Progressive Systems Limited
02032689
Healthy
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Last accounts
30/06/2025
full
Next accounts due
31/03/2027
Confirmation statement
Last: 04/06/2026
Due 18/06/2027
Industry
Officers
director · Since 28/06/2020
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 47
Also on 4 other boards
director · Since 28/06/2020
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 40
Also on 3 other boards
director · Since 28/06/2020
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 40
Also on 4 other boards
director · Since 28/06/2020
COMPANY DIRECTOR
BRITISH · UNITED KINGDOM · Age 39
Also on 4 other boards
director · Since 28/06/2020
COMPANY DIRECTOR
BRITISH · UNITED KINGDOM · Age 41
Also on 4 other boards
Former
secretary · Resigned 26/05/1999
director · Resigned 31/12/2002
director · Resigned 30/06/2006
director · Resigned 16/06/2010
director · Resigned 31/08/2022
director · Resigned 31/08/2022
secretary · Resigned 01/01/2024
director · Resigned 01/01/2024
director · Resigned 01/01/2024
director · Resigned 25/09/2025
Persons with Significant Control
Techumbre Limited
Unit 7, Cranmere Court, Exeter, EX2 8PW
Reg: 09635862 · Companies House · Limited Company
Notified 06/04/2016
Former PSCs
Mr Paul Stuart Wood
Ceased 24/03/2016
Charges1 outstanding
NATIONAL WESTMINSTER BANK PLC
Change History
Active
Private Limited Company
UNIT 7 CRANMERE COURT
EXETER
CompanyRankvs 502+ SIC 43910 peers62
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue. Our responsibilities and the responsibilities of the directors with respect t
Key FinancialsYear ending 30/06/2025
Turnover
£20.7M
Annual revenue
Net Worth
£1.8M
Balance sheet strength
Cash
£2.2M
Cash in the bank
Profit Before Tax
£1.9M
Bottom line earnings
Net Current Assets
£1.9M
Working capital
Current Assets
£7.8M
Current Liabilities
£5.9M
Fixed Assets
£663k
Debtors
£5.3M
Cost of Sales
£14.9M
Gross Profit
£5.8M
Admin Expenses
£4.0M
Operating Profit
£1.9M
Profit After Tax
£1.4M
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 1.32 | +£0 |
| 2025 | 1.32 | -£117k |
| 2024 | 1.46 | +£104k |
| 2023 | 1.43 | — |
Derived from filed accounts. Not audited figures.