Progress Arts Limited
04221885
Healthy
- Negative net worth (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
secretary · Since 23/05/2001
ENGINEER
BRITISH · ENGLAND · Age 77
Also on 7 other boards
director · Since 23/05/2001
ART CONSULTANT
FRENCH · ENGLAND · Age 75
Also on 3 other boards
director · Since 23/05/2001
ENGINEER
BRITISH · ENGLAND · Age 77
Also on 7 other boards
Persons with Significant Control
Dr Nicholas John Heaf
British · England · Age 77
123 Kennington Road, SE11 6SF
Notified 23/05/2016
Mrs Danielle Arnaud
French · England · Age 75
123 Kennington Road, SE11 6SF
Notified 23/05/2016
CompanyRankvs 51634+ SIC 74909 peers52
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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.
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/05/2025
Turnover
£37k
Annual revenue
Net Worth
-£704k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
£5k
Working capital
Current Assets
£5k
Current Liabilities
£0
Fixed Assets
£0
Profit After Tax
-£71k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | Infinity | -£71k |
| 2024 | Infinity | -£111k |
| 2023 | 0.04 | -£97k |
| 2022 | 0.13 | -£60k |
| 2021 | 0.02 | -£78k |
| 2020 | Infinity | +£3k |
| 2019 | 2.55 | — |
Derived from filed accounts. Not audited figures.