PUSH TECHNOLOGY LIMITED
Executive Summary
Push Technology Limited is a very recently incorporated micro-entity with minimal financial activity and no operational history to date. While filings are up to date and governance appears in order, the lack of assets, employees, and trading results in a high risk profile for solvency and operational sustainability. Further due diligence is recommended to assess the company’s plans for business development and financial viability going forward.
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This analysis is opinion only and should not be interpreted as financial advice.
PUSH TECHNOLOGY LIMITED - Analysis Report
Risk Rating: HIGH
Justification: The company is very newly incorporated (August 2022) with minimal financial activity reported. The latest filed accounts (year ending 31 Dec 2023) show virtually no assets, no employees, no liabilities, and only £1 in net assets/shareholders' funds. This suggests the company is at a very early stage with no operating history or financial substance yet, indicating a high risk from a solvency and operational perspective.Key Concerns:
- Extremely limited financial data: The micro-entity accounts show zero current assets and liabilities, and only £1 in shareholders' equity, indicating no meaningful trading or asset base.
- No employees reported during the financial year, which raises questions about operational capability and sustainability.
- The company changed its name twice shortly after incorporation, which may suggest early restructuring or uncertainty in business direction.
- Positive Indicators:
- The company is compliant with filing requirements: accounts and confirmation statements are up to date and not overdue.
- The director is identified and appears to be actively involved (CEO), with no red flags such as disqualifications or multiple directorships noted.
- The company operates in IT consultancy and software development, sectors with growth potential, and has an active website presence.
- Due Diligence Notes:
- Investigate the company’s business plan, funding sources, and expected timeline for trading commencement to assess future viability.
- Confirm if any significant transactions or contracts have occurred post the last accounting date (end 2023) that may improve financial standing.
- Review director’s background and related entities (Diffusiondata) to understand ownership structure and potential group relationships.
- Validate the nature of the £1 share capital and any planned capital injections or financing arrangements.
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