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Progressive Group (Newbury) Ltd

11092881

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
10/30
Financial
30/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)
  • 10 outstanding charges (-10)

Details

PROGRESSIVE TECHNOLOGY LIMITED, NEWBURY, RG14 5TS
Incorporated 01/12/2017

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

64209
Activities of other holding companies

Officers

Mr Ross Matthew Pinchin

director · Since 01/12/2017

DIRECTOR

BRITISH · ENGLAND · Age 55

Also on 6 other boards

Persons with Significant Control

Mr Ross Matthew Pinchin

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

British · England · Age 55

The Oakley, Kidderminster Road, Droitwich, WR9 9AY

Notified 01/12/2017

Mrs Tara Pinchin

25–50% shares
25–50% votes

British · England · Age 47

The Oakley, Kidderminster Road, Droitwich, WR9 9AY

Notified 31/03/2026

Charges10 outstanding

Charge
outstanding

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Charge
satisfied

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satisfied

LLOYDS BANK PLC

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satisfied

LLOYDS BANK PLC

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LLOYDS BANK PLC

Created 08/05/2018Registered 09/05/2018Satisfied 30/09/2022
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satisfied

LLOYDS BANK PLC

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CompanyRankvs 1642+ SIC 64209 peers
58

Financial strength99th percentile among SIC peers · 25/25
Employees58th percentile among SIC peers · 9/15
LiquidityCurrent ratio 20.15× · 20/20
Longevity9 years trading (max 15) · 9/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength25/25 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.

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.

Longevity9/15 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

Outstanding charges: -10 pts

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

Going Concern Doubt

any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the director with respect to g

Key FinancialsYear ending 30/09/2024

Net Worth

£18.9M

Balance sheet strength

Cash

£1.6M

Cash in the bank

Net Current Assets

£7.0M

Working capital

Current Assets

£7.4M

Current Liabilities

£365k

Fixed Assets

£12.9M

Debtors

£6.0M

Cost of Sales

£17.3M

Admin Expenses

£10.1M

Profit After Tax

£1.6M

1avg. employees+1

Tax at Year End

Dividends paid-£132k

People Costs

Wages & salaries£10.8M

Balance Sheet

Intangible assets£0
Bank loans & overdrafts£7.6M
Assets less current liabilities£28.0M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
202420.15+£7.3M
202311.17—

Derived from filed accounts. Not audited figures.