Company Overview
Wavecrest (Uk) Ltd is listed at the official companies registry as in Liquidation Private Limited Company. The company was incorporated on Wednesday 05 April 1995, so this is a well established company. Wavecrest (Uk) Ltd has been in business for 30 years and 11 months. The accounts status is group and the accounts are next due on Tuesday 31 December 2019.
Registered Address

25 Farringdon Street, London, EC4A 4AB
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Companies House Data
Company NameWAVECREST (UK) LTD
Company Number03042254
Registered Office Address25 Farringdon Street
 EC4A 4AB
Company CategoryPrivate Limited Company
Company StatusLiquidation
Country of OriginUnited Kingdom
Incorporation Date05/04/1995
Accounting Reference Date Day31
Accounting Reference Date Month3
Accounts Next Due Date31/12/2019
Accounts Last Made Up Date31/03/2018
Accounts Account CategoryGROUP
Returns Next Due Date30/06/2017
Returns Last Made Up Date02/06/2016
Directors & Members
Show Resigned
Christopher Adams - Director
(British, 53 years old, born October 1973)
Appointed 27 November 2006
Active
Brian Killman - Director
(British, 59 years old, born October 1967)
Appointed 17 April 2018
Active
John Kirkpatrick - Director
(British, 70 years old, born June 1956)
Appointed 27 November 2006
Active
Secretaries
Show Resigned
Balance Sheet Unlock full report
Accounts Date 31-Mar-2018 31-Dec-2013 31-Dec-2012
Balance Sheet
Fixed Assets 5,934,000 5,934,000 5,443,000
Current Assets 13,601,000 13,601,000 15,343,000
Creditors Due Within One Year 17,082,000 17,082,000 18,710,000
Working Cap -3,481,000 -3,481,000 -3,367,000
Total Assets Less Current Liabilities 2,453,000 2,453,000 2,076,000
Long-term Liabilities 9,888,000 9,888,000 9,718,000
Net Assets -7,435,000 -7,435,000 -7,642,000
Share Capital & Reserves
Share Cap 941,000 941,000 941,000
Profit & Loss Reserves -469,786,000 -469,786,000 -469,993,000
Other Reserves 461,410,000 461,410,000 461,410,000
Shareholders Funds -7,435,000 -7,435,000 -7,642,000
Common Size Financial Analysis Unlock full report
Accounts Date 31-Mar-2018 31-Dec-2013 31-Dec-2012
Tangible Fixed Assets - - -
Fixed Assets 30.4% 30.4% 26.2%
Stocks Inventory 0.0% 0.0% 0.0%
Debtors 32.3% 32.3% 31.6%
Cash Bank In Hand 1.0% 1.0% 3.2%
Current Assets 69.6% 69.6% 73.8%
Creditors Due Within One Year 87.4% 87.4% 90.0%
Net Current Assets Liabilities -17.8% -17.8% -16.2%
Creditors Due After One Year 50.6% 50.6% 46.8%
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability -38.1% -38.1% -36.8%
Called Up Share Capital 4.8% 4.8% 4.5%
Share Capital Allotted Called Up Paid 4.8% 4.8% 4.5%
Profit Loss Account Reserve -2404.8% -2404.8% -2261.1%
Shareholder Funds -38.1% -38.1% -36.8%
Capital Employed - - -
Total Assets Less Current Liabilities 12.6% 12.6% 10.0%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Mar-2018 31-Dec-2013 31-Dec-2012
Liquidity Ratio 0.8 0.8 0.8
Solvency Ratio 0.7 0.7 0.7
Reserves to Assets -24.0 -24.0 -22.6
Secured Creditors Unlock full report
Mortgages Charges 12
Mortgages Outstanding 1
Mortgages Part Satisfied 0
Mortgages Satisfied 11
Assets and Debt Analysis Unlock full report
Accounts Date 31-Mar-2018 31-Dec-2013 31-Dec-2012
Assets 19,535,000 19,535,000 20,786,000
Debt 26,970,000 26,970,000 28,428,000
Net Assets/Debt -7,435,000 -7,435,000 -7,642,000

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet net assets figure is negative. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet net assets figure is negative. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation.  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet net assets figure is negative. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due
Paid After
30 days due
Owing Before
30 days due
Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.

Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
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Document Filings
Insolvency court order
Appointment of a voluntary liquidator
Removal of liquidator by court order
Liquidators' statement of receipts and payments to 16 March 2024
Liquidators' statement of receipts and payments to 16 March 2023
Liquidators' statement of receipts and payments to 16 March 2022
Liquidators' statement of receipts and payments to 16 March 2021
Notice of move from Administration case to Creditors Voluntary Liquidation
Administrator's progress report
Register inspection address has been changed from 5th Floor 6 st. Andrew Street London EC4A 3AE United Kingdom to 8th Floor 20 Farringdon Street London EC4A 4AB
Statement of administrator's proposal
Termination of appointment of Nicolas James Lynch-Aird as a director on 12 April 2019
Result of meeting of creditors
Registered office address changed from 1st Floor Bishopsgate Court 4-12 Norton Folgate London E1 6DB to 25 Farringdon Street London EC4A 4AB on 16 April 2019
Appointment of an administrator
Termination of appointment of Azhar Rifai as a director on 17 January 2019
Registration of charge 030422540012, created on 26 November 2018
Appointment of Tmf Corporate Administration Services Limited as a secretary on 1 July 2018
Confirmation statement made on 2 June 2018 with updates
Satisfaction of charge 030422540009 in full
Termination of appointment of Jerome Paul Booth as a director on 17 April 2018
Appointment of Mr Azhar Rifai as a director on 17 April 2018
Appointment of Mr Brian Killman as a director on 17 April 2018
Court order

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