CREST EXPERIENCES LIMITED
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Next accounts due
2026-02-28
Overdue
Confirmation statement due
2026-03-03
Overdue
Watchouts
Cash
£2M
Latest balance sheet
Net assets
£6M
Equity attributable
Employees
172
Average over period
Profit before tax
-£5M
Period ending 2024-02-28
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Annual accounts overdue
Due 2026-02-28.
-
Confirmation statement overdue
Due 2026-03-03.
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
7-year trend · vs Consumer Discretionary median
Accounts
7-year trend · latest reflected 2024-02-28
| Metric | Trend | 2018-12-01 | 2019-11-27 | 2019-11-28 | 2020-11-25 | 2021-11-24 | 2022-11-30 | 2024-02-28 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | £8,391,921 | £9,467,474 | |
| Operating profit | — | — | — | — | — | -£4,307,410 | -£3,300,463 | |
| Profit before tax | — | — | — | — | — | -£6,218,323 | -£4,567,677 | |
| Net profit | — | -£927,233 | — | -£1,535,560 | -£1,695,452 | -£5,899,667 | -£4,711,788 | |
| Cash | — | £383,208 | — | £2,498,352 | £1,783,020 | £3,117,379 | £1,655,312 | |
| Total assets less current liabilities | — | £5,391,698 | — | £13,811,231 | £11,251,298 | £23,810,926 | £20,753,405 | |
| Net assets | — | — | — | — | — | £9,476,983 | £5,926,229 | |
| Equity | £6,147,692 | £5,220,459 | £5,220,459 | £9,186,523 | £7,493,855 | £9,476,983 | £5,926,229 | |
| Average employees | — | 36 | — | 14 | 14 | 217 | 172 | |
| Wages | — | — | — | — | — | £3,760,839 | £4,023,973 | |
| Directors' remuneration | — | — | — | — | — | £417,778 | £626,137 |
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
FY2022 → FY2024 · period ending 2024-02-28 vs 2022-11-30
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2018-12-01 | 2019-11-27 | 2019-11-28 | 2020-11-25 | 2021-11-24 | 2022-11-30 | 2024-02-28 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | -51.3% | -34.9% | |
| Net margin | — | — | — | — | — | -70.3% | -49.8% | |
| Return on capital employed | — | — | — | — | — | -18.1% | -15.9% | |
| Current ratio | — | — | — | — | — | 0.95x | 0.39x | |
| Interest cover | — | — | — | — | — | -2.25x | -2.60x |
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
- CREST EXPERIENCES LIMITED 2025-09-09 → present
- THE WAVE GROUP LIMITED 2017-09-21 → 2025-09-09
- WE SURF LIMITED 2017-01-26 → 2017-09-21
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Bishop Fleming LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have assessed the current trading conditions and group liquidity and concluded that the company has adequate resources to continue to operate for at least the next twelve months from the date of signing of the accounts. On this basis, the directors have prepared the financial statements on a going concern basis.”
Group structure
- CREST EXPERIENCES LIMITED · parent
- The Wave Group (Midco) Limited 100%
- The Wave London Limited 100%
- The Wave Flux Capacitor Limited 100%
- The Wave Productions Limited 100%
- Surf Bristol Limited 100%
- Wavescapes Limited 100%
Significant events
- “FY24 has been extended to a 15-month period so that future reporting years better match the trading patterns of the business.”
- “During FY24, The Wave Group Limited raised a £1.15m through sale of shares to fund improvements to the digital customer journey, investment in floodlights, and other enhancements to the Bristol site.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| QUAYSECO LIMITED | Corporate Secretary | 2018-05-23 | — | — |
| CHERINGTON, Elliott Arthur | Director | 2023-11-01 | Feb 1984 | British |
| COACHAFER, Andrew | Director | 2023-03-16 | Oct 1982 | British |
| GEARY, Hazel Joy | Director | 2023-07-31 | Aug 1982 | British |
| TAMBERLIN, Layton Gwyn | Director | 2022-05-10 | Aug 1976 | British |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| WHITE, Esther | Secretary | 2017-01-26 | 2018-05-23 |
| ASHESHOV, Nick | Director | 2017-04-04 | 2022-09-20 |
| COLEY, Susan Gaynor | Director | 2018-06-19 | 2022-09-20 |
| DHANANI, Rahim Alnur | Director | 2022-05-10 | 2025-12-23 |
| HOUNSFIELD, Nicholas James | Director | 2020-11-19 | 2025-04-28 |
| HOUNSFIELD, Nicholas James | Director | 2017-01-26 | 2020-05-20 |
| SANDERS, Richard Barry | Director | 2022-05-10 | 2026-01-30 |
| SHEARER, Iain Lawrie | Director | 2018-06-19 | 2022-09-20 |
| STODDART, Craig William | Director | 2017-01-26 | 2023-01-19 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Crest Bidco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-05-10 | Active |
| Jar Wave Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2018-06-19 | Ceased 2025-07-07 |
| Mr Nicholas James Hounsfield | Individual | Shares 25–50%, Voting 25–50% | 2017-03-23 | Ceased 2018-06-19 |
| Mr Craig William Stoddart | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-01-26 | Ceased 2017-03-23 |
Filing timeline
Last 20 of 111 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-04-24 RESOLUTIONS Resolution
- 2026-03-28 RP04SH01 Legacy
- 2025-09-09 CERTNM Certificate change of name company PDF
- 2025-07-24 MA Memorandum articles
- 2025-07-24 RESOLUTIONS Resolution
- 2024-02-03 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-24 | RESOLUTIONS | resolution | Resolution | |
| 2026-03-28 | RP04SH01 | change-of-name | Legacy | |
| 2026-02-12 | SH01 | capital | Capital allotment shares | |
| 2026-02-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-23 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-31 | SH01 | capital | Capital allotment shares | |
| 2025-09-09 | CERTNM | change-of-name | Certificate change of name company | |
| 2025-08-11 | SH01 | capital | Capital allotment shares | |
| 2025-07-24 | MA | incorporation | Memorandum articles | |
| 2025-07-24 | RESOLUTIONS | resolution | Resolution | |
| 2025-07-21 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-07-21 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-07-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-07-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-05-05 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-03 | AA | accounts | Accounts with accounts type group | |
| 2024-02-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-02-03 | RESOLUTIONS | resolution | Resolution | |
| 2024-02-01 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 15
- Capital events
- 3
- Officers appointed
- 0
- Officers resigned
- 2
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.