Greenwave NZ Research Limited — Environment Charity in Wellington

Greenwave NZ Research Limited is a Company charity in the Environment sector, based in Wellington, Wellington. CharityData rates this charity A- (86.5/100). Annual revenue: $2.5M NZD. Financial data as at March 2025.

Mission: Greenwave NZ Research Limited is adapting seaweed farming best practice for NZ’s local species and conditions. To achieve this, its mission includes hatchery and seeding, farm design and installation, harvesting and post-harvest logistics for the emerging seaweed sector in NZ.

Registration Number
CC61397
Charity Type
Company
Registration Date
2023-03-07
Status
Active
CharityData Rating
A- (86.5/100)
Sector
Environment
Location
Wellington, Wellington
Data as at
March 2025

Financial Summary

Total Revenue
$2.5M NZD
Total Expenses
$2.5M NZD
Total Assets
$1.9M NZD
Net Assets
$0.9M NZD
Reserve Months
7.7 months of operating expenses
Staff Count
2
Volunteers
0
Financial Year End
2025-03-31

Financial History

YearRevenueExpensesNet Assets
2025$2.5M$2.5M$0.9M
2024$2.6M$1.9M$0.9M

CharityData Rating

Overall Grade
A-
Overall Score
86.5/100
Financial Score
100
Governance Score
55
Transparency Score
65

Board Members and Officers

Current Officers (3)

NameRoleAppointed
Scott MoranTrustee of Shareholder2023-03-07
David PlummerTrustee of Shareholder2023-02-07
Nigel BradlyDirector2021-10-01

Similar Charities in Environment

EnvironmentCompany

Greenwave NZ Research Limited

CC61397Wellington, WellingtonRegistered 7 Mar 2023
Data updated: 1 Nov 2026
Financials31 Mar 2025Rating1mo ago

Financial data as at March 2025. Sourced from Charities Services register.

A-
87/100
Financial
100
Governance
55
Transparency
65

Reasons to look carefully (1)

These structural observations are drawn from public data and are worth considering before a donation. They are not allegations of wrongdoing, and they don’t affect the charity’s letter grade.

  • No chair recorded on the register
    No chair or presiding role is recorded in the register for this board of 3. The Charities Register does not require one to be identified, so this is a gap in the public record rather than a finding about the board.

Each signal is a data-driven observation, not a judgement. They fire automatically from the figures filed with Charities Services. A charity can address any of these by filing fuller disclosure or updating its officer register. Methodology: /about/methodology/concern-signals.

Revenue

$2.5M

Expenses

$2.5M

Assets

$1.9M

Staff

2

Financial data from Charities Services annual return (FY2025). Ratings calculated using CharityData v3.1.1 methodology.

About

Mission

Greenwave NZ Research Limited is adapting seaweed farming best practice for NZ’s local species and conditions. To achieve this, its mission includes hatchery and seeding, farm design and installation, harvesting and post-harvest logistics for the emerging seaweed sector in NZ.

Key Statistics

Annual Revenue
$2.5M
Total Expenses
$2.5M
Net Assets
$868.7K
Staff
2
employees
Volunteers
0

Financial Trends

Financial Trends (2 Years)

Revenue Breakdown

Expense Breakdown

API Data

Based on annual return data. Detailed program/admin breakdown not available.

Financial Health Dashboard

Cents to the Cause
100c
For every $1 spent, 100c reaches programs
Strong
Sustainability
7.7mo
Could operate 7.7 months with zero revenue
Healthy
Fundraising Cost
-
No fundraising data
No data

Based on latest annual return data. Metrics are calculated from reported financial data and may not reflect the full picture. View methodology

Revenue Diversification

38
Score /100
Concentrated
HHI: 6,230
Other74.8%
Government Grants25.2%

HHI (Herfindahl–Hirschman Index) measures concentration across 6 income categories. Lower HHI = more diversified. Score above 60 indicates healthy diversification.

Peer Comparison

Ranked against 56 peers · Environment · $1M – $10M

Rating Score
87
#10/57
Revenue
$2.5M
#21/57
Reserve Months
7.7
#1/57
Surplus
$16K
#40/57
Staff Cost %
2%
#57/57

Peers are charities in the same sector and revenue size band. Rankings are based on the latest available data.

Rating

A-
Score: 86.5/100
Financial
100
Governance
55
Transparency
65
Why this grade: Financial 100 × 40% + Governance 55 × 60% = 73 → A-.
View Full Score Breakdown

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Latest Audit

FY2025
Clean

Contact Details

Address
Wellington, Wellington

Registration

Registration NumberCC61397
Entity TypeCompany
Registered7 Mar 2023
StatusRegistered

Companies Office

StatusRegistered
Entity TypeNZ Limited Company
Incorporated1 Oct 2021
Company #8241375
Registered office
Level 1, 40 Lady Elizabeth Lane, Wellington Central, Wellington, 6011

Sector & Activities

Primary Sector
Environment

Data sourced from Charities Services register and publicly available annual returns. Our datasets may not be complete. Automated analysis can produce errors. Scores are calculated using disclosed methodology and are analytical tools, not investment ratings or recommendations. If you believe any data on this page is incorrect, please contact us at hello@charitydata.co.nz. For informational purposes only. Not investment advice.