TURNER TECHNO LTD

Executive Summary

TURNER TECHNO LTD is a newly incorporated micro-entity with a strong opening balance sheet, showing no debt and positive working capital. The company is owner-managed with clear control and a modest employee base. Credit approval is recommended with limited exposure and ongoing monitoring of trading performance and liquidity as the business develops.

TURNER TECHNO LTD - Analysis Report

Company Number: 14501086

Analysis Date: 2025-07-29 12:33 UTC

1. Credit Opinion: APPROVE
   TURNER TECHNO LTD shows solid initial financial footing for a micro-entity incorporated recently in late 2022. The absence of current liabilities and strong net assets of £635,000 indicate no immediate liquidity or solvency concerns. The director owns 100% control, which suggests clear accountability. However, given the company’s very recent start and limited operating history, credit exposure should be modest and monitored as trading progresses.

2. Financial Strength:
   The balance sheet reveals fixed assets of £330,000 and current assets of £230,000 with zero current liabilities, resulting in net current assets of £305,000. Total net assets equal shareholders’ funds at £635,000, indicating no external debt and a clean capital structure. The company’s micro classification and small employee base (8 average) aligns with its asset size. The financial position is strong for a start-up, with no gearing or contingent liabilities disclosed.

3. Cash Flow Assessment:
   Current assets exceed current liabilities by a substantial margin, implying comfortable short-term liquidity. Specific details on cash or cash equivalents are not provided, but the zero creditors due within one year suggests the company is not reliant on trade credit. Prepayments and accrued income of £75,000 may reflect operating expenses paid in advance or income recognized early, which should be clarified in future filings. Overall, working capital is positive and suggests adequate operational cash flow capacity at this stage.

4. Monitoring Points:

• Track future turnover and profitability to ensure positive cash generation as fixed assets will require ongoing maintenance or financing.
• Monitor working capital trends, especially the composition of current assets and any emerging current liabilities.
• Review director’s management of growth and any changes in ownership or control that may affect governance.
• Watch for timely filing of future accounts and confirmation statements to avoid compliance risk.
• Assess impact of industry sector performance (IT services, SIC 62090) on revenue stability and client concentration.