AVANTI COMMUNICATIONS GROUP PLC

C/O FTI CONSULTING 200 ALDERSGATE, ALDERSGATE STREET, LONDON, ENGLAND, EC1A 4HD

Company Number: 06133927
Incorporation date: 01-Mar-2007
Status: In Administration
Entity type: Public Limited Company

SIC codes:
61300 Satellite telecommunications activities





SUMMARY

This company is 17.1 years old and is currently in administration. It is controlled by Solus Alternative Asset Management. The company has positive equity (net assets) of USD 651 million which has decreased from the previous year's figure of USD 731.7 million. The latest reported revenue figure is USD 66.9 million which is down -10% on the previous year. Retained earnings is negative (USD -1 billion), 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 5 active officers (directors or partners) who are or were officers of 15 other companies, 1 (6.7%) 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 are no court cases involving the company that we are aware of.


FINANCIALS (BETA)

Next accounts due: 30-Jun-2021
Accounts Filed: GROUP (31-Dec-2019)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
31-Dec-2019 USD 66,900,000 -110,200,000 1,000,000 71,800,000 -500,000 -181,500,000
31-Dec-2018 USD 73,700,000 -185,500,000 2,500,000 132,500,000 -31,400,000 -38,200,000
30-Jun-2017 USD 56,600,000 -203,700,000 93,200,000 12,000,000 -65,700,000


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Dec-2019 USD 9,600,000 635,700,000 167,600,000 149,400,000 30,600,000 1,104,400,000 -1,048,600,000 651,000,000
31-Dec-2018 USD 9,100,000 731,600,000 55,900,000 800,000 30,600,000 1,104,400,000 -900,100,000 731,700,000
30-Jun-2017 USD 900,000 165,000,000 112,300,000 1,400,000 270,000,000 519,400,000 -259,800,000 976,700,000

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
31-Dec-2018 USD -782.35% 345,600,000 -389,774,436 -44,174,436 -220,874,436
* Average valuation during the period
** Estimated based on average Cash and Debt levels during period

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY SECRETARY


Status Name Appointed on Resigned on Occupation Nationality All apointments
(active/resigned)
Active Bridget SHELDON-HILL 22 Jan 2020 29 Mar 2024 1 - 0
Resigned Natalie MITCHELL 01 Oct 2018 22 Jan 2020 0 - 1
Resigned Patrick WILLCOCKS 07 Mar 2013 30 Sep 2018 0 - 1
Resigned Nigel Adrian Dawson FOX 29 Jun 2007 07 Mar 2013 Accountant British 2 - 44
Resigned David John WILLIAMS 14 Mar 2007 29 Jun 2007 5 - 28

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active Steven Edward EVANS 01 Oct 2021 Non-Executive Director British 2 - 01 (50.0%)
Active Derek Gordon SMITH 01 Jun 2021 Chartered Accountant British 1 - 01 (100.0%)
Resigned Sean William BERRY 31 Dec 2020 27 Jan 2022 Investment Professional Canadian 0 - 11 (100.0%)
Resigned John Vladimir SLAMECKA 13 Sep 2020 28 Sep 2020 Director American 0 - 11 (100.0%)
Resigned Richard David ALDEN 02 Mar 2020 17 Jun 2021 Director British 0 - 11 (100.0%)
Resigned Christopher William MCLAUGHLIN 20 Jun 2019 12 Aug 2020 Director British 0 - 11 (100.0%)
Resigned Adam KLEINMAN 12 Mar 2019 18 Jan 2022 Director American 0 - 11 (100.0%)
Resigned John SLÁMEČKA 01 Dec 2018 13 Sep 2020 Director American 0 - 11 (100.0%)
Active Kyle David WHITEHILL 03 Apr 2018 Chief Executive British 14 - 02 (14.3%)
Resigned Nigel Adrian Dawson FOX 12 Sep 2017 26 May 2020 Director English 1 - 21 (33.3%)
Resigned Christopher William MCLAUGHLIN 01 Sep 2017 01 Jun 2018 Director British 2 - 33 (60.0%)
Active Alan Paul HARPER 17 Mar 2017 Director British 2 - 01 (50.0%)
Resigned Craig CHOBOR 27 Jan 2017 03 Feb 2022 Director American 0 - 11 (100.0%)
Resigned Michael LEITNER 27 Jan 2017 31 Dec 2020 Director American 0 - 11 (100.0%)
Resigned Peter Andrew REED 27 Jan 2017 12 Mar 2019 Director American 0 - 11 (100.0%)
Resigned Craig CHOBOR 27 Jan 2017 03 Feb 2022 Director American 1 - 11 (50.0%)
Active Richard MASTOLONI 20 Dec 2016 Director American 1 - 01 (100.0%)
Resigned Charmaine Bridgette EGGBERRY 27 Nov 2014 27 Jan 2017 Commercial Director British 0 - 32 (66.7%)
Resigned Andrew James GREEN 27 Nov 2014 31 Jan 2019 Company Director British 1 - 141 (6.7%)
Resigned Paul Robert JOHNSON 16 Jan 2013 31 Mar 2020 Chartered Accountant British 0 - 11 (100.0%)
Resigned Paul Steven WALSH 03 Jan 2012 24 Jun 2019 None English 5 - 194 (16.7%)
Resigned Michael WALKER 19 Apr 2011 27 Jan 2017 Professor And Consultant British 0 - 103 (30.0%)
Resigned Matthew John O'CONNOR 02 Feb 2009 31 Mar 2016 Director British 4 - 134 (23.5%)
Resigned Ian Colin TAYLOR 16 Jun 2008 12 Apr 2011 Retired British 0 - 11 (100.0%)
Resigned Nigel Adrian Dawson FOX 29 Jun 2007 27 Jan 2017 Accountant British 2 - 4411 (23.9%)
Resigned Frederick Edwin John Gedge BRACKENBURY 16 Apr 2007 31 Mar 2016 Director British 0 - 4522 (48.9%)
Resigned David Alan FOSTER 16 Apr 2007 31 Mar 2015 Director British 0 - 11 (100.0%)
Resigned William Penfold WYATT 16 Apr 2007 27 Nov 2014 Director British 10 - 259 (25.7%)
Resigned Michael John DESMOND 16 Apr 2007 02 May 2008 Director British 0 - 3410 (29.4%)
Resigned Charles Richard VOS 16 Apr 2007 27 Jan 2017 Director Consultant British 0 - 165 (31.3%)
Resigned David James BESTWICK 14 Mar 2007 30 Jun 2018 Director British 0 - 2812 (42.9%)
Resigned David John WILLIAMS 14 Mar 2007 10 Aug 2017 Director Chief Executive British 5 - 2812 (36.4%)
Resigned OVAL NOMINEES LIMITED 01 Mar 2007 14 Mar 2007 2 - 780368 (47.1%)
Resigned OVALSEC LIMITED 01 Mar 2007 14 Mar 2007 4 - 1482715 (48.1%)
Number of active directors: 5
Average tenure of active directors: 5.1 years
Average tenure of resigned directors: 4.5 years
Average active director Dissolution Rate: 62.9%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
AVANTI COMMUNICATIONS LIMITED (03101607) - In Administration
AVANTI BROADBAND LIMITED (03958887) - Active
AVANTI SPACE LIMITED (05316540) - Active
AVANTI COMMUNICATIONS INFRASTRUCTURE LIMITED (05316577) - Active
AVANTI SPACE 3 LIMITED (06020078) - Active
AVANTI SPACE 2B LIMITED (06036733) - Active
AVANTI COMMUNICATIONS GROUP PLC (06133927) - In Administration
AVANTI BROADBAND (IRE) LIMITED (06828865) - Active
AVANTI HYLAS 2 LIMITED (07072502) - Active
AVANTI COMMUNICATIONS MARKETING SERVICES LIMITED (07407494) - Active
AVANTI COMMUNICATIONS AFRICA INFRASTRUCTURE LIMITED (09995469) - Active
AVANTI COMMUNICATIONS AFRICA INFRASTRUCTURE 1 LIMITED (09995872) - Active
AVANTI COMMUNICATIONS AFRICA INFRASTRUCTURE 2 LIMITED (09996173) - Active
PALÉ HALL LIMITED (12089277) - Active
EQUITYTECH LTD (12267494) - Active
AVANTI HYLAS 2 CYPRUS LIMITED (FC033686) - Active

SHAREHOLDERS (BETA)

No shareholder data available

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

AVANTI COMMUNICATIONS GROUP PLC

Controlled companies below

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


Title Date filed Status Publication number
Satellite equipment 2016-08-30 Pending GB2553302
Satellite communications 2016-06-07 Pending GB2551153
Satellite operations support system 2016-05-09 Pending GB2557874
Spot-beam satellite 2015-08-21 Granted GB2534253
Satellite operations support system 2015-07-31 Granted GB2540945
Satellite beam monitoring 2015-07-27 Pending GB2541370
Satellite communication 2015-07-27 Pending GB2540774
Satellite communication 2015-07-27 Awaiting Applicant's Response GB2540775
Satellite communication 2015-07-27 In Order For Grant GB2540776
Satellite dish 2015-06-05 Awaiting Re-examination GB2539193
Satellite communication 2015-05-29 Awaiting Re-examination GB2538791
Satellite communication 2015-03-24 Awaiting Applicant's Response GB2536651

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 In Administration. Statistically, such companies have a VERY HIGH 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
Company status 99.8% 99.8% 99.4% High
Other companies Active in the same sector Too few competitors
Age 0.4% 1.7% 3.3% Medium
Company Type 1.7% 4.0% 5.9% Medium
Accounts category 0.6% 1.5% 2.5% Medium
Accounting Month 0.6% 2.4% 5.5% Medium
Sic code count 0.7% 3.5% 7.0% Medium
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