WAVEMAKER GLOBAL LIMITED

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

• Turnover

  +9.4%

  £35,410,000 → £38,726,000

• Cash

  +55.8%

  £911,000 → £1,419,000

• Net assets

  -0.8%

  -£53,258,000 → -£53,706,000

• Employees

  -10.6%

  180 → 161

• Operating profit

  +87%

  -£4,102,000 → -£534,000

• Profit before tax

  +51.5%

  -£6,435,000 → -£3,122,000

• Wages

  -10.1%

  £22,266,000 → £20,022,000

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

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.

1. WAVEMAKER GLOBAL LIMITED 2017-12-01 → present
2. MEDIAEDGE:CIA INTERNATIONAL LIMITED 2003-01-09 → 2017-12-01
3. RED CELL NETWORK LIMITED 2001-01-05 → 2003-01-09
4. CHALFONT TELECOMMUNICATIONS LIMITED 2000-09-26 → 2001-01-05

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After making enquiries, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for at least the next 12 months from the date of signing the financial statements. Additionally, the Company is a subsidiary of WPP plc and is supported by the overall WPP plc financing arrangements. The Company has received a letter of support from WPP Jubilee Limited, an intermediate parent entity, to provide adequate financial support to the Company for a period of no less than 12 months from the date of this financial report to enable the Company to meet its debts as and when they fall due. The Directors therefore continue to adopt the going concern basis of accounting in preparing the financial statements.”

Significant events

• “Except for the matter identified in note 11 relating to the identification of distribution which may have arisen otherwise than in accordance with the Companies Act 2006, there have been no significant events affecting the Company since the year end.”
• “Subsequent to the year ended 31 December 2024, the Company has reassessed its surrender of losses for group relief arising in 2024 and prior years in light of becoming aware of circumstances where a distribution may have taken place otherwise than in accordance with UK company law. As of the date of these financial statements, the Company is in the process of establishing an appropriate level of distributable reserves through a capital injection and subsequent capital reduction as the Company's immediate parent intends to subscribe for 1,000 additional ordinary shares for a consideration of £55,000,000, resulting in the Company having £1,001 ordinary shares and share premium of £54,999,000. The Company will then reduce the nominal value of its ordinary shares to £0.001 per share, and cancel the total value of its share premium, resulting in an increase to its retained earnings of £54,999,999. These actions were not taken as at 31 December 2024 or at the time of approving these financial statements, there have been no accounting entries reflected within these financial statements and the Company is expected to complete the remediation plan in 2026 before the finalisation of the 31 December 2025 financial statements.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.