The Firmwatch take
Veea Systems Ltd (09293326) currently shows: At risk signal detected, based on accounts to 31 December 2024; last refreshed 24 May 2026. Net liabilities of £26m — assets do not cover obligations.
Companies House source·Accounts to 31 Dec 2024·Refreshed 24 May 2026·Methodology and caveats
Firmwatch signals are generated from public filings and are not credit ratings or financial advice.
1 public risk event on file
Incorporated
3 November 2014
11 years on the register
Sector
Wireless telecommunications activities
SIC 61200
Size
Not classified
Net assets
−£26m
Bottom 10% in sector
Cash at bank
Not disclosed
Not required for this filing type
Risk events
1 on file
Public Gazette / Companies House
Insolvency risk
High insolvency risk
The latest public accounts show multiple stress signals. Treat this as a prompt for deeper checks, not as a formal insolvency prediction.
Negative net assets
Visible liabilities exceed visible assets in the extracted accounts.
Negative working capital
Short-term liabilities are higher than short-term assets in the public balance sheet.
Weak current ratio
Current assets are less than 75% of current liabilities.
Money
What the balance sheet says
Net assets
−£26m
Bottom 10% in sector · sector median £3k · 6,682 telecoms firms
Cash
Not disclosed
Working cap.
−£26m
Median £8k
Current ratio
0.0×
Median 1.3×
Signals · 3
Negative net assets
The latest filed accounts show liabilities exceeding assets.
Negative working capital
Current liabilities exceed current assets in the extracted accounts.
Current ratio below 1.0
Current assets are lower than current liabilities in the extracted accounts.
Sector benchmark · Telecoms
How this company compares in 6,682 telecoms firms
Bottom 10% in sector — Veea Systems Ltd shows −£26m in net assets. Sector median is £3k.
Sector medians are computed annually across all UK companies in this broad sector. Position is approximate — see the Money tab for the full balance sheet.
Risk events · monitored daily
1 event on the watchtower
- 20 Jan 2026
First gazette notice
London Gazette
Get alerted on any new event
If a new Gazette notice, insolvency filing or court order is published for Veea Systems Ltd, we'll email you once.
Recent activity
Filings and risk events
- 20 Jan 2026First gazette notice
Address pattern · BA1 1JS
8 other UK companies registered here — all still trading.
Active
8
Dissolved
0
Strike-off action
0
Firmwatch turns UK Companies House filings into plain-English company intelligence. Data is refreshed daily; signals are generated from public balance-sheet and filing patterns.