AIRSPAN COMMUNICATIONS LIMITED
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Next accounts due
2025-12-31
Overdue
Confirmation statement due
2027-02-06 (in 9mo)
Last made up 2026-01-23
Watchouts
Cash
—
Latest balance sheet
Net assets
—
Equity attributable
Employees
—
Average over period
Profit before tax
-£21M
-10.8% vs 2022
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Annual accounts overdue
Due 2025-12-31.
-
Material uncertainty over going concern
The Company continues to restructure its intra group loans to relieve its debt burden and there is uncertainty that these plans will be realized or that forecasts will be achieved. These conditions raise material uncertainty about the Company's ability to continue as a going concern for at least one year after the date that these financial statements are issued.
Profit before tax
2-year trend · vs Telecommunications median
Accounts
2-year trend · latest reflected 2023-12-31
| Metric | Trend | 2022-12-31 | 2023-12-31 |
|---|---|---|---|
| Turnover | £21,188,000 | £4,139,000 | |
| Operating profit | -£17,845,000 | -£17,106,000 | |
| Profit before tax | -£18,561,000 | -£20,566,000 | |
| Net profit | -£18,569,000 | -£20,575,000 | |
| Cash | — | — | |
| Total assets less current liabilities | — | — | |
| Net assets | — | — | |
| Equity | — | — | |
| Average employees | — | — | |
| Wages | — | — |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2022-12-31 | 2023-12-31 |
|---|---|---|---|
| Operating margin | -84.2% | -413.3% | |
| Net margin | -87.6% | -497.1% | |
| Interest cover | -24.92x | -4.94x |
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 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Grant Thornton LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The Company continues to restructure its intra group loans to relieve its debt burden and there is uncertainty that these plans will be realized or that forecasts will be achieved. These conditions raise material uncertainty about the Company's ability to continue as a going concern for at least one year after the date that these financial statements are issued.”
Group structure
- AIRSPAN COMMUNICATIONS LIMITED · parent
- Airspan Networks Inc. 100%
- Airspan Networks Inc. 100%
- Airspan Networks (SG) Inc. 100%
- Airspan Networks (Belgium) Co Ltd 100%
- Airspan Networks (China) Co Ltd 100%
- Airspan Networks (Israel) Ltd 100%
- Airspan Japan K.K. 100%
- Airspan India Private Limited 99%
- Airspan Networks (India) Private Limited 100%
- Airspan Communications Limited (Nepal) 100%
- Airspan Communications Ltd 100%
- Airspan Italy S.R.L. 100%
- Airspan Vietnam Limited 100%
- Airspan Networks (Vietnam) 100%
- Airspan (Ireland) Limited 100%
- Airspan Networks (Finland) OY Limited 100%
- Airspan Networks Ireland Limited 100%
- Airspan Networks Limited 100%
Significant events
- “On 31 March 2024, the Company's U.S. parent and its U.S. subsidiaries filed voluntary petitions for relief under Chapter 11 of title 11 in the U.S. Bankruptcy Court. The Company and its U.S. subsidiaries emerged from Chapter 11 on 11 October 2024.”
- “In connection with the Chapter 11 Cases, on 1 April 2024, the staff of NYSE Regulation announced its determination to commence proceedings to delist Airspan TopCo's common stock (the "Common Stock") from NYSE American LLC ("NYSE American"), and trading of the Common Stock was suspended immediately.”
- “On 11 October 2024, Airspan TopCo filed a Form 15 with the SEC to suspend the Airspan Group's public reporting obligations with the SEC under Section 15(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act").”
- “In calendar year 2023, the Airspan Group continued to invest in 4G and 5G development activities and customer engagements. These significant investments, combined with the impact of the continuing global economic conditions in 2023, had a significant impact on available resources and credit facilities.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FLAHERTY, Raymond Francis | Secretary | 2007-02-22 | — | British |
| BRANT, David Mark Elias | Director | 2006-10-01 | Jul 1963 | British |
| LAXDAL, Glenn | Director | 2024-01-30 | Apr 1960 | American |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BRANT, David Mark Elias | Secretary | 1998-01-26 | 2006-10-01 |
| CURRY, Jason Michael Robert | Secretary | 2006-10-01 | 2007-02-21 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 1998-01-26 | 1998-01-26 |
| CAFFARELLI, Joseph | Director | 1999-10-25 | 2000-12-14 |
| CLAYDON, Peter Anthony John | Director | 2012-03-13 | 2013-05-02 |
| HUSEBY, Thomas | Director | 1998-01-26 | 2000-12-14 |
| PAGET, Jonathan | Director | 2000-12-29 | 2006-08-01 |
| SENIOR, Paul Nicholas | Director | 2013-05-03 | 2021-11-05 |
| STONESTROM, Eric Donald | Director | 1998-01-26 | 2023-12-27 |
| YEUNG, Joemanne | Director | 2009-01-01 | 2011-11-29 |
| INSTANT COMPANIES LIMITED | Corporate Nominee Director | 1998-01-26 | 1998-01-26 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 174 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-19 | AA | accounts | Accounts with accounts type full | |
| 2024-10-15 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-10-15 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-10-15 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-10-15 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-10-15 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-10-15 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-10-15 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-04-18 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-16 | AA | accounts | Accounts with accounts type full | |
| 2024-02-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-14 | TM01 | officers | Termination director company with name termination date | |
| 2023-05-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-05-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-02-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-12 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-01-07 | AA | accounts | Accounts with accounts type group | |
| 2022-07-20 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 1
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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.
Year-on-year
FY2022 → FY2023 · period ending 2023-12-31 vs 2022-12-31
-
Turnover
-80.5%
£21,188,000 £4,139,000
-
Cash
—
Not reported
-
Net assets
—
Not reported
-
Employees
—
Not reported
-
Operating profit
+4.1%
-£17,845,000 -£17,106,000
-
Profit before tax
-10.8%
-£18,561,000 -£20,566,000
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