GREEN WAVE TECH LTD

Executive Summary

GREEN WAVE TECH LTD is a micro-entity with negative equity and minimal assets, signaling high solvency and liquidity risk. While regulatory compliance is current and the business structure is simple, operational viability appears limited given zero staff and low asset levels. Further investigation into management changes, liabilities, and the company’s actual trading status is recommended before considering investment.

GREEN WAVE TECH LTD - Analysis Report

Company Number: 14540193

Analysis Date: 2025-07-20 16:47 UTC

1. Risk Rating: HIGH
   Justification: The company shows negative net assets (£-90) with minimal current assets (£160) and no employees, indicating a potentially non-operational or very early-stage business with very limited financial resources. The negative equity position coupled with accruals and deferred income exceeding current assets suggests potential solvency and liquidity risks.

2. Key Concerns:

• Negative net assets and shareholders’ funds indicate the company is currently insolvent on a balance sheet basis.
• Extremely low current assets (only £160) with no employees raises questions about operational capacity and sustainability.
• Recent changes in directors and significant control with overlapping ownership/control may pose governance risks or reflect instability in management.

3. Positive Indicators:

• Company is current with statutory filings (accounts and confirmation statement are up to date) indicating compliance with regulatory requirements.
• No overdue accounts or confirmation statements, reducing immediate regulatory risk.
• The company is categorized as a micro entity, limiting reporting complexity and potentially reflecting a simple business structure.

4. Due Diligence Notes:

• Investigate the nature of the accruals and deferred income of £250 to understand liabilities and timing of cash outflows.
• Clarify business operations given zero employees and minimal current assets – is the company trading or dormant in practice despite active status?
• Review the reasons behind director resignations and appointments within a short timeframe to assess management stability.
• Confirm the effect and rationale for the recent name change from AAHAA SERVICES LTD to GREEN WAVE TECH LTD and whether it reflects a change in business model or ownership.
• Assess any additional off-balance-sheet liabilities or contingent risks not disclosed in the micro-entity accounts.