WAVE OPTICS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-09-19 (in 4mo)
Last made up 2025-09-05
Watchouts
Cash
£25M
+41.6% vs 2023
Net assets
£60M
+33.1% vs 2023
Employees
114
-0.9% vs 2023
Profit before tax
£1K
-100% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 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 Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £59,678,000 | £84,072,000 | |
| Operating profit | £3,003,000 | £2,693,000 | |
| Profit before tax | £2,336,000 | £1,000 | |
| Net profit | £1,295,000 | £583,000 | |
| Cash | £17,529,000 | £24,827,000 | |
| Total assets less current liabilities | £45,426,000 | £64,680,000 | |
| Net assets | £45,426,000 | £60,460,000 | |
| Equity | £45,426,000 | £60,460,000 | |
| Average employees | 115 | 114 | |
| Wages | £28,627,000 | £26,607,000 |
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 5.0% | 3.2% | |
| Net margin | 2.2% | 0.7% | |
| Return on capital employed | 6.6% | 4.2% | |
| Gearing (liabilities / total assets) | 52.9% | 59.4% | |
| Current ratio | 1.04x | 0.84x | |
| Interest cover | 3.73x | 0.98x |
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
- Ernst & Young 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 twelve months from authorisation of the accounts.”
Group structure
- WAVE OPTICS LIMITED · parent
- Wave Optics (Beijing) Technology Co., Ltd. 100%
Significant events
- “No matters or circumstances have arisen since the end of the financial year which significantly affected or may significantly affect the operations of the Company, the results of those operations, or the state of affairs of the Company in future financial years.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 17 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PRADHAN, Siddharth | Director | 2025-08-25 | May 1989 | New Zealander |
Show 17 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| LUDKIN, Maria | Secretary | 2018-09-06 | 2021-05-17 |
| ALLPRESS, Stephen Alan | Director | 2015-02-27 | 2015-11-25 |
| BAHNS, Robert | Director | 2015-11-25 | 2018-03-26 |
| BUICA, Flavia | Director | 2022-09-28 | 2025-08-21 |
| GREY, David | Director | 2012-09-05 | 2021-05-17 |
| HARRIMAN, Martin | Director | 2015-11-25 | 2021-05-17 |
| HAYES, David | Director | 2017-09-28 | 2022-09-16 |
| JIANG, Hongquan | Director | 2015-11-25 | 2021-05-17 |
| KING, Simon Paul, Dr | Director | 2017-07-11 | 2021-05-17 |
| LIU, Yaocheng | Director | 2019-08-08 | 2021-05-17 |
| MATA, Edward | Director | 2022-09-28 | 2024-08-14 |
| MYERS, Scott Andrew | Director | 2021-05-17 | 2026-03-03 |
| PORWAL, Atul Manilal | Director | 2022-09-28 | 2026-03-20 |
| STRAND, Steen Arthur | Director | 2021-05-17 | 2022-09-12 |
| TALUKDAR, Sumanta, Dr | Director | 2012-09-05 | 2017-09-28 |
| VALERA, Mohmed Salim, Dr | Director | 2014-07-03 | 2015-02-27 |
| IP2IPO SERVICES LIMITED | Corporate Director | 2018-03-26 | 2021-05-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Snap, Inc. | Corporate entity | Shares 50–75%, Voting 50–75% | 2021-05-17 | Ceased 2021-05-17 |
| Evan Thomas Spiegel | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-05-17 | Active |
| Octopus Titan Vct Plc | Corporate entity | Shares 25–50%, Voting 25–50% | 2018-10-22 | Ceased 2021-01-08 |
Filing timeline
Last 20 of 128 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-04-24 MA Memorandum articles
- 2026-04-24 RESOLUTIONS Resolution
- 2024-01-12 MA Memorandum articles
- 2024-01-02 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-24 | MA | incorporation | Memorandum articles | |
| 2026-04-24 | RESOLUTIONS | resolution | Resolution | |
| 2026-04-08 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-30 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-07 | AA | accounts | Accounts with accounts type full | |
| 2025-09-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-31 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-31 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-10 | AA | accounts | Accounts with accounts type full | |
| 2024-09-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-08-21 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-12 | MA | incorporation | Memorandum articles | |
| 2024-01-02 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2024-01-02 | SH20 | capital | Legacy | |
| 2024-01-02 | RESOLUTIONS | resolution | Resolution | |
| 2024-01-02 | CAP-SS | insolvency | Legacy | |
| 2023-10-14 | AA | accounts | Accounts with accounts type full | |
| 2023-09-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-11 | AD03 | address | Move registers to sail company with new address | |
| 2023-04-05 | AD02 | address | Change sail address company with old address new address |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 3
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 2024-12-31 vs 2023-12-31
-
Turnover
+40.9%
£59,678,000 £84,072,000
-
Cash
+41.6%
£17,529,000 £24,827,000
-
Net assets
+33.1%
£45,426,000 £60,460,000
-
Employees
-0.9%
115 114
-
Operating profit
-10.3%
£3,003,000 £2,693,000
-
Profit before tax
-100%
£2,336,000 £1,000
-
Wages
-7.1%
£28,627,000 £26,607,000
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