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Progen Developments Ltd

08902241

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

HOLLY HOUSE THE BRINGEY, CHELMSFORD, CM2 7JW
Incorporated 19/02/2014

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

43390
Other building completion and finishing
74901
Environmental consulting activities

Officers

Mrs Jolanta Swirski

director · Since 19/02/2014

CHEMICAL ENGINEER

BRITISH · UNITED KINGDOM · Age 67

Mr Leszek Janusz Swirski

director · Since 06/05/2014

CHEMICAL ENGINEER

BRITISH · UNITED KINGDOM · Age 68

Persons with Significant Control

Mrs Jolanta Swirski

50–75% shares
50–75% votes
Appoint directors

British · United Kingdom · Age 67

Holly House, The Bringey, Great Baddow, CM2 7JW

Notified 06/04/2016

Mr Leszek Janusz Swirski

25–50% shares
25–50% votes
Appoint directors

British · England · Age 68

Holly House, The Bringey, Great Baddow, CM2 7JW

Notified 06/04/2016

CompanyRankvs 30814+ SIC 43390 peers
29

Financial strength2th percentile among SIC peers · 1/25
Employees58th percentile among SIC peers · 9/15
LiquidityCurrent ratio 0.05× · 2/20
Longevity12 years trading (max 15) · 12/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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How is this score calculated?
Financial strength1/25 pts

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

Employees9/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity2/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity12/15 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

Going concern doubt: -10 pts

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

Going Concern Doubt

and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. 2.2. Going Concern Disclosure The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going

Key FinancialsYear ending 28/02/2025

Net Worth

-£66k

Balance sheet strength

Cash

£2k

Cash in the bank

Net Current Assets

-£63k

Working capital

Current Assets

£3k

Current Liabilities

£66k

Fixed Assets

£4k

Debtors

£1k

2avg. employees

Tax at Year End(2022)

VAT£489

Director Loans

Company owes directors£63k

Balance Sheet

Assets less current liabilities-£59k
Signed by Mr Leszek Janusz Swirski 21/05/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20250.05-£14k—
20240.16-£11k—
20230.41-£27k—
20221.08-£34k£10k
20211.41+£7k—
20201.15+£12k—
20190.97——

Derived from filed accounts. Not audited figures.