Mwaves Limited

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mwaves limited Company Information

Live

EstablishedSmallDeclining

Company Number

05397719

Website

www.mwaves.co.uk

Registered Address

c/o azets burnham yard, london end, beaconsfield, bucks, HP9 2JH

Industry

Engineering related scientific and technical consulting activities

Telephone

01224392500

Next Accounts Due

December 2024

Group Structure

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Directors

Ian Sherrington19 Years

Dennis Kelly19 Years

View All

Shareholders

waves group limited 100%

mwaves limited Estimated Valuation

£1.8m

Pomanda estimates the enterprise value of MWAVES LIMITED at £1.8m based on Net Assets of £680.9k and 2.71x industry multiple (adjusted for liquidity).

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Mwaves Limited is a live company located in beaconsfield, HP9 2JH with a Companies House number of 05397719. It operates in the engineering related scientific and technical consulting activities sector, SIC Code 71122. Founded in March 2005, it's largest shareholder is waves group limited with a 100% stake. Mwaves Limited is a established, small sized company, Pomanda has estimated its turnover at £1.7m with declining growth in recent years.

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Pomanda's financial health check has awarded Mwaves 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

Health Rating4out of 5

4 Strong

4 Regular

3 Weak

Size

annual sales of £1.7m, make it larger than the average company (£737k)

Growth

3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (4.5%)

EXPORT

Mwaves Limited's latest turnover from March 2023 is estimated at £1.7 million and the company has net assets of £680.9 thousand. According to their latest financial statements, Mwaves Limited has 21 employees and maintains cash reserves of £34.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	1,739,038	1,342,700	1,275,424	1,905,864	1,375,454	1,909,041	2,002,617	2,370,141	1,653,515	699,112	1,107,453	889,759	695,855	587,569
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,093,541	795,337	751,436	1,118,114	792,109	1,070,351	970,167	1,054,490	872,131	329,150	559,131	499,189	288,036	258,618
Gross Profit	645,497	547,362	523,989	787,750	583,345	838,690	1,032,450	1,315,651	781,384	369,962	548,322	390,570	407,819	328,950
Admin Expenses	774,532	658,780	203,386	663,135	690,262	442,339	760,404	1,251,834	773,323	354,956	444,167	442,861	451,577	169,222
Operating Profit	-129,035	-111,418	320,603	124,615	-106,917	396,351	272,046	63,817	8,061	15,006	104,155	-52,291	-43,758	159,728
Interest Payable	23,068	16,875	7,625	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	1,070	632	108	67	1,410	1,406	372	116	305	645	456	123	272	252
Pre-Tax Profit	-151,033	-127,661	313,086	124,681	-105,507	397,757	272,419	63,933	8,366	15,652	104,611	-52,168	-43,486	159,981
Tax	0	0	-59,486	-23,689	0	-75,574	-54,484	-12,786	-1,757	-3,600	-25,107	0	0	-44,795
Profit After Tax	-151,033	-127,661	253,600	100,992	-105,507	322,183	217,935	51,146	6,609	12,052	79,504	-52,168	-43,486	115,186
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-151,033	-127,661	253,600	100,992	-105,507	322,183	217,935	51,146	6,609	12,052	79,504	-52,168	-43,486	115,186
Employee Costs	1,090,776	954,234	902,380	810,741	944,992	890,458	794,211	1,143,710	724,057	326,526	512,523	452,447	359,506	307,154
Number Of Employees	21	18	18	17	19	18	16	23	15	7	11	10	8	7
EBITDA*	-123,621	-105,542	322,774	126,523	-103,403	400,414	276,746	68,660	10,455	16,703	105,528	-51,229	-42,661	160,532

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	8,055	13,469	19,345	4,534	5,509	3,704	7,317	10,842	4,765	5,248	3,531	2,329	1,729	1,655
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	8,055	13,469	19,345	4,534	5,509	3,704	7,317	10,842	4,765	5,248	3,531	2,329	1,729	1,655
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	405,292	296,552	311,519	415,783	277,299	468,097	567,715	487,373	337,162	115,676	176,036	133,412	137,144	95,294
Group Debtors	331,908	545,265	674,970	225,560	0	0	0	0	0	0	0	0	0	0
Misc Debtors	428,025	419,373	221,334	374,033	512,437	624,867	385,686	0	0	0	0	0	0	0
Cash	34,101	16,241	152,363	63,925	69,705	306,212	256,297	41,514	4,885	117,046	141,140	41,251	7,874	100,869
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,199,326	1,277,431	1,360,186	1,079,301	859,441	1,399,176	1,209,698	528,887	342,047	232,722	317,176	174,663	145,018	196,163
total assets	1,207,381	1,290,900	1,379,531	1,083,835	864,950	1,402,880	1,217,015	539,729	346,812	237,970	320,707	176,992	146,747	197,818
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	50,106	50,000	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	94,386	117,531	44,586	230,790	122,836	209,972	127,098	369,036	226,565	124,332	219,321	155,210	73,147	80,732
Group/Directors Accounts	115,687	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	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	116,300	91,434	125,349	147,049	137,110	482,297	701,289	0	0	0	0	0	0	0
total current liabilities	376,479	258,965	169,935	377,839	259,946	692,269	828,387	369,036	226,565	124,332	219,321	155,210	73,147	80,732
loans	150,000	200,000	250,000	0	0	0	0	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	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	150,000	200,000	250,000	0	0	0	0	0	0	0	0	0	0	0
total liabilities	526,479	458,965	419,935	377,839	259,946	692,269	828,387	369,036	226,565	124,332	219,321	155,210	73,147	80,732
net assets	680,902	831,935	959,596	705,996	605,004	710,611	388,628	170,693	120,247	113,638	101,386	21,782	73,600	117,086
total shareholders funds	680,902	831,935	959,596	705,996	605,004	710,611	388,628	170,693	120,247	113,638	101,386	21,782	73,600	117,086

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	-129,035	-111,418	320,603	124,615	-106,917	396,351	272,046	63,817	8,061	15,006	104,155	-52,291	-43,758	159,728
Depreciation	5,414	5,876	2,171	1,908	3,514	4,063	4,700	4,843	2,394	1,697	1,373	1,062	1,097	804
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-59,486	-23,689	0	-75,574	-54,484	-12,786	-1,757	-3,600	-25,107	0	0	-44,795
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-95,965	53,367	192,447	225,640	-303,228	139,563	466,028	150,211	221,486	-60,360	42,624	-3,732	41,850	95,294
Creditors	-23,145	72,945	-186,204	107,954	-87,136	82,874	-241,938	142,471	102,233	-94,989	64,111	82,063	-7,585	80,732
Accruals and Deferred Income	24,866	-33,915	-21,700	9,939	-345,187	-218,992	701,289	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-25,935	-119,879	-137,063	-4,913	-232,498	49,159	215,585	48,134	-110,555	-21,526	101,908	34,566	-92,096	101,175
Investing Activities
capital expenditure	0	0	-16,982	-933	-5,319	-450	-1,175	-10,920	-1,911	-3,414	-2,575	-1,662	-1,171	-2,459
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	-16,982	-933	-5,319	-450	-1,175	-10,920	-1,911	-3,414	-2,575	-1,662	-1,171	-2,459
Financing Activities
Bank loans	106	50,000	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	115,687	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-50,000	-50,000	250,000	0	0	0	0	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	0	0	0	0	0	0
share issue	0	0	0	0	-100	-200	0	-700	0	200	100	350	0	1,900
interest	-21,998	-16,243	-7,517	67	1,410	1,406	372	116	305	645	456	123	272	252
cash flow from financing	43,795	-16,243	242,483	67	1,310	1,206	372	-584	305	845	556	473	272	2,152
cash and cash equivalents
cash	17,860	-136,122	88,438	-5,780	-236,507	49,915	214,783	36,629	-112,161	-24,094	99,889	33,377	-92,995	100,869
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	17,860	-136,122	88,438	-5,780	-236,507	49,915	214,783	36,629	-112,161	-24,094	99,889	33,377	-92,995	100,869

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MWAVES LIMITED group structure

Mwaves Limited has no subsidiary companies.

Ultimate parent company

WAVES GROUP LIMITED

10394590

1 parent

MWAVES LIMITED

05397719

MWAVES LIMITED Shareholders

waves group limited

100%

Mwaves Limited currently has 6 directors. The longest serving directors include Mr Ian Sherrington (Mar 2005) and Mr Dennis Kelly (Apr 2005).

officer	country	age	start	end	role
Mr Ian Sherrington	United Kingdom	67 years	Mar 2005	-	Director
Mr Dennis Kelly	United Kingdom	59 years	Apr 2005	-	Director
Mr Jeremy Panes	United Kingdom	48 years	Dec 2010	-	Director
Mr Simon Burnay	United Kingdom	49 years	Jul 2013	-	Director
Mr Philip Donoghue	United Kingdom	61 years	Feb 2016	-	Director
Mr Nigel James	United Kingdom	65 years	May 2016	-	Director

P&L

March 2023

turnover

1.7m

+30%

operating profit

-129k

gross margin

37.2%

-8.95%

turnover

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

Balance Sheet

March 2023

net assets

680.9k

-0.18%

total assets

1.2m

-0.06%

cash

34.1k

+1.1%

net assets

Total assets minus all liabilities

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4.5

company number

05397719

Type

Private limited with Share Capital

industry

71122 - Engineering related scientific and technical consulting activities

incorporation date

March 2005

ultimate parent company

WAVES GROUP LIMITED

previous names

N/A

address

c/o azets burnham yard, london end, beaconsfield, bucks, HP9 2JH

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 mwaves limited. Currently there are 3 open charges and 2 have been satisfied in the past.

mwaves limited Company Information

mwaves limited Estimated Valuation

mwaves limited Estimated Valuation

mwaves limited Estimated Valuation

Mwaves Limited Overview

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MWAVES LIMITED financials

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