RELAYWARE LTD
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Cash
£81K
-34.7% vs 2024
Net assets
-£8.6M
-13.5% lowest in 4 filed years
Employees
23
0% vs 2024
Profit before tax
-£1M
-32.3% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
4-year trend · vs Technology median
Accounts
4-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|
| Turnover | £985,411 | £1,167,058 | £967,472 | £620,301 | -35.9% | |
| Operating profit | -£1,553,924 | -£1,900,934 | -£771,449 | -£1,019,042 | -32.1% | |
| Profit before tax | -£1,583,924 | -£1,901,080 | -£771,449 | -£1,020,342 | -32.3% | |
| Net profit | — | -£1,901,080 | -£771,449 | -£1,020,342 | -32.3% | |
| Cash | £249,273 | £61,970 | £123,931 | £80,924 | -34.7% | |
| Total assets less current liabilities | -£4,643,653 | -£7,044,733 | -£7,539,696 | -£8,560,038 | -13.5% | |
| Net assets | -£5,143,653 | -£7,044,733 | -£7,539,696 | -£8,560,038 | -13.5% | |
| Equity | -£5,143,653 | -£7,044,733 | -£7,539,696 | -£8,560,038 | -13.5% | |
| Average employees | 31 | 29 | 23 | 23 | 0% | |
| Wages | — | — | — | — | — | |
| Directors' remuneration | — | — | — | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|
| Operating margin | -157.7% | -162.9% | -79.7% | -164.3% | |
| Net margin | — | -162.9% | -79.7% | -164.5% | |
| Gearing (liabilities / total assets) | — | — | 134.6% | 138.2% | |
| Current ratio | — | 0.74x | 0.74x | 0.72x | |
| Interest cover | -51.80x | — | — | — |
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.
Name history
Renamed 1 time since incorporation
- RELAYWARE LTD 2010-08-24 → present
- FOUNDATION NETWORK LIMITED 1997-03-10 → 2010-08-24
Audit & accounting basis
- 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
“In auditing the financial statements, we have concluded that the Directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, 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.”
Group structure
- RELAYWARE LTD · parent
- Relayware Inc 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 26 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KNOFLACH, Georg | Director | 2025-10-02 | Dec 1984 | Austrian |
| KUGLER, Michael Alexander | Director | 2026-01-15 | Jun 1976 | German |
Show 26 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DRUMMOND, Andrew Stewart | Secretary | 2020-07-30 | 2023-07-18 |
| FLEISSNER, Jennifer Marie | Secretary | 2016-09-26 | 2020-07-30 |
| FREEMAN, Philip William | Secretary | 1998-01-20 | 2000-03-29 |
| LANGTON, Stephen | Secretary | 2010-06-25 | 2014-06-23 |
| VON BENECKE, John Paul | Secretary | 2014-06-24 | 2016-09-26 |
| WALLACE JONES, Helen Louise Maxwell | Secretary | 2000-12-06 | 2010-06-25 |
| WALLACE-JONES, Simon | Secretary | 1997-03-10 | 1998-01-07 |
| L & A SECRETARIAL LIMITED | Corporate Nominee Secretary | 1997-03-10 | 1997-03-10 |
| ANTON, Richard Philip | Director | 2016-05-11 | 2017-08-18 |
| BENNET, Julian Charles Lucas | Director | 2023-01-31 | 2024-12-03 |
| BRENNAN, Paul | Director | 2014-10-01 | 2017-08-18 |
| BRUNWIN, Veronica Ann | Director | 2010-06-25 | 2017-08-18 |
| CLARIDGE, Gawain Charles | Director | 2023-07-18 | 2026-01-15 |
| FREEMAN, Philip William | Director | 1998-01-20 | 2000-03-29 |
| GIGOV, Emil Slavchev | Director | 2013-09-24 | 2017-08-18 |
| KAGAN, Paul | Director | 2024-06-20 | 2025-09-30 |
| KULA, Jennifer | Director | 2011-03-09 | 2017-08-18 |
| MANN, Robert Fraser | Director | 2017-09-06 | 2023-01-31 |
| MANN, Robert Fraser | Director | 2001-07-05 | 2017-08-18 |
| MORGAN, Michael John | Director | 2005-11-24 | 2014-10-24 |
| RAPKIN, Gordon Owen | Director | 2016-09-26 | 2023-01-31 |
| ROMLEY, Kenneth Michael | Director | 2017-08-18 | 2017-09-06 |
| SAFAII, Matthew | Director | 2017-12-19 | 2023-01-31 |
| WALLACE JONES, Helen Louise Maxwell | Director | 1997-03-10 | 2010-06-25 |
| WALLACE-JONES, Simon | Director | 1997-03-10 | 2010-06-25 |
| L & A REGISTRARS LIMITED | Corporate Nominee Director | 1997-03-10 | 1997-03-10 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Amadeus General Partner Limited | Corporate entity | Shares 25–50% (as firm), Voting 25–50% (as firm) | 2016-05-11 | Ceased 2017-08-18 |
Filing timeline
Last 20 of 196 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-26 | AA | accounts | Accounts with accounts type full | |
| 2026-05-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-21 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-16 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-15 | AA | accounts | Accounts with accounts type full | |
| 2025-10-03 | CH01 | officers | Change person director company with change date | |
| 2025-10-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-25 | AA | accounts | Accounts with accounts type full | |
| 2025-05-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-10 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-23 | DISS40 | gazette | Gazette filings brought up to date | |
| 2024-10-22 | GAZ1 | gazette | Gazette notice compulsory | |
| 2024-08-15 | AA | accounts | Accounts with accounts type group | |
| 2024-07-11 | AP01 | officers | Appoint person director company with name date | |
| 2023-08-15 | AP01 | officers | Appoint person director company with name date | |
| 2023-08-15 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-05-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-02-17 | MR04 | mortgage | Mortgage satisfy charge full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 2
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.