FRESHWAVE SERVICES LIMITED
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Cash
£1.9m
+893.5% highest in 3 filed years
Net assets
-£7.9m
-169.2% lowest in 3 filed years
Employees
117
+3.5% highest in 3 filed years
Profit before tax
-£21m
-28.3% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
3-year trend · vs Telecommunications median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £13,250,767 | £13,602,824 | £15,676,866 | +15.2% | |
| Operating profit | -£12,919,821 | -£16,298,756 | -£20,907,939 | -28.3% | |
| Profit before tax | -£12,901,391 | -£16,284,996 | -£20,890,671 | -28.3% | |
| Net profit | -£12,901,391 | -£16,284,996 | -£19,264,194 | -18.3% | |
| Cash | £164,041 | £188,502 | £1,872,759 | +893.5% | |
| Total assets less current liabilities | £30,754,866 | £15,493,491 | -£3,116,452 | -120.1% | |
| Net assets | £27,670,071 | £11,385,075 | -£7,879,119 | -169.2% | |
| Equity | £27,670,071 | £11,385,075 | -£7,879,119 | -169.2% | |
| Average employees | 115 | 113 | 117 | +3.5% | |
| Wages | £6,431,306 | £6,956,224 | £7,274,739 | +4.6% | |
| Directors' remuneration | £1,290,240 | £1,434,834 | £1,208,545 | -15.8% |
Values shown as filed in the company's annual accounts. — 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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | -97.5% | -119.8% | -133.4% | |
| Net margin | -97.4% | -119.7% | -122.9% | |
| Return on capital employed | -42.0% | -105.2% | — | |
| Gearing (liabilities / total assets) | 26.4% | 73.2% | 115.6% | |
| Current ratio | 1.72x | 0.47x | 0.36x |
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
- FRESHWAVE SERVICES LIMITED 2020-11-04 → present
- IWIRELESS SOLUTIONS LTD 2007-05-31 → 2020-11-04
- PM D&B LIMITED 2006-09-20 → 2007-05-31
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- RSM UK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have prepared detailed consolidated future cash flow forecasts to June 2027 for Freshwave Group Limited, the immediate parent company, which show cash outflows anticipated in the 12 months following approval of the financial statements in line with the strategic objectives of the business to invest in capital infrastructure to support future growth. The Group has secured sufficient funding to meet its obligations for the period assessed in the form of a £100M senior debt facility. Of this £40M had been drawn at the balance sheet date and a further drawdown of £10M has taken place post year-end up to the date of approval of the financial statements. The directors have satisfied themselves that the Group will meet the draw-down conditions required to access the remaining £50M and have complied with the requirements of the facility both during the year and since the year-end. As such, the directors have determined that the going concern basis is appropriate.”
Significant events
- “Freshwave Wifi Limited has entered voluntary liquidation. As a result, control has passed to the liquidators and the company ceased to be a subsidiary.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BENNETT, Thomas Lesley | Director | 2023-11-14 | Jan 1970 | British |
| FRUMKIN, Simon Leslie Elliot | Director | 2020-11-01 | Aug 1970 | English |
| JACKSON, Mark Adam | Director | 2026-01-26 | Dec 1982 | British |
| PAYNE, Graham | Director | 2019-04-11 | Jan 1962 | British |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MONDAIR, Angela Rita | Secretary | 2018-04-20 | 2019-04-11 |
| MONDAIR, Angela | Secretary | 2006-09-20 | 2018-01-31 |
| FRANKLIN, Peter Mark | Director | 2024-05-08 | 2025-05-31 |
| GILSON, Peter | Director | 2023-11-14 | 2026-01-26 |
| MILLER, Neil Eldridge | Director | 2021-03-01 | 2024-01-24 |
| MONDAIR, Angela Rita | Director | 2018-09-01 | 2019-04-11 |
| MONDAIR, Angela Rita | Director | 2011-05-05 | 2018-01-31 |
| MONDAIR, Kalvinder Roy | Director | 2007-07-31 | 2013-05-31 |
| MONDAIR, Ravinder Paul | Director | 2019-03-19 | 2021-12-25 |
| MONDAIR, Ravinder Paul | Director | 2006-09-20 | 2017-03-09 |
| MONDAIR, Tiana Aimee | Director | 2017-03-09 | 2019-04-11 |
| WOOLF, Maurice Mark | Director | 2021-03-01 | 2023-11-14 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Digitalbridge Group, Inc. | Corporate entity | Significant influence | 2022-06-08 | Active |
| Mr. Jeffrey Ginsberg | Individual | Significant influence | 2019-04-11 | Ceased 2022-06-08 |
| Jeffrey Ginsberg | Individual | Significant influence | 2019-04-11 | Ceased 2021-03-09 |
| Freshwaves Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-04-11 | Ceased 2019-04-11 |
| Miss Tiana Aimee Mondair | Individual | Shares 50–75% | 2017-03-09 | Ceased 2019-04-11 |
| Mrs Angela Rita Mondair | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2019-04-11 |
| Mr Ravinder Paul Mondair | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2016-09-01 |
Filing timeline
Last 20 of 106 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-01 | AA | accounts | Accounts with accounts type full | |
| 2026-03-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-26 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-26 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-12 | AA | accounts | Accounts with accounts type full | |
| 2025-06-12 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-19 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-10-22 | AA | accounts | Accounts with accounts type full | |
| 2024-05-08 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-26 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-03 | AA | accounts | Accounts with accounts type full | |
| 2023-11-23 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-23 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-23 | TM01 | officers | Termination director company with name termination date | |
| 2023-05-22 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-03-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-03-15 | CH01 | officers | Change person director company with change date | |
| 2022-12-05 | AA | accounts | Accounts with accounts type small |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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.