Newwaves Solutions Limited

Newwaves Solutions Ltd, based in Weybridge, UK, is a sizable holding company with an active status, celebrating 54 years since its founding in 1970. The company employs 59 people and operates from a virtual address, a fact highlighted by the presence of 58 other companies registered at the same location. It’s managed by five directors and has one owner, and runs an e-commerce site. The company regularly imports and exports machinery, boilers, and mechanical appliances, parts, with 40 months of import activity and 28 months of export activity recorded.

The company's website paints a picture of a technology-focused business. Newwaves Solutions specializes in software development, blockchain development, and a range of IT outsourcing services. They offer solutions for mobile app development, website development, and emerging technologies like AI and IoT. They cater to a diverse range of industries, including finance, education, healthcare, and real estate, and boast a global presence with offices in Japan and Korea. The website also lists a wide array of technologies they work with, from Java and Python to React and Angular.

Financially, Newwaves Solutions Ltd shows a mixed bag. While administrative expenses increased by 25% to £2.8 million, the company’s net assets decreased by 24% to £8.3 million. Debtor amounts have dropped significantly, by 65%, to £49 million, which could indicate challenges in collecting payments. However, director remuneration increased by 6.6% to £270,000, suggesting continued investment in leadership. Bank borrowings decreased by 53%, to £2.9 million, which is a positive sign. The company’s dividend payments remained constant at £5 million. The company’s tax expense decreased by 46% to £740,000.

The company's auditor is MGI Midgley Snelling LLP. Despite the fluctuations, the company’s large size (meeting two of three conditions for a large company) and its focus on high-growth technology sectors suggest a potential for future success. The decrease in assets and increase in bank borrowings, however, warrants close monitoring.

Registered in England/Wales under the registration number 00981523, with a registered address at KT13 8AH, Weybridge, Surrey, Ibex House, Baker Street.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.