Technocover Ltd.

Technocover Ltd, based in Welshpool, UK, is a large, holding company with an active status, celebrating 31 years in business. Employing 128 people, the company holds assets worth £4,251,709 and generates a yearly revenue of £16,602,267. It boasts a real address, is overseen by seven directors, and has one owner, all while maintaining a stellar 5.0 Google rating from two reviews. The company regularly exports iron or steel products, with eight months of export activity recorded, the last in December 2023.

The company operates in the manufacture of other fabricated metal products and the construction installation industries. Its website is minimal, offering little insight into day-to-day operations beyond contact information and a brief description of its services. There's no indication of e-commerce activity.

Financially, Technocover Ltd presents a mixed picture. While turnover remains strong at £16,602,267, several key indicators point to potential challenges. Cash reserves have plummeted 94%, dropping from £1,500,000 to a mere £93,000. Bank borrowings have also decreased, but this may be a result of decreased activity. Creditors have decreased by 39%, which is a positive sign, but the sharp decline in net assets—down 70%—raises concerns. The company’s size (meeting two of three criteria for a large company) suggests it’s navigating a competitive market. The audit firm, MHA, conducted the audit.

Despite these challenges, Technocover Ltd’s strong export activity and high Google rating suggest a resilient business. The decrease in cash reserves could be due to increased investment in operations or a temporary downturn in sales—but the company’s long history and established market position should provide a degree of stability.

Registered in England/Wales under the registration number 02845757, with a registered address at SY21 7BE, Wales, Welshpool, Technocover Ltd, Henfaes Lane.

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