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Progress Developments South West Limited

10024975

active
Private Limited Company
Companies House
Health Score
55 / 100

Notable Risks

25/30
Filing
0/30
Financial
30/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • 5 outstanding charges (-10)

Details

GROUND FLOOR BLACKBROOK GATE 1, TAUNTON, TA1 2PX
Incorporated 24/02/2016

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68310
Real estate agencies

Officers

Mr Graham Raymond Fincham

director · Since 24/02/2016

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 57

Also on 18 other boards

Michael Buxton

director · Since 16/05/2017

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 60

Also on 9 other boards

Mr Geoffrey Paul Turbott

director · Since 16/05/2017

COMPANY DIRECTOR

NEW ZEALANDER · UNITED KINGDOM · Age 63

Also on 14 other boards

Persons with Significant Control

Mr Graham Raymond Fincham

25–50% shares
25–50% votes

British · United Kingdom · Age 57

First Floor, Blackbrook Gate 1, Taunton, TA1 2PX

Notified 06/04/2016

Michael Buxton

25–50% shares
25–50% votes

British · United Kingdom · Age 60

First Floor, Blackbrook Gate 1, Taunton, TA1 2PX

Notified 22/03/2017

Mr Geoffrey Paul Turbott

25–50% shares
25–50% votes

New Zealander · United Kingdom · Age 63

First Floor, Blackbrook Gate 1, Taunton, TA1 2PX

Notified 22/03/2017

Former PSCs

Mr Graham Raymond Fincham

Ceased 13/02/2017

Charges5 outstanding

Charge
satisfied

I&F SECURITIES LIMITED AS SECURITY AGENT AND TRUSTEE

Created 04/12/2019Registered 11/12/2019Satisfied 15/06/2021
Charge
satisfied

I&F SECURITIES LIMITED AS SECURITY AGENT AND TRUSTEE

Created 04/12/2019Registered 11/12/2019Satisfied 15/06/2021
Charge
satisfied

I&F SECURITIES LIMITED AS SECURITY AGENT AND TRUSTEE

Created 15/11/2019Registered 03/12/2019Satisfied 15/06/2021
Charge
satisfied

I&F SECURITIES LIMITED AS SECURITY AGENT AND TRUSTEE

Created 15/11/2019Registered 03/12/2019Satisfied 15/06/2021
Charge
outstanding

EXETER FINANCE LIMITED

Created 15/11/2019Registered 20/11/2019
Charge
outstanding

M BAKER (PROPERTY SERVICES) LIMITED

Created 23/10/2019Registered 28/10/2019
Charge
outstanding

M BAKER (PROPERTY SERVICES) LIMITED

Created 16/08/2018Registered 21/08/2018
Charge
outstanding

M BAKER (PROPERTY SERVICES) LIMITED

Created 16/08/2018Registered 21/08/2018
Charge
outstanding

EXETER FINANCE LIMITED

Created 12/05/2017Registered 15/05/2017

CompanyRankvs 18671+ SIC 68310 peers
27

Financial strength1th percentile among SIC peers · 0/25
Employees78th percentile among SIC peers · 12/15
LiquidityNo balance sheet data · 0/20
Longevity10 years trading (max 15) · 10/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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18671Progress Developments South West Limited
37
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.

Employees12/15 pts

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

Liquidity0/20 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.

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 31/10/2024

Net Worth

-£501k

Balance sheet strength

Cash

£775

Cash in the bank

Net Current Assets

—

Working capital

Current Assets

—

Current Liabilities

£470k

3avg. employees

Director Loans

Company owes directors£163k
Prepared with Silverfin

EstimatesDerived

YearCurrent RatioImplied Profit
2024—-£3k
2023—-£3k
2022—+£5k
20210.21-£37k
20200.67-£352k
20190.97—

Derived from filed accounts. Not audited figures.