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Progressive Information Technology Services Limited

09978376

active
Private Limited Company
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)

Details

9 YOUNG CLOSE, AYLESBURY, HP21 7FB
Incorporated 01/02/2016

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62020
Information technology consultancy activities
64991
Security dealing on own account

Officers

Mr Sarbjit Bali

director · Since 01/02/2016

COMPANY DIRECTOR

INDIAN · ENGLAND · Age 50

Persons with Significant Control

Mr Sarbjit Bali

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

Indian · England · Age 50

8, Carlyle Avenue, Aylesbury, HP21 7TD

Notified 30/01/2017

Former PSCs

Mr Ritu Bali

Ceased 01/02/2024

CompanyRankvs 10501+ SIC 62020 peers
76

Financial strength79th percentile among SIC peers · 20/25
Employees73th percentile among SIC peers · 11/15
LiquidityCurrent ratio 6.69× · 20/20
Longevity10 years trading (max 15) · 10/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength20/25 pts

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

Employees11/15 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.

Longevity10/15 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 28/02/2025

Net Worth

£47k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

£47k

Working capital

Current Assets

£56k

Current Liabilities

£8k

2avg. employees

Balance Sheet

Assets less current liabilities£47k
Prepared with Taxfiler

EstimatesDerived

YearCurrent RatioImplied Profit
20256.69-£4k
20248.68-£30k
202312.41-£39k
202213.09-£31k
20215.02

Derived from filed accounts. Not audited figures.