PUSHME BIKES LIMITED

• ⚠

  Annual accounts overdue

  Due 2025-12-31.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -29%

  £1,770,849 → £1,257,857

• Cash

  -76.1%

  £120,414 → £28,753

  lowest in 4 filed years

• Net assets

  +13.5%

  £1,171,735 → £1,330,423

• Employees

  -20%

  5 → 4

• Operating profit

  -21.6%

  £228,133 → £178,833

• Profit before tax

  -34.1%

  £240,755 → £158,688

• Wages

  -28.3%

  £427,124 → £306,234

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Rödl & Partner Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have a reasonable expectation that the company will have access to sufficient resources to continue in operational existence for the foreseeable future. However, the company's financial performance depends on the anticipated financial and operational support from its parent, Tier Mobility SE. The continuation of such support from Tier Mobility SE is therefore an important factor as regards the directors' assumption of a going concern for Pushme UK. Historically Tier Mobility SE has always supported the company and the company has received a letter of support from Tier Mobility SE confirming its intention to continue to do so. However, as is typical for many venture-backed technology companies, Tier Mobility SE is not break-even and needs to maintain its debt facilities and / or raise additional funding on a periodic basis through various means (including from shareholders and external debt providers) in order to fund its operations. There is therefore always an element of uncertainty as to whether such ongoing funding will continue to be provided, as well as the future of Tier Mobility SE's strategic direction. In light of: (a) the company's reliance on Tier Mobility SE; and (b) there being no certainty that Tier Mobility SE will continue to be able to secure ongoing funding or successfully pursue its strategic goals, an element of uncertainty exists which may cast doubt over the company's ability to trade as a going concern. However, the director(s) of the company have a reasonable degree of confidence that Tier Mobility SE will continue to be able to support the company Given the above, the directors have a reasonable degree of confidence that the company will have sufficient funds to continue in operational existence for at least 12 months from the date of approval of these financial statements and they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”

Group structure

1. PUSHME BIKES LIMITED · parent
   1. Pushme Bikes Hellas SingleMember PC 100% · Greece

Significant events

• “In March 2024 the directors announced that they are winding down the operations, effective April 2024, as the market was not considered profitable. From May 2024 the company would continue to operate providing research and development services to the parent company. The directors also announced the completion of a UK merger deal between Tier and Dott, effective March 2024.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.