MIDWAY ELECTRONICS LTD
Company number 07021902 · Monitor this company
Executive summary
Midway Electronics Ltd presents a paradox: exceptional balance sheet strength with near-zero operational performance. The company holds £336k in net assets (97% in cash) with negligible liabilities, yet has sustained two consecutive years of losses totalling approximately £124k, eroding 27% of equity since the 2023 peak. Without a clear revenue generation strategy or formal wind-down plan, the business risks slowly consuming its reserves over the next 4-5 years. The directors must urgently clarify whether this is an active trading entity seeking new contracts or a dormant vehicle awaiting dissolution — and manage the cash accordingly.
Shareholders' funds
£336,817
Balance sheet as at 2025-12-31
What it does
The principal activity of the company is the provision of electronic engineering services
The company's own description, from its latest filed accounts.
Overview
- Company type
- Private Limited Company
- Incorporated
- 2009-09-17
- Employees
- 3 (2025 accounts)
- Registered office
- Dinwood Cottage, Shirenewton, Chepstow, Wales, NP16 6LS
- Postcode
- NP16 6LS
- Capital
- 100 GBP
- Accounts category
- Total Exemption Full
Accounts
- Last made up to
- 2025-12-31
- Next due by
- 2027-09-30
- Financial year end
- 31 December
Confirmation statement
- Last statement dated
- 2026-09-14
- Next due by
- 2027-09-28
Nature of business (SIC)
- 27900 Manufacture of other electrical equipment
Officers 2 current
Among its peers
Top 25%
by shareholders' funds, of 16 similar companies in NP
Trading since 2009.
Competitors Newport
This company ranks 4 among manufacture of other electrical equipment in Newport.
The class of 2009
21%
of the 315,098 companies incorporated in 2009 are still active today; 77% have since been dissolved.
A fact about the year, not a forecast for this company.