Company Number: 14850462

Analysis Date: 2025-07-29 18:12 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   TECHNOMORE LTD shows a significant turnaround from negative net assets and working capital in 2024 to a modestly positive financial position in 2025. The company is very young (incorporated 2023), so historical financial data is limited, but the recent improvement suggests growing operational stability. The current liabilities are largely director loans, which indicates reliance on related-party funding rather than external debt. Approval can be considered if ongoing monitoring is implemented, particularly on cash flow management and the company's ability to reduce reliance on director loans.

2. Financial Strength:

• Net assets improved from a deficit of £12,462 in 2023 to a positive £7,839 in 2025, reflecting a £20,301 turnaround mainly driven by retained earnings.
• Tangible fixed assets are low (£3,172) and depreciating, indicating limited capital investment or asset base.
• The balance sheet is small scale, consistent with a micro/small company profile.
• The main liabilities are short-term and include £41,184 of director loans, which are informal and could affect liquidity if not managed carefully.
• Shareholders’ funds are entirely attributable to the single director and owner, Xxxxxx Xxxxxxxxname shown to subscribers, who exercises full control.

3. Cash Flow Assessment:

• Cash increased substantially from £17,258 in 2024 to £47,217 in 2025, improving liquidity.
• Net current assets turned positive (£4,667) after two years of negative working capital, suggesting better short-term financial health.
• However, the company remains dependent on director loans to meet liabilities, indicating fragile operational cash flow.
• With only one employee and limited fixed assets, working capital requirements are minimal but still require close scrutiny.

4. Monitoring Points:

• Ongoing cash flow generation from operations versus reliance on director loans.
• Timely repayment or restructuring of director loans to avoid liquidity risk.
• Continued improvement or stabilization of net assets and working capital.
• Any increase in liabilities or external debt should be carefully assessed.
• Business growth indicators in the engineering activities sector (SIC 71129), especially given the company’s startup status.
• Compliance with filing deadlines and regulatory requirements to avoid penalties.