VAVE DIGITAL SERVICES LIMITED

1. VAVE DIGITAL SERVICES LIMITED 2021-05-13 → present
2. CANOPIUS UNDERWRITING LIMITED 2008-12-02 → 2021-05-13
3. CHARRINGTON (962) LIMITED 1991-09-25 → 2008-12-02
4. G.A. CHARRINGTON & OTHERS SERVICES LIMITED 1991-03-05 → 1991-09-25
5. FACTORSLOT LIMITED 1990-02-23 → 1991-03-05

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

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.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Having assessed the principal risks to liquidity and solvency for the Company, the directors have concluded that there are no material uncertainties that may cast significant doubt on the Company's financial ability to continue as a going concern and they have a reasonable expectation that the Company has adequate resources to continue in operational existence until at least 31 March 2026 and therefore it is appropriate to adopt a going concern basis for the preparation of the financial statements, and accordingly these financial statements have been prepared on a going concern basis.”

Significant events

• “A restructuring programme within the Vave Group was undertaken during 2023 and completed in 2024 to facilitate the attraction of third-party capital and support growth ambitions. As part of this, a new US managing general agent (Vave Underwriting Agency Inc. (VUAI)) was established and licenced along with Vave Holdings Limited (VHL), a Vave holding company.”
• “On 1 January 2025 the Company ceased to act as a managing agent and will not write any new business on behalf of S4444. All new underwriting activity will be conducted through VUAI, a fellow Group undertaking, and the Company will act as a service company to VUAI. In due course, once any remaining live VDSL written policies have run off, the Company will cease to act as an appointed representative.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

9

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +154.5%

  £5,020,015 → £12,778,354

• Cash

  +44.9%

  £1,205,337 → £1,746,479

• Net assets

  +502,757.5%

  -£1,483 → £7,454,411

• Employees

  -10.3%

  29 → 26

• Operating profit

  +836%

  -£1,020,015 → £7,507,784

• Profit before tax

  +836%

  -£1,020,015 → £7,507,784

• Wages

  -14.4%

  £3,506,301 → £3,000,000

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