PSAG TECHNOLOGIES LTD

Executive Summary

PSAG Technologies Ltd demonstrates high risk due to sustained negative net assets and no recorded employees, raising solvency and operational sustainability concerns. While the company is compliant with filings and maintains an active web presence, the lack of audited financials and minimal operational data warrant detailed due diligence to assess liquidity, ongoing business viability, and recovery prospects.

PSAG TECHNOLOGIES LTD - Analysis Report

Company Number: 13619831

Analysis Date: 2025-07-29 15:57 UTC

1. Risk Rating: HIGH

   The company exhibits significant solvency and operational concerns due to persistent negative net assets and shareholders' funds, indicating it is technically insolvent. The absence of any employees and ongoing negative equity raise questions about its operational sustainability.

2. Key Concerns:

   • Negative Net Assets and Shareholders’ Funds: The company’s net assets declined further to -£22,945 as of 30 September 2024, reflecting ongoing losses or capital depletion.
   • No Employees and Limited Operational Data: The company reported zero employees during the year, suggesting minimal or no active business operations.
   • Lack of Audit and Limited Financial Transparency: As a micro-entity, the company is exempt from audit requirements, and the accounts are unaudited, which limits verification of financial accuracy.

3. Positive Indicators:

   • Compliance with Filing Requirements: The company is up to date with both its annual accounts and confirmation statements, indicating good regulatory compliance.
   • Active Website and Market Presence: The company maintains an active web domain highlighting its role as a Salesforce partner with international reach, which could signal ongoing commercial activities outside direct employment.
   • Stable Director and Control Structure: Directors and persons with significant control have been consistent since incorporation, and there are no public records of disqualifications or governance issues.

4. Due Diligence Notes:

   • Investigate the nature and scale of current business operations given zero staff and negative equity.
   • Review cash flow statements or bank records to assess liquidity beyond balance sheet snapshots.
   • Confirm the extent and timing of any capital injections or financial support from shareholders or related parties.
   • Clarify reasons for continuing losses and plans for returning to solvency.
   • Verify the accuracy of the unaudited accounts, possibly requesting management accounts or external reports.