Back to search

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

CompanyRankvs 15+ SIC 56101 peers
36

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
Show leaderboard
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.

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

Tax at Year End(2021)

Corp tax£4k

Balance Sheet

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

EstimatesDerived

YearCurrent RatioImplied Profit
20230.82+£4k
20220.83-£5k
20210.94+£10k
20200.89-£18k
20190.55+£8k
20180.57

Derived from filed accounts. Not audited figures.