OMNIWARE LTD
Company number 15919444 · Monitor this company
This analysis was written by an AI from the company's public filings. It may contain errors or omissions and is not financial or professional advice.
OMNIWARE LTD - Analysis Report
Company Number: 15919444
Analysis Date: 2025-07-20 16:50 UTC
- Risk Rating: HIGH
Justification: The company is very recently incorporated (August 2024) and has filed only initial micro-entity accounts showing minimal financial activity and assets (£60 current assets, £9 current liabilities). There is no trading history or revenue data, no employees, and net assets are negligible (£51). This early stage with minimal financial data and scale presents a high risk profile in terms of solvency and operational stability.
- Key Concerns:
- Lack of operating history: No evidence of revenue generation or operational activity beyond nominal current assets.
- Minimal capitalization: Equity and net assets stand at only £51, which is insufficient to support meaningful business operations or absorb financial shocks.
- Single director and sole shareholder control: 100% control by one individual could concentrate risk and reduce oversight; no evidence of governance structures.
- Positive Indicators:
- Current liabilities are very low (£9), indicating limited immediate financial obligations.
- No overdue filings or compliance issues; accounts and confirmation statement are up to date.
- Micro-entity filing status reduces administrative burden, appropriate for a startup phase.
- Due Diligence Notes:
- Investigate business plan, funding sources, and expected revenue streams to assess viability.
- Confirm whether the company has commenced trading and review cash flow projections.
- Assess background and financial standing of the sole director/owner for potential support.
- Monitor subsequent filings for signs of operational progress or financial distress.
- Review contractual commitments or contingent liabilities not reflected in current accounts.
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