{"name":"MIDWAY ELECTRONICS LTD","company_number":"07021902","status":"Active","type":"Private Limited Company","incorporated":"2009-09-17","dissolved":null,"registered_office":"Dinwood Cottage, Shirenewton, Chepstow, Wales, NP16 6LS","postcode":"NP16 6LS","sic_codes":[{"code":27900,"description":"Manufacture of other electrical equipment"}],"principal_activity":"The principal activity of the company is the provision of electronic engineering services","previous_names":[],"warnings":[],"accounts":{"category":"Total Exemption Full","year_end":"31 December","last_made_up_to":"2025-12-31","next_due":"2027-09-30"},"employees":{"count":3,"accounts_date":"2025-12-31"},"financials":[{"financial_date":"2025-12-31","net_assets":336817,"cash":335854,"average_employees":3},{"financial_date":"2024-12-31","net_assets":420687,"cash":406914,"average_employees":3},{"financial_date":"2023-12-31","net_assets":460431,"cash":392317},{"financial_date":"2022-12-31","net_assets":389522,"cash":282369},{"financial_date":"2021-12-31","net_assets":323514,"cash":20587}],"officers":{"current":2,"resigned":0,"complete":true,"note":"Names and details of individual officers are on the People page (subscriber-only on this site) and free at Companies House."},"charges":{"total":0,"outstanding":0},"gazette_notices":[],"insolvency_outcome":null,"ai_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.","website":null,"links":{"page":"https://www.companiesintheuk.co.uk/ltd/midway-electronics","people":"https://www.companiesintheuk.co.uk/company/midway-electronics/people","filing_history":"https://www.companiesintheuk.co.uk/company/midway-electronics/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/07021902","financials":"https://www.companiesintheuk.co.uk/company/midway-electronics/financial","control":"https://www.companiesintheuk.co.uk/company/midway-electronics/control","ai_analysis":"https://www.companiesintheuk.co.uk/company/midway-electronics/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/midway-electronics"}