Technogreen Automotive Ltd

Technogreen Automotive Ltd, based in London, UK, is a small, active company established three years ago. With a single employee and £38,040 in assets, it operates from a virtual address, managed by a solo founder who also serves as director and owner. The company’s primary focus is facilitating trade between Turkey and the UK for passenger and commercial vehicle parts, aiming to offer alternative sourcing channels.

The website highlights Technogreen Automotive’s role as a bridge between the two markets, offering direct supply or intermediary services. It seeks to create cooperation opportunities based on comparative cost advantages or technological differences. The company’s activities include supplying Turkish automotive spare parts factories to UK distributors, offering surplus UK products to Turkish distributors, and connecting UK part manufacturers to the Turkish market. The site emphasizes Turkey’s significant role in the automotive sector and the ongoing UK-Turkey trade relationship, particularly in light of recent trade deals. It even mentions a partnership with HORIBA MIRA in relation to TOGG, Turkey’s first homebred electric SUV.

Financially, Technogreen Automotive Ltd presents a mixed picture. Cash reserves have increased significantly, jumping 240% to £9,300, which is good news. However, net assets have sharply declined by 88%, falling to just £120. Creditors have also increased substantially, rising 110% to £38,000, and bank borrowings have increased by 170% to £30,000. Trade debtors have remained constant at £660. The company’s small size—meeting two of three conditions for being classified as small—allows for agility, but the decrease in equity is a cause for concern. The accounts are unaudited, and no auditor is mentioned, which is typical for small companies.

It's clear that Technogreen Automotive Ltd is currently navigating some financial challenges, with a significant drop in equity and rising liabilities. However, the increase in cash reserves suggests the company is actively managing its finances, and the focus on a niche market—connecting Turkish and UK automotive parts—could provide a path to long-term stability.

Registered in England/Wales under the registration number 13513367, with a registered address at N5 2ER, England, London, Unit 408 Screenworks 22 Highbury Grove.

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