NEWWAVES SOLUTIONS LIMITED
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Cash
—
Latest balance sheet
Net assets
£12m
+44.1% highest in 5 filed years
Employees
59
-6.3% vs 2024
Profit before tax
£5.1m
+70.6% first positive since 2020
Net assets
5-year trend · vs Industrials median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | £15,318,782 | £112,616,977 | £191,199,166 | £70,825,262 | £102,747,797 | +45.1% | |
| Operating profit | -£226,153 | £2,434,651 | £4,292,073 | £1,987,672 | £3,719,465 | +87.1% | |
| Profit before tax | -£245,861 | £2,388,180 | £5,850,522 | £2,969,111 | £5,065,372 | +70.6% | |
| Net profit | -£245,861 | £1,976,026 | £4,470,854 | £2,225,307 | £3,799,194 | +70.7% | |
| Cash | £846 | £0 | — | — | — | — | |
| Total assets less current liabilities | £1,861,189 | £3,837,215 | — | — | — | — | |
| Net assets | — | — | £11,394,984 | £8,620,291 | £12,419,485 | +44.1% | |
| Equity | £1,861,189 | £3,837,215 | £11,394,984 | £8,620,291 | £12,419,485 | +44.1% | |
| Average employees | 44 | 68 | 59 | 63 | 59 | -6.3% | |
| Wages | £3,320,198 | — | £4,774,411 | £5,827,757 | £5,688,140 | -2.4% | |
| Directors' remuneration | £216,899 | £218,830 | £251,991 | £193,697 | £160,707 | -17% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | -1.5% | 2.2% | 2.2% | 2.8% | 3.6% | |
| Net margin | -1.6% | 1.8% | 2.3% | 3.1% | 3.7% | |
| Return on capital employed | -12.2% | 63.4% | — | — | — | |
| Gearing (liabilities / total assets) | — | — | — | 82.4% | 88.8% | |
| Current ratio | — | — | 1.09x | 1.21x | 1.13x | |
| Interest cover | -11.40x | 52.39x | — | 22.70x | — |
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.
Name history
Renamed 2 times since incorporation
- NEWWAVES SOLUTIONS LIMITED 2016-02-22 → present
- DREDGING INTERNATIONAL (UK) LIMITED 1992-09-28 → 2016-02-22
- SEVEN SEAS DREDGING LIMITED 1970-06-08 → 1992-09-28
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- MGI Midgley Snelling LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have considered the company or their forecasts for at least 12 months from the date of approval of these financial statements and the uncertainties attached to new contracts being awarded to this entity, the level of debtors at the balance sheet date and the nature of the company's relationship with its parent (the latter being that as a wholly owned subsidiary of the DEME group). The directors are of the opinion that taking these factors into consideration that the company continues to be a going concern.”
Significant events
- “During the year, the Company recognised an exceptional foreign exchange gain of £2,887,282 arising from significant foreign currency movements on the retranslation of a foreign currency balance. This item is considered exceptional due to its size and nonrecurring nature due to the strengthening of GBP.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 26 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DE JAEGER, Pascal | Secretary | 2019-01-01 | — | — |
| BOUVY, Hugo Bernard | Director | 2023-01-01 | Apr 1970 | Dutch |
| DE VYLDER, Koen Roger Delphine | Director | 2021-05-18 | Jun 1979 | Belgian |
| TANCRE, Eric | Director | 2012-01-01 | Oct 1960 | Belgian |
| TAYLOR, Ian Gaylard | Director | 2016-09-23 | Dec 1964 | British |
Show 26 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BERNARD, Frederik | Secretary | 2016-04-11 | 2018-12-31 |
| BERNARD, Frederik | Secretary | 2014-01-01 | 2016-03-01 |
| GOEMAERE, Lukas | Secretary | 2012-01-01 | 2014-01-01 |
| HOLMES, Anthony Scott | Secretary | — | 2003-02-22 |
| VAN MEERBEECK, Christian Louis | Secretary | 2003-02-22 | 2012-01-01 |
| ASTOR, John Jacob, The Right Honourable. The Lord Astor Of Hever | Director | 2016-04-12 | 2025-02-28 |
| BERNARD, Alain | Director | 2006-02-22 | 2012-01-01 |
| BERNARD, Frederik | Director | 2014-01-01 | 2016-03-01 |
| CHEVALIER, Michel Georges | Director | — | 1993-11-02 |
| GERRETT, Alan Mark | Director | 2016-03-08 | 2016-09-23 |
| GOEMAERE, Lukas | Director | 2012-01-01 | 2014-01-01 |
| GOODMAN, Rupert Andrew Woodward | Director | 2016-04-12 | 2025-02-28 |
| HERMANS, Philip Louis | Director | 2016-03-01 | 2023-01-01 |
| HERREMAN, Jan | Director | 2012-01-01 | 2014-01-01 |
| LANTING, Lucas Tys | Director | 1992-08-31 | 1997-12-01 |
| LENAERTS, Tom Frank | Director | 2016-03-01 | 2020-04-29 |
| MAES, Marc Georges Marie | Director | 2007-11-15 | 2012-01-01 |
| RIMELL, Frank Geoffrey | Director | 1992-08-31 | 2006-04-03 |
| STORDIAU, Marc | Director | 1997-11-28 | 2007-11-15 |
| STRUTT, Henry Clavering Tollemache | Director | 2016-04-12 | 2025-02-28 |
| TIJBOSCH, Emile | Director | — | 1993-11-02 |
| VAN DESSEL, Ivo | Director | 1992-08-31 | 1996-06-27 |
| VANDEKEYBUS, Lotte | Director | 2021-05-18 | 2021-12-28 |
| VANDEMEULEBROUCKE, Bart | Director | 2014-01-01 | 2016-03-01 |
| VERBRAECKEN, Els Gustaaf Rosalia | Director | 2016-03-01 | 2020-04-29 |
| VISSER, Gerrit | Director | 1996-06-27 | 1996-12-23 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Deme Group Nv | Corporate entity | Shares 75–100% (as firm), Voting 75–100% (as firm) | 2023-07-26 | Active |
Filing timeline
Last 20 of 162 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-07-02 | AA | accounts | Accounts with accounts type full | |
| 2025-08-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-04-01 | AA | accounts | Accounts with accounts type full | |
| 2025-02-28 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-28 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-28 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-29 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-05-20 | AA | accounts | Accounts with accounts type full | |
| 2023-11-02 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-11-02 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2023-08-24 | AA | accounts | Accounts with accounts type full | |
| 2023-07-25 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-01-03 | AP01 | officers | Appoint person director company with name date | |
| 2023-01-03 | TM01 | officers | Termination director company with name termination date | |
| 2022-07-26 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-04-06 | AA | accounts | Accounts with accounts type full | |
| 2022-01-31 | TM01 | officers | Termination director company with name termination date | |
| 2021-08-19 | AA | accounts | Accounts with accounts type full | |
| 2021-08-04 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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.