KITWAVE GROUP LIMITED
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Cash
£4.6m
highest in 3 filed years
Net assets
£129m
highest in 3 filed years
Employees
2,148
highest in 3 filed years
Profit before tax
£20m
Period ending 2025-12-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
5 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-10-31 | 2024-10-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £602,220,000 | £663,652,000 | £924,399,000 | — | |
| Operating profit | £29,363,000 | £28,804,000 | £30,938,000 | — | |
| Profit before tax | £24,858,000 | £22,528,000 | £20,206,000 | — | |
| Net profit | £18,956,000 | £16,718,000 | £13,984,000 | — | |
| Cash | £673,000 | £4,137,000 | £4,622,000 | — | |
| Total assets less current liabilities | £132,618,000 | £218,011,000 | £224,123,000 | — | |
| Net assets | £84,445,000 | £124,545,000 | £129,317,000 | — | |
| Equity | £84,445,000 | £124,545,000 | £129,318,000 | — | |
| Average employees | 1,512 | 1,679 | 2,148 | — | |
| Wages | £49,475,000 | £57,021,000 | £86,006,000 | — | |
| Directors' remuneration | £1,164,000 | £1,123,000 | £1,095,000 | — |
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 —. Year-on-year comparison hidden: this filing covers about 14 months versus 12 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-10-31 | 2024-10-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 4.9% | 4.3% | 3.3% | |
| Net margin | 3.1% | 2.5% | 1.5% | |
| Return on capital employed | 22.1% | 13.2% | 13.8% | |
| Gearing (liabilities / total assets) | 59.7% | 65.3% | 64.7% | |
| Current ratio | 1.29x | 1.01x | 1.05x | |
| Interest cover | 6.52x | 4.59x | 2.88x |
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 3 times since incorporation — the current trading name was adopted 2026-04-14
- KITWAVE GROUP LIMITED 2026-04-14 → present
- KITWAVE GROUP PLC 2021-05-05 → 2026-04-14
- KITWAVE GROUP LIMITED 2016-04-02 → 2021-05-05
- TIMEC 1535 LIMITED 2015-11-27 → 2016-04-02
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Grant Thornton UK 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 group's and the parent 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
- KITWAVE GROUP LIMITED · parent
- Kitwave Investments Limited 100%
- Kitwave One Limited 100%
- Kitwave Limited 100%
- M&M Value Limited 100%
- Turner & Wrights Limited 100%
- FW Bishop & Son Limited 100%
- Westone Wholesale Limited 100%
- Automatic Retailing (Northern) Limited 100%
- Teatime Tasties Limited 100%
- TG Foods Limited 100%
- Eden Farm Limited 100%
- Squirrels UK Limited 100%
- Thurston's Food's Limited 100%
- David Miller Frozen Foods Limited 100%
- HB Clark Holdings Limited 100%
- HB Clark & Co (Successors) Limited 100%
- Clarks Fine Wines Limited 100%
- FAM Soft Drinks Limited 100%
- Central Supplies (Brierley Hill) Ltd 100%
- M.J. Baker Foodservice Limited 100%
- Westcountry Food Holdings Limited 100%
- Westcountry Fruit Sales Limited 100%
- Total Foodservice Solutions Limited 100%
- Creed Catering Supplies Limited 100%
- Creed Foodservice Limited 100%
Significant events
- “On 22 January 2026, the boards of Kitwave and OEP Capital Advisors (via Kite UK BidCo Limited "BidCo") announced that they had reached agreement on the terms of a recommended cash acquisition to which BidCo would acquire the entire issued and to be issued share capital of Kitwave for an offer price of 295 pence per Kitwave Share.”
- “On 10 March 2026 the High Court of Justice in England and Wales sanctioned the Scheme which became effective 12 March 2026.”
- “As a result of this acquisition the shares in Kitwave were delisted from Alivi on the 13 March 2026. The ultimate parent company of the Company is now Kite UK Topco Limited.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| EARL, Mark | Secretary | 2026-03-12 | — | — |
| EARL, Mark | Director | 2026-03-12 | Nov 1985 | British |
| MAXTED, Ben | Director | 2021-11-25 | Dec 1983 | British |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BRIND, David Leonard | Secretary | 2021-05-14 | 2026-03-12 |
| RICE, Patricia Ada | Secretary | 2016-03-01 | 2021-04-30 |
| MUCKLE SECRETARY LIMITED | Corporate Secretary | 2015-11-27 | 2016-03-01 |
| ARIZNABARRETA, Maria Teresa Octavio | Director | 2023-02-01 | 2026-03-12 |
| BRIND, David Leonard | Director | 2016-03-01 | 2026-03-12 |
| DAVISON, Andrew John | Director | 2015-11-27 | 2016-03-01 |
| MILLARD, Marnie-Jane | Director | 2025-05-30 | 2026-03-12 |
| MURRAY, Gerard Thomas | Director | 2021-05-24 | 2026-01-13 |
| SMITH, Stephen John | Director | 2021-05-24 | 2025-05-30 |
| YOUNG, Paul Victor | Director | 2016-03-01 | 2024-03-22 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Kite Uk Bidco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2026-03-12 | Active |
| Mr Paul Victor Young | Individual | Shares 75–100% | 2016-04-26 | Ceased 2021-05-24 |
Filing timeline
Last 20 of 129 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-04-17 RESOLUTIONS Resolution
- 2026-04-17 RESOLUTIONS Resolution
- 2026-04-14 CERT10 Certificate re registration public limited company to private
- 2026-04-14 RESOLUTIONS Resolution
- 2026-04-14 RR02 Reregistration public to private company
- 2026-03-20 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-07-21 | AA | accounts | Accounts with accounts type group | |
| 2026-04-17 | RESOLUTIONS | resolution | Resolution | |
| 2026-04-17 | RESOLUTIONS | resolution | Resolution | |
| 2026-04-14 | MAR | incorporation | Re registration memorandum articles | |
| 2026-04-14 | CERT10 | change-of-name | Certificate re registration public limited company to private | |
| 2026-04-14 | RESOLUTIONS | resolution | Resolution | |
| 2026-04-14 | RR02 | change-of-name | Reregistration public to private company | |
| 2026-04-01 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-04-01 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-03-20 | MA | incorporation | Memorandum articles | |
| 2026-03-20 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-20 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-20 | AP03 | officers | Appoint person secretary company with name date | |
| 2026-03-20 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-20 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-20 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-03-19 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-03-19 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2026-03-16 | OC | miscellaneous | Court order |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 5
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.