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AVANTI COMMUNICATIONS GROUP PLC
C/O FTI CONSULTING 200 ALDERSGATE, ALDERSGATE STREET, LONDON, ENGLAND, EC1A 4HDCompany 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-2021Accounts 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 |
** 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) |
---|---|---|---|---|---|---|
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 - 0 | 1 (50.0%) | |
Active | Derek Gordon SMITH | 01 Jun 2021 | Chartered Accountant | British | 1 - 0 | 1 (100.0%) | |
Resigned | Sean William BERRY | 31 Dec 2020 | 27 Jan 2022 | Investment Professional | Canadian | 0 - 1 | 1 (100.0%) |
Resigned | John Vladimir SLAMECKA | 13 Sep 2020 | 28 Sep 2020 | Director | American | 0 - 1 | 1 (100.0%) |
Resigned | Richard David ALDEN | 02 Mar 2020 | 17 Jun 2021 | Director | British | 0 - 1 | 1 (100.0%) |
Resigned | Christopher William MCLAUGHLIN | 20 Jun 2019 | 12 Aug 2020 | Director | British | 0 - 1 | 1 (100.0%) |
Resigned | Adam KLEINMAN | 12 Mar 2019 | 18 Jan 2022 | Director | American | 0 - 1 | 1 (100.0%) |
Resigned | John SLÁMEČKA | 01 Dec 2018 | 13 Sep 2020 | Director | American | 0 - 1 | 1 (100.0%) |
Active | Kyle David WHITEHILL | 03 Apr 2018 | Chief Executive | British | 14 - 0 | 2 (14.3%) | |
Resigned | Nigel Adrian Dawson FOX | 12 Sep 2017 | 26 May 2020 | Director | English | 1 - 2 | 1 (33.3%) |
Resigned | Christopher William MCLAUGHLIN | 01 Sep 2017 | 01 Jun 2018 | Director | British | 2 - 3 | 3 (60.0%) |
Active | Alan Paul HARPER | 17 Mar 2017 | Director | British | 2 - 0 | 1 (50.0%) | |
Resigned | Craig CHOBOR | 27 Jan 2017 | 03 Feb 2022 | Director | American | 0 - 1 | 1 (100.0%) |
Resigned | Michael LEITNER | 27 Jan 2017 | 31 Dec 2020 | Director | American | 0 - 1 | 1 (100.0%) |
Resigned | Peter Andrew REED | 27 Jan 2017 | 12 Mar 2019 | Director | American | 0 - 1 | 1 (100.0%) |
Resigned | Craig CHOBOR | 27 Jan 2017 | 03 Feb 2022 | Director | American | 1 - 1 | 1 (50.0%) |
Active | Richard MASTOLONI | 20 Dec 2016 | Director | American | 1 - 0 | 1 (100.0%) | |
Resigned | Charmaine Bridgette EGGBERRY | 27 Nov 2014 | 27 Jan 2017 | Commercial Director | British | 0 - 3 | 2 (66.7%) |
Resigned | Andrew James GREEN | 27 Nov 2014 | 31 Jan 2019 | Company Director | British | 1 - 14 | 1 (6.7%) |
Resigned | Paul Robert JOHNSON | 16 Jan 2013 | 31 Mar 2020 | Chartered Accountant | British | 0 - 1 | 1 (100.0%) |
Resigned | Paul Steven WALSH | 03 Jan 2012 | 24 Jun 2019 | None | English | 5 - 19 | 4 (16.7%) |
Resigned | Michael WALKER | 19 Apr 2011 | 27 Jan 2017 | Professor And Consultant | British | 0 - 10 | 3 (30.0%) |
Resigned | Matthew John O'CONNOR | 02 Feb 2009 | 31 Mar 2016 | Director | British | 4 - 13 | 4 (23.5%) |
Resigned | Ian Colin TAYLOR | 16 Jun 2008 | 12 Apr 2011 | Retired | British | 0 - 1 | 1 (100.0%) |
Resigned | Nigel Adrian Dawson FOX | 29 Jun 2007 | 27 Jan 2017 | Accountant | British | 2 - 44 | 11 (23.9%) |
Resigned | Frederick Edwin John Gedge BRACKENBURY | 16 Apr 2007 | 31 Mar 2016 | Director | British | 0 - 45 | 22 (48.9%) |
Resigned | David Alan FOSTER | 16 Apr 2007 | 31 Mar 2015 | Director | British | 0 - 1 | 1 (100.0%) |
Resigned | William Penfold WYATT | 16 Apr 2007 | 27 Nov 2014 | Director | British | 10 - 25 | 9 (25.7%) |
Resigned | Michael John DESMOND | 16 Apr 2007 | 02 May 2008 | Director | British | 0 - 34 | 10 (29.4%) |
Resigned | Charles Richard VOS | 16 Apr 2007 | 27 Jan 2017 | Director Consultant | British | 0 - 16 | 5 (31.3%) |
Resigned | David James BESTWICK | 14 Mar 2007 | 30 Jun 2018 | Director | British | 0 - 28 | 12 (42.9%) |
Resigned | David John WILLIAMS | 14 Mar 2007 | 10 Aug 2017 | Director Chief Executive | British | 5 - 28 | 12 (36.4%) |
Resigned | OVAL NOMINEES LIMITED | 01 Mar 2007 | 14 Mar 2007 | 2 - 780 | 368 (47.1%) | ||
Resigned | OVALSEC LIMITED | 01 Mar 2007 | 14 Mar 2007 | 4 - 1482 | 715 (48.1%) |
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 |