Technovations Ltd

Technovations Ltd, based in Clacton-on-Sea, UK, is a small, active company founded 29 years ago. With a single employee and £388,259 in assets, it operates from a real address and is managed by two directors and one owner. The company is an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with its last import activity recorded one month ago.

The company’s website, Technovations Control, showcases a dynamic technical design business specializing in sound, light, and water installations for residential, commercial, and theme park environments. It offers a range of services, from bespoke installations to self-play system integrations for pianos, and even disaster recovery for damaged instruments. The website suggests a focus on high-end projects and bespoke solutions, rather than mass-market retail.

Financially, Technovations Ltd presents a mixed picture. Current assets have decreased by 13%, falling to £390,000, while net assets have also dropped by 8.1%, settling at £390,000. Cash reserves have suffered a 7.1% decline, now at £170,000. Creditors have seen a significant decrease, falling by 100%, and trade debtors have fallen by 17%. While the company meets the criteria for a small business (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees), the decrease in assets and cash raises questions about its financial health. The company’s unaudited accounts, prepared by Taxfiler, do not mention an auditor, which is common for small companies.

The company’s focus on specialized technical installations and its apparent lack of employees suggest a lean operation. It's possible that the decrease in assets reflects investments in new equipment or projects, but the decline in cash reserves warrants closer attention.

Registered in England/Wales under the registration number 03184042, with a registered address at CO16 9RA, Clacton On Sea, Essex, White Lodge, London Road.

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