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Progress Furnishings Systems Limited

03204013

active
Private Limited Company
Companies House
Health Score
76 / 100

Some Concerns

30/30
Filing
10/30
Financial
36/40
Risk
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

GROUND FLOOR TAUNTON HOUSE WATERSIDE COURT, ROCHESTER, ME2 4NZ
Incorporated 21/05/1996

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

82990
Other business support service activities

Officers

Mr Josef Benjamin Firestone

secretary · Since 21/05/1996

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 56

Also on 7 other boards

Mr Josef Benjamin Firestone

director · Since 21/05/1996

SECRETARY

BRITISH · ENGLAND · Age 56

Also on 7 other boards

Mr Leonard Martin Firestone

director · Since 21/05/1996

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 80

Also on 9 other boards

Mrs Janet Firestone

director · Since 01/02/2018

NA

BRITISH · UNITED KINGDOM · Age 81

Persons with Significant Control

Mr Leonard Martin Firestone

50–75% shares

British · England · Age 80

2 Exeter House, Beaufort Court, Rochester, ME2 4FE

Notified 01/07/2016

Mrs Janet Firestone

25–50% shares

British · United Kingdom · Age 81

2 Exeter House, Beaufort Court, Rochester, ME2 4FE

Notified 10/03/2019

Former PSCs

Mr Josef Benjamin Firestone

Ceased 25/10/2018

Charges2 outstanding

charge
outstanding

HSBC BANK PLC

Created 21/12/2000Registered 03/01/2001
charge
outstanding

MIDLAND BANK PLC

Created 31/05/1996Registered 10/06/1996

CompanyRankvs 43603+ SIC 82990 peers
58

Financial strength73th percentile among SIC peers · 18/25
Employees95th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.95× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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43603Progress Furnishings Systems Limited
64
How is this score calculated?
Financial strength18/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees14/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity6/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/12/2024

Net Worth

£29k

Balance sheet strength

Cash

£106k

Cash in the bank

Net Current Assets

-£10k

Working capital

Current Assets

£192k

Current Liabilities

£202k

Fixed Assets

£95k

Debtors

£70k

9avg. employees

Balance Sheet

Assets less current liabilities£85k
Signed by Mr Josef Firestone 16th April 2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.95-£203k
20231.49-£39k
20221.75-£12k
20211.47+£3k
20201.56+£90k
20191.46-£4k
20181.64—

Derived from filed accounts. Not audited figures.