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Progen International Limited

03861017

active
Private Limited Company
england wales
Companies House
Health Score
71 / 100

Some Concerns

25/30
Filing
10/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

UNIT 2A HUNCOAT IND ESTATE, HUNCOAT, BB5 6NT
Incorporated 18/10/1999

Compliance

Last accounts

31/10/2024

total exemption full

Next accounts due

31/07/2026

On track

Confirmation statement

Last: 18/10/2025

Due 01/11/2026

On track

Industry

10840
Manufacture of condiments and seasonings

Officers

Mr Ismail Yusuf Munshi

secretary · Since 05/03/2005

BRITISH · Age 50

Mr Khalid Yusuf Munshi

director · Since 05/03/2005

DIRECTOR

BRITISH · ENGLAND · Age 66

Also on 3 other boards

Persons with Significant Control

Mr Khalid Yusuf Munshi

25–50% shares

British · England · Age 66

Unit 2a, Huncoat Ind Estate, Huncoat, BB5 6NT

Notified 06/04/2016

Charges2 outstanding

charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 02/03/2012Registered 08/03/2012
charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 06/10/2011Registered 12/10/2011

CompanyRankvs 15+ SIC 10840 peers
79

Financial strength98th percentile among SIC peers · 25/25
Employees92th percentile among SIC peers · 14/15
LiquidityCurrent ratio 3.41× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength25/25 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.

Liquidity20/20 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 31/10/2024

Net Worth

£2.1M

Balance sheet strength

Cash

£820k

Cash in the bank

Net Current Assets

£1.0M

Working capital

Current Assets

£1.5M

Current Liabilities

£433k

Fixed Assets

£1.3M

Debtors

£614k

9avg. employees

Balance Sheet

Assets less current liabilities£2.3M
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20243.41+£506k
20232.67+£166k
20225.37+£264k
20213.84+£338k
20202.74+£71k
20192.03+£54k
20182.14

Derived from filed accounts. Not audited figures.