Progress Squared Ltd
11012889
Some Concerns
- No accounts filed in last 18 months (-5)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 13/10/2017
DIRECTOR
BRITISH · ENGLAND · Age 47
Also on 51 other boards
Persons with Significant Control
Mr Marco Pasetto
Italian · England · Age 47
41, Devonshire Street, London, W1G 7AJ
Notified 13/10/2017
CompanyRankvs 15137+ SIC 71129 peers47
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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.
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
£42k
Balance sheet strength
Cash
£16k
Cash in the bank
Net Current Assets
£42k
Working capital
Current Assets
£42k
Current Liabilities
—
Debtors
£26k
Tax at Year End
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | — | -£85k |
| 2023 | 3.61 | +£43k |
| 2022 | 9.34 | +£43k |
| 2021 | 3.27 | -£43k |
| 2020 | 8.30 | -£151k |
| 2019 | 11.02 | +£100k |
| 2018 | 5.26 | — |
Derived from filed accounts. Not audited figures.