RELAYWARE LTD

1. RELAYWARE LTD 2010-08-24 → present
2. FOUNDATION NETWORK LIMITED 1997-03-10 → 2010-08-24

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102 §1A

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Forvis Mazars

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis. The Company made a net loss of £771,449 for the year ended 31 December 2024 (2023: £1,901,080). As at that date, the net liabilities position of the Company amounted to £7,539,696 (2023: £7,044,733). The net liabilities position is largely driven by the net amount owed to the related parties of £7,245,422 (2023: £6,482,417). The related parties have agreed to defer the commencement of principal repayments until such time that the Company reaches commercial profitability. The Company remains assured of the financial support by the parent company. The Directors have received confirmation that the parent company will continue to support the Company and provide it with adequate funds when necessary to enable it to meet its debts as they fall due for a period of at least twelve months from the date of approval of these financial statements. On this basis, the Directors consider it appropriate to prepare the financial statements on a going concern basis.”

Group structure

1. RELAYWARE LTD · parent
   1. Relayware Inc 100% · USA

Significant events

• “There have been no significant events affecting the Company since the year end.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -17.1%

  £1,167,058 → £967,472

  lowest in 3 filed years

• Cash

  +100%

  £61,970 → £123,931

• Net assets

  -7%

  -£7,044,733 → -£7,539,696

  lowest in 3 filed years

• Employees

  -20.7%

  29 → 23

  lowest in 3 filed years

• Operating profit

  +59.4%

  -£1,900,934 → -£771,449

  highest in 3 filed years

• Profit before tax

  +59.4%

  -£1,901,080 → -£771,449

  highest in 3 filed years

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers