NAVIAM ACQUISITION CORP LTD

Company number

13355220

Status

Active

Incorporation

2021-04-23

Last accounts made up

2024-06-30

Account category

GROUP

Primary SIC

62012

Hubs

UK AI & Enterprise SaaS

Values shown as filed in iXBRL accounts. — indicates the figure was not present in the extracted filing (either not filed under that concept or absent from the period). About these numbers

Accounting basis

FRS 102

Reporting scope

Consolidated (group)

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The group and the parent company are dependent on successfully refinancing the existing loan facilities, which is not guaranteed. This indicates the existence of a material uncertainty which may cast significant doubt on the group's and the company's ability to continue as a going concern and, therefore, the group and the parent company may be unable to realise their assets and discharge their liabilities in the normal course of business.”

Subsidiaries

• Naviam Investments Limited (formerly Galanthus Investmerts Limited) · 100% held
• Galanthus Group Holdings Limited · 100% held
• Galanthus USA Acquisition Corp · 100% held
• Naviam Global Limited (formerly BPD Global Group Limited) · 100% held
• Galanthus Partners Limited · 100% held
• Naviam Technologies Limited (formerly BPD Zenith Limited) · 100% held
• Naviam Holdings ANZ PTY Ltd (formerly BPD Zenith Holdings (ANZ) Pty Ltd) · 100% held
• Naviam AUST Pty Limited (formerly BPD Zenith (AUST) Pty Ltd) · 100% held
• Naviam NZ PTY Limited (formerly BPD Zenith (NZ) Pty Ltd) · 100% held
• Projetech, Inc · 100% held
• Naviam Services LLC · 100% held
• Naviam Canada Limited (formerly BPD Zenith Software Solutions (Canada) Limited) · 100% held
• Naviam Singapore Pte Limited (formerly BPD Zenith (Singapore) Pte Limited) · 100% held
• Zenith (Macau) Limited · 100% held
• Love your Assets with IoT Limited · 51% held
• Lexco Limited · 100% held
• Naviam (Malaysia) SDN BHD (formerly BPD Zenith (Malaysia) SDN BHD) · 100% held
• Peacock Engineering Limited · 100% held
• Peacock Engineering India Private Limited · 99% held
• EAM Maas AG · 100% held
• EAM Swiss GmbH · 100% held
• EAM Swiss International GmbH · 100% held
• InterPro Solutions LLC · 100% held

Significant events

• “In October 2024 there was a secondary share transaction at the ultimate group parent company where roughly £20m shares traded hands among existing shareholders. As part of this a new CSOP Scheme to selected employees was implemented. The uptake was positive and the required notice was made to HMRC to register the scheme which is now active.”
• “On 23rd October 2024 the group acquired a US subsidiary that resulted in additional financing. Initially the group used the revolving facility which was repaid in full when the funding exercise completed in January 2025. The cross guarantees between the group companies remain in place.”
• “Further to the M&A Activities in July 2021 and across the year, earnout payments of circa £2.6m were completed in January & February 2025.”
• “In December 2024, the group completed additional software purchases of approx. £1.4m financed over 2 years at normal commercial terms.”
• “On 21st May 2025, the group acquired a US subsidiary. On 22nd May 2025, the group acquired a Dutch subsidiary, these acquisitions resulted in additional financing. The cross guarantees between the group companies remain in place. The original £5.9m and $19m USD loan terms were extended to expire in 2028.”
• “During July 2023, the company issued 62,500,527,675 Preference shares and 625,012 Ordinary shares of £0.00001 each for a total of £2,000,000.”
• “Also at this time, shares were issued as a roll over on the acquisition of Peacock Engineering Limited of 62,500,527,675 Preference shares and 625,012 Ordinary shares of £0.00001 each for a total of £2,000,000.”
• “During April 2024, shares were issued as a roll-over on the acquisition of Interpro Solutions LLC of 62,062,066,037 Preference shares and 619,776 Ordinary shares of £0.00001 each for a total of £2,016,500.”
• “During the year, an EMI scheme was initiated. This involved 2 employees having options on purchasing 535,724 shares with a value of £0.00001 each at an exercise price of £2.20 per ordinary share.”
• “During July 2023, the group acquired 100% of Peacock Engineering Limited (PEL), a UK based company with a subsidiary in India. PEL sell software solutions and associated services. The company paid £27,239,341, the composition of which is discussed further below.”
• “During January 2024, the group acquired 100% of EAM Maas Ag and EAM Swiss GmbH, companies based in Switzerland with a subsidiary in Austria ('the EAM Group'). The EAM Group sell software solutions and associated services. The company paid £2,403,652, the composition of which is discussed further below.”
• “During April 2024, the group acquired 100% of the member's interest of Interpro Solutions LLC. Interpro Solutions LLC sell software solutions and associated services. The company paid £15,554,001 the composition of which is discussed further below.”

Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers