Techneopro Ltd

Techneopro Ltd from Lostwithiel UK: a small company with an active status, was founded 22 years ago and employs 20 people. It holds assets worth £1,104,977 and operates from a real address in Cornwall. With three directors and one owner, the company regularly imports special woven and decorative fabrics (53 months imported) and occasionally exports rubber and rubber products (2 months exported). It’s a British manufacturer specializing in neoprene sales and contract manufacturing, alongside a popular wetsuit repair service.

The company’s website highlights three core areas: sales of sponge neoprene sheets, British contract manufacturing, and a wetsuit repair centre. It caters to a wide range of applications, from medical and automotive to equine and sports, and even repairs wetsuits for market leaders in surfing and triathlon. The site emphasizes British craftsmanship, fast delivery, and a commitment to quality—a common theme throughout their operations.

Financially, Techneopro Ltd appears to be in a stable position, although there are some interesting trends. Current assets grew by a healthy 14% to £1,100,000, while net assets also increased by 2.6% to £950,000. Cash bank on hand saw a significant jump of 27%, reaching £680,000, which is a good sign. However, creditors have increased considerably by 190%, now standing at £170,000—perhaps reflecting increased stock levels or investment in growth. Bank borrowings remain relatively low. The company meets the criteria for a small business, with a turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The accounts are abridged and unaudited, and no auditor is mentioned.

Overall, Techneopro Ltd seems to be a well-managed small business with a clear focus on its niche markets. The increase in creditors suggests they’re investing in their business, and the strong cash position provides a buffer against potential challenges.

Registered in England/Wales under the registration number 04648554, with a registered address at PL22 0HG, Lostwithiel, Cornwall, Unit 5 Restormel Industrial Estate, Liddicoat Road.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.