Wap Network Group Limited

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wap network group limited Company Information

Company Number

05524883

Next Accounts

May 2025

Directors

Ivan Simunic

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Shareholders

amanda simunic

ivan simunic

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Group Structure

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Industry

Other personal service activities n.e.c.

Registered Address

277-279 chiswick high road, london, W4 4PU

Website

www.wapnetwork.co.uk

wap network group limited Estimated Valuation

£100.1k

Pomanda estimates the enterprise value of WAP NETWORK GROUP LIMITED at £100.1k based on a Turnover of £134.3k and 0.75x industry multiple (adjusted for size and gross margin).

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Wap Network Group Limited is a live company located in london, W4 4PU with a Companies House number of 05524883. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in August 2005, it's largest shareholder is amanda simunic with a 25% stake. Wap Network Group Limited is a mature, micro sized company, Pomanda has estimated its turnover at £134.3k with declining growth in recent years.

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Pomanda's financial health check has awarded Wap Network Group Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1out of 5

0 Strong

3 Regular

8 Weak

Size

annual sales of £134.3k, make it smaller than the average company (£899.5k)

Growth

3 year (CAGR) sales growth of -31%, show it is growing at a slower rate (6.2%)

EXPORT

Wap Network Group Limited's latest turnover from August 2023 is estimated at £134.3 thousand and the company has net assets of £5.2 thousand. According to their latest financial statements, Wap Network Group Limited has 2 employees and maintains cash reserves of £28.1 thousand 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	134,349	202,333	139,458	416,066	670,052	678,314	765,375	4,114,978	4,422,207	1,747,350	1,711,720	2,668,550	1,281,413	1,161,827	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	79,151	121,254	84,343	252,964	404,122	408,894	452,922	2,405,146	2,625,604	1,052,745	996,748	1,552,673	733,586	654,940	0
Gross Profit	55,198	81,080	55,115	163,101	265,931	269,419	312,453	1,709,832	1,796,602	694,605	714,972	1,115,877	547,828	506,887	0
Admin Expenses	63,661	83,485	84,630	204,712	272,393	337,560	422,003	1,925,522	1,909,813	963,034	515,940	889,292	-154,650	499,629	-1,693
Operating Profit	-8,463	-2,405	-29,515	-41,611	-6,462	-68,141	-109,550	-215,690	-113,211	-268,429	199,032	226,585	702,478	7,258	1,693
Interest Payable	16	11	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	1,065	388	19	19	275	337	201	247	1,566	3,327	4,008	4,417	3,021	825	186
Pre-Tax Profit	-7,414	-2,029	-29,496	-41,592	-6,187	-67,804	-109,349	-215,443	-111,645	-265,102	203,040	231,003	705,499	8,083	1,879
Tax	0	0	0	0	0	0	0	0	0	0	-46,699	-55,441	-183,430	-2,263	-526
Profit After Tax	-7,414	-2,029	-29,496	-41,592	-6,187	-67,804	-109,349	-215,443	-111,645	-265,102	156,341	175,562	522,069	5,820	1,353
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-7,414	-2,029	-29,496	-41,592	-6,187	-67,804	-109,349	-215,443	-111,645	-265,102	156,341	175,562	522,069	5,820	1,353
Employee Costs	61,397	57,787	55,963	79,176	81,161	77,136	124,020	1,430,582	1,501,463	594,167	592,787	944,520	456,542	393,226	0
Number Of Employees	2	2	2	3	3	3	5	54	57	23	23	37	18	16	0
EBITDA*	-6,173	-115	-27,225	-39,321	-4,172	-65,851	-107,260	-213,400	-109,739	-267,864	199,545	226,585	702,479	19,770	4,020

* 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	2,297	4,587	6,877	9,167	11,457	13,747	16,037	18,327	20,617	1,182	1,537	0	0	31,126	2,138
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	101	101	101	101	101	101	40,101	40,101	293,464	235,771	178,079	130,002	130,002	30,002	2
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	2,398	4,688	6,978	9,268	11,558	13,848	56,138	58,428	314,081	236,953	179,616	130,002	130,002	61,128	2,140
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	13,320	31,740	17,280	65,283	121,887	110,682	125,868	451,669	487,065	145,740	160,281	242,846	38,848	67,393	166,646
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	28,130	12,452	31,847	5,780	32,154	41,250	48,524	112,551	85,086	541,336	789,275	814,116	952,790	255,430	74,524
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	41,450	44,192	49,127	71,063	154,041	151,932	174,392	564,220	572,151	687,076	949,556	1,056,962	991,638	322,823	241,170
total assets	43,848	48,880	56,105	80,331	165,599	165,780	230,530	622,648	886,232	924,029	1,129,172	1,186,964	1,121,640	383,951	243,310
Bank overdraft	0	291	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	4,272	2,435	5,728	4,680	26,812	73,878	60,824	343,593	401,734	327,886	267,927	482,060	592,298	376,678	241,857
Group/Directors Accounts	25,888	26,078	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	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	8,504	7,478	35,750	31,528	53,072	0	0	0	0	0	0	0	0	0	0
total current liabilities	38,664	36,282	41,478	36,208	79,884	73,878	60,824	343,593	401,734	327,886	267,927	482,060	592,298	376,678	241,857
loans	0	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	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	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	1,900	1,900	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	1,900	1,900	0	0	0	0	0	0	0
total liabilities	38,664	36,282	41,478	36,208	79,884	73,878	62,724	345,493	401,734	327,886	267,927	482,060	592,298	376,678	241,857
net assets	5,184	12,598	14,627	44,123	85,715	91,902	167,806	277,155	484,498	596,143	861,245	704,904	529,342	7,273	1,453
total shareholders funds	5,184	12,598	14,627	44,123	85,715	91,902	167,806	277,155	484,498	596,143	861,245	704,904	529,342	7,273	1,453

	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	-8,463	-2,405	-29,515	-41,611	-6,462	-68,141	-109,550	-215,690	-113,211	-268,429	199,032	226,585	702,478	7,258	1,693
Depreciation	2,290	2,290	2,290	2,290	2,290	2,290	2,290	2,290	3,472	565	513	0	1	12,512	2,327
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	0	0	0	0	0	0	-46,699	-55,441	-183,430	-2,263	-526
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-18,420	14,460	-48,003	-56,604	11,205	-15,186	-325,801	-35,396	341,325	-14,541	-82,565	203,998	-28,545	-99,253	166,646
Creditors	1,837	-3,293	1,048	-22,132	-47,066	13,054	-282,769	-58,141	73,848	59,959	-214,133	-110,238	215,620	134,821	241,857
Accruals and Deferred Income	1,026	-28,272	4,222	-21,544	53,072	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	-1,900	0	1,900	0	0	0	0	0	0	0
Cash flow from operations	15,110	-46,140	26,048	-26,393	-9,371	-39,511	-64,228	-234,245	-377,216	-193,364	21,278	-143,092	763,214	251,581	78,705
Investing Activities
capital expenditure	0	0	0	0	0	0	0	0	-22,907	-210	-2,050	0	31,125	-41,500	-4,465
Change in Investments	0	0	0	0	0	-40,000	0	-253,363	57,693	57,692	48,077	0	100,000	30,000	2
cash flow from investments	0	0	0	0	0	40,000	0	253,363	-80,600	-57,902	-50,127	0	-68,875	-71,500	-4,467
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-190	26,078	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	0
Long term loans	0	0	0	0	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	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	-8,100	0	8,100	0	0	0	0	0	0	100
interest	1,049	377	19	19	275	337	201	247	1,566	3,327	4,008	4,417	3,021	825	186
cash flow from financing	859	26,455	19	19	275	-7,763	201	8,347	1,566	3,327	4,008	4,417	3,021	825	286
cash and cash equivalents
cash	15,678	-19,395	26,067	-26,374	-9,096	-7,274	-64,027	27,465	-456,250	-247,939	-24,841	-138,674	697,360	180,906	74,524
overdraft	-291	291	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	15,969	-19,686	26,067	-26,374	-9,096	-7,274	-64,027	27,465	-456,250	-247,939	-24,841	-138,674	697,360	180,906	74,524

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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WAP NETWORK GROUP LIMITED group structure

Wap Network Group Limited has 2 subsidiary companies.

Ultimate parent company

WAP NETWORK GROUP LIMITED

05524883

2 subsidiaries

WAPBILL.NET LIMITED

05761305

WAP BILL LIMITED

05761315

WAP NETWORK GROUP LIMITED Shareholders

amanda simunic	25%
ivan simunic	25%
niloufar hempstock	25%
christopher hempstock	25%

Wap Network Group Limited currently has 3 directors. The longest serving directors include Mr Ivan Simunic (Apr 2007) and Mr Ivan Simunic (Apr 2007).

officer	country	age	start	end	role
Mr Ivan Simunic	United Kingdom	43 years	Apr 2007	-	Director
Mr Ivan Simunic	England	43 years	Apr 2007	-	Director
Mr Christopher Hempstock	England	50 years	Apr 2007	-	Director

P&L

August 2023

turnover

134.3k

-34%

operating profit

-8.5k

gross margin

41.1%

+2.53%

turnover

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

Balance Sheet

August 2023

net assets

5.2k

-0.59%

total assets

43.8k

-0.1%

cash

28.1k

+1.26%

net assets

Total assets minus all liabilities

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company number

05524883

Type

Private limited with Share Capital

industry

96090 - Other personal service activities n.e.c.

incorporation date

August 2005

ultimate parent company

None

previous names

wap network limited (December 2006)

address

277-279 chiswick high road, london, W4 4PU

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wap network group limited Company Information

wap network group limited Estimated Valuation

wap network group limited Estimated Valuation

wap network group limited Estimated Valuation

Wap Network Group Limited Overview

Wap Network Group Limited Health Check

WAP NETWORK GROUP LIMITED financials

wap network group limited Credit Report and Business Information

Wap Network Group Limited Competitor Analysis

wap network group limited Ownership

wap network group limited directors

wap network group limited company details

wap network group limited Charges & Mortgages

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wap network group limited Companies House Filings - See Documents