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Progressly Limited

13800736

active
Private Limited Company
Companies House
Health Score
76 / 100

Some Concerns

30/30
Filing
10/30
Financial
36/40
Risk
  • Going concern doubt noted in accounts (-10)
  • 2 outstanding charges (-4)

Details

9 FULMAR CLOSE, DERBY, DE3 9XH
Incorporated 14/12/2021

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68100
Buying and selling of own real estate
68209
Other letting and operating of own or leased real estate
68320
Management of real estate on a fee or contract basis

Officers

Mr Taranjit Singh Mundra

director · Since 14/12/2021

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 74

Also on 2 other boards

Mr Jagveer Singh Mundra

director · Since 28/02/2025

DIRECTOR

BRITISH · ENGLAND · Age 47

Also on 1 other board

Persons with Significant Control

Munco International Limited

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

9, Fulmar Close, Derby, DE3 9XH

Reg: 02828602 · Register Of Companies · Private Limited Company

Notified 14/12/2021

Charges2 outstanding

Charge
outstanding

ALDERMORE BANK PLC

Created 27/03/2025Registered 27/03/2025
Charge
outstanding

PARAGON BANK PLC

Created 20/12/2023Registered 02/01/2024

CompanyRankvs 117503+ SIC 68100 peers
17

Financial strength60th percentile among SIC peers · 15/25
Employees0th percentile among SIC peers · 0/15
LiquidityCurrent ratio 0× · 2/20
Longevity5 years trading (max 15) · 5/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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117503Progressly Limited
36
How is this score calculated?
Financial strength15/25 pts

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

Employees0/15 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.

Longevity5/15 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

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 31/12/2024

Net Worth

£4k

Balance sheet strength

Cash

£898

Cash in the bank

Net Current Assets

-£532k

Working capital

Current Assets

£898

Current Liabilities

£533k

Fixed Assets

£768k

Tax at Year End

Corp tax£810

Director Loans

Company owes directors£9k

Balance Sheet

Assets less current liabilities£235k
Signed by Mr Taranjit Mundra 16/05/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent Ratio
20240.00
20230.02
20220.01

Derived from filed accounts. Not audited figures.