WAVE LTD

🌳Matureactive

06492265 · ltd · incorporated 2008-02-04

Investment thesis

Well-run mature business — low negotiation leverage; premium likely.

Why interesting: Textbook target; clean filings, stable trading.

Why risky: No pressure on seller; any deal likely at full price.

Opportunity decay

hardening · 12-months

Already tight — no obvious softening catalysts on the horizon.

· Thesis: well-run, low negotiation leverage

🔒Estimated value

—

Upgrade to see

Turnover

—

not disclosed

Net worth

—

book net assets

Opportunity

79/100

Strong

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What this business does

Primary activity: Activities of head offices

Sector: Professional, scientific & technical

Investor take

Pursue

Active trading company with a 62-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (60/100, director aged 62). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 8.6y

35/100

too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

· Oldest live charge is 8.6 years old — likely at or near maturity.
· 3 lenders named — inter-creditor friction likely.
· Legal-friction score 30/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (61/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

No iXBRL financials extracted

Lenders & charges

3 charges (3/3 with lender, 3/3 with type)

Directors & officers

18 officers (8 active, 18 linked, 14 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

22 connected companies via shared directors

Filing history

89 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

79/100Strong

PassWatchWorth a lookStrongExceptional

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Recent activity

Last 30 days

filings

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filings

• 1 confirmation-statement
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (53 events)Click to expand

2025-12-01
📄
accounts-with-accounts-type-group
accounts · AA
2025-10-17
📄
change-person-director-company-with-change-date
officers · CH01
2024-12-10
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-12-10
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-12-05
📄
accounts-with-accounts-type-group
accounts · AA
2024-11-28
➕
CAMPBELL, Fraser Warner appointed
director
2024-11-27
➖
DONNELLY, Anthony resigned
director
2024-03-05
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-03-05
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-03-01
➕
MAGUIRE, Declan appointed
director
2024-02-29
➖
BOUCHER, Richard Alistair resigned
director
2024-01-11
📄
mortgage-satisfy-charge-full
mortgage · MR04
2024-01-11
🔓
Charge satisfied #3
2023-12-24
📄
accounts-with-accounts-type-group
accounts · AA
2023-10-09
📄
mortgage-satisfy-charge-full
mortgage · MR04
2023-10-09
🔓
Charge satisfied #2
2023-07-12
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-07-04
➕
ARTIS, David Roger appointed
director
2022-12-15
📄
accounts-with-accounts-type-group
accounts · AA
2022-09-28
📍
move-registers-to-registered-office-company-with-new-address
address · AD04
2021-12-03
📄
accounts-with-accounts-type-group
accounts · AA
2021-10-15
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-10-15
📄
termination-director-company-with-name-termination-date
officers · TM01
2021-10-15
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2021-10-15
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2021-10-14
➕
SOMERVILLE, Richard William Peter appointed
secretary
2021-10-14
➕
SOMERVILLE, Richard William Peter appointed
director
2021-10-08
➖
PARKER, Martin resigned
secretary
2021-10-08
➖
PARKER, Martin resigned
director
2021-02-03
📄
accounts-with-accounts-type-group
accounts · AA
2020-09-28
🔒
Charge registered #3
Lender: National Westminster Bank PLC
2017-08-31
➕
HAZON, Stewart appointed
director
2017-08-31
➕
WATSON, Nigel Jonathan appointed
director
2017-08-31
➕
YOUNG, Wayne Paul appointed
director
2017-08-31
➕
PARKER, Martin appointed
secretary
2017-08-31
➕
BOUCHER, Richard Alistair appointed
director
2017-08-31
➕
DONNELLY, Anthony appointed
director
2017-08-31
➕
PARKER, Martin appointed
director
2017-08-31
➖
RUSSELL, Claire Tytherleigh resigned
director
2017-08-31
🔒
Charge registered #2
Lender: Anglian Venture Holdings Limited
2017-08-31
🔒
Charge registered #1
Lender: Rbs Invoice Finance Limited
2016-07-28
➖
CLARKE, Elizabeth Ann Horlock resigned
director
2016-07-28
➕
RUSSELL, Claire Tytherleigh appointed
director
2016-01-28
➖
NOMINEE SECRETARY LTD resigned
corporate-nominee-secretary
2016-01-28
➖
KHAN, Waris, Mr. resigned
director
2016-01-28
➖
NOMINEE DIRECTOR LTD resigned
corporate-nominee-director
2016-01-27
➕
CLARKE, Elizabeth Ann Horlock appointed
director
2013-07-04
➕
KHAN, Waris, Mr. appointed
director
2012-04-20
➖
COALES, Edwina resigned
director
2010-10-15
➕
COALES, Edwina appointed
director

Showing most recent 50 of 53 events

Owner dependency

48/100

Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS

-7 active directors: Broader management team in place — suggests transferable governance.
+Senior director age: Director aged approximately 62 — approaching natural succession window.

Succession & seller-readiness

40/100

Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.

Red flags

clean

No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

2 corporate shareholders identified. Group structure is distributed.

🏛️

Northumbrian Water Group Limited

Corporate parent · holds 25-50% shares

significant stake

🏛️

Anglian Venture Holdings Limited

Corporate parent · holds 25-50% shares

significant stake

⬇

WAVE LTD

This company · 06492265

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Northumbrian Water Group Limited Corporate entity	25–50%	25–50%	25-50% shares · 25-50% voting	23/03/2017
Anglian Venture Holdings Limited Corporate entity	25–50%	25–50%	25-50% shares · 25-50% voting	06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

6 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

Available from the Pro tier upwards.

See pricing →

🔒Advanced scoring suite

Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.

Available from the Pro tier upwards.

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Company details

Statusactive

Typeltd

Incorporated2008-02-04

Jurisdictionengland-wales

Primary SIC70100 — Activities of head offices

Registered office

Northumbria House Abbey Road

Pity Me

Durham

DH1 5FJ

United Kingdom

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-03-25

Last: 2026-03-11