openwave systems limited

openwave systems limited Company Information

Share OPENWAVE SYSTEMS LIMITED
Live 
MatureMidHealthy

Company Number

04086135

Industry

Business and domestic software development

 

Directors

Jan Haglund

Anders Lidbeck

View All

Shareholders

openwave ii uk limited

Group Structure

View All

Contact

Registered Address

suite 2 first floor, 10 temple back, bristol, BS1 6FL

openwave systems limited Estimated Valuation

£7.4m

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

£4.9m

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

£36m

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).

Edit your figures and get a professional valuation report.

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.

View Sample
View Sample
View Sample

Upgrade for unlimited company reports & a free credit check

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

Health Check Image
Health Rating5out of 5
positive_score

5 Strong

positive_score

2 Regular

positive_score

3 Weak

size

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

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

Production

with a gross margin of 72%, this company has a comparable cost of product (72%)

72% - Openwave Systems Limited

72% - Industry AVG

profitability

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

Employees

with 61 employees, this is above the industry average (40)

61 - Openwave Systems Limited

40 - Industry AVG

paystructure

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

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

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Openwave Systems Limited

- - Industry AVG

creditordays

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

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Openwave Systems Limited

- - Industry AVG

cashbalance

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

debtlevel

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

EXPORTms excel logo

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 HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jun 2010
Turnover7,171,2496,736,3586,260,2156,306,9666,456,2629,518,0206,667,3646,431,2866,647,0947,963,49610,581,69711,397,54612,624,95310,969,901
Other Income Or Grants00000000000000
Cost Of Sales2,008,5781,897,8361,688,8261,737,5471,740,8452,588,2071,731,4901,642,0301,704,6022,130,5832,514,9512,744,71911,999,84510,869,074
Gross Profit5,162,6714,838,5224,571,3894,569,4194,715,4176,929,8134,935,8744,789,2564,942,4925,832,9138,066,7468,652,827625,108100,827
Admin Expenses4,741,1824,520,4114,266,6964,253,4934,407,7916,400,0804,571,8934,484,5304,773,5485,246,9257,898,8548,233,64600
Operating Profit421,489318,111304,693315,926307,626529,733363,981304,726168,944585,988167,892419,181625,108100,827
Interest Payable02,9086,68104695,04400000041,50426,637
Interest Receivable0000000000001441,604
Pre-Tax Profit421,489315,203298,012315,926307,157524,689357,712304,726168,944585,988167,892591,085583,74815,848,415
Tax308,205271,692359,999295,235346,800520,609332,159307,185628,28800-15,56915,862-34,389
Profit After Tax729,694586,895658,011611,161653,9571,045,298689,871611,911797,232585,988167,892575,516599,61015,814,026
Dividends Paid00000000000000
Retained Profit729,694586,895658,011611,161653,9571,045,298689,871611,911797,232585,988167,892575,516599,61015,814,026
Employee Costs5,322,6695,181,1974,793,4644,362,4544,290,8196,843,0484,634,8474,553,4685,370,5646,030,8967,218,9768,275,2088,479,4047,631,628
Number Of Employees61666564656669748191121136137129
EBITDA*793,663739,792681,132660,061657,846967,781553,006503,021367,239797,807313,021543,458791,991314,072

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jun 2010
Tangible Assets325,544557,678737,978527,098467,617472,211525,436157,003162,167282,134405,444231,384178,770297,781
Intangible Assets00000000000000
Investments & Other00000000000000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets325,544557,678737,978527,098467,617472,211525,436157,003162,167282,134405,444231,384178,770297,781
Stock & work in progress00000000000000
Trade Debtors00000000000000
Group Debtors14,547,17913,905,26912,695,50012,837,45611,583,55911,051,65010,295,2289,849,6089,366,4569,234,2628,527,38410,859,7309,662,0849,721,244
Misc Debtors821,769725,5811,286,580630,1711,360,2211,345,468669,5361,162,9571,386,575286,035238,447445,668593,525653,871
Cash292,374146,996194,785228,50844,835360,949705,406171,041314,426192,849669,00423,497845,472391,484
misc current assets00000000000000
total current assets15,661,32214,777,84614,176,86513,696,13512,988,61512,758,06711,670,17011,183,60611,067,4579,713,1469,434,83511,328,89511,101,08110,766,599
total assets15,986,86615,335,52414,914,84314,223,23313,456,23213,230,27812,195,60611,340,60911,229,6249,995,2809,840,27911,560,27911,279,85111,064,380
Bank overdraft0000000001,7750000
Bank loan00000000000000
Trade Creditors 6,13422,29613,57457,16011,647108,597172,67482,77253,04884,745178,177132,874389,407276,085
Group/Directors Accounts0047,082171,97354,75319,3680000337,3242,481,4742,437,9912,828,957
other short term finances0397126,2030029,48955,9570000000
hp & lease commitments00000000000000
other current liabilities631,489693,282695,330619,457387,800724,749605,834644,9311,175,581676,043644,575884,598886,130948,983
total current liabilities637,623715,975882,189848,590454,200882,203834,465727,7031,228,629762,5631,160,0763,498,9463,713,5284,054,025
loans00000058,3640000000
hp & lease commitments00000000000000
Accruals and Deferred Income00000000000000
other liabilities00000000028,95462,428000
provisions150,000150,000150,000150,000388,550388,550388,550388,550388,550388,550388,550080,506124,148
total long term liabilities150,000150,000150,000150,000388,550388,550446,914388,550388,550417,504450,978080,506124,148
total liabilities787,623865,9751,032,189998,590842,7501,270,7531,281,3791,116,2531,617,1791,180,0671,611,0543,498,9463,794,0344,178,173
net assets15,199,24314,469,54913,882,65413,224,64312,613,48211,959,52510,914,22710,224,3569,612,4458,815,2138,229,2258,061,3337,485,8176,886,207
total shareholders funds15,199,24314,469,54913,882,65413,224,64312,613,48211,959,52510,914,22710,224,3569,612,4458,815,2138,229,2258,061,3337,485,8176,886,207
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jun 2010
Operating Activities
Operating Profit421,489318,111304,693315,926307,626529,733363,981304,726168,944585,988167,892419,181625,108100,827
Depreciation372,174421,681376,439344,135350,220438,048189,025198,295198,295211,819145,129124,277166,883213,245
Amortisation00000000000000
Tax308,205271,692359,999295,235346,800520,609332,159307,185628,28800-15,56915,862-34,389
Stock00000000000000
Debtors738,098648,770514,453523,847546,6621,432,354-47,801259,5341,232,734754,466-2,539,5671,049,789-119,50610,375,115
Creditors-16,1628,722-43,58645,513-96,950-64,07789,90229,724-31,697-93,43245,303-256,533113,322276,085
Accruals and Deferred Income-61,793-2,04875,873231,657-336,949118,915-39,097-530,650499,53831,468-240,023-1,532-62,853948,983
Deferred Taxes & Provisions000-238,550000000388,550-80,506-43,642124,148
Cash flow from operations285,815369,388558,965470,06924,085110,874983,77149,746230,634-18,6233,046,418-860,471934,186-8,746,216
Investing Activities
capital expenditure-140,040-241,381-587,319-403,616-345,626-384,823-557,458-193,131-78,328-88,509-319,189-176,891-47,872-511,026
Change in Investments00000000000000
cash flow from investments-140,040-241,381-587,319-403,616-345,626-384,823-557,458-193,131-78,328-88,509-319,189-176,891-47,872-511,026
Financing Activities
Bank loans00000000000000
Group/Directors Accounts0-47,082-124,891117,22035,38519,368000-337,324-2,144,15043,483-390,9662,828,957
Other Short Term Loans -397-125,806126,2030-29,489-26,46855,9570000000
Long term loans00000-58,36458,3640000000
Hire Purchase and Lease Commitments00000000000000
other long term liabilities00000000-28,954-33,47462,428000
share issue0000000000000-8,927,819
interest0-2,908-6,6810-469-5,044000000-41,360-25,033
cash flow from financing-397-175,796-5,369117,2205,427-70,508114,3210-28,954-370,798-2,081,72243,483-432,326-6,123,895
cash and cash equivalents
cash145,378-47,789-33,723183,673-316,114-344,457534,365-143,385121,577-476,155645,507-821,975453,988391,484
overdraft00000000-1,7751,7750000
change in cash145,378-47,789-33,723183,673-316,114-344,457534,365-143,385123,352-477,930645,507-821,975453,988391,484

openwave systems limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for openwave systems limited. Get real-time insights into openwave systems limited's credit score, group structure and payment trends.

From as little as £6.99

This will not impact your credit rating!

View Credit Report Sample

Openwave Systems Limited Competitor Analysis

competitor_analysis_table_img

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 Shareholders

openwave ii uk limited 100%

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).

officercountryagestartendrole
Mr Jan HaglundUnited Kingdom59 years Jul 2019- Director
Mr Anders LidbeckSweden63 years Sep 2023- Director
Mr Ulf StigbergSweden59 years Sep 2023- Director

P&L

December 2023

turnover

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 2023

net 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

ENEA AB

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

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.

Click to start generating capital raising & share issue transactions for OPENWAVE SYSTEMS LIMITED. This can take several minutes, an email will notify you when this has completed.

openwave systems limited Companies House Filings - See Documents

datedescriptionview/download