TECHNET LIMITED Financials
- Company number
- 04142465CopyCopy
- Registered office
- 1 Vincent Avenue, Crownhill, Milton Keynes MK8 0AB
- Incorporated
- 17/01/2001
Company snapshot
- Status
- Active
- Employees
- 30 (2024)
- Latest financial data
- 2024
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
2.96%vs 20232023: £194.60K
Total Assets
104.77%vs 20232023: £1.50M
Cash in Bank
-79.96%vs 20232023: £184.30K
Total Liabilities
121.07%vs 20232023: £1.30M
Employees
+6vs 20232023: 24
In 2024, TECHNET LIMITED reported net assets of £200.37K. The same filing shows total assets of £3.07M, cash in bank of £36.93K and total liabilities of £2.87M. Reported headcount was 30 in 2024. Total Assets rose from £1.50M in 2023 to £3.07M in 2024 (104.77%). Okredo holds filed figures for 2021–2024; the table below lists every reported indicator by year. See every reported indicator by year.
Financial performance
Pick a measure to see how it has moved across the reported years, with the year-on-year change beneath it.
Net Assets
2.96%from £194.60K in 2023Year-on-year change
Net Assets as filed for 2021–2024. Every figure in this chart is also in the financial history table.
3-year financial trend (2022–2024)
How the figures TECHNET LIMITED filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
-64.1%vs 2022-40.1% a year compound (CAGR)
Cash in Bank
-44.8%vs 2022-25.7% a year compound (CAGR)
Total Assets
+83.1%vs 2022+35.3% a year compound (CAGR)
Total Liabilities
+161%vs 2022+61.5% a year compound (CAGR)
Employees
0%vs 2022Biggest increase
Total Liabilities+161%
£1.10M in 2022 to £2.87M in 2024
Biggest decrease
Net Assets-64.1%
£558.89K in 2022 to £200.37K in 2024
TECHNET LIMITED's filings pull in both directions between 2022 and 2024. The steepest rise came in total liabilities, pointing to heavier outstanding obligations, set against a fall in net assets, pointing to a weakening balance sheet. See the full year-by-year figures.
Ratios from the filed figures
Calculated from TECHNET LIMITED's own reported amounts, each shown against the year it was derived from — nothing here is estimated or industry-averaged.
- Net assets to total assets
- 6.52%2024
- Reported net assets divided by reported total assets, for the latest year both were filed. Shows how much of the asset base is not financed by liabilities.
- Liabilities to total assets
- 93.31%2024
- Total liabilities divided by reported total assets, for the latest year both were available. Shows how much of the asset base is funded by obligations.
- Cash to liabilities
- 1.29%2024
- Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
- Cash to total assets
- 1.20%2024
- Reported cash in bank divided by reported total assets, for the latest year both were filed.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for TECHNET LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Net Assets£ | 424.40K | 558.89K | 194.60K | 200.37K |
| Total Assets£ | 1.67M | 1.68M | 1.50M | 3.07M |
| Cash in Bank£ | 218.07K | 66.95K | 184.30K | 36.93K |
| Total Liabilities£ | 1.22M | 1.10M | 1.30M | 2.87M |
| Employees | 29 | 30 | 24 | 30 |
TECHNET LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for TECHNET LIMITED covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
TECHNET LIMITED reported net assets of £200.37K for 2024. That compares with £194.60K in 2023, a change of 2.96%.
TECHNET LIMITED reported total assets of £3.07M for 2024. That compares with £1.50M in 2023, a change of 104.77%.
TECHNET LIMITED reported cash in bank of £36.93K for 2024. That compares with £184.30K in 2023, a change of -79.96%.
TECHNET LIMITED reported 30 employees in 2024, compared with 24 in 2023.
Between 2022 and 2024, TECHNET LIMITED's net assets fell by 64.1%, cash in bank fell by 44.8%, total assets rose by 83.1% and total liabilities rose by 161%. Net assets contracted at 40.1% a year across the two years to 2024, from £558.89K to £200.37K. Reported headcount went from 30 in 2022 to 30 in 2024.
Okredo holds reported figures for the years 2021, 2022, 2023, 2024. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.