NASSTAR LIMITED
Get an alert when NASSTAR LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Next accounts due
2026-09-29 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-21 (in 10mo)
Last made up 2026-03-07
Watchouts
Cash
£5M
-48.3% vs 2023
Net assets
-£89M
+78.9% vs 2023
Employees
862
-10.2% vs 2023
Profit before tax
-£108M
+42.7% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Name history
Renamed 1 time since incorporation
- NASSTAR LIMITED 2021-03-16 → present
- DIVITIAS BIDCO LIMITED 2018-04-27 → 2021-03-16
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £176,229,000 | £148,624,000 | |
| Operating profit | -£138,659,000 | -£49,270,000 | |
| Profit before tax | -£188,015,000 | -£107,740,000 | |
| Net profit | -£177,744,000 | -£107,802,000 | |
| Cash | £10,335,000 | £5,344,000 | |
| Total assets less current liabilities | -£227,829,000 | £28,694,000 | |
| Net assets | -£424,933,000 | -£89,487,000 | |
| Equity | -£424,933,000 | -£89,487,000 | |
| Average employees | 960 | 862 | |
| Wages | £46,689,000 | £43,912,000 |
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 | -78.7% | -33.2% | |
| Net margin | -100.9% | -72.5% | |
| Return on capital employed | 60.9% | -171.7% | |
| Current ratio | 0.16x | 1.05x | |
| Interest cover | -2.80x | -0.84x |
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
- Consolidated group
- Auditor
- Cooper Parry Group Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Director has reviewed a Base Case forecast through to December 2026, reflecting prudent assumptions on revenue growth, EBITDA margin improvements, and net working capital position. The forecast shows that under the Base Case; the Group has sufficient liquidity and capital headroom. The Director has obtained written commitments and expects the continued financial support of the Group's investors. Based on these forecasts and the secured funding, the Director is satisfied that the Group has sufficient resources to continue operating for at least 12 months from the date of approval of the financial statements.”
Group structure
- NASSTAR LIMITED · parent
- ACT Teleconferencing Malaysia Sdn. Bhd 100%
- Blue Chip Data Systems Limited 100%
- Colibri Digital RO S.R.L 100%
- Colibri Limited 100%
- Denara Holdings Limited 100%
- Digital IP Holdings Limited 100%
- Digital IP Limited 100%
- e-know.net Inc 100%
- Edge Contact Solutions Limited 100%
- Edge Technical Resources Limited 100%
- Erskine Logie Cloud Limited 100%
- Evolution Telco Limited 100%
- Freedom Communications (U.K.) Limited 100%
- Fusion Managed Services Limited 100%
- Fusion Media Networks Limited 100%
- GCI Network Solutions Limited 100%
- Global Communication Integrators Limited 100%
- IA3 Limited 100%
- Invomo Limited 100%
- IP Infrastructures Limited 100%
- Modality Systems Inc. 100%
- Modality Systems Limited 100%
- Modality Systems Pty Ltd 100%
- Nasstar (UK) Limited 100%
- Nasstar For Recruitment Limited 100%
- Nasstar Managed Services Group Limited 100%
- Nasstar Services Limited 100%
- Nasstar South Limited 100%
- Nasstar Systems Limited 100%
- Nasstar Trading Limited 100%
- Netservices UK Limited 100%
- Packet Media Limited 100%
- Packet Media Holdings Limited 100%
- Sweet Telecom Limited 100%
Significant events
- “In 2024, Nasstar made strategic moves to reinforce its position as a trusted technology partner for the UK's upper mid-market, enterprise, and public sector organisations.”
- “The Group narrowed its customer base in order to focus on its target market, streamlined its portfolio and retired legacy platforms and services that no longer met the high standards or future needs of its customers.”
- “To support this transformation, the Group started a balance sheet restructuring in the second half of 2024, including the technical administration of the non-trading Holdco entity, Nasstar Group Limited.”
- “The business simplified its balance sheet by putting its non-trading holding company (Nasstar Group Limited) into administration in September 2024 and selling the trading subsidiaries to a new investment vehicle (Togo Bidco Limited), majority owned by funds managed by Arcmont Asset Management.”
- “Funds managed by Arcmont Asset Management converted a portion of their debt claims into preferred equity instruments. This resulted in reducing debt and PIK interest from c.£203m to c.£111.7m in December 2024, and secured additional investor backing.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HALBARD, Christopher Neal | Director | 2026-04-16 | Nov 1966 | British |
| SENIOR, David Leslie | Director | 2025-10-10 | Feb 1973 | British |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| AHMAD, Waqqas | Director | 2018-04-27 | 2018-05-04 |
| ALLEN, Mark David | Director | 2018-05-04 | 2019-04-08 |
| BUDGE, Kevin John | Director | 2020-07-25 | 2023-08-18 |
| CHURCHILL, Wayne Winston | Director | 2019-09-10 | 2023-08-18 |
| COSGRAVE, Michael Paul | Director | 2023-03-15 | 2026-04-14 |
| HOWARD, Timothy David | Director | 2019-04-29 | 2019-10-07 |
| MCLAUCHLAN, Craig | Director | 2019-04-29 | 2020-07-22 |
| SASAKI, Daniel William | Director | 2018-04-27 | 2018-05-04 |
| THIRKILL, Adrian Albert | Director | 2018-05-04 | 2019-08-27 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Togo Bidco Limited | Corporate entity | Shares 75–100% | 2024-11-05 | Active |
| Nasstar Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-04-27 | Ceased 2024-11-05 |
Filing timeline
Last 20 of 68 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-29 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-28 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-23 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-04 | AA | accounts | Accounts with accounts type group | |
| 2025-05-27 | AAMD | accounts | Accounts amended with accounts type group | |
| 2025-05-20 | AAMD | accounts | Accounts amended with accounts type group | |
| 2025-04-22 | AA | accounts | Accounts with accounts type group | |
| 2025-03-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-12-27 | AA01 | accounts | Change account reference date company previous shortened | |
| 2024-11-25 | SH01 | capital | Capital allotment shares | |
| 2024-11-22 | SH01 | capital | Capital allotment shares | |
| 2024-11-22 | SH01 | capital | Capital allotment shares | |
| 2024-11-22 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-11-22 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-11-14 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-11-13 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-08-28 | SH01 | capital | Capital allotment shares | |
| 2024-08-05 | AA | accounts | Accounts with accounts type audit exemption subsiduary | |
| 2024-08-05 | PARENT_ACC | accounts | Legacy |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 4
- Officers appointed
- 2
- Officers resigned
- 1
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
-15.7%
£176,229,000 £148,624,000
-
Cash
-48.3%
£10,335,000 £5,344,000
-
Net assets
+78.9%
-£424,933,000 -£89,487,000
-
Employees
-10.2%
960 862
-
Operating profit
+64.5%
-£138,659,000 -£49,270,000
-
Profit before tax
+42.7%
-£188,015,000 -£107,740,000
-
Wages
-5.9%
£46,689,000 £43,912,000
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