Wavecrest Properties Limited

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wavecrest properties limited Company Information

Company Number

05204412

Next Accounts

May 2025

Directors

Javid Adam

Shareholders

mrs shamim adam

mr javid adam

Group Structure

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Industry

Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

Registered Address

198 preston new road, blackburn, lancs, BB2 6PN

Website

wavecrest properties limited Estimated Valuation

£243.9k

Pomanda estimates the enterprise value of WAVECREST PROPERTIES LIMITED at £243.9k based on Net Assets of £139.7k and 1.75x industry multiple (adjusted for liquidity).

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Wavecrest Properties Limited is a live company located in lancs, BB2 6PN with a Companies House number of 05204412. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in August 2004, it's largest shareholder is mrs shamim adam with a 50% stake. Wavecrest Properties Limited is a mature, micro sized company, Pomanda has estimated its turnover at £48.8k with declining growth in recent years.

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Pomanda's financial health check has awarded Wavecrest Properties Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

3 Strong

1 Regular

6 Weak

Size

annual sales of £48.8k, make it smaller than the average company (£823k)

Growth

3 year (CAGR) sales growth of -25%, show it is growing at a slower rate (2.7%)

EXPORT

Wavecrest Properties Limited's latest turnover from August 2023 is estimated at £48.8 thousand and the company has net assets of £139.7 thousand. According to their latest financial statements, Wavecrest Properties Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	48,808	55,521	140,153	115,233	61,987	119,859	90,099	71,757	92,738	99,852	90,882	79,663	78,257	12,800	19,900
Other Income Or Grants
Cost Of Sales	33,981	39,332	101,485	81,325	43,853	83,232	60,875	48,448	65,997	72,444	67,235	58,244	57,022	8,933
Gross Profit	14,827	16,189	38,668	33,907	18,134	36,627	29,225	23,309	26,741	27,408	23,646	21,419	21,235	3,867
Admin Expenses	11,191	13,014	32,293	31,703	8,555	26,846	26,011	14,139	17,713	18,535	14,471	12,494	-524	10,003	-88,521
Operating Profit	3,636	3,175	6,375	2,204	9,579	9,781	3,214	9,170	9,028	8,873	9,175	8,925	21,759	-6,136	88,521
Interest Payable
Interest Receivable							7	8	1	1			2	2
Pre-Tax Profit	3,636	3,175	6,375	2,204	9,579	9,781	3,221	9,178	9,029	8,873	9,175	8,925	21,761	-6,134	88,521
Tax	-909	-603	-1,211	-419	-1,820	-1,858	-612	-1,835	-1,806	-1,863	-2,110	-2,142	-5,658		-24,786
Profit After Tax	2,727	2,572	5,164	1,785	7,759	7,923	2,609	7,342	7,223	7,010	7,065	6,783	16,103	-6,134	63,735
Dividends Paid
Retained Profit	2,727	2,572	5,164	1,785	7,759	7,923	2,609	7,342	7,223	7,010	7,065	6,783	16,103	-6,134	63,735
Employee Costs	62,000	59,688	54,347	54,294	27,558	26,532	25,332	25,800	26,000	24,884	23,766	24,101	23,469	24,096
Number Of Employees	2	2	2	2	1	1	1	1	1	1	1	1	1	1
EBITDA*	3,636	3,175	6,375	2,204	9,579	9,781	3,214	9,170	9,028	8,873	9,175	8,925	21,759	-6,136	88,521

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Tangible Assets	182,849	182,849	182,849	182,849	182,849	182,849	182,849	182,849	182,849	182,849	182,849	182,849	182,849	182,849	182,849
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	182,849	182,849	182,849	182,849	182,849	182,849	182,849	182,849	182,849	182,849	182,849	182,849	182,849	182,849	182,849
Stock & work in progress
Trade Debtors	311	3,740	35,355	21,884	9,002	24,265	16,867
Group Debtors
Misc Debtors
Cash								5,877	198	143	142	2	41	735
misc current assets
total current assets	311	3,740	35,355	21,884	9,002	24,265	16,867	5,877	198	143	142	2	41	735
total assets	183,160	186,589	218,204	204,733	191,851	207,114	199,716	188,726	183,047	182,992	182,991	182,851	182,890	183,584	182,849
Bank overdraft
Bank loan
Trade Creditors	43,494	49,650	83,837	75,530	64,433	87,455	87,980	79,499	79,592	77,414	75,260	73,199	71,218	79,396	64,068
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities	43,494	49,650	83,837	75,530	64,433	87,455	87,980	79,499	79,592	77,414	75,260	73,199	71,218	79,396	64,068
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities									1,570	10,916	20,079	29,065	37,868	46,487	54,946
provisions
total long term liabilities									1,570	10,916	20,079	29,065	37,868	46,487	54,946
total liabilities	43,494	49,650	83,837	75,530	64,433	87,455	87,980	79,499	81,162	88,330	95,339	102,264	109,086	125,883	119,014
net assets	139,666	136,939	134,367	129,203	127,418	119,659	111,736	109,227	101,885	94,662	87,652	80,587	73,804	57,701	63,835
total shareholders funds	139,666	136,939	134,367	129,203	127,418	119,659	111,736	109,227	101,885	94,662	87,652	80,587	73,804	57,701	63,835

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	3,636	3,175	6,375	2,204	9,579	9,781	3,214	9,170	9,028	8,873	9,175	8,925	21,759	-6,136	88,521
Depreciation
Amortisation
Tax	-909	-603	-1,211	-419	-1,820	-1,858	-612	-1,835	-1,806	-1,863	-2,110	-2,142	-5,658		-24,786
Stock
Debtors	-3,429	-31,615	13,471	12,882	-15,263	7,398	16,867
Creditors	-6,156	-34,187	8,307	11,097	-23,022	-525	8,481	-93	2,178	2,154	2,061	1,981	-8,178	15,328	64,068
Accruals and Deferred Income
Deferred Taxes & Provisions
Cash flow from operations							-5,784	7,242	9,400	9,164	9,126	8,764	7,923	9,192	127,803
Investing Activities
capital expenditure															-182,849
Change in Investments
cash flow from investments															-182,849
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities								-1,570	-9,346	-9,163	-8,986	-8,803	-8,619	-8,459	54,946
share issue							-100								100
interest							7	8	1	1			2	2
cash flow from financing							-93	-1,562	-9,345	-9,162	-8,986	-8,803	-8,617	-8,457	55,046
cash and cash equivalents
cash							-5,877	5,679	55	1	140	-39	-694	735
overdraft
change in cash							-5,877	5,679	55	1	140	-39	-694	735

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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WAVECREST PROPERTIES LIMITED group structure

Wavecrest Properties Limited has no subsidiary companies.

Ultimate parent company

WAVECREST PROPERTIES LIMITED

05204412

WAVECREST PROPERTIES LIMITED Shareholders

mrs shamim adam	50%
mr javid adam	50%

Wavecrest Properties Limited currently has 1 director, Mr Javid Adam serving since Aug 2004.

officer	country	age	start	end	role
Mr Javid Adam		54 years	Aug 2004	-	Director

P&L

August 2023

turnover

48.8k

-12%

operating profit

3.6k

gross margin

30.4%

+4.18%

turnover

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

Balance Sheet

August 2023

net assets

139.7k

+0.02%

total assets

183.2k

-0.02%

cash

net assets

Total assets minus all liabilities

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company number

05204412

Type

Private limited with Share Capital

industry

68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

incorporation date

August 2004

ultimate parent company

None

previous names

N/A

address

198 preston new road, blackburn, lancs, BB2 6PN

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 2 charges/mortgages relating to wavecrest properties limited. Currently there are 2 open charges and 0 have been satisfied in the past.

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.

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wavecrest properties limited Company Information

wavecrest properties limited Estimated Valuation

wavecrest properties limited Estimated Valuation

wavecrest properties limited Estimated Valuation

Wavecrest Properties Limited Overview

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