Progressive Textiles Limited

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progressive textiles limited Company Information

Company Number

02208182

Next Accounts

Mar 2025

Directors

Abraham Shapir

Shareholders

mr abraham shapir

ann margaret shapir

Group Structure

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Industry

Other business support service activities n.e.c.

Registered Address

c/o pollock accounting, 3-4 sentinel square, london, NW4 2EL

Website

www.progressivetextiles.com

progressive textiles limited Estimated Valuation

£57.3k

Pomanda estimates the enterprise value of PROGRESSIVE TEXTILES LIMITED at £57.3k based on Net Assets of £25k and 2.3x industry multiple (adjusted for liquidity).

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Progressive Textiles Limited is a dissolved company that was located in london, NW4 2EL with a Companies House number of 02208182. It operated in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in December 1987, it's largest shareholder was mr abraham shapir with a 99% stake. The last turnover for Progressive Textiles Limited was estimated at £80.6k.

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Pomanda's financial health check has awarded Progressive Textiles Limited a 1.5 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 Rating1.5out of 5

1 Strong

1 Regular

8 Weak

Size

annual sales of £80.6k, make it smaller than the average company (£2.2m)

Growth

3 year (CAGR) sales growth of -53%, show it is growing at a slower rate (2.2%)

EXPORT

Progressive Textiles Limited's latest turnover from March 2021 is estimated at £80.6 thousand and the company has net assets of £25 thousand. According to their latest financial statements, we estimate that Progressive Textiles Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	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	80,554	178,060	768,381	773,976	406,183	581,983	674,047	698,887	605,414	600,244	634,691	586,417
Other Income Or Grants
Cost Of Sales	68,027	147,615	641,031	645,040	334,617	481,356	561,451	582,451	501,120	491,923	517,178	472,627
Gross Profit	12,527	30,445	127,350	128,936	71,566	100,626	112,596	116,436	104,294	108,321	117,513	113,789
Admin Expenses	37,167	9,589	134,365	133,006	81,079	102,021	93,615	110,117	93,320	97,658	117,165	90,067
Operating Profit	-24,640	20,856	-7,015	-4,070	-9,513	-1,395	18,981	6,319	10,974	10,663	348	23,722
Interest Payable
Interest Receivable				152	124	276	310	242	216	126	37	15
Pre-Tax Profit	-24,640	20,856	-7,015	-3,918	-9,389	-1,119	19,291	6,561	11,191	10,789	385	23,738
Tax		-3,963					-4,051	-1,509	-2,686	-2,805	-108	-6,646
Profit After Tax	-24,640	16,893	-7,015	-3,918	-9,389	-1,119	15,240	5,052	8,505	7,984	277	17,091
Dividends Paid
Retained Profit	-24,640	16,893	-7,015	-3,918	-9,389	-1,119	15,240	5,052	8,505	7,984	277	17,091
Employee Costs	40,281	39,834	115,797	109,197	71,083	71,328	106,665	105,942	69,618	69,429	102,888	70,778
Number Of Employees	1	1	3	3	2	2	3	3	2	2	3	2
EBITDA*	-24,640	20,856	-7,015	-4,070	-9,513	-1,395	18,981	6,319	10,974	10,663	348	23,722

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
Stock & work in progress
Trade Debtors	28,201	60,612	210,312	216,062	89,656	122,048	158,095	162,766	142,831	144,025	165,768	157,364
Group Debtors
Misc Debtors					68,919	68,919
Cash					60,906	38,622	71,915	52,004	44,753	41,822	8,602	6,024
misc current assets					21
total current assets	28,201	60,612	210,312	216,062	219,502	229,589	230,010	214,770	187,584	185,847	174,370	163,388
total assets	28,201	60,612	210,312	216,062	219,502	229,589	230,010	214,770	187,584	185,847	174,370	163,388
Bank overdraft
Bank loan
Trade Creditors	3,240	11,011	177,604	176,339			175,761	175,761	153,627	160,395	156,902	146,197
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities					175,761	176,459
total current liabilities	3,240	11,011	177,604	176,339	175,761	176,459	175,761	175,761	153,627	160,395	156,902	146,197
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities	3,240	11,011	177,604	176,339	175,761	176,459	175,761	175,761	153,627	160,395	156,902	146,197
net assets	24,961	49,601	32,708	39,723	43,741	53,130	54,249	39,009	33,957	25,452	17,468	17,191
total shareholders funds	24,961	49,601	32,708	39,723	43,741	53,130	54,249	39,009	33,957	25,452	17,468	17,191

	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	-24,640	20,856	-7,015	-4,070	-9,513	-1,395	18,981	6,319	10,974	10,663	348	23,722
Depreciation
Amortisation
Tax		-3,963					-4,051	-1,509	-2,686	-2,805	-108	-6,646
Stock
Debtors	-32,411	-149,700	-5,750	57,487	-32,392	32,872	-4,671	19,935	-1,194	-21,743	8,404	157,364
Creditors	-7,771	-166,593	1,265	176,339		-175,761		22,134	-6,768	3,493	10,705	146,197
Accruals and Deferred Income				-175,761	-698	176,459
Deferred Taxes & Provisions
Cash flow from operations				-60,979	22,181	-33,569	19,601	7,009	2,714	33,094	2,541	5,909
Investing Activities
capital expenditure
Change in Investments
cash flow from investments
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue				-100								100
interest				152	124	276	310	242	216	126	37	15
cash flow from financing				52	124	276	310	242	216	126	37	115
cash and cash equivalents
cash				-60,906	22,284	-33,293	19,911	7,251	2,931	33,220	2,578	6,024
overdraft
change in cash				-60,906	22,284	-33,293	19,911	7,251	2,931	33,220	2,578	6,024

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for progressive textiles limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other undefined companies, companies in NW4 area or any other competitors across 12 key performance metrics.

PROGRESSIVE TEXTILES LIMITED group structure

Progressive Textiles Limited has no subsidiary companies.

Ultimate parent company

PROGRESSIVE TEXTILES LIMITED

02208182

PROGRESSIVE TEXTILES LIMITED Shareholders

mr abraham shapir	99%
ann margaret shapir	1%

Progressive Textiles Limited currently has 1 director, Mr Abraham Shapir serving since Jun 1991.

officer	country	age	start	end	role
Mr Abraham Shapir	United Kingdom	90 years	Jun 1991	-	Director

P&L

March 2021

turnover

80.6k

-55%

operating profit

-24.6k

gross margin

15.6%

-9.05%

turnover

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

Balance Sheet

March 2021

net assets

25k

-0.5%

total assets

28.2k

-0.53%

cash

net assets

Total assets minus all liabilities

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company number

02208182

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

December 1987

ultimate parent company

None

previous names

N/A

address

c/o pollock accounting, 3-4 sentinel square, london, NW4 2EL

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 progressive textiles limited. Currently there are 0 open charges and 1 have been satisfied in the past.

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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progressive textiles limited Company Information

progressive textiles limited Estimated Valuation

progressive textiles limited Estimated Valuation

progressive textiles limited Estimated Valuation

Progressive Textiles Limited Overview

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PROGRESSIVE TEXTILES LIMITED financials

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