WIRELESS LOGIC LIMITED
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Next accounts due
2027-01-31 (in 8mo)
Last filed for 2025-04-30
Confirmation statement due
2026-05-15
Overdue
Watchouts
Cash
£8M
+149.7% vs 2024
Net assets
-£190M
-119.3% vs 2024
Employees
196
+7.7% vs 2024
Profit before tax
-£108M
+22.1% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Confirmation statement overdue
Due 2026-05-15.
Net assets
2-year trend · vs Telecommunications median
Accounts
2-year trend · latest reflected 2025-04-30
| Metric | Trend | 2024-04-30 | 2025-04-30 |
|---|---|---|---|
| Turnover | £73,229,000 | £77,529,000 | |
| Operating profit | -£128,156,000 | -£100,612,000 | |
| Profit before tax | -£138,369,000 | -£107,770,000 | |
| Net profit | -£141,846,000 | -£103,792,000 | |
| Cash | £3,125,000 | £7,803,000 | |
| Total assets less current liabilities | -£67,171,000 | -£182,984,000 | |
| Net assets | -£86,526,000 | -£189,738,000 | |
| Equity | -£86,526,000 | -£189,738,000 | |
| Average employees | 182 | 196 | |
| Wages | £10,558,000 | £12,790,000 | |
| Directors' remuneration | £307,000 | £315,000 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2024 → FY2025 · period ending 2025-04-30 vs 2024-04-30
-
Turnover
+5.9%
£73,229,000 £77,529,000
-
Cash
+149.7%
£3,125,000 £7,803,000
-
Net assets
-119.3%
-£86,526,000 -£189,738,000
-
Employees
+7.7%
182 196
-
Operating profit
+21.5%
-£128,156,000 -£100,612,000
-
Profit before tax
+22.1%
-£138,369,000 -£107,770,000
-
Wages
+21.1%
£10,558,000 £12,790,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-04-30 | 2025-04-30 |
|---|---|---|---|
| Operating margin | -175.0% | -129.8% | |
| Net margin | -193.7% | -133.9% | |
| Return on capital employed | 190.8% | 55.0% | |
| Gearing (liabilities / total assets) | 118.4% | 132.9% | |
| Current ratio | 0.17x | 0.25x | |
| Interest cover | -5.86x | -2.95x |
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
- WIRELESS LOGIC LIMITED 2001-10-02 → present
- MYWASP LIMITED 2001-01-17 → 2001-10-02
- @U MEDIA PUBLISHING LIMITED 1999-11-19 → 2001-01-17
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis, which the Directors consider appropriate after assessing the Group's financial position, cash flow forecasts, and borrowing facilities. While the Group also has a significant level of debt, it continues to generate sufficient operating cash flows to meet its obligations as they fall due. Based on forecasts and reasonable downside sensitivities, the Directors are satisfied that the Group has adequate resources to continue in operational existence for the foreseeable future. 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 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. In auditing the financial statements, we have concluded that the directors' use of the going concem basis of accounting in the preparation of the financial statements is appropriate. The company continues to generate sufficient operating cash flows to meet its interest and repayment obligations as they fall due. In light of continued revenue visibility, consistent EBITDA performance, and committed support from Montagu Private Equity LLP, the Directors have concluded that the company has adequate resources to continue in operational existence for the foreseeable future.”
Group structure
- WIRELESS LOGIC LIMITED · parent
- Wireless Logic Nordic Holding AS 100%
- Wireless Logic GmbH 100%
- Wireless Logic mdex GmbH 100%
- Wireless Logic Holding BV 100%
- Wireless Logic Holding France 100%
- Wireless Logic China 100%
- Nexus Topco Limited 100%
- Arkessa GmbH 100%
- Wireless Logic GmbH 100%
- Datamobile AG 100%
- Wireless Logic Holding Italy 100%
- Mobius Topco Limited 100%
- Jola Cloud Solutions Limited 100%
- Telroaming Advanced Communication Solution Limited 100%
- Wireless Logic Brazil 100%
- IC3S International Holding GmbH 100%
- M2M Blue Ventures BV 100%
- M2M Blue BV 100%
- Wireless Logic BV 100%
- Wireless Logic Benelux BV 100%
- Matooma SAS 100%
- Matooma North America Inc. 100%
- IOThink Solutions 100%
- Nexus Midco Ltd 100%
- Nexus Bidco Ltd 100%
- Arkessa Ltd 100%
- Arkessa Inc 100%
- Comvision BV 100%
- Com4 AS 100%
- Com4 Sweden AB 100%
- Things Mobile Srl 100%
- Mobius Midco Limited 100%
- Mobius Bidco Limited 100%
- Mobius Networks Holdings Limited 100%
- Mobius Networks Limited 100%
- Zapappi Limited 100%
- Webbing Hong Kong Limited 100%
- Webbing USA Inc 100%
- Wireless Logic Shenzhen 100%
- Arqia 100%
- Datora 100%
Significant events
- “Subsequent to the year end, Blue Holdco Limited successfully completed a refinancing transaction to enhance its capital structure and liquidity position. This refinancing provides greater financial flexibility to support the Group's strategic initiatives.”
- “Following the year end the company completed the acquisition of Zipit Inc on 1st August 2025, funded via an equity injection into the company. Zipit headquartered in South Carolina, delivers connectivity across sectors including agriculture, security and surveillance and digital signage. With operations in both the US and Canada, Zipit is recognised for its flexible, white-labelled billing platform, strong customer support and regional insight.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 22 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MILLER, Richard | Secretary | 2012-11-15 | — | — |
| MILLER, Richard | Director | 2012-11-15 | Oct 1964 | British |
| TUCKER, Oliver Robert Stewart | Director | 2011-08-13 | Jun 1962 | British |
Show 22 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| AXELBY, James | Secretary | 2002-02-11 | 2002-11-18 |
| DREWITT, Anthony John Alexander | Secretary | 1999-11-26 | 2000-12-22 |
| DREWITT, Brian Anthony | Secretary | 2000-12-22 | 2002-02-11 |
| DREWITT, Eileen Stella | Secretary | 1999-11-19 | 1999-11-26 |
| HOLDGATE, James Edward Peter | Secretary | 2009-12-01 | 2011-08-13 |
| VINCENT, Stephen Mark | Secretary | 2002-11-18 | 2009-12-01 |
| BRITANNIA COMPANY FORMATIONS LIMITED | Corporate Nominee Secretary | 1999-11-19 | 1999-11-19 |
| BIGGS, Neil William | Director | 2001-01-11 | 2002-11-18 |
| COLE, Philip Thomas | Director | 2011-08-13 | 2019-02-18 |
| COLE, Philip Thomas | Director | 2000-12-22 | 2002-11-18 |
| DREWITT, Anthony John Alexander | Director | 1999-11-26 | 2001-09-28 |
| DREWITT, Brian Anthony | Director | 1999-11-19 | 1999-11-26 |
| JONES, Peter David | Director | 2002-11-18 | 2011-08-13 |
| MCANGUS, Andrew Wayne Edward | Director | 1999-11-26 | 2000-05-05 |
| MCPHERSON, George Richard Walter | Director | 2004-05-01 | 2011-08-13 |
| MULLER, Iain | Director | 2000-12-22 | 2002-11-18 |
| TOMINEY, Bernard Christopher | Director | 1999-11-26 | 2000-05-05 |
| VINCENT, Stephen Mark | Director | 2002-11-18 | 2011-08-13 |
| WATNEY, John Adrian | Director | 2001-01-11 | 2002-11-18 |
| WESTCOTT, Keith | Director | 2002-11-18 | 2004-01-31 |
| WILLIAMS, Philip John | Director | 2001-01-11 | 2002-11-18 |
| DEANSGATE COMPANY FORMATIONS LIMITED | Corporate Nominee Director | 1999-11-19 | 1999-11-19 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Richard Miller | Individual | Significant influence | 2016-10-09 | Active |
| Mr Philip Thomas Cole | Individual | Significant influence | 2016-04-06 | Ceased 2019-02-18 |
| Mr Oliver Robert Stewart Tucker | Individual | Significant influence | 2016-04-06 | Active |
| Wireless Logic Group Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 173 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-09-18 CC04 Statement of companys objects
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-08 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-01-16 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-12-21 | AA | accounts | Accounts with accounts type full | |
| 2025-12-12 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-10-07 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-09-18 | CC04 | change-of-constitution | Statement of companys objects | |
| 2025-09-03 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-06-24 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-06-24 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-06-24 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-06-24 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-06-24 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-06-24 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-06-24 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-05-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-01 | AD03 | address | Move registers to sail company with new address | |
| 2025-04-30 | AD02 | address | Change sail address company with new address | |
| 2025-01-07 | AA | accounts | Accounts with accounts type full | |
| 2024-05-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-15 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 16
- 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.