BIBBY WAVEMASTER 2 LIMITED
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Cash
£158
EUR 184
+95.1% vs 2023
Net assets
-£3.4M
EUR -3,973,867
-55.6% lowest in 4 filed years
Employees
—
Average over period
Profit before tax
-£1.2M
EUR -1,418,752
-188.7% lowest in 4 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
4-year trend · vs Industrials median
Accounts
4-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|
| Turnover | £8,126,149 | £7,412,908 | £7,434,636 | £7,218,316 | -2.9% | |
| Operating profit | £1,760,863 | £1,567,727 | £1,415,475 | £615,174 | -56.5% | |
| Profit before tax | £722,170 | -£579,225 | -£421,306 | -£1,216,247 | -188.7% | |
| Net profit | £721,523 | -£579,891 | -£422,117 | -£1,217,136 | -188.3% | |
| Cash | — | — | £81 | £158 | +95.1% | |
| Total assets less current liabilities | £34,295,102 | £34,346,771 | £29,938,029 | £29,241,321 | -2.3% | |
| Net assets | -£356,579 | -£936,470 | -£2,189,523 | -£3,406,658 | -55.6% | |
| Equity | -£356,579 | -£936,470 | -£2,189,523 | -£3,406,658 | -55.6% | |
| Average employees | 0 | 0 | — | — | — | |
| Wages | — | — | — | — | — | |
| Directors' remuneration | — | — | — | — | — |
Figures converted to GBP from EUR at 0.857 per EUR (Frankfurter spot rate) — hover any figure for the original. — 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 |
|---|---|---|---|---|---|
| Operating margin | 21.7% | 21.1% | 19.0% | 8.5% | |
| Net margin | 8.9% | -7.8% | -5.7% | -16.9% | |
| Return on capital employed | 5.1% | 4.6% | 4.7% | 2.1% | |
| Current ratio | — | — | 1.12x | 1.00x | |
| Interest cover | 1.70x | 0.73x | 0.77x | 0.34x |
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
- Forvis Mazars LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the above approach, the directors have formed the judgement at the time of approving the financial statements, that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BIBBY BROS. & CO. (MANAGEMENT) LIMITED | Corporate Secretary | 2017-11-22 | — | — |
| GILMAN, Nicholas Charles | Director | 2023-11-06 | Dec 1967 | British |
| QUINN, Nigel Colin Patrick | Director | 2023-11-01 | Apr 1971 | British,Irish |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BOLTON, Stephen Henry | Director | 2017-11-22 | 2021-07-09 |
| CALLENDER, Alexei Robert | Director | 2017-11-22 | 2019-12-18 |
| CROOK, Ian Kenneth | Director | 2017-11-22 | 2020-01-31 |
| GOODY, Andrew John | Director | 2022-06-01 | 2023-11-01 |
| HUGHES, John Howard | Director | 2017-11-22 | 2024-07-31 |
| MCLAUGHLIN, Carl Paul | Director | 2018-11-01 | 2019-01-31 |
| OSBORNE, Jonathan | Director | 2017-11-22 | 2019-03-31 |
| SAMUELS, Helen Julia | Director | 2020-01-31 | 2020-10-30 |
| WORDEN, Susan Erica Ann | Director | 2020-04-21 | 2022-05-27 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Bibby Marine Services Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-11-22 | Active |
Filing timeline
Last 20 of 55 total filings
Material constitutional events — rename, articles re-file, resolution
- 2022-06-27 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-09-17 | AA | accounts | Accounts with accounts type full | |
| 2025-05-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-09-10 | AA | accounts | Accounts with accounts type full | |
| 2024-07-31 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-10 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-01 | TM01 | officers | Termination director company with name termination date | |
| 2023-11-01 | AP01 | officers | Appoint person director company with name date | |
| 2023-08-16 | AA | accounts | Accounts with accounts type full | |
| 2023-05-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-28 | AA | accounts | Accounts with accounts type full | |
| 2022-06-27 | RESOLUTIONS | resolution | Resolution | |
| 2022-06-01 | TM01 | officers | Termination director company with name termination date | |
| 2022-06-01 | AP01 | officers | Appoint person director company with name date | |
| 2022-05-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-11-04 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2021-10-02 | AA | accounts | Accounts with accounts type full | |
| 2021-07-12 | TM01 | officers | Termination director company with name termination date | |
| 2021-05-18 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 1
- 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.