FRESHWAVE SERVICES 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

  +2.7%

  £13,250,767 → £13,602,824

• Cash

  +14.9%

  £164,041 → £188,502

• Net assets

  -58.9%

  £27,670,071 → £11,385,075

• Employees

  -1.7%

  115 → 113

• Operating profit

  -26.2%

  -£12,919,821 → -£16,298,756

• Profit before tax

  -26.2%

  -£12,901,391 → -£16,284,996

• Wages

  +8.2%

  £6,431,306 → £6,956,224

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. FRESHWAVE SERVICES LIMITED 2020-11-04 → present
2. IWIRELESS SOLUTIONS LTD 2007-05-31 → 2020-11-04
3. PM D&B LIMITED 2006-09-20 → 2007-05-31

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 2026 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 which £40M had been drawn at the balance sheet date. The directors have satisfied themselves that the Group will meet the draw-down conditions required to access the remaining £60M. The Group also benefits from an irrevocable commitment to subscribe for incremental Series A shares. As such, the directors have determined that the going concern basis is appropriate.”

Group structure

1. FRESHWAVE SERVICES LIMITED · parent
   1. Freshwave Wifi Limited 100% · United Kingdom · Dormant

Significant events

• “The Company has issued a guarantee secured by fixed and floating charges over its assets in respect of a loan undertaken by its parent company totalling £40,000,000 at 31 December 2024 (2023: No such guarantee).”
• “Freshwave Wifi Limited entered into a voluntary liquidation process on 9 April 2024.”

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

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

2

last 12 months

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