MITEL EUROPE LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-06-11 (in 1mo)
Last made up 2025-05-28
Watchouts
None on the register
Cash
£3M
+7.8% vs 2023
Net assets
£141M
-65.3% vs 2023
Employees
8
-38.5% vs 2023
Profit before tax
-£266M
-5,543.1% vs 2023
Net assets
2-year trend · vs Technology median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £6,941,000 | £7,511,000 | |
| Operating profit | -£2,869,000 | -£2,834,000 | |
| Profit before tax | £4,881,000 | -£265,679,000 | |
| Net profit | £4,877,000 | -£265,679,000 | |
| Cash | £2,769,000 | £2,985,000 | |
| Total assets less current liabilities | £477,021,000 | £140,956,000 | |
| Net assets | £406,619,000 | £140,956,000 | |
| Equity | £406,619,000 | £140,956,000 | |
| Average employees | 13 | 8 | |
| Wages | £2,921,000 | £1,918,000 |
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -41.3% | -37.7% | |
| Net margin | 70.3% | -3537.2% | |
| Return on capital employed | -0.6% | -2.0% | |
| Current ratio | 13.04x | 1.12x | |
| Interest cover | -6.61x | -1.22x |
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
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have considered the Company's projected future cash flows and working capital requirements for a period of at least 12 months from signing of these financial statements. As at 31 December 2024, the Company had net current assets of £8 million (2023: £191 million) and net assets of £141 million (2023: £407 million). The Company held cash of £2.9 million (2023: £2.8 million) and loans and borrowings of £34.7 million (2023: £13 million), of which £34.7 million (2023: £0.61 million) is due within 18 months from the signing of these financial statements. The loss for the year was £266 million (2023: £5 million profit). The directors have received confirmation that the parent, Mitel Networks (International) Limited, will continue to support the Company for at least the 12 months from signing of these financial statements. After making enquiries, the directors have a reasonable expectation that the parent's going concern assessment confirms that there is sufficient forecast committed liquidity headroom for the parent to provide this support and the Company will therefore have adequate resources to continue in operational existence for at least twelve months from the date of approval of the financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.”
Group structure
- MITEL EUROPE LIMITED · parent
- Mitel Networks Holdings Limited 100%
- Mitel Networks Limited 100%
- Mitel Networks Pension Trustee Co. Ltd 100%
- Unify Holding UK 1 Limited 100%
- Mitel Networks Romania S.R.L. 100%
- Mitel Networks (Bulgaria) EOOD 100%
- Mitel Networks Greece AE 100%
- Mitel Networks Hungary Kft 100%
- MLN DE HoldCo GmbH 100%
- Mitel Deutschland GmbH 100%
- Unify GmbH Co. KG GE 100%
- Unify Funding GmbH GE 100%
- Unify Software and Solutions GmbH & Co.KG 100%
- Unify Communication and Collaboration GmbH & Co.KG 100%
- Unify Deutschland Holding GmbH 100%
- MLN SE HoldCo AB 100%
- MLN Sweden AB 100%
- Mitel Netherlands BV 100%
- Mitel Schweiz AG 100%
- Mitel Denmark A/S 100%
- Mitel France SAS 100%
- Mitel Italia S.p.A 100%
- Mitel Communications Finland Ab 100%
- Mitel Norway AS 100%
- Mitel Belgium NV 100%
- Mitel Austria GmbH 100%
- Aastra Telecom Portugal SA 100%
- Mitel Spain, S.L. 100%
- Unify Communications SAU Spain 100%
- Mitel Networks Middle East FZ-LLC 100%
- Mitel Communications Private Limited 100%
- Mitel Czech Republic s.r.o. 99%
- Mitel South Pacific Pty Limited 100%
- ShoreTel Australia Pty Ltd 100%
- Aastra Telecom Australia Pty Ltd 100%
- Mitel Networks (New Zealand) Limited 100%
- Mitel (Far East) Limited 100%
- Mitel (Suzhou) Limited 100%
- Unify Holdings B.V. 100%
- Unify Overseas Holdings B.V. 100%
- Unify Sp. Z.o.o. 100%
- Unify Communications SpA 100%
- Unify Enterprise UK Holdings Ltd 100%
- Unify AG 100%
- Unify Enterprise Communications Limited 100%
- Unify UK International Limited 100%
- Unify Communications S.A. 100%
- Unify Limitada 100%
- Unify Limited 100%
- Unify Limited 100%
- Unify Germany Holdings B.V. 100%
- Enterprise Systems Technologies S.a.r.l. 100%
- Unify International Verwaltung GmbH 100%
- Unify Beteiligungsverwaltung GmbH & Co. KG 100%
- Unify Patente GmbH & Co.KG GE 100%
- Unify Corporate GmbH Swi NC 100%
- Unify Italy S.r.I 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HISCOCK, Gregory J. | Secretary | 2014-05-28 | — | — |
| DE VRIES, Bartus | Director | 2024-09-11 | Feb 1971 | Dutch |
| EVANS, Craig Justin | Director | 2017-09-15 | Feb 1972 | British |
| HISCOCK, Gregory James | Director | 2017-06-16 | Apr 1967 | Canadian |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| TAYLOR WESSING SECRETARIES LIMITED | Corporate Secretary | 2014-05-28 | 2014-05-28 |
| BEVINGTON, Graham | Director | 2014-05-28 | 2016-04-05 |
| BURSBY, Richard Michael | Director | 2014-05-28 | 2014-05-28 |
| EVANS, James Andrew | Director | 2014-05-28 | 2017-06-16 |
| HODGETTS, Richard Eric | Director | 2017-12-01 | 2024-04-24 |
| SKELLON, Simon | Director | 2016-04-05 | 2017-08-31 |
| SPOONER, Steven Edward | Director | 2014-05-28 | 2017-08-21 |
| TAYLOR, Sarah Jane | Director | 2017-08-21 | 2024-09-11 |
| HUNTSMOOR LIMITED | Corporate Director | 2014-05-28 | 2014-05-28 |
| HUNTSMOOR NOMINEES LIMITED | Corporate Director | 2014-05-28 | 2014-05-28 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mitel Networks (International) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-11-30 | Active |
| Mln Acquisitionco Ulc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2018-11-30 |
Filing timeline
Last 20 of 96 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-06 | AA | accounts | Accounts with accounts type full | |
| 2025-07-17 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-07-16 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-07-16 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-07-16 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-07-16 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-07-16 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-07-16 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-06-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-06-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-06-25 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-06-24 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-06-24 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-05-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-23 | CH01 | officers | Change person director company with change date | |
| 2025-05-23 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-04-22 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-12-16 | AA | accounts | Accounts with accounts type full | |
| 2024-12-09 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-22 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 16
- 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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+8.2%
£6,941,000 £7,511,000
-
Cash
+7.8%
£2,769,000 £2,985,000
-
Net assets
-65.3%
£406,619,000 £140,956,000
-
Employees
-38.5%
13 8
-
Operating profit
+1.2%
-£2,869,000 -£2,834,000
-
Profit before tax
-5,543.1%
£4,881,000 -£265,679,000
-
Wages
-34.3%
£2,921,000 £1,918,000
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