Progressive Audio Visual Limited
05006803
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 09/02/2004
SALES DIRECTOR
BRITISH · ENGLAND · Age 45
Also on 1 other board
Persons with Significant Control
Mr Liam Jon Mclaughlin
British · England · Age 45
The Old Saw Mill, Langton Road, Tunbridge Wells, TN3 0JU
Notified 21/12/2016
CompanyRankvs 587+ SIC 47430 peers47
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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 31/01/2025
Net Worth
-£41k
Balance sheet strength
Cash
£21k
Cash in the bank
Net Current Assets
-£2k
Working capital
Current Assets
£25k
Current Liabilities
£27k
Fixed Assets
£1
Debtors
£6k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.93 | +£1k |
| 2024 | 0.40 | -£2k |
| 2023 | 0.80 | -£21k |
| 2022 | 1.75 | -£22k |
| 2021 | 4.41 | — |
Derived from filed accounts. Not audited figures.