NAVIAM ACQUISITION CORP LTD

• ⚠

  Confirmation statement overdue

  Due 2026-05-06.

• ⚠

  Material uncertainty over going concern

  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.

1. NAVIAM ACQUISITION CORP LTD 2025-05-13 → present
2. GALANTHUS ACQUISITION CORP LTD 2021-04-23 → 2025-05-13

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

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.”

Group structure

1. NAVIAM ACQUISITION CORP LTD · parent
   1. Naviam Investments Limited (formerly Galanthus Investmerts Limited) 100%
   2. Galanthus Group Holdings Limited 100%
   3. Galanthus USA Acquisition Corp 100%
   4. Naviam Global Limited (formerly BPD Global Group Limited) 100%
   5. Galanthus Partners Limited 100%
   6. Naviam Technologies Limited (formerly BPD Zenith Limited) 100%
   7. Naviam Holdings ANZ PTY Ltd (formerly BPD Zenith Holdings (ANZ) Pty Ltd) 100%
   8. Naviam AUST Pty Limited (formerly BPD Zenith (AUST) Pty Ltd) 100%
   9. Naviam NZ PTY Limited (formerly BPD Zenith (NZ) Pty Ltd) 100%
   10. Projetech, Inc 100%
   11. Naviam Services LLC 100%
   12. Naviam Canada Limited (formerly BPD Zenith Software Solutions (Canada) Limited) 100%
   13. Naviam Singapore Pte Limited (formerly BPD Zenith (Singapore) Pte Limited) 100%
   14. Zenith (Macau) Limited 100%
   15. Love your Assets with IoT Limited 51%
   16. Lexco Limited 100%
   17. Naviam (Malaysia) SDN BHD (formerly BPD Zenith (Malaysia) SDN BHD) 100%
   18. Peacock Engineering Limited 100%
   19. Peacock Engineering India Private Limited 99%
   20. EAM Maas AG 100%
   21. EAM Swiss GmbH 100%
   22. EAM Swiss International GmbH 100%
   23. InterPro Solutions LLC 100%

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 and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

16

last 12 months

Capital events

0

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

  —

  Not reported

• Cash

  +1,176.7%

  £1,494 → £19,074

• Net assets

  +36.7%

  £10,689,916 → £14,615,840

• Employees

  0%

  6 → 6

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers