TECH ELECTRICAL SERVICES LTD

Executive Summary

Tech Electrical Services Ltd is an active electrical installation company with ongoing compliance but significant financial distress characterized by persistent negative net assets and working capital deficits. The absence of employees and operational profit raises concerns about sustainability. Investors should exercise caution and seek further clarity on the company’s business activities and financial recovery plans.

TECH ELECTRICAL SERVICES LTD - Analysis Report

Company Number: 13638048

Analysis Date: 2025-07-29 16:06 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency and liquidity concerns with persistent negative net current assets and net liabilities. The negative shareholders' funds and reliance on a single director-shareholder exacerbate financial risk.

2. Key Concerns:

• Negative Net Assets and Working Capital: As of the latest financial year (2024-09-30), the company has net liabilities of £5,970 and net current liabilities of £11,451, indicating inability to cover short-term obligations with current assets.
• Absence of Revenue or Employees: The accounts report zero employees and no indication of operational income or profit, which raises sustainability issues.
• Single Point of Control and Limited Oversight: The sole director and 100% shareholder is Mr. David Radman, which may limit governance and increase risk of inadequate financial oversight.

3. Positive Indicators:

• Compliance with Filing Requirements: The company is up to date with its accounts and confirmation statement filings, with no overdue documents or penalties.
• Tangible Fixed Assets Stability: The value of tangible fixed assets (computer equipment) remains constant at £5,481, providing some asset base.
• Active Status and Recent Incorporation: Being a relatively new company incorporated in September 2021 and currently active suggests potential for future development.

4. Due Diligence Notes:

• Investigate the company’s business model and revenue streams since the financials do not show any turnover or profit/loss details.
• Assess the director’s plans to address the negative equity and working capital deficits, including potential capital injections or restructuring.
• Confirm whether the company operates commercially or is dormant in practice despite active status, given zero employees and limited current assets.
• Review any related party transactions or loans, especially given sole director control.
• Validate the accuracy and completeness of reported fixed assets and look for any off-balance sheet liabilities.