Progress Pumps Limited

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progress pumps limited Company Information

Live

MatureSmallHealthy

Company Number

01952238

Next Accounts

Dec 2025

Industry

Manufacture of pumps

Directors

Stephen Phillips

Shareholders

mr stephen phillips

Group Structure

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Contact

Registered Address

75 henley crescent, leicester, LE3 2SB

Website

www.progresspumps.co.uk

progress pumps limited Estimated Valuation

£869k

Pomanda estimates the enterprise value of PROGRESS PUMPS LIMITED at £869k based on a Turnover of £1.4m and 0.64x industry multiple (adjusted for size and gross margin).

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Progress Pumps Limited is a live company located in leicester, LE3 2SB with a Companies House number of 01952238. It operates in the manufacture of pumps sector, SIC Code 28131. Founded in October 1985, it's largest shareholder is mr stephen phillips with a 100% stake. Progress Pumps Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.4m with healthy growth in recent years.

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Pomanda's financial health check has awarded Progress Pumps Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1out of 5

1 Strong

1 Regular

8 Weak

Size

annual sales of £1.4m, make it smaller than the average company (£17.2m)

Growth

3 year (CAGR) sales growth of 5%, show it is growing at a slower rate (8.4%)

EXPORT

Progress Pumps Limited's latest turnover from March 2024 is estimated at £1.4 million and the company has net assets of £51.5 thousand. According to their latest financial statements, Progress Pumps Limited has 8 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	1,360,571	861,067	858,419	1,184,997	712,446	604,827	531,362	650,849	397,002	219,825	197,106	311,617	183,608	567,050	172,548
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,059,181	687,289	675,652	928,448	549,181	465,221	411,504	490,599	302,158	167,717	155,196	238,741	142,978	427,461	136,542
Gross Profit	301,390	173,779	182,767	256,549	163,264	139,606	119,857	160,250	94,844	52,108	41,910	72,876	40,630	139,588	36,006
Admin Expenses	303,725	149,758	212,983	242,845	157,920	150,280	134,957	125,684	59,444	42,801	53,090	90,881	58,395	86,217	8,431
Operating Profit	-2,335	24,021	-30,216	13,704	5,344	-10,674	-15,100	34,566	35,400	9,307	-11,180	-18,005	-17,765	53,371	27,575
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	0	0	0	27	27	50	153	106	3
Pre-Tax Profit	-2,335	24,021	-30,216	13,704	5,344	-10,674	-15,100	34,566	35,400	9,334	-11,153	-17,955	-17,612	53,478	27,578
Tax	0	-4,564	0	-2,604	-1,015	0	0	-6,913	-7,080	-1,960	0	0	0	-14,974	-7,722
Profit After Tax	-2,335	19,457	-30,216	11,100	4,329	-10,674	-15,100	27,653	28,320	7,374	-11,153	-17,955	-17,612	38,504	19,856
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-2,335	19,457	-30,216	11,100	4,329	-10,674	-15,100	27,653	28,320	7,374	-11,153	-17,955	-17,612	38,504	19,856
Employee Costs	432,427	406,556	400,527	396,918	315,171	263,853	256,132	242,188	78,679	37,823	37,574	74,074	37,028	109,054	36,957
Number Of Employees	8	8	8	9	7	6	6	6	2	1	1	2	1	3	1
EBITDA*	-2,335	24,021	-30,216	13,704	5,344	-10,674	-15,100	34,566	35,400	9,307	-9,541	-17,415	-12,621	61,572	34,210

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	19,437	34,113	35,250	13,426	23,217	11,536	16,893	13,974	12,949	6,368	4,490	1,979	2,570	8,239	11,440
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	19,437	34,113	35,250	13,426	23,217	11,536	16,893	13,974	12,949	6,368	4,490	1,979	2,570	8,239	11,440
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	2,500	2,500	2,500
Trade Debtors	314,548	168,256	146,914	292,206	145,470	131,863	117,048	168,098	103,651	56,746	46,001	81,213	65,578	197,734	53,610
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	78	75	74	202	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	0	0	0	10,865	17	19,944	41,373	1,206
misc current assets	0	0	0	0	0	1,248	1,023	937	1,402	781	0	0	0	0	0
total current assets	314,548	168,334	146,989	292,280	145,672	133,111	118,071	169,035	105,053	57,527	56,866	81,230	88,022	241,607	57,316
total assets	333,985	202,447	182,239	305,706	168,889	144,647	134,964	183,009	118,002	63,895	61,356	83,209	90,592	249,846	68,756
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	267,783	104,579	89,052	190,849	102,083	93,834	70,614	100,435	57,496	43,481	49,666	60,366	49,771	190,352	45,619
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	267,783	104,579	89,052	190,849	102,083	93,834	70,614	100,435	57,496	43,481	49,666	60,366	49,771	190,352	45,619
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	880	880	840	908	800	1,600	1,600	1,600	4,061	1,400	0	0	0	0	0
other liabilities	13,774	43,105	57,921	49,307	12,464	0	2,863	5,987	9,111	0	0	0	0	0	3,231
provisions	0	0	0	0	0	0	0	0	0	0	0	0	23	1,084	0
total long term liabilities	14,654	43,985	58,761	50,215	13,264	1,600	4,463	7,587	13,172	1,400	0	0	23	1,084	3,231
total liabilities	282,437	148,564	147,813	241,064	115,347	95,434	75,077	108,022	70,668	44,881	49,666	60,366	49,794	191,436	48,850
net assets	51,548	53,883	34,426	64,642	53,542	49,213	59,887	74,987	47,334	19,014	11,690	22,843	40,798	58,410	19,906
total shareholders funds	51,548	53,883	34,426	64,642	53,542	49,213	59,887	74,987	47,334	19,014	11,690	22,843	40,798	58,410	19,906

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	-2,335	24,021	-30,216	13,704	5,344	-10,674	-15,100	34,566	35,400	9,307	-11,180	-18,005	-17,765	53,371	27,575
Depreciation	0	0	0	0	0	0	0	0	0	0	1,639	590	5,144	8,201	6,635
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-4,564	0	-2,604	-1,015	0	0	-6,913	-7,080	-1,960	0	0	0	-14,974	-7,722
Stock	0	0	0	0	0	0	0	0	0	0	0	-2,500	0	0	2,500
Debtors	146,214	21,345	-145,291	146,608	13,809	14,815	-51,050	64,447	46,905	10,745	-35,212	15,635	-132,156	144,124	53,610
Creditors	163,204	15,527	-101,797	88,766	8,249	23,220	-29,821	42,939	14,015	-6,185	-10,700	10,595	-140,581	144,733	45,619
Accruals and Deferred Income	0	40	-68	108	-800	0	0	-2,461	2,661	1,400	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	-23	-1,061	1,084	0
Cash flow from operations	14,655	13,679	13,210	-46,634	-2,031	-2,269	6,129	3,684	-1,909	-8,183	14,971	-19,978	-22,107	48,291	15,997
Investing Activities
capital expenditure	14,676	1,137	-21,824	9,791	-11,681	5,357	-2,919	-1,025	-6,581	-1,878	-4,150	1	525	-5,000	-18,075
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	14,676	1,137	-21,824	9,791	-11,681	5,357	-2,919	-1,025	-6,581	-1,878	-4,150	1	525	-5,000	-18,075
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-29,331	-14,816	8,614	36,843	12,464	-2,863	-3,124	-3,124	9,111	0	0	0	0	-3,231	3,231
share issue	0	0	0	0	0	0	0	0	0	-50	0	0	0	0	50
interest	0	0	0	0	0	0	0	0	0	27	27	50	153	106	3
cash flow from financing	-29,331	-14,816	8,614	36,843	12,464	-2,863	-3,124	-3,124	9,111	-23	27	50	153	-3,125	3,284
cash and cash equivalents
cash	0	0	0	0	0	0	0	0	0	-10,865	10,848	-19,927	-21,429	40,167	1,206
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	0	0	0	-10,865	10,848	-19,927	-21,429	40,167	1,206

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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PROGRESS PUMPS LIMITED group structure

Progress Pumps Limited has no subsidiary companies.

Ultimate parent company

PROGRESS PUMPS LIMITED

01952238

PROGRESS PUMPS LIMITED Shareholders

mr stephen phillips

100%

Progress Pumps Limited currently has 1 director, Mr Stephen Phillips serving since Sep 2004.

officer	country	age	start	end	role
Mr Stephen Phillips		49 years	Sep 2004	-	Director

P&L

March 2024

turnover

1.4m

+58%

operating profit

-2.3k

gross margin

22.2%

+9.76%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2024

net assets

51.5k

-0.04%

total assets

334k

+0.65%

cash

net assets

Total assets minus all liabilities

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company number

01952238

Type

Private limited with Share Capital

industry

28131 - Manufacture of pumps

incorporation date

October 1985

ultimate parent company

None

previous names

N/A

address

75 henley crescent, leicester, LE3 2SB

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 1 charges/mortgages relating to progress pumps limited. Currently there are 1 open charges and 0 have been satisfied in the past.

progress pumps limited Company Information

progress pumps limited Estimated Valuation

progress pumps limited Estimated Valuation

progress pumps limited Estimated Valuation

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