Powa's administration record says nothing about valuation

The record

UK Companies House filing records for Powa Technologies Group Plc (company number 08389133) show four of the company's directors' appointments were terminated effective 19 February 2016, and that a Companies House form 2.12B, 'Appointment of an administrator,' was filed on 4 March 2016. The same register shows the registered office moved, on 7 March 2016, to 'C/O Deloitte LLP,' the firm that administered the case. A related but separate UK entity, Powa Technologies (UK) Limited (company number 08023603, formerly Mpayme (UK) Limited), which had operated from the same Heron Tower, London address, was dissolved on 27 September 2016.

What the documents establish

The register confirms the fact of administration, its approximate date, and the identity of the administrator; it does not, in the copies retrieved for this note, yield a readable balance-sheet figure. A Statement of Affairs filed 10 May 2016 and a Statement of Administrator's Proposal filed 27 April 2016, each running dozens of pages, were retrieved but returned no extractable text, so no specific asset or liability figure from those documents is reported here. Powa's own pre-administration public statements, including a valuation the company had publicized before entering administration, are not verified by any Companies House filing and are not treated as fact in this note; the register establishes only that administrators were appointed, not whether any number the company published beforehand was accurate.

The operating read

This is an editorial read. A company's own pre-failure claims about its worth and a subsequent insolvency filing belong to different evidentiary categories. A register entry naming an administrator and a filing date is a fact about corporate status; it says nothing about whether the figures a company circulated in better times ever reflected reality, and a reader should not let the register's silence on that question read as either confirmation or refutation.

What to check before you decide

Before citing a company's own earlier funding or valuation claims alongside its insolvency record, check what each document actually says.

• Does the register entry itself state any financial figure, or only the administrative fact and date?
• Is a valuation or funding claim traceable to the company's own disclosure, or only to press commentary repeating it?
• Would the underlying statement of affairs, if its text can be recovered, show a different picture than the company's earlier public claims?

The Companies House record establishes that administrators were appointed around 19 February 2016 and that the filing itself was made on 4 March 2016. It does not establish, confirm, or contradict any valuation Powa had publicized before that date; that separate question would need the underlying statement of affairs, not the register entry alone.