TECHNOFIN LIMITED

Executive Summary

TECHNOFIN LIMITED is a micro private limited company with a short but compliant operational history, showing improved liquidity and net asset growth as of its latest accounts. While the company appears financially stable with no immediate solvency or liquidity concerns, limited disclosure and concentrated ownership warrant further due diligence. Overall, the risk profile is low based on available data, but additional profitability and operational details should be reviewed for a comprehensive assessment.

TECHNOFIN LIMITED - Analysis Report

Company Number: 13610190

Analysis Date: 2025-07-20 12:32 UTC

1. Risk Rating: LOW
   The company demonstrates a positive net asset position and improved liquidity over the last reported year, indicating a low risk of insolvency or liquidity issues based on available data.

2. Key Concerns:

• Limited Financial History: Incorporated in 2021, TECHNOFIN LIMITED has a short operational and financial track record, which limits the ability to assess long-term stability and performance trends.
• Single Director and Shareholder Control: Control is concentrated with one individual who owns 75-100% of shares and voting rights; while common in micro-entities, this may pose governance risks.
• Micro-Entity Reporting: The company files under micro-entity provisions with minimal disclosure, and no profit and loss account is publicly available, restricting financial transparency.

3. Positive Indicators:

• Improved Liquidity Position: Net current assets improved from a negative £3,761 in 2022 to a positive £25,668 in 2023, signaling enhanced short-term financial health.
• Positive Net Assets: Net assets increased from £49,666 in 2022 to £79,024 in 2023, reflecting capital growth.
• Compliance with Filing Deadlines: No overdue accounts or confirmation statements indicate good regulatory compliance and governance practices.
• Stable Fixed Assets: Fixed assets remain consistent, suggesting no unusual disposals or impairments.

4. Due Diligence Notes:

• Obtain the profit and loss account or management accounts to assess profitability and cash flow trends.
• Review director background checks beyond disqualification records, given sole control, to understand potential governance risks.
• Confirm the nature of current liabilities and their maturity profile to evaluate short-term obligations.
• Investigate business model and client base to assess operational sustainability given the IT consultancy classification.
• Monitor future filings for continued compliance and any material changes in financial position or governance.