wavenet limited

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wavenet limited Company Information

Share WAVENET LIMITED
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MatureMegaRapid

Company Number

03919664

Registered Address

wavenet group, second floor, one central boulevard, central b, solihull, B90 8BG

Industry

Wholesale of electronic and telecommunications equipment and parts

 

Wired telecommunications activities

 
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Telephone

03332340011

Next Accounts Due

December 2024

Group Structure

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Directors

William Dawson15 Years

Stewart Motler7 Years

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Shareholders

thetis bidco limited 100%

wavenet limited Estimated Valuation

£207.1m

Pomanda estimates the enterprise value of WAVENET LIMITED at £207.1m based on a Turnover of £118.8m and 1.74x industry multiple (adjusted for size and gross margin).

wavenet limited Estimated Valuation

£228.6m

Pomanda estimates the enterprise value of WAVENET LIMITED at £228.6m based on an EBITDA of £25.7m and a 8.88x industry multiple (adjusted for size and gross margin).

wavenet limited Estimated Valuation

£397.5m

Pomanda estimates the enterprise value of WAVENET LIMITED at £397.5m based on Net Assets of £165.4m and 2.4x industry multiple (adjusted for liquidity).

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Wavenet Limited Overview

Wavenet Limited is a live company located in solihull, B90 8BG with a Companies House number of 03919664. It operates in the wholesale of electronic and telecommunications equipment and parts sector, SIC Code 46520. Founded in February 2000, it's largest shareholder is thetis bidco limited with a 100% stake. Wavenet Limited is a mature, mega sized company, Pomanda has estimated its turnover at £118.8m with rapid growth in recent years.

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Wavenet Limited Health Check

Pomanda's financial health check has awarded Wavenet Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

7 Strong

positive_score

3 Regular

positive_score

2 Weak

size

Size

annual sales of £118.8m, make it larger than the average company (£10.4m)

£118.8m - Wavenet Limited

£10.4m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 31%, show it is growing at a faster rate (4.1%)

31% - Wavenet Limited

4.1% - Industry AVG

production

Production

with a gross margin of 46.8%, this company has a lower cost of product (34.5%)

46.8% - Wavenet Limited

34.5% - Industry AVG

profitability

Profitability

an operating margin of 2.4% make it less profitable than the average company (4.3%)

2.4% - Wavenet Limited

4.3% - Industry AVG

employees

Employees

with 440 employees, this is above the industry average (44)

440 - Wavenet Limited

44 - Industry AVG

paystructure

Pay Structure

on an average salary of £53.8k, the company has an equivalent pay structure (£53.9k)

£53.8k - Wavenet Limited

£53.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £270k, this is equally as efficient (£288.4k)

£270k - Wavenet Limited

£288.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 56 days, this is later than average (45 days)

56 days - Wavenet Limited

45 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 55 days, this is slower than average (42 days)

55 days - Wavenet Limited

42 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 13 days, this is less than average (30 days)

13 days - Wavenet Limited

30 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 10 weeks, this is average cash available to meet short term requirements (12 weeks)

10 weeks - Wavenet Limited

12 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 18.1%, this is a lower level of debt than the average (62.8%)

18.1% - Wavenet Limited

62.8% - Industry AVG

WAVENET LIMITED financials

EXPORTms excel logo

Wavenet Limited's latest turnover from March 2023 is £118.8 million and the company has net assets of £165.4 million. According to their latest financial statements, Wavenet Limited has 440 employees and maintains cash reserves of £7.1 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2023Mar 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Turnover118,795,00061,368,00059,950,28752,433,50941,478,03423,027,66614,392,87813,733,84212,384,22410,454,7069,655,1179,062,5187,595,9564,661,280
Other Income Or Grants00000000000000
Cost Of Sales63,152,00034,700,00033,234,25329,831,03523,927,13313,417,3137,682,4887,840,1627,544,4205,944,0385,752,9475,772,3134,705,5273,078,006
Gross Profit55,643,00026,668,00026,716,03422,602,47417,550,9019,610,3536,710,3905,893,6804,839,8044,510,6683,902,1703,290,2052,890,4291,583,274
Admin Expenses52,823,00025,664,00023,891,61219,140,28414,735,9398,988,2295,282,8194,362,0434,250,7143,764,7672,641,6172,075,9302,050,768752,804
Operating Profit2,820,0001,004,0002,824,4223,462,1902,814,962622,1241,427,5711,531,637589,090745,9011,260,5531,214,275839,661830,470
Interest Payable105,00035,00046,04419,3773,1541,71031,63172,42055,34729,13044,97437,58432,7810
Interest Receivable0001,3382,6601,2876,3441,1741,02200063594
Pre-Tax Profit2,715,0001,118,0002,778,3783,444,1512,814,468621,7011,402,2841,460,391534,765716,7711,215,5791,176,691806,943831,064
Tax311,000-1,515,000-1,854,272-874,198107,623-271,022-180,527-564,961-321,672-343,948-287,264-327,021-272,116-232,698
Profit After Tax3,026,000-397,000924,1062,569,9532,922,091350,6791,221,757895,430213,093372,823928,315849,670534,827598,366
Dividends Paid0000160,000000300,000400,000400,000400,000270,0000
Retained Profit3,026,000-397,000924,1062,569,9532,762,091350,6791,221,757895,430-86,907-24,754536,310437,878179,915598,366
Employee Costs23,689,00012,631,00010,715,2509,064,9256,984,2233,269,6031,918,3322,357,0251,641,1841,379,7411,159,8381,122,4771,121,786885,845
Number Of Employees440251240191151974336372929283022
EBITDA*25,725,0009,345,0009,177,0745,555,0025,221,0533,035,3702,702,8762,870,1211,801,1491,782,9591,670,8561,589,753994,975838,724

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2023Mar 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Tangible Assets5,542,0002,514,0002,531,5412,153,3991,593,9641,189,931663,945259,682281,720331,880442,381500,82439,55427,303
Intangible Assets144,908,00044,225,00033,714,42625,201,2288,130,6069,282,4134,307,3971,886,8653,066,3191,624,4112,522,7652,810,3502,513,36838,000
Investments & Other2,192,0002,192,000000000000040,0001,269,174
Debtors (Due After 1 year)906,000383,000737,8811,689,0312,202,633000000000
Total Fixed Assets153,548,00049,314,00036,983,84829,043,65811,927,20310,472,3444,971,3422,146,5473,348,0391,956,2912,965,1463,311,1742,592,9221,334,477
Stock & work in progress2,388,000841,000796,3451,263,096491,056151,31058,53251,95510,47316,94819,366000
Trade Debtors18,250,0007,728,0006,248,6877,117,2955,178,6703,110,4251,476,818656,419672,630410,940208,170270,127563,077340,943
Group Debtors10,803,0001,248,000751,6061,450,551666,007862,006800,558804,666134,66600000
Misc Debtors9,973,0005,168,0004,023,7644,138,7883,538,3431,313,233961,735651,105556,854508,182231,840128,82534,4830
Cash7,097,0003,900,0003,671,7215,041,5572,048,2892,308,5831,651,7422,192,1002,028,2021,380,7651,342,4461,038,822931,169237,747
misc current assets00000000000000
total current assets48,511,00018,885,00015,492,12319,011,28711,922,3657,745,5574,949,3854,356,2453,402,8252,316,8351,801,8221,437,7741,528,729578,690
total assets202,059,00068,199,00052,475,97148,054,94523,849,56818,217,9019,920,7276,502,7926,750,8644,273,1264,766,9684,748,9484,121,6511,913,167
Bank overdraft00025,0425,23100000291,916533,333244,4440
Bank loan000386,589000568,333568,333167,5720000
Trade Creditors 9,652,0005,180,0003,798,7753,724,4473,206,1322,383,0211,505,484569,430965,349507,976625,232522,863756,7701,275,919
Group/Directors Accounts7,364,00041,942,00027,172,26024,049,2965,902,9308,787,2602,316,66800460,000642,000308,199268,1990
other short term finances00000000000000
hp & lease commitments153,00074,000251,177100,9207,64934,10080,06846,15600005,5970
other current liabilities17,518,0009,812,00010,381,0429,830,8277,149,5342,585,9461,921,3511,623,4221,975,4531,158,416970,4421,062,805850,1690
total current liabilities34,687,00057,008,00041,603,25438,117,12116,271,47613,790,3275,823,5712,807,3413,509,1352,293,9642,529,5902,427,2002,125,1791,275,919
loans0000000852,5001,352,0830171,368744,573885,1120
hp & lease commitments412,000267,000271,248258,90105,29742,35354,628000000
Accruals and Deferred Income701,000506,00000471,971000000000
other liabilities00000000000005,597
provisions824,000146,00000078,24761,45216,72913,48216,09129,10620,5894,4440
total long term liabilities1,937,000919,000271,248258,901471,97183,544103,805923,8571,365,56516,091200,474765,162889,5565,597
total liabilities36,624,00057,927,00041,874,50238,376,02216,743,44713,873,8715,927,3763,731,1984,874,7002,310,0552,730,0643,192,3623,014,7351,281,516
net assets165,435,00010,272,00010,601,4699,678,9237,106,1214,344,0303,993,3512,771,5941,876,1641,963,0711,987,8251,451,5151,013,637631,651
total shareholders funds165,435,00010,272,00010,601,4699,678,9237,106,1214,344,0303,993,3512,771,5941,876,1641,963,0711,987,8251,451,5151,013,637631,651
Mar 2023Mar 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Operating Activities
Operating Profit2,820,0001,004,0002,824,4223,462,1902,814,962622,1241,427,5711,531,637589,090745,9011,260,5531,214,275839,661830,470
Depreciation1,470,0001,096,0001,102,666666,754517,285329,293166,942129,030134,823163,360189,66249,34522,7198,254
Amortisation21,435,0007,245,0005,249,9861,426,0581,888,8062,083,9531,108,3631,209,4541,077,236873,698220,641326,133132,5950
Tax311,000-1,515,000-1,854,272-874,198107,623-271,022-180,527-564,961-321,672-343,948-287,264-327,021-272,116-232,698
Stock1,547,00044,655-466,751772,040339,74692,7786,57741,482-6,475-2,41819,366000
Debtors25,405,0002,765,062-2,633,7272,810,0126,299,9892,046,5531,126,921748,040445,028479,11241,058-198,608256,617340,943
Creditors4,472,0001,381,22574,328518,315823,111877,537936,054-395,919457,373-117,256102,369-233,907-519,1491,275,919
Accruals and Deferred Income7,901,000-63,042550,2152,209,3225,035,559664,595297,929-352,031817,037187,974-92,363212,636850,1690
Deferred Taxes & Provisions678,000146,00000-78,24716,79544,7233,247-2,609-13,0158,51716,1454,4440
Cash flow from operations12,135,0006,484,46611,047,8233,826,3894,469,3642,183,9442,667,557770,9352,312,7251,020,0201,341,6911,456,214801,7061,541,002
Investing Activities
capital expenditure00000-5,494,467-3,601,692-47,232-2,093,673-52,859-131,273-1,091,071-26,435-73,557
Change in Investments02,192,000000000000-40,000-1,229,1741,269,174
cash flow from investments0-2,192,000000-5,494,467-3,601,692-47,232-2,093,673-52,859-131,273-1,051,0711,202,739-1,342,731
Financing Activities
Bank loans00-386,589386,58900-568,3330400,761167,5720000
Group/Directors Accounts-34,578,00014,769,7403,122,96418,146,366-2,884,3306,470,5922,316,6680-460,000-182,000333,80140,000268,1990
Other Short Term Loans 00000000000000
Long term loans000000-852,500-499,5831,352,083-171,368-573,205-140,539885,1120
Hire Purchase and Lease Commitments224,000-181,425162,604352,172-31,748-83,02421,637100,784000-5,5975,5970
other long term liabilities000000000000-5,5975,597
share issue152,137,00067,531-1,5602,84900000000202,07133,285
interest-105,000-35,000-46,044-18,039-494-423-25,287-71,246-54,325-29,130-44,974-37,584-32,718594
cash flow from financing117,678,00014,620,8462,851,37518,869,937-2,916,5726,387,145892,185-470,0451,238,519-214,926-284,378-143,7201,322,66439,476
cash and cash equivalents
cash3,197,000228,279-1,369,8362,993,268-260,294656,841-540,358163,898647,43738,319303,624107,653693,422237,747
overdraft00-25,04219,8115,2310000-291,916-241,417288,889244,4440
change in cash3,197,000228,279-1,344,7942,973,457-265,525656,841-540,358163,898647,437330,235545,041-181,236448,978237,747

wavenet limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Wavenet Limited Competitor Analysis

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wavenet limited Ownership

WAVENET LIMITED Shareholders

thetis bidco limited 100%

wavenet limited directors

Wavenet Limited currently has 5 directors. The longest serving directors include Mr William Dawson (Sep 2008) and Mr Stewart Motler (Aug 2016).

officercountryagestartendrole
Mr William DawsonUnited Kingdom61 years Sep 2008- Director
Mr Stewart MotlerUnited Kingdom47 years Aug 2016- Director
Mr Stewart MotlerUnited Kingdom47 years Aug 2016- Director
Ms Venetia CooperEngland49 years Feb 2022- Director
Mrs Venetia Cooper49 years Feb 2022- Director

P&L

March 2023

turnover

118.8m

+94%

operating profit

2.8m

+181%

gross margin

46.9%

+7.79%

turnover

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

Balance Sheet

March 2023

net assets

165.4m

+15.11%

total assets

202.1m

+1.96%

cash

7.1m

+0.82%

net assets

Total assets minus all liabilities

wavenet limited company details

company number

03919664

Type

Private limited with Share Capital

industry

61900 - Other telecommunications activities

46520 - Wholesale of electronic and telecommunications equipment and parts

61100 - Wired telecommunications activities

incorporation date

February 2000

age

24

accounts

Full Accounts

ultimate parent company

MACQUARIE GROUP LTD

previous names

intelnet limited (June 2009)

dot comm consultancy limited (May 2009)

incorporated

UK

address

wavenet group, second floor, one central boulevard, central b, solihull, B90 8BG

last accounts submitted

March 2023

wavenet limited Charges & Mortgages

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 15 charges/mortgages relating to wavenet limited. Currently there are 4 open charges and 11 have been satisfied in the past.

charges

wavenet limited Companies House Filings - See Documents

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