wavex technology limited
wavex technology limited Company Information
Company Number
04258498
Next Accounts
Jun 2025
Shareholders
it services livonia ltd
Group Structure
View All
Industry
Computer consultancy activities
Registered Address
staverton court staverton, cheltenham, gloucestershire, GL51 0UX
Website
www.wavex.co.ukwavex technology limited Estimated Valuation
Pomanda estimates the enterprise value of WAVEX TECHNOLOGY LIMITED at £2.7m based on a Turnover of £3.4m and 0.79x industry multiple (adjusted for size and gross margin).
wavex technology limited Estimated Valuation
Pomanda estimates the enterprise value of WAVEX TECHNOLOGY LIMITED at £102k based on an EBITDA of £18.5k and a 5.51x industry multiple (adjusted for size and gross margin).
wavex technology limited Estimated Valuation
Pomanda estimates the enterprise value of WAVEX TECHNOLOGY LIMITED at £6.8m based on Net Assets of £3m and 2.29x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Wavex Technology Limited Overview
Wavex Technology Limited is a live company located in gloucestershire, GL51 0UX with a Companies House number of 04258498. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in July 2001, it's largest shareholder is it services livonia ltd with a 100% stake. Wavex Technology Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.4m with declining growth in recent years.
Upgrade for unlimited company reports & a free credit check
Wavex Technology Limited Health Check
Pomanda's financial health check has awarded Wavex Technology Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
4 Strong
4 Regular
3 Weak
Size
annual sales of £3.4m, make it larger than the average company (£1.3m)
- Wavex Technology Limited
£1.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (6.9%)
- Wavex Technology Limited
6.9% - Industry AVG
Production
with a gross margin of 48.9%, this company has a comparable cost of product (48.9%)
- Wavex Technology Limited
48.9% - Industry AVG
Profitability
an operating margin of -3.6% make it less profitable than the average company (6.8%)
- Wavex Technology Limited
6.8% - Industry AVG
Employees
with 34 employees, this is above the industry average (12)
34 - Wavex Technology Limited
12 - Industry AVG
Pay Structure
on an average salary of £56.9k, the company has an equivalent pay structure (£56.9k)
- Wavex Technology Limited
£56.9k - Industry AVG
Efficiency
resulting in sales per employee of £100.1k, this is less efficient (£126.7k)
- Wavex Technology Limited
£126.7k - Industry AVG
Debtor Days
it gets paid by customers after 59 days, this is near the average (63 days)
- Wavex Technology Limited
63 days - Industry AVG
Creditor Days
its suppliers are paid after 81 days, this is slower than average (29 days)
- Wavex Technology Limited
29 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Wavex Technology Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 20 weeks, this is average cash available to meet short term requirements (18 weeks)
20 weeks - Wavex Technology Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 28.5%, this is a lower level of debt than the average (57.7%)
28.5% - Wavex Technology Limited
57.7% - Industry AVG
WAVEX TECHNOLOGY LIMITED financials
Wavex Technology Limited's latest turnover from September 2023 is estimated at £3.4 million and the company has net assets of £3 million. According to their latest financial statements, Wavex Technology Limited has 34 employees and maintains cash reserves of £466.6 thousand 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 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 5,566,676 | 5,816,484 | 6,626,925 | 7,870,940 | 9,415,790 | 9,859,261 | 9,673,447 | 8,701,664 | 6,552,289 | ||||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Cost Of Sales | 4,357,664 | 4,290,819 | 4,792,058 | 4,809,979 | 5,670,335 | 5,959,650 | 5,840,431 | 5,014,797 | 3,548,955 | ||||||
| Gross Profit | 1,209,012 | 1,525,665 | 1,834,867 | 3,060,961 | 3,745,455 | 3,899,611 | 3,833,016 | 3,686,867 | 3,003,334 | ||||||
| Admin Expenses | 1,634,311 | 1,589,119 | 2,218,766 | 3,019,043 | 3,233,037 | 3,517,064 | 2,963,669 | 2,639,498 | 2,575,940 | ||||||
| Operating Profit | -425,299 | -63,454 | -383,899 | 41,918 | 512,418 | 382,547 | 869,347 | 1,047,369 | 427,394 | ||||||
| Interest Payable | 4,940 | 14,081 | 27,780 | 18,764 | 22,618 | 16,416 | 3,994 | 13,552 | 15,892 | ||||||
| Interest Receivable | 115 | 397 | 727 | 3,207 | 2,031 | 3,319 | 8,924 | 3,402 | 6,136 | ||||||
| Pre-Tax Profit | -430,124 | -77,138 | -497,452 | 26,361 | 491,831 | 369,450 | 874,277 | 1,037,219 | 417,638 | ||||||
| Tax | 69,127 | 282,268 | 15,994 | 149,836 | 78,512 | -7,920 | -112,147 | -234,747 | -42,097 | ||||||
| Profit After Tax | -360,997 | 205,130 | -481,458 | 176,197 | 570,343 | 361,530 | 762,130 | 802,472 | 375,541 | ||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 500,000 | 0 | ||||||
| Retained Profit | -360,997 | 205,130 | -481,458 | 176,197 | 570,343 | 361,530 | 762,130 | 302,472 | 375,541 | ||||||
| Employee Costs | 5,013,964 | 4,985,474 | 4,770,064 | 4,592,303 | 3,710,609 | 3,177,453 | |||||||||
| Number Of Employees | 34 | 48 | 48 | 48 | 47 | 48 | 58 | 62 | 76 | 94 | 111 | 109 | 107 | 91 | 80 |
| EBITDA* | -314,258 | 39,702 | -262,197 | 160,170 | 737,741 | 588,236 | 1,024,381 | 1,239,387 | 732,578 |
* 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 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 15,307 | 18,129 | 17,400 | 20,543 | 29,776 | 35,192 | 231,082 | 290,074 | 285,543 | 391,505 | 182,693 | 301,000 | 383,033 | 333,941 | 341,579 |
| Intangible Assets | 316,977 | 322,404 | 311,801 | 292,817 | 286,622 | 225,405 | 187,405 | 196,302 | 190,453 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 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 | 0 |
| Total Fixed Assets | 332,284 | 340,533 | 329,201 | 313,360 | 316,398 | 260,597 | 418,487 | 486,376 | 475,996 | 391,505 | 182,693 | 301,000 | 383,033 | 333,941 | 341,579 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,427 | 11,345 | 9,810 | 7,902 | 6,461 |
| Trade Debtors | 557,866 | 525,091 | 647,782 | 704,386 | 783,848 | 1,268,834 | 1,105,991 | 952,903 | 1,081,527 | 911,063 | 1,177,293 | 1,507,700 | 1,599,039 | 1,461,696 | 1,159,072 |
| Group Debtors | 2,427,381 | 2,427,381 | 2,427,381 | 2,427,381 | 2,427,381 | 2,427,381 | 2,427,381 | 2,427,381 | 2,389,646 | 2,600,009 | 2,199,336 | 1,768,082 | 0 | 0 | 0 |
| Misc Debtors | 392,493 | 510,813 | 516,983 | 704,679 | 671,176 | 992,318 | 762,338 | 1,043,914 | 948,662 | 972,430 | 1,004,704 | 734,738 | 572,253 | 481,677 | 259,588 |
| Cash | 466,566 | 741,439 | 1,046,559 | 927,518 | 492,142 | 16,960 | 84,401 | 171,112 | 44,798 | 66,917 | 790,732 | 348,844 | 1,915,549 | 1,452,518 | 942,307 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 3,844,306 | 4,204,724 | 4,638,705 | 4,763,964 | 4,374,547 | 4,705,493 | 4,380,111 | 4,595,310 | 4,464,633 | 4,550,419 | 5,177,492 | 4,370,709 | 4,096,651 | 3,403,793 | 2,367,428 |
| total assets | 4,176,590 | 4,545,257 | 4,967,906 | 5,077,324 | 4,690,945 | 4,966,090 | 4,798,598 | 5,081,686 | 4,940,629 | 4,941,924 | 5,360,185 | 4,671,709 | 4,479,684 | 3,737,734 | 2,709,007 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30,980 | 92,941 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 386,427 | 535,188 | 392,868 | 478,337 | 593,634 | 658,429 | 712,544 | 634,355 | 417,210 | 326,086 | 567,512 | 505,562 | 614,258 | 560,379 | 327,381 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 296,334 | 254,334 | 254,334 | 254,334 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 309,058 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 57,672 | 0 | 109,797 | 0 | 0 | 0 | 0 | 228 |
| other current liabilities | 803,126 | 930,924 | 1,317,910 | 1,376,727 | 997,073 | 1,471,433 | 1,325,671 | 1,214,786 | 1,121,941 | 983,922 | 1,623,915 | 1,271,398 | 1,374,207 | 1,417,286 | 830,860 |
| total current liabilities | 1,189,553 | 1,466,112 | 1,710,778 | 1,855,064 | 1,590,707 | 2,129,862 | 2,038,215 | 1,906,813 | 1,848,209 | 1,419,805 | 2,191,427 | 2,073,294 | 2,242,799 | 2,262,979 | 1,505,744 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 49,500 | 0 | 57,672 | 0 | 0 | 0 | 0 | 0 | 30,980 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 177,165 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 49,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 89,280 | 3,254 | 56,747 | 179,714 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 89,280 | 52,754 | 106,247 | 237,386 | 177,165 | 0 | 0 | 0 | 0 | 30,980 |
| total liabilities | 1,189,553 | 1,466,112 | 1,710,778 | 1,855,064 | 1,590,707 | 2,219,142 | 2,090,969 | 2,013,060 | 2,085,595 | 1,596,970 | 2,191,427 | 2,073,294 | 2,242,799 | 2,262,979 | 1,536,724 |
| net assets | 2,987,037 | 3,079,145 | 3,257,128 | 3,222,260 | 3,100,238 | 2,746,948 | 2,707,629 | 3,068,626 | 2,855,034 | 3,344,954 | 3,168,758 | 2,598,415 | 2,236,885 | 1,474,755 | 1,172,283 |
| total shareholders funds | 2,987,037 | 3,079,145 | 3,257,128 | 3,222,260 | 3,100,238 | 2,746,948 | 2,707,629 | 3,068,626 | 2,855,034 | 3,344,954 | 3,168,758 | 2,598,415 | 2,236,885 | 1,474,755 | 1,172,283 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | -425,299 | -63,454 | -383,899 | 41,918 | 512,418 | 382,547 | 869,347 | 1,047,369 | 427,394 | ||||||
| Depreciation | 7,420 | 13,615 | 8,158 | 9,993 | 24,957 | 45,787 | 59,071 | 62,791 | 121,702 | 118,252 | 225,323 | 205,689 | 155,034 | 192,018 | 206,941 |
| Amortisation | 134,909 | 117,361 | 105,323 | 121,273 | 94,645 | 61,161 | 51,970 | 40,365 | 0 | 0 | 0 | 0 | 0 | 0 | 98,243 |
| Tax | 69,127 | 282,268 | 15,994 | 149,836 | 78,512 | -7,920 | -112,147 | -234,747 | -42,097 | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -5,427 | -5,918 | 1,535 | 1,908 | 1,441 | 6,461 |
| Debtors | -85,545 | -128,861 | -244,300 | -45,959 | -806,128 | 392,823 | -128,488 | 4,363 | -63,667 | 102,169 | 370,813 | 1,839,228 | 227,919 | 524,713 | 1,418,660 |
| Creditors | -148,761 | 142,320 | -85,469 | -115,297 | -64,795 | -54,115 | 78,189 | 217,145 | 91,124 | -241,426 | 61,950 | -108,696 | 53,879 | 232,998 | 327,381 |
| Accruals and Deferred Income | -127,798 | -386,986 | -58,817 | 379,654 | -474,360 | 145,762 | 110,885 | 92,845 | 138,019 | -639,993 | 352,517 | -102,809 | -43,079 | 586,426 | 830,860 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | -89,280 | 86,026 | -53,493 | -122,967 | 179,714 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 18,938 | 504,630 | 226,321 | -668,155 | 865,825 | -1,471,952 | 693,207 | 1,297,910 | 423,601 | ||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 0 | 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 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -296,334 | 42,000 | 0 | 0 | 254,334 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -309,058 | 309,058 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | -49,500 | 49,500 | -57,672 | 57,672 | 0 | 0 | 0 | 0 | -30,980 | 30,980 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | -57,672 | 57,672 | -286,962 | 286,962 | 0 | 0 | 0 | -228 | 228 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | -49,500 | 49,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | -4,825 | -13,684 | -27,053 | -15,557 | -20,587 | -13,097 | 4,930 | -10,150 | -9,756 | ||||||
| cash flow from financing | -62,497 | -264,780 | 44,253 | 271,404 | -316,921 | 28,903 | 4,930 | -41,358 | 1,072,528 | ||||||
| cash and cash equivalents | |||||||||||||||
| cash | -274,873 | -305,120 | 119,041 | 435,376 | 475,182 | -67,441 | -86,711 | 126,314 | -22,119 | -723,815 | 441,888 | -1,566,705 | 463,031 | 510,211 | 942,307 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -30,980 | -61,961 | 92,941 |
| change in cash | -274,873 | -305,120 | 119,041 | 435,376 | 475,182 | -67,441 | -86,711 | 126,314 | -22,119 | -723,815 | 441,888 | -1,566,705 | 494,011 | 572,172 | 849,366 |
wavex technology limited Credit Report and Business Information
Wavex Technology Limited Competitor Analysis
Perform a competitor analysis for wavex technology limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in GL51 area or any other competitors across 12 key performance metrics.
wavex technology limited Ownership
WAVEX TECHNOLOGY LIMITED group structure
Wavex Technology Limited has no subsidiary companies.
wavex technology limited directors
Wavex Technology Limited currently has 5 directors. The longest serving directors include Mr Gavin Russell (Oct 2002) and Mr Edward Bullard (Dec 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Gavin Russell | United Kingdom | 51 years | Oct 2002 | - | Director |
| Mr Edward Bullard | England | 56 years | Dec 2020 | - | Director |
| Mr Andreas Hajialexandrou | England | 57 years | Dec 2020 | - | Director |
| Mr Andreas Hajialexandrou | United Kingdom | 57 years | Dec 2020 | - | Director |
| Mr Savva Flouri | United Kingdom | 47 years | Mar 2021 | - | Director |
P&L
September 2023turnover
3.4m
-11%
operating profit
-123.8k
0%
gross margin
49%
+2.42%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
3m
-0.03%
total assets
4.2m
-0.08%
cash
466.6k
-0.37%
net assets
Total assets minus all liabilities
wavex technology limited company details
company number
04258498
Type
Private limited with Share Capital
industry
62020 - Computer consultancy activities
incorporation date
July 2001
age
24
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
September 2023
previous names
p.c. division limited (November 2002)
accountant
HAZLEWOODS LLP
auditor
-
address
staverton court staverton, cheltenham, gloucestershire, GL51 0UX
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
wavex technology 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 5 charges/mortgages relating to wavex technology limited. Currently there are 0 open charges and 5 have been satisfied in the past.
wavex technology 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 WAVEX TECHNOLOGY LIMITED. This can take several minutes, an email will notify you when this has completed.
wavex technology limited Companies House Filings - See Documents
| date | description | view/download |
|---|
