freshwave services limited
freshwave services limited Company Information
Company Number
05940742
Next Accounts
Sep 2025
Shareholders
freshwave group limited
Group Structure
View All
Industry
Other telecommunications activities
Registered Address
level 1, 50 cowcross street, london, EC1M 6AL
Website
www.iwireless-solutions.comfreshwave services limited Estimated Valuation
Pomanda estimates the enterprise value of FRESHWAVE SERVICES LIMITED at £16.9m based on a Turnover of £13.3m and 1.28x industry multiple (adjusted for size and gross margin).
freshwave services limited Estimated Valuation
Pomanda estimates the enterprise value of FRESHWAVE SERVICES LIMITED at £0 based on an EBITDA of £-6.7m and a 5.31x industry multiple (adjusted for size and gross margin).
freshwave services limited Estimated Valuation
Pomanda estimates the enterprise value of FRESHWAVE SERVICES LIMITED at £72m based on Net Assets of £27.7m and 2.6x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Freshwave Services Limited Overview
Freshwave Services Limited is a live company located in london, EC1M 6AL with a Companies House number of 05940742. It operates in the other telecommunications activities sector, SIC Code 61900. Founded in September 2006, it's largest shareholder is freshwave group limited with a 100% stake. Freshwave Services Limited is a established, mid sized company, Pomanda has estimated its turnover at £13.3m with rapid growth in recent years.
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Freshwave Services Limited Health Check
Pomanda's financial health check has awarded Freshwave Services Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
5 Weak
Size
annual sales of £13.3m, make it in line with the average company (£14.2m)
£13.3m - Freshwave Services Limited
£14.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 59%, show it is growing at a faster rate (4.6%)
59% - Freshwave Services Limited
4.6% - Industry AVG
Production
with a gross margin of 53.5%, this company has a lower cost of product (39.2%)
53.5% - Freshwave Services Limited
39.2% - Industry AVG
Profitability
an operating margin of -97.5% make it less profitable than the average company (4.3%)
-97.5% - Freshwave Services Limited
4.3% - Industry AVG
Employees
with 115 employees, this is above the industry average (54)
115 - Freshwave Services Limited
54 - Industry AVG
Pay Structure
on an average salary of £68.9k, the company has an equivalent pay structure (£66.3k)
£68.9k - Freshwave Services Limited
£66.3k - Industry AVG
Efficiency
resulting in sales per employee of £115.2k, this is less efficient (£238.3k)
£115.2k - Freshwave Services Limited
£238.3k - Industry AVG
Debtor Days
it gets paid by customers after 155 days, this is later than average (40 days)
155 days - Freshwave Services Limited
40 days - Industry AVG
Creditor Days
its suppliers are paid after 106 days, this is slower than average (43 days)
106 days - Freshwave Services Limited
43 days - Industry AVG
Stock Days
it holds stock equivalent to 81 days, this is more than average (14 days)
81 days - Freshwave Services Limited
14 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (8 weeks)
1 weeks - Freshwave Services Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 26.4%, this is a lower level of debt than the average (65.7%)
26.4% - Freshwave Services Limited
65.7% - Industry AVG
FRESHWAVE SERVICES LIMITED financials
Freshwave Services Limited's latest turnover from December 2023 is £13.3 million and the company has net assets of £27.7 million. According to their latest financial statements, Freshwave Services Limited has 115 employees and maintains cash reserves of £164 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Mar 2019 | Feb 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 13,250,767 | 9,607,105 | 3,081,837 | 3,323,600 | 4,615,859 | ||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 6,167,018 | 3,732,128 | 1,810,493 | 2,342,458 | 2,703,126 | ||||||||||
| Gross Profit | 7,083,749 | 5,874,977 | 1,271,344 | 981,142 | 1,912,733 | ||||||||||
| Admin Expenses | 20,003,570 | 16,022,840 | 7,451,821 | 1,825,428 | 2,483,570 | ||||||||||
| Operating Profit | -12,919,821 | -10,147,863 | -6,180,477 | -844,286 | -570,837 | ||||||||||
| Interest Payable | 16 | 378 | |||||||||||||
| Interest Receivable | 18,430 | 452 | |||||||||||||
| Pre-Tax Profit | -12,901,391 | -10,147,411 | -6,180,493 | -844,286 | -571,215 | ||||||||||
| Tax | 63,515 | ||||||||||||||
| Profit After Tax | -12,901,391 | -10,147,411 | -6,180,493 | -844,286 | -507,700 | ||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | -12,901,391 | -10,147,411 | -6,180,493 | -844,286 | -507,700 | ||||||||||
| Employee Costs | 7,918,479 | 7,024,072 | |||||||||||||
| Number Of Employees | 115 | 105 | 90 | 38 | 39 | 40 | 43 | 54 | |||||||
| EBITDA* | -6,724,911 | -5,871,123 | -5,506,922 | -751,551 | -514,220 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Mar 2019 | Feb 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 19,182,865 | 9,012,557 | 3,756,453 | 840,444 | 302,531 | 329,269 | 354,340 | 381,991 | 248,855 | 281,359 | 219,561 | 110,884 | 98,660 | 3,631 | 3,479 |
| Intangible Assets | 6,633,026 | 6,888,434 | |||||||||||||
| Investments & Other | 1 | 7,964,419 | 7,964,419 | 1 | 1 | ||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 25,815,892 | 23,865,410 | 11,720,872 | 840,445 | 302,532 | 329,269 | 354,340 | 381,991 | 248,855 | 281,359 | 219,561 | 110,884 | 98,660 | 3,631 | 3,479 |
| Stock & work in progress | 1,373,121 | 1,045,552 | 28,225 | 156,446 | 379,391 | 364,419 | 203,238 | 123,016 | 101,164 | 114,473 | 15,000 | ||||
| Trade Debtors | 5,638,569 | 4,032,908 | 1,997,679 | 400,582 | 841,994 | 751,089 | 307,744 | 671,014 | 415,458 | 1,233,893 | 1,167,278 | 819,583 | 799,383 | 99,737 | 121,449 |
| Group Debtors | 675,026 | 142,751 | 118,835 | 118,835 | |||||||||||
| Misc Debtors | 3,934,743 | 2,546,759 | 1,134,726 | 50,818 | 34,506 | 316,569 | 354,692 | 264,478 | 979,228 | ||||||
| Cash | 164,041 | 433,332 | 345,503 | 128,357 | 859,283 | 706,296 | 83,892 | 894 | 204,747 | 613,933 | 255,460 | 134,212 | 97,588 | ||
| misc current assets | |||||||||||||||
| total current assets | 11,785,500 | 8,058,551 | 3,506,133 | 736,203 | 2,257,925 | 1,432,077 | 1,690,805 | 1,261,235 | 1,496,744 | 1,553,113 | 1,796,211 | 1,075,043 | 933,595 | 197,325 | 121,449 |
| total assets | 37,601,392 | 31,923,961 | 15,227,005 | 1,576,648 | 2,560,457 | 1,761,346 | 2,045,145 | 1,643,226 | 1,745,599 | 1,834,472 | 2,015,772 | 1,185,927 | 1,032,255 | 200,956 | 124,928 |
| Bank overdraft | 6,782 | 38,925 | 36,918 | 142,830 | |||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 1,806,121 | 1,043,836 | 968,192 | 516,280 | 841,562 | 527,966 | 803,755 | 684,039 | 53,542 | 981,735 | 1,236,015 | 605,257 | 595,247 | 198,741 | 122,810 |
| Group/Directors Accounts | 2,591 | 9,384,532 | 6,054,565 | 1,144,429 | 10,500 | 965 | 127,001 | ||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 5,037,814 | 5,266,523 | 3,856,797 | 393,923 | 1,342,093 | 212,563 | 143,650 | 278,688 | 563,293 | ||||||
| total current liabilities | 6,846,526 | 15,694,891 | 10,879,554 | 2,054,632 | 2,194,155 | 747,311 | 986,330 | 999,645 | 759,665 | 981,735 | 1,236,015 | 606,222 | 722,248 | 198,741 | 122,810 |
| loans | 97,745 | 130,620 | |||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | 3,084,795 | 1,071,577 | |||||||||||||
| other liabilities | 1,005,928 | ||||||||||||||
| provisions | 63,515 | 66,462 | 71,648 | 48,149 | |||||||||||
| total long term liabilities | 3,084,795 | 1,071,577 | 1,005,928 | 63,515 | 164,207 | 202,268 | 48,149 | ||||||||
| total liabilities | 9,931,321 | 16,766,468 | 11,885,482 | 2,054,632 | 2,194,155 | 810,826 | 1,150,537 | 1,201,913 | 807,814 | 981,735 | 1,236,015 | 606,222 | 722,248 | 198,741 | 122,810 |
| net assets | 27,670,071 | 15,157,493 | 3,341,523 | -477,984 | 366,302 | 950,520 | 894,608 | 441,313 | 937,785 | 852,737 | 779,757 | 579,705 | 310,007 | 2,215 | 2,118 |
| total shareholders funds | 27,670,071 | 15,157,493 | 3,341,523 | -477,984 | 366,302 | 950,520 | 894,608 | 441,313 | 937,785 | 852,737 | 779,757 | 579,705 | 310,007 | 2,215 | 2,118 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Mar 2019 | Feb 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | -12,919,821 | -10,147,863 | -6,180,477 | -844,286 | -570,837 | ||||||||||
| Depreciation | 5,274,645 | 3,330,042 | 673,555 | 92,735 | 56,617 | 69,761 | 54,228 | 36,367 | 46,928 | 8,588 | 53,935 | 50,099 | 12,674 | 2,686 | 2,918 |
| Amortisation | 920,265 | 946,698 | |||||||||||||
| Tax | 63,515 | ||||||||||||||
| Stock | 327,569 | 1,017,327 | -128,221 | -222,945 | 176,153 | 161,181 | 80,222 | 21,852 | -13,309 | 99,473 | 15,000 | ||||
| Debtors | 3,668,671 | 3,447,262 | 2,681,005 | -567,851 | 237,980 | 286,387 | -273,056 | -340,359 | 160,793 | 66,615 | 347,695 | 819,583 | 699,646 | -21,712 | 121,449 |
| Creditors | 762,285 | 75,644 | 451,912 | -325,282 | 37,807 | -275,789 | 119,716 | 630,497 | -928,193 | -254,280 | 630,758 | 605,257 | 396,506 | 75,931 | 122,810 |
| Accruals and Deferred Income | 1,784,509 | 2,481,303 | 3,462,874 | -948,170 | 1,198,443 | 68,913 | -135,038 | -284,605 | 563,293 | ||||||
| Deferred Taxes & Provisions | -66,462 | -2,947 | -5,186 | 23,499 | 48,149 | ||||||||||
| Cash flow from operations | -8,174,357 | -7,778,765 | -4,144,920 | -1,234,207 | 304,950 | ||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -7,964,418 | 7,964,418 | 1 | ||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -9,381,941 | 3,329,967 | 4,910,136 | 1,133,929 | 10,500 | -965 | 965 | 127,001 | |||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | -97,745 | -97,745 | -32,875 | 130,620 | |||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | -1,005,928 | 1,005,928 | |||||||||||||
| share issue | |||||||||||||||
| interest | 18,430 | 452 | -16 | -378 | |||||||||||
| cash flow from financing | 16,050,458 | 24,287,872 | 15,916,048 | 1,133,929 | -108,229 | ||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -269,291 | 87,829 | 217,146 | -730,926 | 152,987 | -706,296 | 622,404 | 82,998 | -203,853 | -409,186 | 358,473 | 255,460 | 36,624 | 97,588 | |
| overdraft | -38,925 | -32,143 | 2,007 | -105,912 | 142,830 | ||||||||||
| change in cash | -269,291 | 87,829 | 217,146 | -730,926 | 191,912 | -674,153 | 620,397 | 188,910 | -346,683 | -409,186 | 358,473 | 255,460 | 36,624 | 97,588 |
freshwave services limited Credit Report and Business Information
Freshwave Services Limited Competitor Analysis
Perform a competitor analysis for freshwave services limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mid companies, companies in EC1M area or any other competitors across 12 key performance metrics.
freshwave services limited Ownership
FRESHWAVE SERVICES LIMITED group structure
Freshwave Services Limited has 2 subsidiary companies.
Ultimate parent company
FRESHWAVE GROUP LTD
#0128038
1 parent
FRESHWAVE SERVICES LIMITED
05940742
2 subsidiaries
freshwave services limited directors
Freshwave Services Limited currently has 5 directors. The longest serving directors include Mr Graham Payne (Apr 2019) and Mr Simon Frumkin (Nov 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Graham Payne | United Kingdom | 63 years | Apr 2019 | - | Director |
| Mr Simon Frumkin | United Kingdom | 54 years | Nov 2020 | - | Director |
| Mr Thomas Bennett | United Kingdom | 55 years | Nov 2023 | - | Director |
| Mr Peter Gilson | United Kingdom | 63 years | Nov 2023 | - | Director |
| Mr Peter Franklin | United Kingdom | 48 years | May 2024 | - | Director |
P&L
December 2023turnover
13.3m
+38%
operating profit
-12.9m
+27%
gross margin
53.5%
-12.58%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
27.7m
+0.83%
total assets
37.6m
+0.18%
cash
164k
-0.62%
net assets
Total assets minus all liabilities
Similar Companies
freshwave services limited company details
company number
05940742
Type
Private limited with Share Capital
industry
61900 - Other telecommunications activities
incorporation date
September 2006
age
19
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
iwireless solutions ltd (November 2020)
pm d&b limited (May 2007)
accountant
-
auditor
RSM UK AUDIT LLP
address
level 1, 50 cowcross street, london, EC1M 6AL
Bank
-
Legal Advisor
-
freshwave services 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 freshwave services limited. Currently there are 1 open charges and 4 have been satisfied in the past.
freshwave services 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 FRESHWAVE SERVICES LIMITED. This can take several minutes, an email will notify you when this has completed.
freshwave services limited Companies House Filings - See Documents
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