Relayware Ltd
03330923
Some Concerns
- Negative net worth (-10)
- Loss before tax (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 3 outstanding charges (-6)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 02/10/2025
FINANCIAL SERVICES
AUSTRIAN · ENGLAND · Age 41
Also on 1 other board
Persons with Significant Control
Former PSCs
Amadeus General Partner Limited
Ceased 18/08/2017
Charges3 outstanding
ASHGROVE CAPITAL MANAGEMENT LTD. IN ITS CAPACITY AS SECURITY AGENT FOR THE BENEFIT OF THE SECUR
ASHGROVE CAPITAL MANAGEMENT LTD. AS SECURITY AGENT AND TRUSTEE FOR THE BENEFICIARIES (AS DEFINE
ASHGROVE CAPITAL MANAGEMENT LTD. AS SECURITY AGENT FOR THE SECURED PARTIES (AS SUCH TERM IS DEF
ELM PARK CAPITAL MANAGEMENT, LLC, AS COLLATERAL AGENT FOR ITSELF AND THE OTHER SECURED PARTIES
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CompanyRankvs 64019+ SIC 62020 peers31
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company ’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Directors with respect to going c
Key FinancialsYear ending 31/12/2024
Turnover
£967k
Annual revenue
Net Worth
-£7.5M
Balance sheet strength
Cash
£124k
Cash in the bank
Profit Before Tax
-£771k
Bottom line earnings
Net Current Assets
-£7.6M
Working capital
Current Assets
£21.8M
Current Liabilities
£29.4M
Fixed Assets
£20k
Debtors
£21.7M
Cost of Sales
£690k
Gross Profit
£278k
Admin Expenses
£1.0M
Operating Profit
-£771k
Profit After Tax
-£771k
Tax at Year End
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.74 | -£495k |
| 2023 | 0.74 | — |
Derived from filed accounts. Not audited figures.