wase limited

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wase limited Company Information

Share WASE LIMITED

Company Number

10616124

Shareholders

thomas fudge

extantia climate flagship ii gmbh & co. kg

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Group Structure

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Industry

Water collection, treatment and supply

 +3

Registered Address

bay lodge 36 harefield road, uxbridge, UB8 1PH

wase limited Estimated Valuation

£5m

Pomanda estimates the enterprise value of WASE LIMITED at £5m based on a Turnover of £3.3m and 1.53x industry multiple (adjusted for size and gross margin).

wase limited Estimated Valuation

£0

Pomanda estimates the enterprise value of WASE LIMITED at £0 based on an EBITDA of £-1.2m and a 5.68x industry multiple (adjusted for size and gross margin).

wase limited Estimated Valuation

£13.2m

Pomanda estimates the enterprise value of WASE LIMITED at £13.2m based on Net Assets of £5.3m and 2.49x industry multiple (adjusted for liquidity).

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Wase Limited Overview

Wase Limited is a live company located in uxbridge, UB8 1PH with a Companies House number of 10616124. It operates in the water collection, treatment and supply sector, SIC Code 36000. Founded in February 2017, it's largest shareholder is thomas fudge with a 30.6% stake. Wase Limited is a young, small sized company, Pomanda has estimated its turnover at £3.3m with high growth in recent years.

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Wase Limited Health Check

Pomanda's financial health check has awarded Wase Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

3 Strong

positive_score

2 Regular

positive_score

5 Weak

size

Size

annual sales of £3.3m, make it smaller than the average company (£8.5m)

£3.3m - Wase Limited

£8.5m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 21%, show it is growing at a faster rate (11.9%)

21% - Wase Limited

11.9% - Industry AVG

production

Production

with a gross margin of 48.1%, this company has a comparable cost of product (48.1%)

48.1% - Wase Limited

48.1% - Industry AVG

profitability

Profitability

an operating margin of -39.3% make it less profitable than the average company (18.1%)

-39.3% - Wase Limited

18.1% - Industry AVG

employees

Employees

with 13 employees, this is below the industry average (40)

13 - Wase Limited

40 - Industry AVG

paystructure

Pay Structure

on an average salary of £69.6k, the company has an equivalent pay structure (£69.6k)

£69.6k - Wase Limited

£69.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £254.6k, this is less efficient (£455.7k)

£254.6k - Wase Limited

£455.7k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Wase Limited

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 9 days, this is quicker than average (33 days)

9 days - Wase Limited

33 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Wase Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 1682 weeks, this is more cash available to meet short term requirements (18 weeks)

1682 weeks - Wase Limited

18 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 3.3%, this is a lower level of debt than the average (77.5%)

3.3% - Wase Limited

77.5% - Industry AVG

WASE LIMITED financials

EXPORTms excel logo

Wase Limited's latest turnover from March 2024 is estimated at £3.3 million and the company has net assets of £5.3 million. According to their latest financial statements, Wase Limited has 13 employees and maintains cash reserves of £5.1 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Feb 2019Feb 2018
Turnover3,309,8157,599,3554,170,4611,862,7921,567,881703,980110,406
Other Income Or Grants0000000
Cost Of Sales1,717,9854,059,6782,273,2201,071,798908,662410,72462,214
Gross Profit1,591,8303,539,6771,897,240790,994659,219293,25548,192
Admin Expenses2,892,3403,996,1672,268,361944,025771,935257,13054,745
Operating Profit-1,300,510-456,490-371,121-153,031-112,71636,125-6,553
Interest Payable2,5242,5251,696763000
Interest Receivable137,8987,8931,2241055200
Pre-Tax Profit-1,165,136-451,122-371,594-153,689-112,66436,125-6,553
Tax00000-6,8640
Profit After Tax-1,165,136-451,122-371,594-153,689-112,66429,261-6,553
Dividends Paid0000000
Retained Profit-1,165,136-451,122-371,594-153,689-112,66429,261-6,553
Employee Costs904,463805,283766,355634,338312,860328,98152,012
Number Of Employees13141412661
EBITDA*-1,244,461-443,756-365,204-145,210-112,71636,125-6,553

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Feb 2019Feb 2018
Tangible Assets161,692101,59817,75423,46221,00116,9897,623
Intangible Assets23,29821,30700000
Investments & Other0000000
Debtors (Due After 1 year)0000000
Total Fixed Assets184,990122,90517,75423,46221,00116,9897,623
Stock & work in progress0028,6287,6004,30000
Trade Debtors0000034,669441
Group Debtors0000000
Misc Debtors207,75091,77426,22633,44410,76200
Cash5,101,979151,272220,172106,172103,13600
misc current assets000001,6440
total current assets5,309,729243,046275,026147,216118,19836,313441
total assets5,494,719365,951292,780170,678139,19953,3028,064
Bank overdraft0000000
Bank loan3,6953,1902,2622,500000
Trade Creditors 43,972001,500030,59414,617
Group/Directors Accounts19,68319,68300000
other short term finances0000000
hp & lease commitments0000000
other current liabilities90,31427,96429,60033,31025,14400
total current liabilities157,66450,83731,86237,31025,14430,59414,617
loans17,17120,80923,00422,500000
hp & lease commitments0000000
Accruals and Deferred Income0000000
other liabilities0000000
provisions7,7767,7764,4394,4583,99000
total long term liabilities24,94728,58527,44326,9583,99000
total liabilities182,61179,42259,30564,26829,13430,59414,617
net assets5,312,108286,529233,475106,410110,06522,708-6,553
total shareholders funds5,312,108286,529233,475106,410110,06522,708-6,553
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Feb 2019Feb 2018
Operating Activities
Operating Profit-1,300,510-456,490-371,121-153,031-112,71636,125-6,553
Depreciation53,19710,3675,9177,821000
Amortisation2,8522,36700000
Tax00000-6,8640
Stock0-28,62821,0283,3004,30000
Debtors115,97665,548-7,21822,682-23,90734,228441
Creditors43,9720-1,5001,500-30,59415,97714,617
Accruals and Deferred Income62,350-1,636-3,7108,16625,14400
Deferred Taxes & Provisions03,337-194683,99000
Cash flow from operations-1,254,115-478,975-384,243-161,058-94,56911,0107,623
Investing Activities
capital expenditure-118,134-117,885-209-10,282-4,012-9,366-7,623
Change in Investments0000000
cash flow from investments-118,134-117,885-209-10,282-4,012-9,366-7,623
Financing Activities
Bank loans505928-2382,500000
Group/Directors Accounts019,68300000
Other Short Term Loans 0000000
Long term loans-3,638-2,19550422,500000
Hire Purchase and Lease Commitments0000000
other long term liabilities0000000
share issue6,190,715504,176498,659150,034200,02100
interest135,3745,368-472-6585200
cash flow from financing6,322,956527,960498,453174,376200,07300
cash and cash equivalents
cash4,950,707-68,900114,0003,036103,13600
overdraft0000000
change in cash4,950,707-68,900114,0003,036103,13600

wase limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Wase Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for wase limited by selecting its closest rivals, whether from the WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES sector, other small companies, companies in UB8 area or any other competitors across 12 key performance metrics.

wase limited Ownership

WASE LIMITED group structure

Wase Limited has no subsidiary companies.

Ultimate parent company

WASE LIMITED

10616124

WASE LIMITED Shareholders

thomas fudge 30.58%
extantia climate flagship ii gmbh & co. kg 15.11%
elbow beach capital 12.31%
engie new ventures sas 10.31%
inspire venture gp s.a.r.l. in its capacity as general partner of hv fund scs-raif sub fund hv fund venture direct ii 7.51%
llyr anwyl 5.3%
william sebastian gore gambier 5.3%
narushia nakagawa 3.29%
wepa ventures gmbh 2.23%
naruhisa nakagawa 2.19%

wase limited directors

Wase Limited currently has 4 directors. The longest serving directors include Mr Thomas Fudge (Feb 2017) and Mr Carlos Chalbaud Testamarck (Feb 2024).

officercountryagestartendrole
Mr Thomas FudgeEngland35 years Feb 2017- Director
Mr Carlos Chalbaud TestamarckFrance45 years Feb 2024- Director
Mr James AstorEngland59 years Feb 2024- Director
Mr Llr AnwylEngland37 years Feb 2024- Director

P&L

March 2024

turnover

3.3m

-56%

operating profit

-1.3m

0%

gross margin

48.1%

+3.25%

turnover

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

Balance Sheet

March 2024

net assets

5.3m

+17.54%

total assets

5.5m

+14.01%

cash

5.1m

+32.73%

net assets

Total assets minus all liabilities

wase limited company details

company number

10616124

Type

Private limited with Share Capital

industry

36000 - Water collection, treatment and supply

35210 - Manufacture of gas

72190 - Other research and experimental development on natural sciences and engineering

incorporation date

February 2017

age

8

incorporated

UK

ultimate parent company

None

accounts

Small Company

last accounts submitted

March 2024

previous names

N/A

accountant

CORRIGAN ACCOUNTANTS LIMITED

auditor

-

address

bay lodge 36 harefield road, uxbridge, UB8 1PH

Bank

-

Legal Advisor

-

wase 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 2 charges/mortgages relating to wase limited. Currently there are 1 open charges and 1 have been satisfied in the past.

wase 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.

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wase limited Companies House Filings - See Documents

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