KITWAVE LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-10-31
Confirmation statement due
2026-10-16 (in 5mo)
Last made up 2025-10-02
Watchouts
Cash
—
Latest balance sheet
Net assets
£9M
-18.4% vs 2023
Employees
15
+36.4% vs 2023
Profit before tax
£9M
-15.2% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
5 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2024-10-31
| Metric | Trend | 2023-10-31 | 2024-10-31 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | £11,732,000 | £10,654,000 | |
| Profit before tax | £10,179,000 | £8,629,000 | |
| Net profit | £10,896,000 | £9,086,000 | |
| Cash | — | — | |
| Total assets less current liabilities | £30,952,000 | £49,023,000 | |
| Net assets | £10,930,000 | £8,916,000 | |
| Equity | £10,930,000 | £8,916,000 | |
| Average employees | 11 | 15 | |
| Wages | £1,564,000 | £2,075,000 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-10-31 | 2024-10-31 |
|---|---|---|---|
| Return on capital employed | 37.9% | 21.7% | |
| Current ratio | 0.17x | 0.22x | |
| Interest cover | 7.55x | 5.26x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Grant Thornton UK LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company's Directors have a reasonable expectation that the Company will be able to continue in operational existence for the foreseeable future and meet its liabilities as they fall due. Thus, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”
Group structure
- KITWAVE LIMITED · parent
- M&M Value Limited 100%
- Turner & Wrights Limited 100%
- FW Bishop & Son Limited 100%
- Westone Wholesale Limited 100%
- Automatic Retailing (Northern) Limited 100%
- Teatime Tasties Limited[1] 100%
- TG Foods Limited [1] 100%
- Eden Farm Limited 100%
- Squirrels UK Limited 100%
- Thurston's Food's Limited [2] 100%
- David Miller Frozen Foods Limited 100%
- HB Clark Holdings Limited 100%
- HB Clark & Co (Successors) Limited [4] 100%
- Clarks Fine Wines Limited [4] 100%
- F.A.M Soft Drinks Limited [4] 100%
- Central Supplies (Brierley Hill) Ltd [3] 97%
- M.J. Baker Foodservice Limited 100%
- Westcountry Food Holdings Limited 100%
- Westcountry Fruit Sales Limited [5] 100%
- Total Foodservice Solutions Limited [6] 100%
- Creed Foodservice Limited 100%
- Creed Catering Supplies Limited 100%
Significant events
- “During the year the Company completed the acquisition of Creed Catering Supplies Limited. The business, and its trading subsidiary Creed Foodservice Limited, were acquired as part of the Group's growth strategy.”
- “Post year end a £5,000,000 contingent consideration payment has been made to the former shareholders of Creed Catering Supplies Limited following achievement of pre-determined criteria under the terms of the acquisition.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 13 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| EARL, Mark | Secretary | 2026-03-12 | — | — |
| EARL, Mark | Director | 2026-03-12 | Nov 1985 | British |
| HOPE, John Frederick | Director | 2016-04-25 | Dec 1969 | British |
| MACKAY, Jay | Director | 2016-04-25 | Nov 1966 | British |
| MAXTED, Ben | Director | 2016-04-25 | Dec 1983 | British |
| MCCARTNEY, Alan | Director | 2017-12-06 | Jan 1980 | English |
| MILBURN, Lucie Charlotte | Director | 2023-06-20 | Aug 1984 | British |
| YOUNG, Michael | Director | 2016-04-25 | Mar 1988 | British |
Show 13 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BRIND, David | Secretary | 2022-08-22 | 2026-03-12 |
| RICE, Patrica Ada | Secretary | 2015-02-03 | 2022-08-22 |
| RICE, Patricia Ada | Secretary | 2006-08-18 | 2009-08-21 |
| YOUNG, Paul Victor | Secretary | — | 2015-02-03 |
| BRIND, David Leonard | Director | 2011-08-10 | 2026-03-12 |
| LOWTHIAN, David Graham | Director | 2000-12-01 | 2001-11-30 |
| MURRAY, Gerard Thomas | Director | 2021-07-27 | 2026-01-13 |
| SMITH, Stephen John | Director | 2021-07-27 | 2025-05-30 |
| YOLLAND, David Terrence | Director | 2016-11-17 | 2021-01-31 |
| YOLLAND, David | Director | 2016-04-25 | 2016-11-14 |
| YOUNG, Chris | Director | 2023-06-11 | 2025-07-01 |
| YOUNG, Paul Victor | Director | — | 2024-03-22 |
| YOUNG, Teresa | Director | — | 2011-06-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Paul Victor Young | Individual | Significant influence, significant-influence-or-control-as-firm | 2016-04-06 | Ceased 2016-04-06 |
| Kitwave One Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 182 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-10-05 RESOLUTIONS Resolution
- 2024-10-05 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-01 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-04-01 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-03-12 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-12 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-03-12 | AP03 | officers | Appoint person secretary company with name date | |
| 2026-03-12 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-14 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-14 | AA01 | accounts | Change account reference date company current extended | |
| 2025-11-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-07-04 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-05 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-19 | AA | accounts | Accounts with accounts type full | |
| 2024-10-05 | RESOLUTIONS | resolution | Resolution | |
| 2024-10-05 | MA | incorporation | Memorandum articles | |
| 2024-10-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-10-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-05 | AA | accounts | Accounts with accounts type full | |
| 2024-03-28 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-21 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 11
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 5
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-10-31 vs 2023-10-31
-
Turnover
—
Not reported
-
Cash
—
Not reported
-
Net assets
-18.4%
£10,930,000 £8,916,000
-
Employees
+36.4%
11 15
-
Operating profit
-9.2%
£11,732,000 £10,654,000
-
Profit before tax
-15.2%
£10,179,000 £8,629,000
-
Wages
+32.7%
£1,564,000 £2,075,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers