Sure is Mark. Nice strong solution although you may need several goes at it. Megs do a range of products that will do the job easier though. There is a Body Solvent that is like a strong meths solution, best way I can describe it, that is for that purpose. Or APC which is what I use through a foam gun, let it sit on the car then wash off. Then wash with a Schmitt and a bucket or two with washing up liquid or APC in too make sure. You can test the bodywork when you rinse, if you still have beading you still have wax and need to go again.
Hope this helps.