TECHKNOCORNER LTD

Executive Summary

Techknocorner Ltd exhibits significant solvency risks with persistent negative net assets and no operational workforce, indicating potential financial distress. While regulatory filings are current, the company's financial position and lack of trading activity raise concerns about its viability as an ongoing concern. Further investigation into its operational status and financial obligations is recommended before making investment decisions.

TECHKNOCORNER LTD - Analysis Report

Company Number: 12924437

Analysis Date: 2025-07-20 14:28 UTC

1. Risk Rating: HIGH
   The company consistently reports negative net current assets and net liabilities over multiple years, indicating persistent insolvency and inability to meet short-term obligations. The absence of employees and minimal share capital further underscores financial fragility and operational inactivity.

2. Key Concerns:

• Solvency Issues: Negative net current assets of £147 and net liabilities indicate the company is insolvent on a balance sheet basis.
• Lack of Operational Activity: Zero employees and no reported profit and loss account filings suggest minimal or no trading activity, raising sustainability concerns.
• Minimal Equity and Capital: Share capital is only £100 with no evidence of capital injections or reserves, limiting financial buffer against liabilities.

3. Positive Indicators:

• Compliance with Filings: The company is up to date with both accounts and confirmation statement filings, reducing regulatory risk.
• Consistent Director Presence: A single director has been in place since incorporation, providing continuity in management.
• Micro Entity Filing Benefits: Use of micro-entity accounting provisions simplifies reporting and may reduce administrative burden.

4. Due Diligence Notes:

• Investigate the nature and source of the negative current assets balance (reported as -£99) and reasons for consistent net liabilities.
• Confirm whether the company is actively trading or dormant despite its active status and SIC codes indicating publishing activities.
• Review any off-balance sheet liabilities or contingent risks not reflected in the micro-entity accounts.
• Assess the director’s plans for addressing solvency and operational sustainability given the financial position.
• Verify if there are any related party transactions or external funding arrangements supporting operations.