NAVANTIA UK LTD.
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Cash
£63M
+79% highest in 4 filed years
Net assets
£29M
+1,721.1% highest in 4 filed years
Employees
978
+3,975% highest in 4 filed years
Profit before tax
-£60M
-2,279.5% vs 2024
Net assets
4-year trend · vs Industrials median
Accounts
4-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|
| Turnover | — | — | £73,088,159 | £199,702,616 | +173.2% | |
| Operating profit | — | — | £2,343,828 | -£59,309,080 | -2,630.4% | |
| Profit before tax | — | — | £2,774,799 | -£60,477,696 | -2,279.5% | |
| Net profit | — | — | £1,590,768 | -£47,398,562 | -3,079.6% | |
| Cash | £46,965 | £1,171,654 | £35,066,153 | £62,777,774 | +79% | |
| Total assets less current liabilities | -£49,839 | £981,405 | £2,473,539 | £56,401,093 | +2,180.2% | |
| Net assets | -£49,839 | £12,902 | £1,603,670 | £29,205,108 | +1,721.1% | |
| Equity | -£49,839 | £12,902 | £1,603,670 | £29,205,108 | +1,721.1% | |
| Average employees | 3 | 5 | 24 | 978 | +3,975% | |
| Wages | — | — | £4,274,575 | £46,394,850 | +985.4% | |
| Directors' remuneration | — | — | £785,040 | £888,879 | +13.2% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|
| Operating margin | — | — | 3.2% | -29.7% | |
| Net margin | — | — | 2.2% | -23.7% | |
| Return on capital employed | — | — | 94.8% | -105.2% | |
| Current ratio | — | — | 1.01x | 0.69x | |
| Interest cover | — | — | 9.46x | -25.87x |
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.
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Forvis Mazars LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors believe that the Company will continue in operational existence for the foreseeable future by meeting its liabilities as they fall due for payment and therefore have prepared the financial statements on a going concern basis.”
Significant events
- “During the financial year, the Company made a significant investment in acquiring the assets of Harland & Wolff intended to increase production capacity and ensure the delivery of the existing FSS programme currently underway.”
- “On 7 March 2025, the Company signed an amendment to the FSS contract as a way to formalise the commission agreed with the UK Government on 6 December 2024.”
- “Subsequent to the year end, uncertainty has increased as a result of ongoing military conflict in the Middle East. Tensions arising from this conflict may have an adverse impact on the global economy, including volatility in foreign exchange markets, increases in interest rates and pressures on liquidity.”
- “On 22 January 2025, the Company issued 75,000,000 ordinary shares with a nominal value of £1 each.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ISIDRO MARTINEZ, Alberto | Director | 2024-10-10 | Oct 1977 | Spanish |
| MARTINEZ PEREZ DE ROJAS, Donato | Director | 2025-08-18 | Dec 1976 | Spanish |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BLANCO, Agustin Alvarez | Director | 2022-05-11 | 2024-10-10 |
| GARCIA, Juan Ignacio De La Cueva | Director | 2022-05-11 | 2025-08-18 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Sociedad Estatal De Participaciones Industriales | Legal person | Shares 75–100%, Voting 75–100% | 2022-05-11 | Active |
Filing timeline
Last 20 of 21 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-28 | AA | accounts | Accounts with accounts type full | |
| 2025-11-25 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-08-19 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-19 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-22 | AA | accounts | Accounts with accounts type full | |
| 2025-02-05 | SH01 | capital | Capital allotment shares | |
| 2024-11-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-21 | AAMD | accounts | Accounts amended with accounts type full | |
| 2024-10-12 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-12 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-19 | AA | accounts | Accounts with accounts type unaudited abridged | |
| 2023-12-21 | AA | accounts | Accounts with accounts type small | |
| 2023-11-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-27 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-08-31 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-07-10 | CH01 | officers | Change person director company with change date | |
| 2023-07-10 | CH01 | officers | Change person director company with change date | |
| 2023-07-10 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-03-10 | AA01 | accounts | Change account reference date company previous shortened | |
| 2022-11-08 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 1
- Officers appointed
- 1
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.