Progressive Energy Net Zero A Limited
14180077
Some Concerns
- No accounts filed in last 18 months (-5)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 17/06/2022
DIRECTOR
BRITISH · ENGLAND · Age 52
Also on 3 other boards
director · Since 17/06/2022
CHARTERED ENGINEER
BRITISH · ENGLAND · Age 49
Also on 4 other boards
CompanyRankvs 460+ SIC 20110 peers32
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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.
Risk deductions
Going concern doubt: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
company's parent. Progressive Energy Limited will continue to support the company and will not recall the loan whilst it would adversely impact the company's ability to continue as a going concern. However, included in debtors is a balance of £732,563 being £1,282,807 due from a joint venture in which the company owns 33.3% (see note 5) less a 50% provision against this balance amounting to £5
Key FinancialsYear ending 30/09/2024
Net Worth
£100
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
-£635k
Working capital
Current Assets
—
Current Liabilities
£1.4M
Debtors
£776k
Balance Sheet