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Progress Engineering Limited

06972338

active
ltd
england wales
Companies House
Health Score
76 / 100

Some Concerns

30/30
Filing
10/30
Financial
36/40
Risk
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

Unit G, 36 Normandy Way, Bodmin, PL31 1EX
Incorporated 24/07/2009

Compliance

Last accounts

31/07/2025

total exemption full

Next accounts due

30/04/2027

On track

Confirmation statement

Last: 17/07/2026

Due 31/07/2027

On track

Industry

25110
Manufacture of metal structures and parts of structures
25620
Machining
25990
Manufacture of other fabricated metal products
28990
Manufacture of other special-purpose machinery

Officers

Mr David George Dickson

director · Since 02/05/2025

DIRECTOR

BRITISH · UNITED KINGDOM · Age 52

Also on 7 other boards

David George Dickson

director · Since 02/05/2025

British · United Kingdom · Age 52

Former

David James Cottam

director · Resigned 02/05/2025

Persons with Significant Control

Dickson Mechanical Fasteners Limited

75–100% shares
75–100% votes
Appoint directors

Poolside, Astley Lane, Shrewsbury, SY4 4BE

Notified 02/05/2025

Former PSCs

Mr David James Cottam

Ceased 02/05/2025

Charges2 outstanding

Charge
outstanding

DAVID COTTAM

Created 02/05/2025Registered 07/05/2025
Charge
outstanding

DAVID COTTAM

Created 02/05/2025Registered 06/05/2025

Change History

officer appointed → DICKSON, David George
2026-08-12
status → active
2026-08-12

Active

type → ltd
2026-08-12

Private Limited Company

address line1 → Unit G
2026-08-12

UNIT G

post town → Bodmin
2026-08-12

BODMIN

sic codes → 25110,25620,25990,28990
2026-08-12

71129

CompanyRankvs 15+ SIC 25110 peers
40

Financial strengthNo net worth data · 0/25
EmployeesNo employee data · 0/15
LiquidityCurrent ratio 3.94× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -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.

Liquidity20/20 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/07/2025

Net Worth

£1.5M

Balance sheet strength

Cash

£375k

Cash in the bank

Net Current Assets

£1.3M

Working capital

Current Assets

£1.8M

Current Liabilities

£453k

Fixed Assets

£166k

Debtors

£1.1M

Profit After Tax

£90k

27avg. employees-5

Tax at Year End

Corp tax£39k
Dividends paid£14k

Balance Sheet

Assets less current liabilities£1.5M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20253.94+£75k
20245.71+£33k
20233.84—

Derived from filed accounts. Not audited figures.