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Progressive Automotive Ltd

14229819

active
Private Limited Company
Companies House
Health Score
85 / 100

Healthy

25/30
Filing
20/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)

Details

PROGRESSIVE TECHNOLOGY, NEWBURY, RG14 5TS
Incorporated 12/07/2022

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

29320
Manufacture of other parts and accessories for motor vehicles

Officers

Mr Ross Matthew Pinchin

director · Since 12/07/2022

DIRECTOR

BRITISH · ENGLAND · Age 55

Also on 6 other boards

Mr Robert Lee West

director · Since 12/07/2022

DIRECTOR

BRITISH · UNITED KINGDOM · Age 50

Also on 3 other boards

Persons with Significant Control

Asil Investments Limited

25–50% shares
25–50% votes

Progressive Technology Ltd, Hambridge Lane, Newbury, RG14 5TS

Reg: 11384321 · Companies House · Limited

Notified 31/12/2023

Progressive Investments (Newbury) Ltd

25–50% shares
25–50% votes

Progressive Technology Limited, Hambridge Lane, Newbury, RG14 5TS

Reg: 11010671 · Uk Register Of Companies · Limited Company

Notified 31/12/2023

Former PSCs

Mr Ross Matthew Pinchin

Ceased 31/12/2023

Robert West

Ceased 31/12/2023

CompanyRankvs 987+ SIC 29320 peers
43

Financial strength51th percentile among SIC peers · 13/25
Employees62th percentile among SIC peers · 9/15
LiquidityCurrent ratio 0.19× · 2/20
Longevity4 years trading (max 15) · 4/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength13/25 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.

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.

Longevity4/15 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.

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

Key FinancialsYear ending 30/09/2024

Net Worth

£856

Balance sheet strength

Cash

£24k

Cash in the bank

Net Current Assets

-£139k

Working capital

Current Assets

£33k

Current Liabilities

£172k

Fixed Assets

£140k

Debtors

£9k

2avg. employees

Balance Sheet

Assets less current liabilities£1k
Prepared with CCH Software

EstimatesDerived

YearCurrent Ratio
20240.19

Derived from filed accounts. Not audited figures.