WAVENET LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-02-11 (in 9mo)
Last made up 2026-01-28
Watchouts
None on the register
Cash
£18M
+104% vs 2024
Net assets
£251M
-5% vs 2024
Employees
907
+27.7% vs 2024
Profit before tax
-£7M
+19.5% vs 2024
Name history
Renamed 2 times since incorporation
- WAVENET LIMITED 2009-06-26 → present
- INTELNET LIMITED 2009-05-20 → 2009-06-26
- DOT COMM CONSULTANCY LIMITED 2000-02-04 → 2009-05-20
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £171,137,000 | £209,719,000 | |
| Operating profit | -£6,224,000 | -£6,866,000 | |
| Profit before tax | -£8,390,000 | -£6,751,000 | |
| Net profit | -£7,993,000 | -£13,950,000 | |
| Cash | £8,811,000 | £17,976,000 | |
| Total assets less current liabilities | £264,014,000 | £254,826,000 | |
| Net assets | £263,608,000 | £250,539,000 | |
| Equity | £263,608,000 | £250,539,000 | |
| Average employees | 710 | 907 | |
| Wages | £32,182,000 | £38,780,000 |
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | -3.6% | -3.3% | |
| Net margin | -4.7% | -6.7% | |
| Return on capital employed | -2.4% | -2.7% | |
| Current ratio | 1.68x | 2.30x | |
| Interest cover | -691.56x | -146.09x |
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 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- WAVENET LIMITED · parent
- Advantage Technology Group Limited 100%
- Wavenet Communications (Pty) Ltd 100%
Significant events
- “On 1st April 2025, the trade and assets of Daisy Corporate Services Trading Limited were hived across into Wavenet Limited.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| COOPER, Venetia Lois | Director | 2022-02-21 | Oct 1974 | British |
| DAWSON, William Thomas | Director | 2008-09-01 | Apr 1963 | British |
| MOTLER, Stewart James | Director | 2016-08-11 | Mar 1977 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| JONES, Christopher Michael | Secretary | 2000-10-18 | 2016-12-12 |
| PARKER, Michael David | Secretary | 2000-02-04 | 2000-10-17 |
| ASHTON, Andrew Charles | Director | 2016-08-11 | 2022-04-14 |
| GRANNUM, Philip Howard | Director | 2024-06-12 | 2025-11-17 |
| JAGODA WILLETTS, Stephanie Dawn | Director | 2000-02-04 | 2002-01-31 |
| JONES, Christopher Michael | Director | 2000-10-18 | 2016-12-12 |
| JONES, Jacqueline | Director | 2000-02-04 | 2016-08-11 |
| PARKER, Michael David | Director | 2000-09-01 | 2000-10-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Thetis Topco Limited | Corporate entity | Shares 75–100% | 2021-05-17 | Ceased 2021-05-17 |
| Thetis Bidco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-05-17 | Active |
| Wavenet (Holdings) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2021-05-17 |
Filing timeline
Last 20 of 139 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-28 | AA | accounts | Accounts with accounts type full | |
| 2025-11-19 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-12 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-02-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-06 | AA | accounts | Accounts with accounts type full | |
| 2024-07-16 | CH01 | officers | Change person director company with change date | |
| 2024-06-12 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-03-08 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-02-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-13 | AA | accounts | Accounts with accounts type full | |
| 2023-05-30 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-05-26 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-05-26 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-04-12 | AA | accounts | Accounts with accounts type group | |
| 2023-03-06 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-02-13 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-02-06 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-02-06 | PSC07 | persons-with-significant-control | Cessation of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+22.5%
£171,137,000 £209,719,000
-
Cash
+104%
£8,811,000 £17,976,000
-
Net assets
-5%
£263,608,000 £250,539,000
-
Employees
+27.7%
710 907
-
Operating profit
-10.3%
-£6,224,000 -£6,866,000
-
Profit before tax
+19.5%
-£8,390,000 -£6,751,000
-
Wages
+20.5%
£32,182,000 £38,780,000
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