Progress Engineering Limited
06972338
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- 2 outstanding charges (-4)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 02/05/2025
DIRECTOR
BRITISH · UNITED KINGDOM · Age 52
Also on 7 other boards
Persons with Significant Control
Dickson Mechanical Fasteners Limited
Poolside, Astley Lane, Shrewsbury, SY4 4BE
Notified 02/05/2025
Former PSCs
Mr David James Cottam
Ceased 02/05/2025
Charges2 outstanding
DAVID COTTAM
DAVID COTTAM
CompanyRankvs 163+ SIC 71129 peers80
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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.
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 31/07/2024
Net Worth
£1.4M
Balance sheet strength
Cash
£645k
Cash in the bank
Net Current Assets
£1.2M
Working capital
Current Assets
£1.5M
Current Liabilities
£257k
Fixed Assets
£218k
Debtors
£653k
Tax at Year End
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 5.71 | +£33k |
| 2023 | 3.84 | +£317k |
| 2022 | 2.81 | +£9k |
| 2021 | 2.75 | +£79k |
| 2020 | 3.15 | +£120k |
| 2019 | 3.40 | — |
Derived from filed accounts. Not audited figures.