NAVIGA UK 1 LIMITED

• ⚠

  Material uncertainty over going concern

  Despite the material uncertainty, the directors continue to adopt the going concern basis of accounting which assumes that the company will be able to continue in operational existence for the foreseeable future. The validity of this assumption depends on the company continuing to meet its day to day working capital needs from the cash available or through further support from the intermediate parent company, Naviga, Inc which is indirectly 100% owned by the Parent Company. The directors are closely monitoring performance and cash flows and are confident that these will continue to be managed effectively. As a result of the above the directors believe that it is appropriate for the financial statements to be prepared on a going concern basis.

1. NAVIGA UK 1 LIMITED 2019-11-27 → present
2. NEWSCYCLE SOLUTIONS UK LIMITED 2014-02-21 → 2019-11-27
3. DIGITAL TECHNOLOGY INTERNATIONAL LIMITED 1999-07-02 → 2014-02-21
4. DPS TYPECRAFT LIMITED 1988-05-16 → 1999-07-02
5. DIGITAL PUBLISHING SYSTEMS LIMITED 1985-02-11 → 1988-05-16
6. ADVASIGN LIMITED 1985-01-11 → 1985-02-11

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Crowe UK LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Despite the material uncertainty, the directors continue to adopt the going concern basis of accounting which assumes that the company will be able to continue in operational existence for the foreseeable future. The validity of this assumption depends on the company continuing to meet its day to day working capital needs from the cash available or through further support from the intermediate parent company, Naviga, Inc which is indirectly 100% owned by the Parent Company. The directors are closely monitoring performance and cash flows and are confident that these will continue to be managed effectively. As a result of the above the directors believe that it is appropriate for the financial statements to be prepared on a going concern basis.”

Group structure

1. NAVIGA UK 1 LIMITED · parent
   1. Abacus Software Limited 100% · London · Computer systems and services
   2. Acquire Media UK Limited 100% · London · Dormant
   3. The Media Services Group Limited 100% · London · Dormant
   4. Project Mars Holdings Limited 100% · London · Holding company
   5. Project Mars Finance Limited 100% · London · Holding company
   6. Miles 33 Group Limited 100% · London · Holding company
   7. Miles 33 Limited 100% · London · Computer systems and services
   8. Miles 33 International Limited 100% · London · Dormant
   9. Miles 33 Sdn Bhd 100% · Malaysia · Computer systems and services
   10. Miles 33 USA Inc 100% · USA · Holding company
   11. Miles 33 LLC 100% · USA · Computer systems and services
   12. Miles 33 International LLC 100% · USA · Computer systems and services
   13. Miles 33 S.r.l. 100% · Italy · Computer systems and services
   14. Urdgrup Limited 100% · London · Holding company

Significant events

• “In March 2024 the company acquired the trade and assets of Press Computer Systems (PCS) in the UK. PCS is a long established and respected competitor in the industry so this acquisition increases our customer base, adds new products and services to our portfolio and further consolidates Naviga's strength and leading position in the UK market.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +84.7%

  £2,588,000 → £4,780,000

• Cash

  -22.7%

  £352,000 → £272,000

• Net assets

  +1%

  £16,518,000 → £16,677,000

• Employees

  +200%

  8 → 24

• Operating profit

  -151.3%

  £1,512,000 → -£776,000

• Profit before tax

  -91.8%

  £2,993,000 → £246,000

• Wages

  +314.6%

  £336,000 → £1,393,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers