Wave 9 Managed Services Limited

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wave 9 managed services limited Company Information

Company Number

00755965

Next Accounts

Jun 2025

Directors

Mark Burton

Andrew McFarlane

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Shareholders

westgate bidco limited

Group Structure

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Industry

Other information technology and computer service activities

Registered Address

unit e2, 18 knowl piece, wilbury way, hitchin, SG4 0TY

Website

www.wave9.co.uk

wave 9 managed services limited Estimated Valuation

£4.3m

Pomanda estimates the enterprise value of WAVE 9 MANAGED SERVICES LIMITED at £4.3m based on an EBITDA of £776.2k and a 5.49x industry multiple (adjusted for size and gross margin).

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Wave 9 Managed Services Limited is a live company located in hitchin, SG4 0TY with a Companies House number of 00755965. It operates in the other information technology service activities sector, SIC Code 62090. Founded in April 1963, it's largest shareholder is westgate bidco limited with a 100% stake. Wave 9 Managed Services Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5m with rapid growth in recent years.

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Pomanda's financial health check has awarded Wave 9 Managed Services Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

2 Regular

4 Weak

Size

annual sales of £5m, make it smaller than the average company (£6.9m)

Growth

3 year (CAGR) sales growth of 32%, show it is growing at a faster rate (6.8%)

EXPORT

Wave 9 Managed Services Limited's latest turnover from September 2023 is estimated at £5 million and the company has net assets of £710.5 thousand. According to their latest financial statements, Wave 9 Managed Services Limited has 14 employees and maintains cash reserves of £1.6 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	5,017,804	4,775,314	2,287,616	2,162,815	1,379,246	1,694,333	1,272,042	1,075,247	650,900	246,820	13,473	26,307	23,208	23,613
Other Income Or Grants
Cost Of Sales	2,500,341	2,302,236	1,121,917	1,041,399	656,820	788,724	597,568	489,982	305,655	115,960	6,274	12,286	10,676	10,319
Gross Profit	2,517,463	2,473,078	1,165,700	1,121,416	722,426	905,610	674,475	585,266	345,245	130,860	7,199	14,022	12,533	13,294
Admin Expenses	2,181,744	2,225,310	1,110,993	1,101,214	750,970	923,477	593,752	610,185	320,932	139,706	17,744	10,595	-95,673	1,893
Operating Profit	335,719	247,768	54,707	20,202	-28,544	-17,867	80,723	-24,919	24,313	-8,846	-10,545	3,427	108,206	11,401
Interest Payable		3,667	5,886	3,175
Interest Receivable	70,400	20,853	717	546	2,968	1,813	330	217	402	461	385	398	252	18
Pre-Tax Profit	406,119	264,954	49,537	17,573	-25,576	-16,054	81,053	-24,702	24,715	-8,385	-10,160	3,825	108,458	11,418
Tax	-101,530	-50,341	-9,412	-3,339			-15,400		-4,943			-918	-28,199	-3,197
Profit After Tax	304,589	214,613	40,125	14,234	-25,576	-16,054	65,653	-24,702	19,772	-8,385	-10,160	2,907	80,259	8,221
Dividends Paid
Retained Profit	304,589	214,613	40,125	14,234	-25,576	-16,054	65,653	-24,702	19,772	-8,385	-10,160	2,907	80,259	8,221
Employee Costs	1,001,083	875,029	701,684	595,433	539,257	519,353	554,582	538,630	269,984	106,872	50,395	51,126	49,325	48,226
Number Of Employees	14	13	11	10	9	9	10	10	5	2	1	1	1	1
EBITDA*	776,154	697,659	388,049	302,199	207,036	148,837	207,776	-17,748	28,924	-4,665	516	13,769	108,224	11,419

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	580,983	711,765	702,480	529,075	437,612	325,623	293,292	247,951	5,149	8,470	120,808	149,962	121,764	210,102
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	580,983	711,765	702,480	529,075	437,612	325,623	293,292	247,951	5,149	8,470	120,808	149,962	121,764	210,102
Stock & work in progress	32,440	2,087	2,365						44,272	15,886
Trade Debtors	1,192,945	1,157,303	471,757	463,539	263,198	376,341	237,159	150,106	109,273	37,568	1,800	4,271	3,500
Group Debtors
Misc Debtors	51,806	34,364	23,385	7,403	3,544		18,770	15,732
Cash	1,634,596	1,047,306	806,301	627,642	463,739	327,647	155,705	108,384	64,835	96,033	88,478	65,428	93,870	7,006
misc current assets
total current assets	2,911,787	2,241,060	1,303,808	1,098,584	730,481	703,988	411,634	274,222	218,380	149,487	90,278	69,699	97,370	7,006
total assets	3,492,770	2,952,825	2,006,288	1,627,659	1,168,093	1,029,611	704,926	522,173	223,529	157,957	211,086	219,661	219,134	217,108
Bank overdraft				17,998
Bank loan			33,333
Trade Creditors	444,392	626,779	312,502	108,992	111,401	88,114	62,937	124,690	115,915	70,115	4,156	2,571	4,951	6,684
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities	2,201,889	1,793,337	1,288,424	1,172,979	848,945	735,063	462,277	284,571
total current liabilities	2,646,281	2,420,116	1,634,259	1,299,969	960,346	823,177	525,214	409,261	115,915	70,115	4,156	2,571	4,951	6,684
loans			55,556	86,111
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions	135,993	126,802	125,179	90,410	70,812	43,923	1,147
total long term liabilities	135,993	126,802	180,735	176,521	70,812	43,923	1,147
total liabilities	2,782,274	2,546,918	1,814,994	1,476,490	1,031,158	867,100	526,361	409,261	115,915	70,115	4,156	2,571	4,951	6,684
net assets	710,496	405,907	191,294	151,169	136,935	162,511	178,565	112,912	107,614	87,842	206,930	217,090	214,183	210,424
total shareholders funds	710,496	405,907	191,294	151,169	136,935	162,511	178,565	112,912	107,614	87,842	206,930	217,090	214,183	210,424

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	335,719	247,768	54,707	20,202	-28,544	-17,867	80,723	-24,919	24,313	-8,846	-10,545	3,427	108,206	11,401
Depreciation	440,435	449,891	333,342	281,997	235,580	166,704	127,053	7,171	4,611	4,181	11,061	10,342	18	18
Amortisation
Tax	-101,530	-50,341	-9,412	-3,339			-15,400		-4,943			-918	-28,199	-3,197
Stock	30,353	-278	2,365					-44,272	28,386	15,886
Debtors	53,084	696,525	24,200	204,200	-109,599	120,412	90,091	56,565	71,705	35,768	-2,471	771	3,500
Creditors	-182,387	314,277	203,510	-2,409	23,287	25,177	-61,753	8,775	45,800	65,959	1,585	-2,380	-1,733	6,684
Accruals and Deferred Income	408,552	504,913	115,445	324,034	113,882	272,786	177,706	284,571
Deferred Taxes & Provisions	9,191	1,623	34,769	19,598	26,889	42,776	1,147
Cash flow from operations	826,543	771,884	705,796	435,883	480,693	369,164	219,385	263,305	-30,310	9,640	4,572	9,700	74,792	14,906
Investing Activities
capital expenditure	-309,653	-459,176	-506,747	-373,460	-347,569	-199,035	-172,394	-249,973	-1,290	108,157	18,093	-38,540	88,320	-210,120
Change in Investments
cash flow from investments	-309,653	-459,176	-506,747	-373,460	-347,569	-199,035	-172,394	-249,973	-1,290	108,157	18,093	-38,540	88,320	-210,120
Financing Activities
Bank loans		-33,333	33,333
Group/Directors Accounts
Other Short Term Loans
Long term loans		-55,556	-30,555	86,111
Hire Purchase and Lease Commitments
other long term liabilities
share issue								30,000		-110,703			-76,500	202,203
interest	70,400	17,186	-5,169	-2,629	2,968	1,813	330	217	402	461	385	398	252	18
cash flow from financing	70,400	-71,703	-2,391	83,482	2,968	1,813	330	30,217	402	-110,242	385	398	-76,248	202,221
cash and cash equivalents
cash	587,290	241,005	178,659	163,903	136,092	171,942	47,321	43,549	-31,198	7,555	23,050	-28,442	86,864	7,006
overdraft			-17,998	17,998
change in cash	587,290	241,005	196,657	145,905	136,092	171,942	47,321	43,549	-31,198	7,555	23,050	-28,442	86,864	7,006

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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WAVE 9 MANAGED SERVICES LIMITED group structure

Wave 9 Managed Services Limited has no subsidiary companies.

Ultimate parent company

WESTGATE TOPCO LIMITED

13120864

WESTGATE BIDCO LIMITED

13127403

2 parents

WAVE 9 MANAGED SERVICES LIMITED

00755965

WAVE 9 MANAGED SERVICES LIMITED Shareholders

westgate bidco limited

100%

Wave 9 Managed Services Limited currently has 7 directors. The longest serving directors include Mr Mark Burton (Jun 2010) and Mr Andrew McFarlane (Oct 2013).

officer	country	age	start	end	role
Mr Mark Burton	England	59 years	Jun 2010	-	Director
Mr Andrew McFarlane		57 years	Oct 2013	-	Director
Mr Stuart Davies	England	54 years	Oct 2013	-	Director
Mr Lee Neely	England	58 years	Oct 2013	-	Director
Mr Matthew Reeve	England	52 years	Dec 2023	-	Director
Mr Ian Kelly	England	53 years	Jun 2024	-	Director
Mr Duncan Gooding	England	53 years	Nov 2024	-	Director

P&L

September 2023

turnover

+5%

operating profit

335.7k

gross margin

50.2%

-3.12%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

September 2023

net assets

710.5k

+0.75%

total assets

3.5m

+0.18%

cash

1.6m

+0.56%

net assets

Total assets minus all liabilities

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company number

00755965

Type

Private limited with Share Capital

industry

62090 - Other information technology and computer service activities

incorporation date

April 1963

ultimate parent company

WESTGATE TOPCO LIMITED

previous names

frank gribbin & sons limited (August 2013)

address

unit e2, 18 knowl piece, wilbury way, hitchin, SG4 0TY

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 3 charges/mortgages relating to wave 9 managed services limited. Currently there are 1 open charges and 2 have been satisfied in the past.

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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wave 9 managed services limited Company Information

wave 9 managed services limited Estimated Valuation

wave 9 managed services limited Estimated Valuation

wave 9 managed services limited Estimated Valuation

Wave 9 Managed Services Limited Overview

Wave 9 Managed Services Limited Health Check

WAVE 9 MANAGED SERVICES LIMITED financials

wave 9 managed services limited Credit Report and Business Information

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wave 9 managed services limited Ownership

wave 9 managed services limited directors

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wave 9 managed services limited Charges & Mortgages

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wave 9 managed services limited Companies House Filings - See Documents