TECHAIDE LIMITED
Company number 04489847 · 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: TECHAIDE LIMITED
1. Credit Opinion: DECLINE
Reasoning: The company is currently subject to a proposal to strike off the Companies House register, which presents an unacceptable credit risk. A strike-off proposal indicates the company is either voluntarily winding down operations or has been flagged for compulsory removal—typically due to non-compliance. In either scenario, the company's ability to honor future financial obligations is severely compromised. Combined with an overdue confirmation statement and minimal share capital, the credit fundamentals do not support lending.
2. Financial Strength: WEAK
Balance Sheet Assessment: - Share Capital: £2.00 — negligible capital commitment from shareholders - Account Category: Total Exemption Full — suggests micro/small entity status with limited disclosure requirements - No meaningful financial data available in the filing to assess asset base, liabilities, or net worth
Key Concerns: - The minimal share capital indicates the shareholders have committed virtually no permanent capital to the business - Without audited accounts or detailed financial statements, asset quality and leverage positions cannot be verified - A 20+ year-old company with only £2 in share capital raises questions about retained earnings and historical profitability
3. Cash Flow Assessment: UNABLE TO DETERMINE
Liquidity Position: - No turnover, profit, cash flow, or working capital data is available from the filed information - The management consultancy SIC code (70229) typically indicates a low-capex, people-dependent business—but revenue sustainability cannot be confirmed
Working Capital: Cannot be assessed—no current assets or current liabilities data available
Critical Red Flag: The strike-off status suggests the company may have ceased trading or is in the process of closing, making any cash flow analysis moot
4. Monitoring Points
If the strike-off is withdrawn and the company seeks to continue operations, the following would require verification:
| Metric | Action Required |
|---|---|
| Strike-off status | Confirm whether the proposal is voluntary or compulsory; check if it has been withdrawn |
| Confirmation statement | Immediately file overdue statement (due 2025-08-01) to restore compliance |
| Financial accounts | Obtain full accounts for the period ending 2025-07-31 once filed; assess turnover, profitability, and cash generation |
| Trading status | Verify the company is actively trading and not dormant or ceasing operations |
| Director conduct | Monitor for any disqualification proceedings against Mr. Perren |
| Shareholder commitment | Assess whether additional capital has been injected beyond the nominal £2 |
Additional Risk Factors
- Single director structure with no secretary — creates key-person dependency and potential governance gaps
- PSC structure (Christopher and Janice Perren, each 25-50%) suggests a husband-and-wife-owned business, which can present succession and continuity risks
- Previous name change (from SPEED 9251 LIMITED shortly after incorporation) is not inherently concerning but warrants understanding of the rationale