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Openwave Systems Limited

04086135

active
Private Limited Company
england wales
Companies House
Health Score
78 / 100

Some Concerns

30/30
Filing
10/30
Financial
38/40
Risk
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

SUITE 2, GROUND FLOOR, BRISTOL, BS1 6FL
Incorporated 09/10/2000

Compliance

Last accounts

31/12/2024

medium

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 22/05/2025

Due 05/06/2026

Overdue

Industry

62012
Business and domestic software development

Officers

Mr. Ulf Stigberg

director · Since 30/09/2023

CFO OF ENEA AB

SWEDISH · SWEDEN · Age 61

Mr Teemu Salmi

director · Since 01/04/2025

CEO

SWEDISH · SWEDEN · Age 53

Also on 1 other board

Persons with Significant Control

Mr Pers Anders Pontus Hermansson Lindberg

25–50% shares

Swedish · Sweden · Age 65

Suite 2, Ground Floor, Templeback,10 Temple Back, Bristol, BS1 6FL

Notified 01/03/2022

Former PSCs

Mr David Mcgovern

Ceased 06/04/2018

Mr Per Anders Pontus Hermansson Lindberg

Ceased 22/08/2019

Charges1 outstanding

Charge
outstanding

HSBC INNOVATION BANKING

Created 18/06/2024Registered 08/07/2024

CompanyRankvs 99+ SIC 62012 peers
70

Financial strength100th percentile among SIC peers · 25/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 33.93× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength25/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

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 co

Key FinancialsYear ending 31/12/2024

Turnover

£6.5M

Annual revenue

Net Worth

£16.0M

Balance sheet strength

Cash

£133k

Cash in the bank

Profit Before Tax

£383k

Bottom line earnings

Net Current Assets

£16.0M

Working capital

Current Assets

£16.5M

Current Liabilities

£485k

Fixed Assets

£182k

Debtors

£16.3M

Admin Expenses

£6.1M

Operating Profit

£383k

Profit After Tax

£818k

52avg. employees-9

People Costs

Wages & salaries£4.0M
NI contributions£431k

Balance Sheet

Assets less current liabilities£16.2M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
202433.93+£818k
202324.56

Derived from filed accounts. Not audited figures.