Waux Ltd

Waux Ltd, based in Tunbridge Wells, UK, is a small, active company founded five years ago in 2019. With four employees and £541,187 in assets, it operates from a virtual address shared by fourteen other companies—a bit unusual, really. The company is led by a solo founder, Cooper Keith, who also serves as director and owner. Waux specialises in the design, fabrication and supply of quality GRP and antislip products and systems throughout the UK. It regularly imports copper and copper products (five months of imports) and occasionally exports iron and steel (one month of exports).

The company’s website highlights its focus on GRP structures and antislip flooring for safer access, particularly within the rail, construction, and marine sectors. It offers a range of products, from structural GRP to corduroy tactiles, and prides itself on a “total service” approach, including technical consultations and rapid delivery. Waux’s website showcases a strong emphasis on quality, innovation, and sustainability, partnering with architects and contractors to bring the very best solutions to market.

Financially, Waux Ltd presents a mixed picture. Net assets have increased significantly, jumping 700% to £110,000, while bank borrowings have decreased by 55%, settling at £81,000. Cash reserves have fallen by 23%, to £64,000. Trade debtors have increased by 52%, suggesting a reliance on customer payments, and creditors have decreased by 31%, which is a good sign. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the rise in debtors should be monitored. The number of employees has increased from four to six. With no auditor mentioned, the financial statements are unaudited.

Overall, Waux Ltd seems to be growing, but the financial data suggests it’s navigating some challenges. Its focus on specialized products and commitment to customer service could be key to its continued success—although, it would be good to see a more stable cash position.

Registered in England/Wales under the registration number 12324813, with a registered address at TN3 8AD, England, Tunbridge Wells, Kent, The Stables, Little Coldharbour Farm Tong Lane, Lamberhurst.

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