wavenet limited
wavenet limited Company Information
Company Number
03919664
Website
www.wavenetuk.comRegistered 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
Telephone
03332340011
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
thetis bidco limited 100%
wavenet limited Estimated Valuation
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
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
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
7 Strong
3 Regular
2 Weak
Size
annual sales of £118.8m, make it larger than the average company (£10.4m)
£118.8m - Wavenet Limited
£10.4m - Industry AVG
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
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
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
with 440 employees, this is above the industry average (44)
440 - Wavenet Limited
44 - Industry AVG
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
resulting in sales per employee of £270k, this is equally as efficient (£288.4k)
£270k - Wavenet Limited
£288.4k - Industry AVG
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
Creditor Days
its suppliers are paid after 55 days, this is slower than average (42 days)
55 days - Wavenet Limited
42 days - Industry AVG
Stock Days
it holds stock equivalent to 13 days, this is less than average (30 days)
13 days - Wavenet Limited
30 days - Industry AVG
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
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
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 House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 118,795,000 | 61,368,000 | 59,950,287 | 52,433,509 | 41,478,034 | 23,027,666 | 14,392,878 | 13,733,842 | 12,384,224 | 10,454,706 | 9,655,117 | 9,062,518 | 7,595,956 | |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Cost Of Sales | 63,152,000 | 34,700,000 | 33,234,253 | 29,831,035 | 23,927,133 | 13,417,313 | 7,682,488 | 7,840,162 | 7,544,420 | 5,944,038 | 5,752,947 | 5,772,313 | 4,705,527 | |
| Gross Profit | 55,643,000 | 26,668,000 | 26,716,034 | 22,602,474 | 17,550,901 | 9,610,353 | 6,710,390 | 5,893,680 | 4,839,804 | 4,510,668 | 3,902,170 | 3,290,205 | 2,890,429 | |
| Admin Expenses | 52,823,000 | 25,664,000 | 23,891,612 | 19,140,284 | 14,735,939 | 8,988,229 | 5,282,819 | 4,362,043 | 4,250,714 | 3,764,767 | 2,641,617 | 2,075,930 | 2,050,768 | |
| Operating Profit | 2,820,000 | 1,004,000 | 2,824,422 | 3,462,190 | 2,814,962 | 622,124 | 1,427,571 | 1,531,637 | 589,090 | 745,901 | 1,260,553 | 1,214,275 | 839,661 | |
| Interest Payable | 105,000 | 35,000 | 46,044 | 19,377 | 3,154 | 1,710 | 31,631 | 72,420 | 55,347 | 29,130 | 44,974 | 37,584 | 32,781 | |
| Interest Receivable | 0 | 0 | 0 | 1,338 | 2,660 | 1,287 | 6,344 | 1,174 | 1,022 | 0 | 0 | 0 | 63 | |
| Pre-Tax Profit | 2,715,000 | 1,118,000 | 2,778,378 | 3,444,151 | 2,814,468 | 621,701 | 1,402,284 | 1,460,391 | 534,765 | 716,771 | 1,215,579 | 1,176,691 | 806,943 | |
| Tax | 311,000 | -1,515,000 | -1,854,272 | -874,198 | 107,623 | -271,022 | -180,527 | -564,961 | -321,672 | -343,948 | -287,264 | -327,021 | -272,116 | |
| Profit After Tax | 3,026,000 | -397,000 | 924,106 | 2,569,953 | 2,922,091 | 350,679 | 1,221,757 | 895,430 | 213,093 | 372,823 | 928,315 | 849,670 | 534,827 | |
| Dividends Paid | 0 | 0 | 0 | 0 | 160,000 | 0 | 0 | 0 | 300,000 | 400,000 | 400,000 | 400,000 | 270,000 | |
| Retained Profit | 3,026,000 | -397,000 | 924,106 | 2,569,953 | 2,762,091 | 350,679 | 1,221,757 | 895,430 | -86,907 | -24,754 | 536,310 | 437,878 | 179,915 | |
| Employee Costs | 23,689,000 | 12,631,000 | 10,715,250 | 9,064,925 | 6,984,223 | 3,269,603 | 1,918,332 | 2,357,025 | 1,641,184 | 1,379,741 | 1,159,838 | 1,122,477 | 1,121,786 | |
| Number Of Employees | 440 | 251 | 240 | 191 | 151 | 97 | 43 | 36 | 37 | 29 | 29 | 28 | 30 | |
| EBITDA* | 25,725,000 | 9,345,000 | 9,177,074 | 5,555,002 | 5,221,053 | 3,035,370 | 2,702,876 | 2,870,121 | 1,801,149 | 1,782,959 | 1,670,856 | 1,589,753 | 994,975 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 5,542,000 | 2,514,000 | 2,531,541 | 2,153,399 | 1,593,964 | 1,189,931 | 663,945 | 259,682 | 281,720 | 331,880 | 442,381 | 500,824 | 39,554 | 27,303 |
| Intangible Assets | 144,908,000 | 44,225,000 | 33,714,426 | 25,201,228 | 8,130,606 | 9,282,413 | 4,307,397 | 1,886,865 | 3,066,319 | 1,624,411 | 2,522,765 | 2,810,350 | 2,513,368 | 38,000 |
| Investments & Other | 2,192,000 | 2,192,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 40,000 | 1,269,174 |
| Debtors (Due After 1 year) | 906,000 | 383,000 | 737,881 | 1,689,031 | 2,202,633 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 153,548,000 | 49,314,000 | 36,983,848 | 29,043,658 | 11,927,203 | 10,472,344 | 4,971,342 | 2,146,547 | 3,348,039 | 1,956,291 | 2,965,146 | 3,311,174 | 2,592,922 | 1,334,477 |
| Stock & work in progress | 2,388,000 | 841,000 | 796,345 | 1,263,096 | 491,056 | 151,310 | 58,532 | 51,955 | 10,473 | 16,948 | 19,366 | 0 | 0 | 0 |
| Trade Debtors | 18,250,000 | 7,728,000 | 6,248,687 | 7,117,295 | 5,178,670 | 3,110,425 | 1,476,818 | 656,419 | 672,630 | 410,940 | 208,170 | 270,127 | 563,077 | 340,943 |
| Group Debtors | 10,803,000 | 1,248,000 | 751,606 | 1,450,551 | 666,007 | 862,006 | 800,558 | 804,666 | 134,666 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 9,973,000 | 5,168,000 | 4,023,764 | 4,138,788 | 3,538,343 | 1,313,233 | 961,735 | 651,105 | 556,854 | 508,182 | 231,840 | 128,825 | 34,483 | 0 |
| Cash | 7,097,000 | 3,900,000 | 3,671,721 | 5,041,557 | 2,048,289 | 2,308,583 | 1,651,742 | 2,192,100 | 2,028,202 | 1,380,765 | 1,342,446 | 1,038,822 | 931,169 | 237,747 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 48,511,000 | 18,885,000 | 15,492,123 | 19,011,287 | 11,922,365 | 7,745,557 | 4,949,385 | 4,356,245 | 3,402,825 | 2,316,835 | 1,801,822 | 1,437,774 | 1,528,729 | 578,690 |
| total assets | 202,059,000 | 68,199,000 | 52,475,971 | 48,054,945 | 23,849,568 | 18,217,901 | 9,920,727 | 6,502,792 | 6,750,864 | 4,273,126 | 4,766,968 | 4,748,948 | 4,121,651 | 1,913,167 |
| Bank overdraft | 0 | 0 | 0 | 25,042 | 5,231 | 0 | 0 | 0 | 0 | 0 | 291,916 | 533,333 | 244,444 | 0 |
| Bank loan | 0 | 0 | 0 | 386,589 | 0 | 0 | 0 | 568,333 | 568,333 | 167,572 | 0 | 0 | 0 | 0 |
| Trade Creditors | 9,652,000 | 5,180,000 | 3,798,775 | 3,724,447 | 3,206,132 | 2,383,021 | 1,505,484 | 569,430 | 965,349 | 507,976 | 625,232 | 522,863 | 756,770 | 1,275,919 |
| Group/Directors Accounts | 7,364,000 | 41,942,000 | 27,172,260 | 24,049,296 | 5,902,930 | 8,787,260 | 2,316,668 | 0 | 0 | 460,000 | 642,000 | 308,199 | 268,199 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 153,000 | 74,000 | 251,177 | 100,920 | 7,649 | 34,100 | 80,068 | 46,156 | 0 | 0 | 0 | 0 | 5,597 | 0 |
| other current liabilities | 17,518,000 | 9,812,000 | 10,381,042 | 9,830,827 | 7,149,534 | 2,585,946 | 1,921,351 | 1,623,422 | 1,975,453 | 1,158,416 | 970,442 | 1,062,805 | 850,169 | 0 |
| total current liabilities | 34,687,000 | 57,008,000 | 41,603,254 | 38,117,121 | 16,271,476 | 13,790,327 | 5,823,571 | 2,807,341 | 3,509,135 | 2,293,964 | 2,529,590 | 2,427,200 | 2,125,179 | 1,275,919 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 852,500 | 1,352,083 | 0 | 171,368 | 744,573 | 885,112 | 0 |
| hp & lease commitments | 412,000 | 267,000 | 271,248 | 258,901 | 0 | 5,297 | 42,353 | 54,628 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 701,000 | 506,000 | 0 | 0 | 471,971 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,597 |
| provisions | 824,000 | 146,000 | 0 | 0 | 0 | 78,247 | 61,452 | 16,729 | 13,482 | 16,091 | 29,106 | 20,589 | 4,444 | 0 |
| total long term liabilities | 1,937,000 | 919,000 | 271,248 | 258,901 | 471,971 | 83,544 | 103,805 | 923,857 | 1,365,565 | 16,091 | 200,474 | 765,162 | 889,556 | 5,597 |
| total liabilities | 36,624,000 | 57,927,000 | 41,874,502 | 38,376,022 | 16,743,447 | 13,873,871 | 5,927,376 | 3,731,198 | 4,874,700 | 2,310,055 | 2,730,064 | 3,192,362 | 3,014,735 | 1,281,516 |
| net assets | 165,435,000 | 10,272,000 | 10,601,469 | 9,678,923 | 7,106,121 | 4,344,030 | 3,993,351 | 2,771,594 | 1,876,164 | 1,963,071 | 1,987,825 | 1,451,515 | 1,013,637 | 631,651 |
| total shareholders funds | 165,435,000 | 10,272,000 | 10,601,469 | 9,678,923 | 7,106,121 | 4,344,030 | 3,993,351 | 2,771,594 | 1,876,164 | 1,963,071 | 1,987,825 | 1,451,515 | 1,013,637 | 631,651 |
| Mar 2023 | Mar 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 2,820,000 | 1,004,000 | 2,824,422 | 3,462,190 | 2,814,962 | 622,124 | 1,427,571 | 1,531,637 | 589,090 | 745,901 | 1,260,553 | 1,214,275 | 839,661 | |
| Depreciation | 1,470,000 | 1,096,000 | 1,102,666 | 666,754 | 517,285 | 329,293 | 166,942 | 129,030 | 134,823 | 163,360 | 189,662 | 49,345 | 22,719 | 8,254 |
| Amortisation | 21,435,000 | 7,245,000 | 5,249,986 | 1,426,058 | 1,888,806 | 2,083,953 | 1,108,363 | 1,209,454 | 1,077,236 | 873,698 | 220,641 | 326,133 | 132,595 | 0 |
| Tax | 311,000 | -1,515,000 | -1,854,272 | -874,198 | 107,623 | -271,022 | -180,527 | -564,961 | -321,672 | -343,948 | -287,264 | -327,021 | -272,116 | |
| Stock | 1,547,000 | 44,655 | -466,751 | 772,040 | 339,746 | 92,778 | 6,577 | 41,482 | -6,475 | -2,418 | 19,366 | 0 | 0 | 0 |
| Debtors | 25,405,000 | 2,765,062 | -2,633,727 | 2,810,012 | 6,299,989 | 2,046,553 | 1,126,921 | 748,040 | 445,028 | 479,112 | 41,058 | -198,608 | 256,617 | 340,943 |
| Creditors | 4,472,000 | 1,381,225 | 74,328 | 518,315 | 823,111 | 877,537 | 936,054 | -395,919 | 457,373 | -117,256 | 102,369 | -233,907 | -519,149 | 1,275,919 |
| Accruals and Deferred Income | 7,901,000 | -63,042 | 550,215 | 2,209,322 | 5,035,559 | 664,595 | 297,929 | -352,031 | 817,037 | 187,974 | -92,363 | 212,636 | 850,169 | 0 |
| Deferred Taxes & Provisions | 678,000 | 146,000 | 0 | 0 | -78,247 | 16,795 | 44,723 | 3,247 | -2,609 | -13,015 | 8,517 | 16,145 | 4,444 | 0 |
| Cash flow from operations | 12,135,000 | 6,484,466 | 11,047,823 | 3,826,389 | 4,469,364 | 2,183,944 | 2,667,557 | 770,935 | 2,312,725 | 1,020,020 | 1,341,691 | 1,456,214 | 801,706 | |
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | -5,494,467 | -3,601,692 | -47,232 | -2,093,673 | -52,859 | -131,273 | -1,091,071 | -26,435 | |
| Change in Investments | 0 | 2,192,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -40,000 | -1,229,174 | 1,269,174 |
| cash flow from investments | 0 | -2,192,000 | 0 | 0 | 0 | -5,494,467 | -3,601,692 | -47,232 | -2,093,673 | -52,859 | -131,273 | -1,051,071 | 1,202,739 | |
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | -386,589 | 386,589 | 0 | 0 | -568,333 | 0 | 400,761 | 167,572 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -34,578,000 | 14,769,740 | 3,122,964 | 18,146,366 | -2,884,330 | 6,470,592 | 2,316,668 | 0 | -460,000 | -182,000 | 333,801 | 40,000 | 268,199 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | -852,500 | -499,583 | 1,352,083 | -171,368 | -573,205 | -140,539 | 885,112 | 0 |
| Hire Purchase and Lease Commitments | 224,000 | -181,425 | 162,604 | 352,172 | -31,748 | -83,024 | 21,637 | 100,784 | 0 | 0 | 0 | -5,597 | 5,597 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -5,597 | 5,597 |
| share issue | ||||||||||||||
| interest | -105,000 | -35,000 | -46,044 | -18,039 | -494 | -423 | -25,287 | -71,246 | -54,325 | -29,130 | -44,974 | -37,584 | -32,718 | |
| cash flow from financing | 117,678,000 | 14,620,846 | 2,851,375 | 18,869,937 | -2,916,572 | 6,387,145 | 892,185 | -470,045 | 1,238,519 | -214,926 | -284,378 | -143,720 | 1,322,664 | |
| cash and cash equivalents | ||||||||||||||
| cash | 3,197,000 | 228,279 | -1,369,836 | 2,993,268 | -260,294 | 656,841 | -540,358 | 163,898 | 647,437 | 38,319 | 303,624 | 107,653 | 693,422 | 237,747 |
| overdraft | 0 | 0 | -25,042 | 19,811 | 5,231 | 0 | 0 | 0 | 0 | -291,916 | -241,417 | 288,889 | 244,444 | 0 |
| change in cash | 3,197,000 | 228,279 | -1,344,794 | 2,973,457 | -265,525 | 656,841 | -540,358 | 163,898 | 647,437 | 330,235 | 545,041 | -181,236 | 448,978 | 237,747 |
wavenet limited Credit Report and Business Information
Wavenet Limited Competitor Analysis
Perform a competitor analysis for wavenet limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
wavenet limited Ownership
WAVENET LIMITED group structure
Wavenet Limited has 8 subsidiary companies.
Ultimate parent company
MACQUARIE GROUP LTD
#0060893
2 parents
WAVENET LIMITED
03919664
8 subsidiaries
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).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr William Dawson | United Kingdom | 61 years | Sep 2008 | - | Director |
| Mr Stewart Motler | United Kingdom | 47 years | Aug 2016 | - | Director |
| Mr Stewart Motler | United Kingdom | 47 years | Aug 2016 | - | Director |
| Ms Venetia Cooper | England | 49 years | Feb 2022 | - | Director |
| Mrs Venetia Cooper | 49 years | Feb 2022 | - | Director |
P&L
March 2023turnover
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 2023net assets
165.4m
+15.11%
total assets
202.1m
+1.96%
cash
7.1m
+0.82%
net assets
Total assets minus all liabilities
Similar Companies
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
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.
wavenet limited Companies House Filings - See Documents
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