THALES ALENIA SPACE UK LIMITED

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

IFRS

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“On the basis of all of this, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for 12 months from the approval of the balance sheet (the going concern period). On this basis the Directors consider it appropriate to prepare the financial statements on a going concern basis.”

Significant events

• “In mid-2024 Thales Alenia Space UK has significantly changed its strategy in the UK to address these challenges, announcing a specific focus on Space Propulsion & Refuelling, and creating offers for the UK Defence Market.”
• “A significant number of roles have been impacted in Thales Alenia Space UK and as well as compulsory redundancies all possible actions were taken to redeploy as many staff as possible. The restructuring also results in the closure of one of the office facilities based out of Bristol planned in 2025.”
• “One-off restructuring costs contained within the statement of income such as exiting lease arrangements, dilapidation costs, site moves and termination payments.”
• “MicroCarb: The assembly, integration and testing of the full satellite was completed in first quarter of 2024 and it has been shipped to France where our team will support a launch in mid-2025.”
• “Thales Alenia Space UK moved all Harwell staff into a new office on the Harwell campus where Thales Alenia Space UK are collocated in a building with the UK Space Agency.”
• “On 24 June 2025, TAS UK received £115m of additional share capital from its parent company, Thales Alenia Space SAS. This has strengthened the financial position of TAS UK.”

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

Filings

4

last 12 months

Capital events

1

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

  -21.4%

  £48,759,000 → £38,341,000

• Cash

  -25.6%

  £1,206,000 → £897,000

• Net assets

  -37.3%

  -£57,045,000 → -£78,302,000

• Employees

  -0.9%

  214 → 212

• Profit before tax

  -202.7%

  -£7,451,000 → -£22,556,000

• Wages

  +7.9%

  £14,788,000 → £15,963,000

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