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Progressive Auto Services Ltd

15136861

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

203 WEST STREET, FAREHAM, PO16 0EN
Incorporated 13/09/2023

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

45200
Maintenance and repair of motor vehicles

Officers

Mr Marc Ashley Stevens

director · Since 13/09/2023

ENGINEER

BRITISH · ENGLAND · Age 38

Also on 2 other boards

Persons with Significant Control

Mr Marc Ashley Stevens

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

British · England · Age 38

203, West Street, Fareham, PO16 0EN

Notified 13/09/2023

CompanyRankvs 40397+ SIC 45200 peers
24

Financial strength17th percentile among SIC peers · 4/25
Employees0th percentile among SIC peers · 0/15
LiquidityCurrent ratio 0.06× · 2/20
Longevity3 years trading (max 15) · 3/15
Filing complianceAll filings up to date · 15/15
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40397Progressive Auto Services Ltd
23
How is this score calculated?
Financial strength4/25 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.

Longevity3/15 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 30/09/2025

Net Worth

-£985

Balance sheet strength

Cash

£217

Cash in the bank

Net Current Assets

-£4k

Working capital

Current Assets

£217

Current Liabilities

£4k

Fixed Assets

£3k

Balance Sheet

Assets less current liabilities-£985
Signed by Mr Marc Stevens 18/10/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent Ratio
20250.06

Derived from filed accounts. Not audited figures.