wave ltd
wave ltd Company Information
Company Number
06492265
Website
vwavemedical.comRegistered Address
northumbria house abbey road, pity me, durham, DH1 5FJ
Industry
Activities of head offices
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
anglian venture holdings limited 50%
northumbrian water group limited 50%
wave ltd Estimated Valuation
Pomanda estimates the enterprise value of WAVE LTD at £396.6m based on a Turnover of £435m and 0.91x industry multiple (adjusted for size and gross margin).
wave ltd Estimated Valuation
Pomanda estimates the enterprise value of WAVE LTD at £50.1m based on an EBITDA of £8.2m and a 6.12x industry multiple (adjusted for size and gross margin).
wave ltd Estimated Valuation
Pomanda estimates the enterprise value of WAVE LTD at £10.5m based on Net Assets of £4.1m and 2.58x industry multiple (adjusted for liquidity).
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Wave Ltd Overview
Wave Ltd is a live company located in durham, DH1 5FJ with a Companies House number of 06492265. It operates in the activities of head offices sector, SIC Code 70100. Founded in February 2008, it's largest shareholder is anglian venture holdings limited with a 50% stake. Wave Ltd is a established, mega sized company, Pomanda has estimated its turnover at £435m with declining growth in recent years.
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Wave Ltd Health Check
Pomanda's financial health check has awarded Wave Ltd 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
3 Strong
2 Regular
6 Weak
Size
annual sales of £435m, make it larger than the average company (£19.9m)
£435m - Wave Ltd
£19.9m - Industry AVG
Growth
3 year (CAGR) sales growth of -8%, show it is growing at a slower rate (4.4%)
-8% - Wave Ltd
4.4% - Industry AVG
Production
with a gross margin of 7.2%, this company has a higher cost of product (32.8%)
7.2% - Wave Ltd
32.8% - Industry AVG
Profitability
an operating margin of 1.1% make it less profitable than the average company (5.9%)
1.1% - Wave Ltd
5.9% - Industry AVG
Employees
with 317 employees, this is above the industry average (117)
317 - Wave Ltd
117 - Industry AVG
Pay Structure
on an average salary of £42k, the company has an equivalent pay structure (£45.4k)
£42k - Wave Ltd
£45.4k - Industry AVG
Efficiency
resulting in sales per employee of £1.4m, this is more efficient (£187.7k)
£1.4m - Wave Ltd
£187.7k - Industry AVG
Debtor Days
it gets paid by customers after 37 days, this is near the average (46 days)
37 days - Wave Ltd
46 days - Industry AVG
Creditor Days
its suppliers are paid after 3 days, this is quicker than average (45 days)
3 days - Wave Ltd
45 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Wave Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (16 weeks)
0 weeks - Wave Ltd
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 97.2%, this is a higher level of debt than the average (57%)
97.2% - Wave Ltd
57% - Industry AVG
WAVE LTD financials
Wave Ltd's latest turnover from March 2023 is £435 million and the company has net assets of £4.1 million. According to their latest financial statements, Wave Ltd has 317 employees and maintains cash reserves of £392 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 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Feb 2012 | Feb 2011 | Feb 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 434,970,000 | 370,559,000 | 391,035,000 | 556,677,000 | 547,010,000 | 306,483,000 | 0 | 0 | ||||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Cost Of Sales | 403,486,000 | 352,911,000 | 366,193,000 | 523,950,000 | 513,578,000 | 288,014,000 | 0 | 0 | ||||||
| Gross Profit | 31,484,000 | 17,648,000 | 24,842,000 | 32,727,000 | 33,432,000 | 18,469,000 | 0 | 0 | ||||||
| Admin Expenses | 26,688,000 | 18,408,000 | 32,823,000 | 47,755,000 | 33,277,000 | 18,686,000 | 0 | 0 | ||||||
| Operating Profit | 4,796,000 | -760,000 | -7,981,000 | -15,028,000 | 155,000 | -217,000 | 0 | 0 | ||||||
| Interest Payable | 4,933,000 | 3,847,000 | 4,394,000 | 4,580,000 | 4,342,000 | 2,867,000 | 0 | 0 | ||||||
| Interest Receivable | 366,000 | 194,000 | 122,000 | 622,000 | 647,000 | 308,000 | 0 | 0 | ||||||
| Pre-Tax Profit | 229,000 | -4,413,000 | -12,253,000 | -18,986,000 | -3,540,000 | -2,776,000 | 0 | 0 | ||||||
| Tax | -750,000 | 847,000 | 1,526,000 | 2,361,000 | 266,000 | 288,000 | 0 | 0 | ||||||
| Profit After Tax | -521,000 | -3,566,000 | -10,727,000 | -16,625,000 | -3,274,000 | -2,488,000 | 0 | 0 | ||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Retained Profit | -521,000 | -3,566,000 | -10,727,000 | -16,625,000 | -3,274,000 | -2,488,000 | 0 | 0 | ||||||
| Employee Costs | 13,312,000 | 11,721,000 | 11,613,000 | 12,726,000 | 13,797,000 | 6,922,000 | 0 | 0 | ||||||
| Number Of Employees | 317 | 286 | 275 | 344 | 357 | 289 | ||||||||
| EBITDA* | 8,193,000 | 2,647,000 | -4,523,000 | -10,808,000 | 3,992,000 | 2,073,000 | 0 | 0 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Feb 2012 | Feb 2011 | Feb 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 7,105,000 | 8,729,000 | 8,693,000 | 7,034,000 | 1,386,000 | 980,000 | 2 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 11,834,000 | 14,802,000 | 17,788,000 | 20,858,000 | 23,520,000 | 25,025,000 | 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) | 3,323,000 | 4,075,000 | 3,958,000 | 3,028,000 | 659,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 15,616,000 | 19,456,000 | 22,523,000 | 24,864,000 | 24,906,000 | 26,005,000 | 2 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 45,222,000 | 37,354,000 | 48,602,000 | 85,268,000 | 87,883,000 | 108,734,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 676,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 84,694,000 | 110,809,000 | 101,367,000 | 90,269,000 | 98,935,000 | 87,262,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 392,000 | 324,000 | 5,687,000 | 243,000 | 1,677,000 | 2,225,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 130,308,000 | 149,163,000 | 155,656,000 | 175,780,000 | 188,574,000 | 198,221,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total assets | 145,924,000 | 168,619,000 | 178,179,000 | 200,644,000 | 213,480,000 | 224,226,000 | 2 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 41,629,000 | 30,359,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 3,893,000 | 4,412,000 | 15,716,000 | 21,409,000 | 1,524,000 | 182,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 22,500,000 | 10,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 54,003,000 | 35,274,000 | 34,088,000 | 0 | 0 | 33,356,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 102,000 | 100,000 | 113,000 | 375,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 43,087,000 | 43,372,000 | 35,145,000 | 42,930,000 | 79,357,000 | 81,174,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 101,085,000 | 83,158,000 | 85,062,000 | 128,843,000 | 121,240,000 | 114,712,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| loans | 81,530,000 | 161,732,000 | 169,912,000 | 63,140,000 | 66,682,000 | 161,364,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 83,000 | 184,000 | 274,000 | 229,000 | 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 | 40,765,000 | 80,866,000 | 84,956,000 | 62,911,000 | 66,682,000 | 80,682,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 141,850,000 | 164,024,000 | 170,018,000 | 191,754,000 | 187,922,000 | 195,394,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| net assets | 4,074,000 | 4,595,000 | 8,161,000 | 8,890,000 | 25,558,000 | 28,832,000 | 2 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| total shareholders funds | 4,074,000 | 4,595,000 | 8,161,000 | 8,890,000 | 25,558,000 | 28,832,000 | 2 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Feb 2012 | Feb 2011 | Feb 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 4,796,000 | -760,000 | -7,981,000 | -15,028,000 | 155,000 | -217,000 | 0 | 0 | ||||||
| Depreciation | 221,000 | 245,000 | 310,000 | 508,000 | 359,000 | 213,000 | 0 | 0 | ||||||
| Amortisation | 3,176,000 | 3,162,000 | 3,148,000 | 3,712,000 | 3,478,000 | 2,077,000 | 0 | 0 | ||||||
| Tax | -750,000 | 847,000 | 1,526,000 | 2,361,000 | 266,000 | 288,000 | 0 | 0 | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -19,675,000 | -1,013,000 | -24,638,000 | -8,912,000 | -8,519,000 | 195,996,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Creditors | -519,000 | -11,304,000 | -5,693,000 | 19,885,000 | 1,342,000 | 182,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | -285,000 | 8,227,000 | -7,785,000 | -36,427,000 | -1,817,000 | 81,174,000 | 0 | 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 | 26,314,000 | 1,430,000 | 8,163,000 | -16,077,000 | 12,302,000 | -112,279,000 | 0 | 0 | ||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | -41,629,000 | 11,270,000 | 30,359,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | -22,500,000 | 12,500,000 | 10,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 18,729,000 | 1,186,000 | 34,088,000 | 0 | -33,356,000 | 33,356,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -80,202,000 | -8,180,000 | 106,772,000 | -3,542,000 | -94,682,000 | 161,364,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -99,000 | -103,000 | -217,000 | 604,000 | 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 | ||||||||||||||
| interest | -4,567,000 | -3,653,000 | -4,272,000 | -3,958,000 | -3,695,000 | -2,559,000 | 0 | 0 | ||||||
| cash flow from financing | -66,139,000 | -10,750,000 | 82,240,000 | 16,831,000 | -91,374,000 | 223,480,998 | 1 | 1 | ||||||
| cash and cash equivalents | ||||||||||||||
| cash | 68,000 | -5,363,000 | 5,444,000 | -1,434,000 | -548,000 | 2,225,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 68,000 | -5,363,000 | 5,444,000 | -1,434,000 | -548,000 | 2,225,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
wave ltd Credit Report and Business Information
Wave Ltd Competitor Analysis
Perform a competitor analysis for wave ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mega companies, companies in DH1 area or any other competitors across 12 key performance metrics.
wave ltd Ownership
WAVE LTD group structure
Wave Ltd has 2 subsidiary companies.
Ultimate parent company
WAVE LTD
06492265
2 subsidiaries
wave ltd directors
Wave Ltd currently has 7 directors. The longest serving directors include Mr Stewart Hazon (Aug 2017) and Mr Anthony Donnelly (Aug 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stewart Hazon | England | 52 years | Aug 2017 | - | Director |
| Mr Anthony Donnelly | 60 years | Aug 2017 | - | Director | |
| Mr Nigel Watson | 60 years | Aug 2017 | - | Director | |
| Mr Wayne Young | 48 years | Aug 2017 | - | Director | |
| Mr Richard Somerville | 44 years | Oct 2021 | - | Director | |
| Mr David Artis | United Kingdom | 50 years | Jul 2023 | - | Director |
| Mr Declan Maguire | United Kingdom | 47 years | Mar 2024 | - | Director |
P&L
March 2023turnover
435m
+17%
operating profit
4.8m
-731%
gross margin
7.3%
+51.98%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
4.1m
-0.11%
total assets
145.9m
-0.13%
cash
392k
+0.21%
net assets
Total assets minus all liabilities
wave ltd company details
company number
06492265
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
February 2008
age
16
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
DELOITTE LLP
address
northumbria house abbey road, pity me, durham, DH1 5FJ
Bank
-
Legal Advisor
-
wave ltd 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 3 charges/mortgages relating to wave ltd. Currently there are 1 open charges and 2 have been satisfied in the past.
wave ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
