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HUGHES NETWORK SYSTEMS EUROPE LIMITED
HUGHES HOUSE ROCKINGHAM DRIVE, LINFORD WOOD, MILTON KEYNES, MK14 6PDPrevious name: HNS EUROPE LIMITED (changed on 25-Apr-2005)
Company Number: 05322679
Incorporation date: 04-Jan-2005
Status: Active
Entity type: Private Limited Company
SIC codes:
61300 Satellite telecommunications activities
SUMMARY
This company is 19.2 years old and is currently active. It is controlled by Echostar Corporation. The company has negative equity (net assets) of GBP -363 thousand which has worsened since the previous year's figure of GBP 3.2 million. 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 -7 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 9 other companies. The company has no public disputes filed on the Business Disputes Register. There are no court cases involving the company that we are aware of.FINANCIALS (BETA)
Next accounts due: 30-Sep-2024Accounts Filed: FULL (31-Dec-2022)
P&L Financials:
Year end | Currency | Revenue | Operating profit | Interest Received | Interest Paid | Tax | Net Profit GBP |
---|---|---|---|---|---|---|---|
03-Dec-2019 | GBP | -3,586,000 | |||||
31-Dec-2018 | GBP | 5,000 | |||||
31-Dec-2017 | EUR | 5 |
Balance Sheet Financials:
Year end | Currency | Cash | Current Assets | Current Liabilities | Debt | Share Capital | Premium Reserve | Retained Earnings | Net Assets |
---|---|---|---|---|---|---|---|---|---|
03-Dec-2019 | GBP | 6,676,000 | -7,039,000 | -363,000 | |||||
31-Dec-2018 | GBP | 150,000 | 6,676,000 | -3,453,000 | 3,223,000 | ||||
31-Dec-2017 | EUR | 150,150 | 66,766,676 | -34,533,453 | 3,223 |
VALUATION EVENTS (BETA)
Year end | Currency | % Equity | Sum raised | Pre-Money Valuation* | Post-Money Valuation* | Enterprise Value** |
---|---|---|---|---|---|---|
31-Dec-2018 | GBP | -900.10% | -60,090,676 | 66,766,676 | 6,676,000 | 36,721,338 |
** Estimated based on average Cash and Debt levels during period
DISPUTES
No disputes filed on www.disputesregister.orgCOMPANY SECRETARY
Status | Name | Appointed on | Resigned on | Occupation | Nationality | All apointments (active/resigned) |
---|---|---|---|---|---|---|
Resigned | Claire DENTON | 03 Jan 2008 | 12 Jun 2015 | Solicitor | British | 0 - 5 |
Resigned | Andrew POWELL | 08 Aug 2005 | 25 Jul 2008 | 0 - 2 | ||
Resigned | Sharon BROWN | 08 Aug 2005 | 28 Sep 2007 | 0 - 2 | ||
Active | Dean Alfred, Dr MANSON | 04 Jan 2005 | 29 Mar 2024 | V President & G Counsel | American | 2 - 5 |
DIRECTORS
Status | Name | Appointed on | Resigned on | Occupation | Nationality | All appointments (active/resigned) |
Dissolved companies (rate) |
---|---|---|---|---|---|---|---|
Active | Christopher David BRITTON | 18 Feb 2009 | Company President | British | 4 - 3 | 0 (0.0%) | |
Resigned | Erik GOLDMAN | 22 Apr 2005 | 20 Jun 2006 | Vice President | American | 0 - 1 | 0 (0.0%) |
Resigned | Michael John DARCY | 22 Apr 2005 | 24 Feb 2009 | Managing Director | British | 0 - 14 | 8 (57.1%) |
Resigned | Michael Leonard COOK | 22 Apr 2005 | 28 Oct 2021 | Snr Vp | British | 0 - 1 | 0 (0.0%) |
Resigned | James LUCCHESE | 22 Apr 2005 | 20 Jun 2006 | Executive Vp | British | 0 - 2 | 0 (0.0%) |
Resigned | Pradeep KAUL | 22 Apr 2005 | 20 Jun 2006 | Executive Vp | American | 0 - 1 | 0 (0.0%) |
Resigned | Bahram POURMAND | 22 Apr 2005 | 04 Aug 2016 | Executive Vp | American | 0 - 6 | 0 (0.0%) |
Resigned | Pradman KAUL | 22 Apr 2005 | 31 Dec 2022 | President | American | 0 - 3 | 0 (0.0%) |
Resigned | J William LITTLE | 04 Jan 2005 | 22 Apr 2005 | V President | American | 0 - 2 | 0 (0.0%) |
Resigned | David BAKER | 04 Jan 2005 | 22 Apr 2005 | Vice President | American | 0 - 3 | 0 (0.0%) |
Resigned | SWIFT INCORPORATIONS LIMITED | 04 Jan 2005 | 04 Jan 2005 | 3 - 80274 | 34119 (42.5%) | ||
Active | Dean Alfred MANSON | 04 Jan 2005 | V President & G Council | American | 6 - 2 | 0 (0.0%) | |
Resigned | INSTANT COMPANIES LIMITED | 04 Jan 2005 | 04 Jan 2005 | 3 - 27923 | 12632 (45.2%) |
Average tenure of active directors: 17.2 years
Average tenure of resigned directors: 4.9 years
Average active director Dissolution Rate: 0.0%
DIRECTOR APPOINTMENTS IN OTHER COMPANIES
Name
|
|||
---|---|---|---|
STAMFORD ASSOCIATION FOOTBALL CLUB LIMITED (00453270) - Active | ✔ | ||
AT&T MVPD EUROPE LIMITED (01508514) - Active | ✔ | ||
GTT - EMEA LTD. (03580993) - Active | ✔ | ||
ECHOSTAR UK HOLDINGS LIMITED (03823924) - Active | ✔ | ||
HUGHES NETWORK SYSTEMS EUROPE LIMITED (05322679) - Active | ✔ | ✔ | |
HUGHES NETWORK SYSTEMS LIMITED (05322680) - Active | ✔ | ✔ | |
HUGHES NETWORK SYSTEMS HOLDINGS (UK) LIMITED (05322723) - Active | ✔ | ✔ | |
SANCTUARY NETWORKS LIMITED (06750641) - Active | ✔ | ||
SAWATCH LIMITED (08812608) - Active | ✔ | ||
ECHOSTAR XXIII LICENSE SUB LIMITED (12016957) - Active | ✔ |
SHAREHOLDERS (BETA)
Shareholder name | Share class | Shares at confirmation date | ||||
---|---|---|---|---|---|---|
2017-01-04 | 2016-01-04 | 2015-01-04 | 2014-01-04 | 2013-01-04 | ||
HUGHES NETWORK SYSTEMS LLC | ORDINARY | 6,675,703 100% | 3,303,022 100% | 3,303,022 100% | 3,303,022 100% | 3,303,022 100% |
SHAREHOLDINGS (BETA)
no shareholding data
CONTROLLED COMPANIES / CONTROLLING ENTITIES
Controlling entities above
HUGHES NETWORK SYSTEMS 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
No Court Cases found
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 |
---|---|---|---|---|
HUGHES NETWORK SYSTEMS EUROPE LIMITED | 0.7% | 3.6% | 7.1% | Medium |
Other companies Active in the same sector | Too few competitors | |||
Age | 0.4% | 1.7% | 3.3% | 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 |