Someone asked about the pension holiday amount. According to NATS, it saved £48M over the holiday period.
Couple this with the year on profits made, and there is a lot of money somewhere that could have been used to finance this 'non profit' making companies pension fund when it needs it.
Pre Tax Profits
2004 - £1.8M
2005 - £85.3M
2006 - £80.3M
2007 - £94.4M
2008 - £66.7M
Over the same period, NATS reduced it's debt from £697.6M to £538.1M (a reduction of ~£159M). So we made profits of £328.5M and put £159M in to debt reduction. Allowing some to be taken by the tax man, where did the rest (plus the £48M pension holiday money) go ?