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Progressive Hospitality Ltd

06200512

liquidation
Private Limited Company
england wales
Companies House
Insolvency history
Health Score
N/A

Details

11 ROMAN WAY BUSINESS CENTRE, DROITWICH SPA, WR9 9AJ
Incorporated 03/04/2007

Compliance

Last accounts

31/12/2023

total exemption full

Next accounts due

30/09/2025

Overdue

Confirmation statement

Last: 03/04/2025

Due 17/04/2026

Overdue

Industry

56101
Licensed restaurants

Officers

Mr Parvinder Singh Multani

director · Since 20/05/2007

CHEF

BRITISH · ENGLAND · Age 59

Also on 5 other boards

Mr Parvinder Singh Multani

secretary · Since 15/08/2007

CHEF

BRITISH · ENGLAND · Age 59

Also on 5 other boards

Persons with Significant Control

Mr Parvinder Singh Multani

50–75% shares

British · England · Age 59

11, Roman Way Business Centre, Droitwich Spa, WR9 9AJ

Notified 06/04/2016

Former PSCs

Mr Harish Jadavji Patel

Ceased 19/06/2019

Charges0 outstanding

Charge
satisfied

BCRS BUSINESS LOANS LIMITED

Created 23/02/2016Registered 29/02/2016Satisfied 22/03/2021

Insolvency History1 case

creditors voluntary liquidation10/06/2025

Mark Elijah Thomas Bowen (practitioner)

CompanyRankvs 15+ SIC 56101 peers
26

Financial strengthNo net worth data · 0/25
EmployeesNo employee data · 0/15
LiquidityCurrent ratio 0.82× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Insolvency history -10
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How is this score calculated?
Financial strength0/25 pts

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

Employees0/15 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

Insolvency history: -10 pts

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

Key FinancialsYear ending 31/12/2023

Net Worth

-£41k

Balance sheet strength

Cash

£61k

Cash in the bank

Net Current Assets

-£17k

Working capital

Current Assets

£78k

Current Liabilities

£95k

Fixed Assets

£8k

Debtors

£11k

12avg. employees

Balance Sheet

Bank loans & overdrafts£31k
Assets less current liabilities-£9k
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent Ratio
20230.82

Derived from filed accounts. Not audited figures.