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Wave Venture Ltd.

09159056

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)

Details

UNIT 13, TRURO, TR4 8PN
Incorporated 04/08/2014

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62020
Information technology consultancy activities
72190
Other research and experimental development on natural sciences and engineering

Officers

Mr Ronan Patrick Costello

director · Since 11/08/2014

ENGINEERING

IRISH · ENGLAND · Age 50

Mr Ben Steven Kennedy

director · Since 27/06/2016

MECHANICAL ENGINEER

SCOTTISH · ENGLAND · Age 38

Persons with Significant Control

Dr Ronan Partick Costello

75–100% shares

Irish · England · Age 50

Unit 13, Penstraze Business Centre, Truro, TR4 8PN

Notified 06/04/2016

CompanyRankvs 3856+ SIC 62020 peers
83

Financial strength89th percentile among SIC peers · 22/25
Employees95th percentile among SIC peers · 14/15
LiquidityCurrent ratio 28.82× · 20/20
Longevity12 years trading (max 15) · 12/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength22/25 pts

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

Employees14/15 pts

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

Liquidity20/20 pts

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

Longevity12/15 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.

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

Key FinancialsYear ending 31/12/2024

Net Worth

£116k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

£120k

Working capital

Current Assets

£124k

Current Liabilities

£4k

Fixed Assets

£925

5avg. employees-1

Balance Sheet

Assets less current liabilities£121k
Prepared with Sage Accounts Production Advanced 2023 - FRS102_2023

EstimatesDerived

YearCurrent RatioImplied Profit
202428.82-£51k
20235.85

Derived from filed accounts. Not audited figures.