Progress Packaging Limited
03313874
Some Concerns
- Current liabilities exceed current assets (-10)
- 3 outstanding charges (-6)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 08/05/1997
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 58
Also on 2 other boards
Persons with Significant Control
Farrow Holdings Limited
The Mill, 150 Penistone Road, Huddersfield, HD8 8JQ
Notified 06/04/2016
Charges3 outstanding
HSBC BANK PLC
MIDLAND BANK PLC
MIDLAND BANK PLC
CompanyRankvs 612+ SIC 46180 peers73
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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
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/03/2025
Net Worth
£649k
Balance sheet strength
Cash
£876k
Cash in the bank
Net Current Assets
£589k
Working capital
Current Assets
£1.2M
Current Liabilities
£600k
Fixed Assets
£76k
Debtors
£313k
Tax at Year End
Director Loans(2017)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 1.98 | +£133k |
| 2024 | 2.22 | +£43k |
| 2023 | 2.63 | +£6k |
| 2022 | 2.08 | +£152k |
| 2021 | 2.09 | +£24k |
| 2020 | 1.88 | +£91k |
| 2019 | 1.50 | +£135k |
| 2017 | 1.12 | — |
Derived from filed accounts. Not audited figures.