openwave systems limited Company Information
Company Number
04086135
Next Accounts
Sep 2025
Industry
Business and domestic software development
Shareholders
openwave ii uk limited
Group Structure
View All
Contact
Registered Address
suite 2 first floor, 10 temple back, bristol, BS1 6FL
Website
http://owmobility.comopenwave systems limited Estimated Valuation
Pomanda estimates the enterprise value of OPENWAVE SYSTEMS LIMITED at £7.4m based on a Turnover of £7.2m and 1.04x industry multiple (adjusted for size and gross margin).
openwave systems limited Estimated Valuation
Pomanda estimates the enterprise value of OPENWAVE SYSTEMS LIMITED at £4.9m based on an EBITDA of £793.7k and a 6.21x industry multiple (adjusted for size and gross margin).
openwave systems limited Estimated Valuation
Pomanda estimates the enterprise value of OPENWAVE SYSTEMS LIMITED at £36m based on Net Assets of £15.2m and 2.37x industry multiple (adjusted for liquidity).
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Openwave Systems Limited Overview
Openwave Systems Limited is a live company located in bristol, BS1 6FL with a Companies House number of 04086135. It operates in the business and domestic software development sector, SIC Code 62012. Founded in October 2000, it's largest shareholder is openwave ii uk limited with a 100% stake. Openwave Systems Limited is a mature, mid sized company, Pomanda has estimated its turnover at £7.2m with healthy growth in recent years.
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Openwave Systems Limited Health Check
Pomanda's financial health check has awarded Openwave Systems Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
3 Weak
Size
annual sales of £7.2m, make it larger than the average company (£4.5m)
£7.2m - Openwave Systems Limited
£4.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (10.1%)
4% - Openwave Systems Limited
10.1% - Industry AVG
Production
with a gross margin of 72%, this company has a comparable cost of product (72%)
72% - Openwave Systems Limited
72% - Industry AVG
Profitability
an operating margin of 5.9% make it more profitable than the average company (3.5%)
5.9% - Openwave Systems Limited
3.5% - Industry AVG
Employees
with 61 employees, this is above the industry average (40)
61 - Openwave Systems Limited
40 - Industry AVG
Pay Structure
on an average salary of £87.3k, the company has a higher pay structure (£72.1k)
£87.3k - Openwave Systems Limited
£72.1k - Industry AVG
Efficiency
resulting in sales per employee of £117.6k, this is equally as efficient (£122.8k)
£117.6k - Openwave Systems Limited
£122.8k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Openwave Systems Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 1 days, this is quicker than average (40 days)
1 days - Openwave Systems Limited
40 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Openwave Systems Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 23 weeks, this is more cash available to meet short term requirements (17 weeks)
23 weeks - Openwave Systems Limited
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 4.9%, this is a lower level of debt than the average (62.3%)
4.9% - Openwave Systems Limited
62.3% - Industry AVG
OPENWAVE SYSTEMS LIMITED financials
Openwave Systems Limited's latest turnover from December 2023 is £7.2 million and the company has net assets of £15.2 million. According to their latest financial statements, Openwave Systems Limited has 61 employees and maintains cash reserves of £292.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | 7,171,249 | 6,736,358 | 6,260,215 | 6,306,966 | 6,456,262 | 9,518,020 | 6,667,364 | 6,431,286 | 6,647,094 | 7,963,496 | 10,581,697 | 11,397,546 | 12,624,953 | 10,969,901 |
Other Income Or Grants | 0 | 0 | ||||||||||||
Cost Of Sales | 11,999,845 | 10,869,074 | ||||||||||||
Gross Profit | 625,108 | 100,827 | ||||||||||||
Admin Expenses | 0 | 0 | ||||||||||||
Operating Profit | 421,489 | 318,111 | 304,693 | 315,926 | 307,626 | 529,733 | 363,981 | 304,726 | 168,944 | 585,988 | 167,892 | 419,181 | 625,108 | 100,827 |
Interest Payable | 0 | 2,908 | 6,681 | 0 | 469 | 5,044 | 0 | 0 | 0 | 0 | 0 | 0 | 41,504 | 26,637 |
Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 144 | 1,604 |
Pre-Tax Profit | 421,489 | 315,203 | 298,012 | 315,926 | 307,157 | 524,689 | 357,712 | 304,726 | 168,944 | 585,988 | 167,892 | 591,085 | 583,748 | 15,848,415 |
Tax | 308,205 | 271,692 | 359,999 | 295,235 | 346,800 | 520,609 | 332,159 | 307,185 | 628,288 | 0 | 0 | -15,569 | 15,862 | -34,389 |
Profit After Tax | 729,694 | 586,895 | 658,011 | 611,161 | 653,957 | 1,045,298 | 689,871 | 611,911 | 797,232 | 585,988 | 167,892 | 575,516 | 599,610 | 15,814,026 |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Retained Profit | 729,694 | 586,895 | 658,011 | 611,161 | 653,957 | 1,045,298 | 689,871 | 611,911 | 797,232 | 585,988 | 167,892 | 575,516 | 599,610 | 15,814,026 |
Employee Costs | 5,322,669 | 5,181,197 | 4,793,464 | 4,362,454 | 4,290,819 | 6,843,048 | 4,634,847 | 4,553,468 | 5,370,564 | 6,030,896 | 7,218,976 | 8,275,208 | 8,479,404 | 7,631,628 |
Number Of Employees | 61 | 66 | 65 | 64 | 65 | 66 | 69 | 74 | 81 | 91 | 121 | 136 | 137 | 129 |
EBITDA* | 793,663 | 739,792 | 681,132 | 660,061 | 657,846 | 967,781 | 553,006 | 503,021 | 367,239 | 797,807 | 313,021 | 543,458 | 791,991 | 314,072 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 325,544 | 557,678 | 737,978 | 527,098 | 467,617 | 472,211 | 525,436 | 157,003 | 162,167 | 282,134 | 405,444 | 231,384 | 178,770 | 297,781 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 325,544 | 557,678 | 737,978 | 527,098 | 467,617 | 472,211 | 525,436 | 157,003 | 162,167 | 282,134 | 405,444 | 231,384 | 178,770 | 297,781 |
Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group Debtors | 14,547,179 | 13,905,269 | 12,695,500 | 12,837,456 | 11,583,559 | 11,051,650 | 10,295,228 | 9,849,608 | 9,366,456 | 9,234,262 | 8,527,384 | 10,859,730 | 9,662,084 | 9,721,244 |
Misc Debtors | 821,769 | 725,581 | 1,286,580 | 630,171 | 1,360,221 | 1,345,468 | 669,536 | 1,162,957 | 1,386,575 | 286,035 | 238,447 | 445,668 | 593,525 | 653,871 |
Cash | 292,374 | 146,996 | 194,785 | 228,508 | 44,835 | 360,949 | 705,406 | 171,041 | 314,426 | 192,849 | 669,004 | 23,497 | 845,472 | 391,484 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 15,661,322 | 14,777,846 | 14,176,865 | 13,696,135 | 12,988,615 | 12,758,067 | 11,670,170 | 11,183,606 | 11,067,457 | 9,713,146 | 9,434,835 | 11,328,895 | 11,101,081 | 10,766,599 |
total assets | 15,986,866 | 15,335,524 | 14,914,843 | 14,223,233 | 13,456,232 | 13,230,278 | 12,195,606 | 11,340,609 | 11,229,624 | 9,995,280 | 9,840,279 | 11,560,279 | 11,279,851 | 11,064,380 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,775 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 6,134 | 22,296 | 13,574 | 57,160 | 11,647 | 108,597 | 172,674 | 82,772 | 53,048 | 84,745 | 178,177 | 132,874 | 389,407 | 276,085 |
Group/Directors Accounts | 0 | 0 | 47,082 | 171,973 | 54,753 | 19,368 | 0 | 0 | 0 | 0 | 337,324 | 2,481,474 | 2,437,991 | 2,828,957 |
other short term finances | 0 | 397 | 126,203 | 0 | 0 | 29,489 | 55,957 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 631,489 | 693,282 | 695,330 | 619,457 | 387,800 | 724,749 | 605,834 | 644,931 | 1,175,581 | 676,043 | 644,575 | 884,598 | 886,130 | 948,983 |
total current liabilities | 637,623 | 715,975 | 882,189 | 848,590 | 454,200 | 882,203 | 834,465 | 727,703 | 1,228,629 | 762,563 | 1,160,076 | 3,498,946 | 3,713,528 | 4,054,025 |
loans | 0 | 0 | 0 | 0 | 0 | 0 | 58,364 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28,954 | 62,428 | 0 | 0 | 0 |
provisions | 150,000 | 150,000 | 150,000 | 150,000 | 388,550 | 388,550 | 388,550 | 388,550 | 388,550 | 388,550 | 388,550 | 0 | 80,506 | 124,148 |
total long term liabilities | 150,000 | 150,000 | 150,000 | 150,000 | 388,550 | 388,550 | 446,914 | 388,550 | 388,550 | 417,504 | 450,978 | 0 | 80,506 | 124,148 |
total liabilities | 787,623 | 865,975 | 1,032,189 | 998,590 | 842,750 | 1,270,753 | 1,281,379 | 1,116,253 | 1,617,179 | 1,180,067 | 1,611,054 | 3,498,946 | 3,794,034 | 4,178,173 |
net assets | 15,199,243 | 14,469,549 | 13,882,654 | 13,224,643 | 12,613,482 | 11,959,525 | 10,914,227 | 10,224,356 | 9,612,445 | 8,815,213 | 8,229,225 | 8,061,333 | 7,485,817 | 6,886,207 |
total shareholders funds | 15,199,243 | 14,469,549 | 13,882,654 | 13,224,643 | 12,613,482 | 11,959,525 | 10,914,227 | 10,224,356 | 9,612,445 | 8,815,213 | 8,229,225 | 8,061,333 | 7,485,817 | 6,886,207 |
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||||||
Operating Profit | 421,489 | 318,111 | 304,693 | 315,926 | 307,626 | 529,733 | 363,981 | 304,726 | 168,944 | 585,988 | 167,892 | 419,181 | 625,108 | 100,827 |
Depreciation | 372,174 | 421,681 | 376,439 | 344,135 | 350,220 | 438,048 | 189,025 | 198,295 | 198,295 | 211,819 | 145,129 | 124,277 | 166,883 | 213,245 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | 308,205 | 271,692 | 359,999 | 295,235 | 346,800 | 520,609 | 332,159 | 307,185 | 628,288 | 0 | 0 | -15,569 | 15,862 | -34,389 |
Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors | 738,098 | 648,770 | 514,453 | 523,847 | 546,662 | 1,432,354 | -47,801 | 259,534 | 1,232,734 | 754,466 | -2,539,567 | 1,049,789 | -119,506 | 10,375,115 |
Creditors | -16,162 | 8,722 | -43,586 | 45,513 | -96,950 | -64,077 | 89,902 | 29,724 | -31,697 | -93,432 | 45,303 | -256,533 | 113,322 | 276,085 |
Accruals and Deferred Income | -61,793 | -2,048 | 75,873 | 231,657 | -336,949 | 118,915 | -39,097 | -530,650 | 499,538 | 31,468 | -240,023 | -1,532 | -62,853 | 948,983 |
Deferred Taxes & Provisions | 0 | 0 | 0 | -238,550 | 0 | 0 | 0 | 0 | 0 | 0 | 388,550 | -80,506 | -43,642 | 124,148 |
Cash flow from operations | 285,815 | 369,388 | 558,965 | 470,069 | 24,085 | 110,874 | 983,771 | 49,746 | 230,634 | -18,623 | 3,046,418 | -860,471 | 934,186 | -8,746,216 |
Investing Activities | ||||||||||||||
capital expenditure | ||||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | ||||||||||||||
Financing Activities | ||||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | -47,082 | -124,891 | 117,220 | 35,385 | 19,368 | 0 | 0 | 0 | -337,324 | -2,144,150 | 43,483 | -390,966 | 2,828,957 |
Other Short Term Loans | -397 | -125,806 | 126,203 | 0 | -29,489 | -26,468 | 55,957 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | 0 | 0 | 0 | 0 | 0 | -58,364 | 58,364 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -28,954 | -33,474 | 62,428 | 0 | 0 | 0 |
share issue | ||||||||||||||
interest | 0 | -2,908 | -6,681 | 0 | -469 | -5,044 | 0 | 0 | 0 | 0 | 0 | 0 | -41,360 | -25,033 |
cash flow from financing | -397 | -175,796 | -5,369 | 117,220 | 5,427 | -70,508 | 114,321 | 0 | -28,954 | -370,798 | -2,081,722 | 43,483 | -432,326 | -6,123,895 |
cash and cash equivalents | ||||||||||||||
cash | 145,378 | -47,789 | -33,723 | 183,673 | -316,114 | -344,457 | 534,365 | -143,385 | 121,577 | -476,155 | 645,507 | -821,975 | 453,988 | 391,484 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,775 | 1,775 | 0 | 0 | 0 | 0 |
change in cash | 145,378 | -47,789 | -33,723 | 183,673 | -316,114 | -344,457 | 534,365 | -143,385 | 123,352 | -477,930 | 645,507 | -821,975 | 453,988 | 391,484 |
openwave systems limited Credit Report and Business Information
Openwave Systems Limited Competitor Analysis
Perform a competitor analysis for openwave systems limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mid companies, companies in BS1 area or any other competitors across 12 key performance metrics.
openwave systems limited Ownership
OPENWAVE SYSTEMS LIMITED group structure
Openwave Systems Limited has no subsidiary companies.
Ultimate parent company
ENEA AB
#0067077
2 parents
OPENWAVE SYSTEMS LIMITED
04086135
openwave systems limited directors
Openwave Systems Limited currently has 3 directors. The longest serving directors include Mr Jan Haglund (Jul 2019) and Mr Anders Lidbeck (Sep 2023).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Jan Haglund | United Kingdom | 59 years | Jul 2019 | - | Director |
Mr Anders Lidbeck | Sweden | 63 years | Sep 2023 | - | Director |
Mr Ulf Stigberg | Sweden | 59 years | Sep 2023 | - | Director |
P&L
December 2023turnover
7.2m
+6%
operating profit
421.5k
+32%
gross margin
72%
+0.23%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
15.2m
+0.05%
total assets
16m
+0.04%
cash
292.4k
+0.99%
net assets
Total assets minus all liabilities
openwave systems limited company details
company number
04086135
Type
Private limited with Share Capital
industry
62012 - Business and domestic software development
incorporation date
October 2000
age
25
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
osl (uk) limited (July 2005)
openwave systems limited (August 2004)
accountant
-
auditor
BAKER TILLY MOONEY MOORE
address
suite 2 first floor, 10 temple back, bristol, BS1 6FL
Bank
HSBC UK
Legal Advisor
-
openwave systems 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 1 charges/mortgages relating to openwave systems limited. Currently there are 1 open charges and 0 have been satisfied in the past.
openwave systems limited Capital Raised & Share Issues BETA
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openwave systems limited Companies House Filings - See Documents
date | description | view/download |
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