TECHWARE LIMITED

Executive Summary

TECHWARE LIMITED is an early-stage private limited company with a negative net asset position and marginally insufficient working capital, indicating high solvency and liquidity risk. While it remains compliant with filing obligations, its lack of employees and operational data suggests limited current trading activity. Investors should conduct thorough due diligence on the company’s business model, funding sources, and director capacity before considering involvement.

TECHWARE LIMITED - Analysis Report

Company Number: 15239290

Analysis Date: 2025-07-20 17:50 UTC

1. Risk Rating: HIGH
   The company exhibits a high risk profile primarily due to its negative net asset position, minimal current assets relative to liabilities, and lack of operational history beyond its recent incorporation.

2. Key Concerns:

• Negative Net Assets: The balance sheet shows net liabilities of £27, indicating the company’s liabilities exceed its assets, which is a solvency red flag.
• Insufficient Working Capital: Current liabilities (£906) exceed current assets (£878), resulting in negative net current assets (-£28), suggesting potential liquidity constraints.
• No Employees and Limited Operating History: Incorporated less than a year ago with no employees and no fixed assets, indicating the business may not yet be operational or generating revenue, which challenges operational sustainability.

3. Positive Indicators:

• Compliance with Filing Requirements: The company is current with its accounts and confirmation statement filings, demonstrating regulatory compliance and governance awareness.
• Sole Director and PSC Alignment: Single director and person with significant control (PSC) is the same individual, which simplifies decision-making and accountability.
• Industry Classification: The SIC codes (computer repair, IT services, software publishing) are in a sector with growth potential, though this is only a strategic observation.

4. Due Diligence Notes:

• Verify the nature and status of the business operations, including revenue generation, contracts, and customer base, given the absence of employees and fixed assets.
• Investigate the reasons for the negative net asset position—consider whether initial capital contributions or short-term liabilities explain this and any plans to rectify it.
• Review director’s background and financial support capacity, as the company appears to be in a nascent stage and may require further funding to remain solvent.
• Confirm any related party transactions or loans not reflected in the micro-entity accounts that could affect liquidity or solvency.