Risk Analysis: THE TECH GAME LTD. (07701903)

1. Risk Rating: HIGH

The company carries HIGH risk primarily due to its dissolved status and the composition of its balance sheet, where approximately 99.6% of stated net assets (£1.5M of £1.507M) derive from a revaluation reserve and called-up unpaid share capital rather than realizable operating assets. Cash reserves are critically low at £5,915, the company reports zero employees, and no revenue or trading activity is discernible from the filed accounts.

2. Key Concerns

Concern 1: Dissolved Company Status

The company is recorded as dissolved with a dissolution date of 2026-08-04. A dissolved entity cannot trade, enter into new contracts, or enforce debts. Any investment consideration is effectively moot—the company has ceased to exist as a going concern. Creditors or parties with outstanding claims would need to apply for restoration to pursue remedies.

Concern 2: Asset Quality and Composition

The £1,506,862 in net assets is misleading upon examination: - Called-up share capital not paid: £1,500,000 — This is a receivable from shareholders who have not yet paid for their shares. This is not a realizable asset in any practical sense; it represents money the company is owed by its own shareholders. - Revaluation reserve: £1,500,000 — This exactly matches the called-up unpaid amount, suggesting the revaluation relates to the same underlying arrangement rather than an independent property or asset revaluation. - Tangible assets: Only £947 (net book value after depreciation) - Cash: £5,915

Stripping out the unpaid share capital receivable, the company's operating assets total approximately £6,862.

Concern 3: No Evidence of Trading Activity

• Zero employees reported for both 2024 and 2025
• No revenue or cost figures disclosed (abridged accounts with P&L not filed)
• P&L reserve remains negative at (£849), only marginally improved from (£22,620) in 2024
• Cash declining steadily: from £36,074 (2021) → £5,915 (2025), an 84% reduction over four years

This pattern is consistent with a dormant or quasi-dormant shell company incurring only administrative costs.

3. Positive Indicators

Limited positives exist, but worth noting:

• No current liabilities disclosed on the balance sheet, suggesting no pressing creditor claims
• Filing compliance is current — accounts and confirmation statements are up to date with no overdue filings
• P&L reserve trending positively — improved from (£40,543) in 2018 to (£849) in 2025, though this improvement is modest and may simply reflect the absence of trading losses rather than operational profitability
• Four directors listed, suggesting some governance structure, though this is inconsistent with zero employees

4. Due Diligence Notes