NAVARINO (UK) LIMITED

• ◆

  4 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

• ◆

  3 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

Consolidated group

Auditor

BURGESS HODGSON LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. NAVARINO (UK) LIMITED · parent
   1. Navarino Technology CY Limited 100% · Cyprus · Maritime Telecommunications and Related Technology
   2. Navarino Single Member S.A. 100% · Greece · Maritime Telecommunications and Related Technology
   3. Navarino PTE Ltd 100% · Singapore · Marketing services
   4. Navarino HK Limited 100% · Hong Kong · Marketing services
   5. Navarino Germany GMBH 100% · Germany · Marketing services
   6. Navarino USA Corp. 100% · USA · Marketing services
   7. Forecode S.A. 60% · Greece · Maritime Related Technology
   8. Navarino Dubai DMCC 100% · Dubai · Marketing services
   9. Navarino Elements P.C. 80% · Greece · Maritime Related Technology
   10. Navarino Elements CY Ltd 80% · Cyprus · Marketing services
   11. Navarino Japan 51% · Japan · Maritime Related Technology

Significant events

• “In January 2025 two companies, Castor Communications B.V. and Castor Networks Fixed Services B.V., were acquired by the parent company. and incorporated into the group. The initial consideration paid was $15m with additional deferred consideration of $383,644.”

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

Filings

19

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

4

last 12 months

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

• Turnover

  +22.2%

  £88,220,036 → £107,824,864

• Cash

  -8.1%

  £10,089,247 → £9,274,683

• Net assets

  +27.1%

  £23,776,442 → £30,227,403

• Employees

  +21.3%

  207 → 251

• Operating profit

  +31.2%

  £14,033,265 → £18,417,219

• Profit before tax

  +28.5%

  £13,349,248 → £17,157,040

• Wages

  +25.4%

  £7,247,177 → £9,090,687

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