2016 Chartered Accountant Canadian 0 - 42 (50.0%)
Resigned Tim ZAHAVICH 01 Nov 2001 24 Jun 2002 Cfo Canadian 0 - 42 (50.0%)
Resigned John Stephen KEATING 28 Feb 2000 01 Sep 2010 Chief Executive Officer Canadian 0 - 21 (50.0%)
Resigned Alan Ernest, Dr WINTER 01 Oct 1998 30 Jun 1999 Company Director Canadian 0 - 10 (0.0%)
Resigned John Ronaldson STUART 01 Oct 1998 04 Feb 2016 Dir Vp Business Development British 2 - 52 (28.6%)
Resigned Pravin Kumar SOOD 23 Aug 1995 31 Jul 1997 Managing Director British 1 - 20 (0.0%)
Resigned Roy GIBSON 16 Apr 1993 25 Jan 1996 Consultant British 0 - 41 (25.0%)
Resigned Michael Valentine ODONOVAN 01 Nov 2001 Chairman Canadian 0 - 32 (66.7%)
Resigned Keith Richard AINSWORTH 31 Oct 2002 President British 0 - 31 (33.3%)
Resigned Richard John CAMERON 15 Apr 1993 Technical Director British 0 - 10 (0.0%)
Resigned Bernard Noel Francis EDDLESTON 26 Jun 1998 Managing Director British 0 - 64 (66.7%)
Number of active directors: 2
Average tenure of active directors: 5.6 years
Average tenure of resigned directors: 3.2 years
Average active director Dissolution Rate: 20.0%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
COM DEV EUROPE LIMITED (01863723) - Active
GARRETT MOTION UK D LIMITED (06277590) - Liquidation
COM DEV INVESTMENTS LIMITED (09342374) - Liquidation
GARRETT MOTION UK LIMITED (SC074001) - Active

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2019-05-012016-01-312015-01-312014-01-312013-01-31
COM DEV LTD.ORDINARY21,899,500
98.8%
0
0%
0
0%
0
0%
0
0%
COM DEV LTD.REDEEMABLE ORDINARY275,000
1.24%
0
0%
0
0%
0
0%
0
0%
COM DEV INTERNATIONAL LTDORDINARY0
0%
21,899,500
98.8%
0
0%
0
0%
0
0%
COM DEV LTDREDEEMABLE ORDINARY0
0%
275,000
1.24%
275,000
100.0%
275,000
100.0%
275,000
100.0%
COM DEV LTDORDINARY0
0%
0
0%
100
0.036%
100
0.036%
100
0.036%

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

COM DEV EUROPE LIMITED

no controlled companies

LATE PAYMENTS REPORT


This company has not filed any late payment reports possibly because it is not considered \'Large\'.

COURT CASES


Date Title Reference Subject
2017-06-13 Mr C D'Cruze v Com Dev Europe Ltd and others [2017] UKET 3324536/2017 Public Interest Disclosure : Race Discrimination : Unfair Dismissal

PATENTS


No Patents found

COMPETITORS

(Based on Sic code: 61300 Satellite telecommunications activities)

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
GLOBECAST UK LIMITED 200 GRAYS INN ROAD, LONDON, WC1X 8XZ 02534039 2017-12-31 55,438,522 -1,531,388
NSSLGLOBAL LIMITED 6 WELLS PLACE, GATTON PARK BUSINESS CENTRE, REDHILL, SURREY, RH1 3DR 03879526 2011-12-31 53,117,000 4,602,000
VIASAT TECHNOLOGIES LIMITED ROYAL PAVILION, TOWER 2 FOURTH FLOOR, WELLESLEY ROAD, ALDERSHOT, ENGLAND, GU11 1PZ 08678572 2018-03-31 8,663,000 0
AURIGA KORE LIMITED 92 GRANVILLE ROAD, LONDON, ENGLAND, N12 0HT 05282709 2017-11-30 1,033,279 0
SUNWYND LIMITED 30 AVENUE ROAD, WALKFORD, CHRISTCHURCH, BH23 5QH 06887148 2018-03-31 110,850 0 62020-Information technology consultancy activities
72190-Other research and experimental development on natural sciences and engineering
TRACK KING LTD UNIT 3 TURNSTONE BUSINESS PARK, MULBERRY AVENUE, WIDNES, ENGLAND, WA8 0WN 08824456 2017-12-31 107,475 0
R.T.A SYSTEMS LIMITED 35 LATIMER CLOSE, HEMEL HEMPSTEAD, ENGLAND, HP2 7JJ 07522617 2018-03-31 77,265 0
SATCOM INTERNATIONAL GROUP PLC COVENTRY UNIVERSITY TECHNOLOGY PARK, PUMA WAY, COVENTRY, CV1 2TT 03133496 2017-12-31 49,310 0
MALVTEQ LIMITED 19 HERON CLOSE, WORCESTER, WR2 4BW 07026066 2018-09-30 20,339 0 71122-Engineering related scientific and technical consulting activities
72190-Other research and experimental development on natural sciences and engineering
94120-Activities of professional membership organizations
QUEUEBASIC LIMITED MERMAID COTTAGE, CROFT ROAD, NEACROFT, CHRISTCHURCH, DORSET, BH23 8JT 03571232 2018-08-31 9,249 0 62020-Information technology consultancy activities
70229-Management consultancy activities other than financial management
71122-Engineering related scientific and technical consulting activities
IO (ICT) CONSULTANCY LTD 71-75 SHELTON STREET, COVENT GARDEN, LONDON, UNITED KINGDOM, WC2H 9JQ 10342445 2018-08-31 3,600 0 61900-Other telecommunications activities
62020-Information technology consultancy activities
62090-Other information technology service activities
DBSD SATELLITE SERVICES LIMITED 5 ALDERMANBURY SQUARE, 13TH FLOOR, LONDON, ENGLAND, EC2V 7HR 04367509 2018-12-31 0 0
INTERNATIONAL MARINE RADIO COMPANY LIMITED LOWLAND HOUSE, GELLIBRANDS HORNHILL, GERRARDS CROSS, BUCKINGHAMSHIRE, SL9 0QY 02757709 2018-03-31 0 0
MARIBEL COMMUNICATIONS LTD. LOWLAND HOUSE, GELLIBRANDS HORNHILL, GERRARDS CROSS, BUCKINGHAMSHIRE, SL9 0QY 02888443 2018-03-31 0 0

LIQUIDATION RISK (BETA)



This company is Active. Statistically, Active companies have a low probability of being liquidated within a year.
Here are our probability predictions:
Basis Liquidation within 3 months Liquidation within 6 months Liquidation within 12 months Prediction confidence
COM DEV EUROPE LIMITED 0.7% 3.6% 7.1% Medium
Other companies Active in the same sector Too few competitors
Age 0.3% 1.3% 2.4% Medium
Company Type 0.7% 3.7% 7.4% Medium
Accounts category 0.7% 2.2% 3.8% Medium
Accounting Month 0.6% 2.4% 5.5% Medium
Sic code count 0.7% 3.5% 7.0% Medium
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