Submission Technology Limited

Submission Technology Ltd, based in Maidstone, UK, is a holding company with an active status, having been founded 22 years ago in 2002. The company employs 66 people and maintains a real registered address. With one director and two owners, it holds a respectable 4.0 Google rating from 11 reviews. It's an irregular importer of plastics and plastic products, with just two months of import activity recorded, the last in August 2018.

The company’s website reveals a focus on lead generation, operating through brands like Cashback, Oh My Dosh, and FreeClub. It's clear that Submission Technology is involved in affiliate marketing and advertising, offering advertisers and publishers a range of solutions. The website highlights a history dating back to 2003 with the launch of Greasypalm.co.uk, and now boasts over 300 advertisers and 2.5 million leads per month across the UK, Australia, and the US. The company’s vision is to be the undisputed global leader in lead generation.

Financially, Submission Technology Ltd shows a mixed picture. Cash reserves increased by a significant 130% to £770,000, a positive sign, but net assets dropped 35% to £840,000. Bank borrowings surged by a substantial amount, reaching £180,000, and overdrafts increased dramatically to £30,000. Interestingly, administrative expenses decreased by 17%, suggesting cost-cutting measures. Creditors also decreased by 14%, indicating improved debt management. The company’s average number of employees decreased by 12% to 58. The unaudited financial statements, prepared using CCH Software, don’t mention an auditor.

While the company’s lead generation business appears to be thriving, the financial data reveals some challenges. The increase in bank borrowings and the decrease in net assets suggest that Submission Technology Ltd may be burning through cash to fuel its growth, or perhaps facing increased costs. It’s possible that the company’s focus on expansion and marketing has led to a temporary strain on its finances, but the increased cash reserves offer some reassurance.

Registered in England/Wales under the registration number 04456811, with a registered address at ME14 5PP, United Kingdom, Maidstone, Kent, The Beater House Turkey Mill, Ashford Road.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.