NEW WAVE CAPITAL LIMITED
Get an alert when NEW WAVE CAPITAL LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-06-28 (in 1mo)
Last made up 2025-06-14
Watchouts
None on the register
Cash
£231M
+118.9% vs 2024
Net assets
-£23M
+51% vs 2024
Employees
670
+17.1% vs 2024
Profit before tax
£31M
+302.8% vs 2024
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £312,523,000 | £450,187,000 | |
| Operating profit | £64,938,000 | £132,886,000 | |
| Profit before tax | -£15,471,000 | £31,373,000 | |
| Net profit | -£16,841,000 | £22,658,000 | |
| Cash | £105,481,000 | £230,933,000 | |
| Total assets less current liabilities | £898,579,000 | £1,283,507,000 | |
| Net assets | -£47,074,000 | -£23,082,000 | |
| Equity | -£47,074,000 | -£23,082,000 | |
| Average employees | 572 | 670 | |
| Wages | £34,846,000 | £39,685,000 | |
| Directors' remuneration | £516,000 | £870,000 |
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 2025-03-31 vs 2024-03-31
-
Turnover
+44%
£312,523,000 £450,187,000
-
Cash
+118.9%
£105,481,000 £230,933,000
-
Net assets
+51%
-£47,074,000 -£23,082,000
-
Employees
+17.1%
572 670
-
Operating profit
+104.6%
£64,938,000 £132,886,000
-
Profit before tax
+302.8%
-£15,471,000 £31,373,000
-
Wages
+13.9%
£34,846,000 £39,685,000
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | 20.8% | 29.5% | |
| Net margin | -5.4% | 5.0% | |
| Return on capital employed | 7.2% | 10.4% | |
| Gearing (liabilities / total assets) | 105.0% | 101.7% | |
| Current ratio | 20.24x | 18.00x | |
| Interest cover | 0.76x | 1.29x |
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.
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the Directors have a reasonable expectation that the Company and Group has adequate resources to continue in operational existence for at least 12 months following the approval of these financial statements and into the future. Thus, the Directors continue to adopt the going concern basis of accounting in preparing the financial statements.”
Group structure
- NEW WAVE CAPITAL LIMITED · parent
- Westbourne 2016-3 Limited 100%
- Westbourne 7 Limited 100%
- Westbourne 8 Limited 100%
- NWC USA Group Limited 100%
- London Cards No.1 Plc 100%
- London Cards No.2 Plc 100%
- OnTap Loan Note Issuer Limited 100%
- OnTap Receivables Trustee Limited 100%
- London Cards Master Issuer Plc 100%
- Capital On Tap Iberia sl 100%
- New Wave Card LP 100%
- Shoreditch 1 LP 100%
- Shoreditch 2 LP 100%
- NWCO GP LLC 100%
- NWC USA Operations LP 100%
- NWCS GP 1 LLC 100%
- NWCS GP 2 LLC 100%
Significant events
- “On 2 May 2025, the Company refinanced two facilities, Westbourne 2016-3 Limited and Westbourne 8 Limited, as part of a wider group re-financing review and a full redemption of the Notes payable occurred.”
- “On 22 May 2025, the Company refinanced one of its US facilities, Shoreditch No.1 LP, as part of a wider group re-financing review and a full redemption of the Notes payable occurred.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ELEMENTAL COMPANY SECRETARY LIMITED | Corporate Secretary | 2024-07-01 | — | — |
| BRYCHCY, Damian | Director | 2024-01-22 | Jul 1987 | Polish |
| FAILLACE, Anthony | Director | 2017-06-21 | Mar 1964 | American |
| KARIBIAN, George Vahak | Director | 2012-03-01 | Sep 1964 | British |
| LUCK, David Evan | Director | 2012-12-12 | Mar 1983 | American |
| ROBERTO, Andrew Joseph | Director | 2020-10-06 | Mar 1986 | American |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FILEX SERVICES LIMITED | Corporate Secretary | 2012-03-01 | 2024-07-01 |
| CLAYDON, Katherine Maria | Director | 2012-02-22 | 2012-03-01 |
| FARRARONS, Juan Sebastien | Director | 2012-03-01 | 2024-01-22 |
| LUCK, David Evan | Director | 2014-02-11 | 2014-02-11 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Anthony Faillace | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Active |
Filing timeline
Last 20 of 142 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-12-02 RESOLUTIONS Resolution
- 2025-12-02 MA Memorandum articles
- 2025-10-09 RESOLUTIONS Resolution
- 2025-10-09 MA Memorandum articles
- 2025-10-06 RESOLUTIONS Resolution
- 2025-10-06 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-07 | SH03 | capital | Capital return purchase own shares | |
| 2025-12-30 | SH06 | capital | Capital cancellation shares | |
| 2025-12-24 | SH06 | capital | Capital cancellation shares | |
| 2025-12-19 | AA | accounts | Accounts with accounts type group | |
| 2025-12-02 | RESOLUTIONS | resolution | Resolution | |
| 2025-12-02 | MA | incorporation | Memorandum articles | |
| 2025-10-09 | RESOLUTIONS | resolution | Resolution | |
| 2025-10-09 | MA | incorporation | Memorandum articles | |
| 2025-10-06 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2025-10-06 | SH20 | capital | Legacy | |
| 2025-10-06 | CAP-SS | insolvency | Legacy | |
| 2025-10-06 | RESOLUTIONS | resolution | Resolution | |
| 2025-10-06 | RESOLUTIONS | resolution | Resolution | |
| 2025-10-03 | SH01 | capital | Capital allotment shares | |
| 2025-06-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-06-17 | CH01 | officers | Change person director company with change date | |
| 2025-06-17 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-05-06 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-05-06 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-05-06 | MR04 | mortgage | Mortgage satisfy charge full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 6
- 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.