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Mwaves Limited

05397719

active
Private Limited Company
Companies House
Health Score
74 / 100

Some Concerns

30/30
Filing
10/30
Financial
34/40
Risk
  • Current liabilities exceed current assets (-10)
  • 3 outstanding charges (-6)

Details

C/O AZETS BURNHAM YARD, BEACONSFIELD, HP9 2JH
Incorporated 18/03/2005

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

71122
Engineering related scientific and technical consulting activities

Officers

Mr Ian James Sherrington

director · Since 18/03/2005

DIRECTOR

BRITISH · UNITED KINGDOM · Age 68

Also on 4 other boards

Mr Dennis Kelly

director · Since 07/04/2005

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 60

Also on 2 other boards

Mr Jeremy Michael Panes

director · Since 01/12/2010

DIRECTOR

BRITISH · ENGLAND · Age 50

Also on 1 other board

Mr Simon Lee Burnay

director · Since 09/07/2013

DIRECTOR

BRITISH · UNITED KINGDOM · Age 50

Also on 2 other boards

Mr Philip John Donoghue

director · Since 08/02/2016

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 63

Also on 2 other boards

Mr Philip Donoghue

secretary · Since 09/02/2016

Mr Nigel James

director · Since 25/05/2016

MASTER MARINER

BRITISH · UNITED KINGDOM · Age 67

Also on 1 other board

Persons with Significant Control

Waves Group Limited

75–100% shares
75–100% votes

33, Creechurch Lane, London, EC3A 5EB

Reg: 10394590 · England · Limited Company

Notified 31/03/2020

Former PSCs

Mr Ian James Sherrington

Ceased 31/03/2020

Mr Jeremy Panes

Ceased 31/03/2020

Mr Dennis Kelly

Ceased 31/03/2020

Charges3 outstanding

Charge
outstanding

LLOYDS BANK PLC

Created 18/03/2021Registered 22/03/2021
Charge
satisfied

GROWTH STREET PROVISION LIMITED

Created 15/02/2019Registered 15/02/2019Satisfied 26/02/2021
Charge
outstanding

LLOYDS BANK PLC

Created 04/05/2017Registered 19/05/2017
Charge
outstanding

LLOYDS BANK PLC

Created 31/03/2017Registered 31/03/2017
Charge
satisfied

SECURITY TRUSTEE SERVICES LIMITED

Created 29/09/2015Registered 30/09/2015Satisfied 20/03/2019

CompanyRankvs 3931+ SIC 71122 peers
62

Financial strength97th percentile among SIC peers · 24/25
Employees13th percentile among SIC peers · 2/15
LiquidityCurrent ratio 1.83× · 16/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength24/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees2/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity16/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/03/2025

Net Worth

£574k

Balance sheet strength

Cash

£62k

Cash in the bank

Net Current Assets

£622k

Working capital

Current Assets

£1.4M

Current Liabilities

£747k

Fixed Assets

£1k

Debtors

£1.3M

0avg. employees

Tax at Year End(2019)

Corp tax£76k

Balance Sheet

Assets less current liabilities£624k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20251.83+£0
20251.83-£87k
20242.34-£20k
20233.19-£151k
20224.93-£128k
20218.00+£958k
20202.86+£0
20193.31

Derived from filed accounts. Not audited figures.