THE OPEN WORLD TECHNOLOGY GROUP LIMITED

Executive Summary

The Open World Technology Group Limited demonstrates a high risk profile due to persistent negative net assets and severe liquidity shortfalls. Despite compliance with filing requirements, the company's financial position raises concerns about its ability to continue as a going concern without intervention. Further investigation into its trading status and liabilities is warranted before considering investment.

THE OPEN WORLD TECHNOLOGY GROUP LIMITED - Analysis Report

Company Number: 13063819

Analysis Date: 2025-07-20 13:22 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency and liquidity concerns, with net current liabilities exceeding £111k and negative shareholders’ funds of nearly £97k as of the latest accounts. The persistent and increasing net liabilities over the last four years highlight an ongoing financial strain.

2. Key Concerns:

• Solvency Risk: The company’s net liabilities stand at -£96,875, indicating that total liabilities exceed assets, which jeopardizes its ability to meet long-term obligations.
• Liquidity Concerns: Cash on hand is extremely low (£260), and current liabilities are over £111k, resulting in a working capital deficit of -£111,129. This raises serious questions about short-term cash flow and operational viability.
• Operational Sustainability: The company has maintained only one employee on average, with minimal turnover disclosed, and the business operates in "Other cleaning services" (SIC 81299), but there is no turnover or profit information provided, suggesting limited or no trading activity.

3. Positive Indicators:

• The company is up to date with statutory filings (accounts and confirmation statements) and is not in liquidation or administration. This compliance reduces the immediate regulatory risk.
• Directors have remained consistent since incorporation, indicating no recent governance disruptions.
• Tangible fixed assets (£14,254) provide some asset backing, although small relative to liabilities.

4. Due Diligence Notes:

• Investigate the nature and cause of the significant current liabilities (£111,451) and whether these are overdue or subject to any repayment arrangements.
• Review trading activity and turnover, as absence of revenue data or profit/loss accounts limits assessment of operational performance.
• Assess director plans or measures for financial restructuring or capital injection to improve solvency and liquidity.
• Confirm whether there are any contingent liabilities or related party transactions that could impact financial stability.
• Verify if there are any ongoing disputes, creditor actions, or impending insolvency risks not disclosed in the accounts.