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.