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Goonhilly Earth Station Limited

Sector: 
Asset-Backed

Goonhilly Earth Station is one of the most capable satellite control and communications facilities in Europe. Located in Cornwall, the earth station has played a central role in transmitting some of the most recognisable moments in history – from the 1969 Apollo II moon landing to 1985’s Live Aid concert.

The experienced management team had been operating profitably from the site for three years before purchasing it with backing from Downing. Since then, the team has upgraded the facilities to deliver services such as relocating space assets, downloading earth observation data and uplinking broadcast TV datastreams.

Goonhilly gained further significance in the UK space sector in July 2015, when the European Space Agency announced that it had commissioned a study to assess the capability of the site’s largest antenna (Goonhilly 6) in providing communications support for NASA’s unmanned Orion Exploration Mission I in 2018. In late 2015, the site was granted Enterprise Zone status in the Budget, reinforcing its position as central to Cornwall’s space and satellite ambitions and bringing further opportunities for the business and its customers.

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Important Notice

Downing’s investments place your capital at risk and you may not get back the full amount invested. Past performance and forecasts are not a reliable guide to future results. Tax treatment may be subject to change and depends on individual circumstances. Smaller company shares are likely to have higher volatility and liquidity risks than other types of main market listed instruments. We recommend that you seek professional independent financial advice before investing. We do not offer investment or tax advice.

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