TACTEK SERVICES LIMITED
Company number 03960561 · Monitor this company
This analysis was written by an AI from the company's public filings. It may contain errors or omissions and is not financial or professional advice.
Credit Analysis: TACTEK SERVICES LIMITED (03960561)
1. Credit Opinion: DECLINE
Reasoning: This application must be declined on multiple fundamental grounds. The company is technically insolvent with net liabilities of £1,495, is subject to a proposal to strike off the Companies House register, has zero employees, and has demonstrated a sustained and severe deterioration in financial position over multiple years. The company appears to be in the process of being wound down rather than operating as a going concern. No credit facility should be extended under these circumstances.
2. Financial Strength: Critical Weakness
The balance sheet tells a clear story of terminal decline:
| Year | Net Assets | Movement |
|---|---|---|
| 2017 | £170,729 | — |
| 2018 | £78,695 | -£91,034 |
| 2019 | £35,318 | -£43,377 |
| 2020 | £39,636 | +£4,318 |
| 2021 | £30,211 | -£9,425 |
| 2022 | £44,929 | +£14,718 |
| 2023 | £5,184 | -£39,745 |
| 2024 | -£3,186 | -£8,370 |
| 2025 | -£9,517 | -£6,331 |
| 2026 | -£1,495 | +£8,022 |
Key observations: - Insolvency: The company has been balance-sheet insolvent for two consecutive years. The marginal improvement in 2026 (from -£9,517 to -£1,495) does not alter this fundamental position. - Asset erosion: Total assets have collapsed from £191,888 (2017) to £19,141 (2026) — a 90% decline. The business has been systematically depleted. - No fixed assets: As at January 2026, fixed assets stand at zero, down from £1,306. The company owns no tangible operating assets. - Minimal capital base: Share capital of just £50 provides no cushion whatsoever.
Liability position: Current liabilities of £20,636 exceed current assets of £19,141, yielding net current liabilities of £1,495. The company cannot cover its near-term obligations from current assets.
3. Cash Flow Assessment: Non-Functioning Business
Liquidity position is critical: - Current ratio: 0.93x (current assets £19,141 / current liabilities £20,636) — below the 1.0x threshold indicating inability to meet short-term obligations - Working capital deficit: £1,495 — the company has no working capital buffer
Operational indicators are absent: - Zero employees (down from 1 in 2025) — no workforce to generate revenue - No P&L data — micro-entity accounts do not require profit & loss disclosure, but the trajectory of net assets strongly suggests sustained trading losses - No revenue visibility — impossible to assess debt service coverage when income is undisclosed
The slight improvement in net assets in 2026 (£8,022) may reflect creditor write-offs, asset reclassifications, or a change in accounting reference date (the period changed from March year-end to January year-end). It does not indicate operational recovery.
4. Monitoring Points: Multiple Critical Red Flags
| Risk Factor | Detail | Severity |
|---|---|---|
| Strike-off notice | Company subject to proposal to strike off — likely being voluntarily closed | CRITICAL |
| Director resignation | Albert James Burger resigned 24 January 2026, one week before the revised year-end | HIGH |
| PSC inconsistency | Burger retains >75% shareholding despite resigning as director — control structure unclear | HIGH |
| Insolvency | Two consecutive years of negative net assets | CRITICAL |
| Zero employees | Business appears non-operational | HIGH |
| Micro-entity filing | Minimal financial disclosure — no P&L, no cash flow, no audit | MEDIUM |
| Accounting reference date change | Year-end moved from 31 March to 31 January — rationale unclear | MEDIUM |
| Long-term decline | 90% asset erosion over 9 years | CRITICAL |
Additional concerns: - The strike-off status means any credit facility would be at immediate risk of loss if the company is dissolved - The sole remaining director (Celeste Nairne) has no documented shareholding per PSC records, raising questions about governance and decision-making authority - No evidence of trade, operational activity, or revenue generation in the latest period