PUSH BOUNDARY LIMITED

Executive Summary

Push Boundary Limited is a recently incorporated micro-entity showing signs of liquidity pressure with negative net current assets and declining net equity. However, it remains solvent with timely statutory filings and a stable asset base. Investors should monitor short-term obligations and seek further clarity on cash flow and operational viability before committing capital.

PUSH BOUNDARY LIMITED - Analysis Report

Company Number: 14305921

Analysis Date: 2025-07-20 17:15 UTC

1. Risk Rating: MEDIUM
   The company exhibits moderate financial risk due to its negative working capital in the latest year and a significant reduction in net assets. While it remains solvent, these liquidity pressures warrant caution.

2. Key Concerns:

• Negative Net Current Assets: The 2024 accounts show current liabilities (£121,481) exceeding current assets (£105,972) by £15,509, indicating potential short-term liquidity strain.
• Declining Net Assets: Net assets decreased from £16,796 in 2023 to £6,948 in 2024, signaling erosion of equity which may affect solvency if the trend continues.
• Small Scale and Limited Financial Disclosure: As a micro-entity with only one employee and exemption from audit, there is limited transparency and detail on profitability and cash flow, increasing uncertainty.

3. Positive Indicators:

• No Overdue Filings: Both accounts and confirmation statements are filed on time, reflecting good regulatory compliance.
• Solvent Position: Despite liquidity concerns, total assets less current liabilities remain positive (£6,948), suggesting the company can currently meet its obligations.
• Stable Fixed Assets: Fixed assets remain consistent at around £22k, indicating some underlying tangible asset base.

4. Due Diligence Notes:

• Investigate underlying causes for the decline in net assets and negative working capital, including cash flow statements if available.
• Review contracts or payment terms that may impact current liabilities and cash conversion cycle.
• Verify the nature of liabilities—whether any are overdue or at risk of crystallizing—and assess any contingent liabilities or off-balance sheet exposures.
• Confirm the sustainability of the business model given only one employee and limited operational scale.
• Assess director background and governance practices, though no red flags from disqualification or overdue filings are apparent.