progress rail leasing uk limited
progress rail leasing uk limited Company Information
Company Number
03681421
Next Accounts
Sep 2025
Shareholders
caterpillar logistics inc
Group Structure
View All
Industry
Other transportation support activities
Registered Address
c/o progress rail services uk lt, osmaston street, nottingham, NG10 5AN
Website
-progress rail leasing uk limited Estimated Valuation
Pomanda estimates the enterprise value of PROGRESS RAIL LEASING UK LIMITED at £1.5m based on a Turnover of £1.2m and 1.24x industry multiple (adjusted for size and gross margin).
progress rail leasing uk limited Estimated Valuation
Pomanda estimates the enterprise value of PROGRESS RAIL LEASING UK LIMITED at £10.9m based on an EBITDA of £1.2m and a 9.39x industry multiple (adjusted for size and gross margin).
progress rail leasing uk limited Estimated Valuation
Pomanda estimates the enterprise value of PROGRESS RAIL LEASING UK LIMITED at £4.5m based on Net Assets of £2.1m and 2.16x industry multiple (adjusted for liquidity).
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Progress Rail Leasing Uk Limited Overview
Progress Rail Leasing Uk Limited is a live company located in nottingham, NG10 5AN with a Companies House number of 03681421. It operates in the other transportation support activities sector, SIC Code 52290. Founded in December 1998, it's largest shareholder is caterpillar logistics inc with a 100% stake. Progress Rail Leasing Uk Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.2m with unknown growth in recent years.
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Progress Rail Leasing Uk Limited Health Check
Pomanda's financial health check has awarded Progress Rail Leasing Uk Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
5 Weak
Size
annual sales of £1.2m, make it smaller than the average company (£12.3m)
£1.2m - Progress Rail Leasing Uk Limited
£12.3m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Progress Rail Leasing Uk Limited
- - Industry AVG
Production
with a gross margin of 100%, this company has a lower cost of product (23.3%)
100% - Progress Rail Leasing Uk Limited
23.3% - Industry AVG
Profitability
an operating margin of 97.8% make it more profitable than the average company (5.2%)
97.8% - Progress Rail Leasing Uk Limited
5.2% - Industry AVG
Employees
with 5 employees, this is below the industry average (47)
- Progress Rail Leasing Uk Limited
47 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Progress Rail Leasing Uk Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £237k, this is equally as efficient (£271.3k)
- Progress Rail Leasing Uk Limited
£271.3k - Industry AVG
Debtor Days
it gets paid by customers after 65 days, this is later than average (45 days)
65 days - Progress Rail Leasing Uk Limited
45 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Progress Rail Leasing Uk Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Progress Rail Leasing Uk Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (16 weeks)
1 weeks - Progress Rail Leasing Uk Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 90.8%, this is a higher level of debt than the average (60.2%)
90.8% - Progress Rail Leasing Uk Limited
60.2% - Industry AVG
PROGRESS RAIL LEASING UK LIMITED financials
Progress Rail Leasing Uk Limited's latest turnover from December 2023 is £1.2 million and the company has net assets of £2.1 million. According to their latest financial statements, we estimate that Progress Rail Leasing Uk Limited has 5 employees and maintains cash reserves of £286 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,185,000 | 819,000 | 37,000 | ||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | 1,185,000 | 819,000 | 37,000 | ||||||||||||
| Admin Expenses | 26,000 | 28,000 | 45,000 | ||||||||||||
| Operating Profit | 1,159,000 | 791,000 | -8,000 | -4,000 | |||||||||||
| Interest Payable | 640,000 | 255,000 | |||||||||||||
| Interest Receivable | 1,000 | 7,000 | 9,000 | ||||||||||||
| Pre-Tax Profit | 519,000 | 537,000 | -1,000 | 5,000 | |||||||||||
| Tax | -122,000 | -102,000 | -6,000 | ||||||||||||
| Profit After Tax | 397,000 | 435,000 | -1,000 | -1,000 | |||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | 397,000 | 435,000 | -1,000 | -1,000 | |||||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | |||||||||||||||
| EBITDA* | 1,159,000 | 791,000 | -8,000 | -4,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | |||||||||||||||
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | 19,847,000 | 9,990,000 | |||||||||||||
| Total Fixed Assets | 19,847,000 | 9,990,000 | |||||||||||||
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 214,000 | 108,000 | 65,000 | ||||||||||||
| Group Debtors | 1,257,000 | 1,244,000 | 1,240,000 | ||||||||||||
| Misc Debtors | 2,088,000 | 1,044,000 | 8,075,000 | ||||||||||||
| Cash | 286,000 | 198,000 | |||||||||||||
| misc current assets | 1,000 | ||||||||||||||
| total current assets | 2,588,000 | 1,350,000 | 9,398,000 | 1,244,000 | 1,240,000 | ||||||||||
| total assets | 22,435,000 | 11,340,000 | 9,398,000 | 1,244,000 | 1,240,000 | ||||||||||
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 4,000 | ||||||||||||||
| Group/Directors Accounts | 9,134,000 | 4,589,000 | 8,151,000 | ||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 273,000 | 196,000 | 5,000 | 5,000 | |||||||||||
| total current liabilities | 9,407,000 | 4,785,000 | 8,160,000 | 5,000 | |||||||||||
| loans | 10,958,000 | 4,882,000 | |||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | 10,958,000 | 4,882,000 | |||||||||||||
| total liabilities | 20,365,000 | 9,667,000 | 8,160,000 | 5,000 | |||||||||||
| net assets | 2,070,000 | 1,673,000 | 1,238,000 | 1,239,000 | 1,240,000 | ||||||||||
| total shareholders funds | 2,070,000 | 1,673,000 | 1,238,000 | 1,239,000 | 1,240,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 1,159,000 | 791,000 | -8,000 | -4,000 | |||||||||||
| Depreciation | |||||||||||||||
| Amortisation | |||||||||||||||
| Tax | -122,000 | -102,000 | -6,000 | ||||||||||||
| Stock | |||||||||||||||
| Debtors | 11,007,000 | 1,745,000 | 8,153,000 | 4,000 | 1,240,000 | ||||||||||
| Creditors | -4,000 | 4,000 | |||||||||||||
| Accruals and Deferred Income | 77,000 | 191,000 | 5,000 | ||||||||||||
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | -9,893,000 | -869,000 | -8,157,000 | -9,000 | -1,240,000 | ||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | 4,545,000 | -3,562,000 | 8,151,000 | ||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | 6,076,000 | 4,882,000 | |||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | -640,000 | -254,000 | 7,000 | 9,000 | |||||||||||
| cash flow from financing | 9,981,000 | 1,066,000 | 8,158,000 | 9,000 | 1,240,000 | ||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 88,000 | 198,000 | |||||||||||||
| overdraft | |||||||||||||||
| change in cash | 88,000 | 198,000 |
progress rail leasing uk limited Credit Report and Business Information
Progress Rail Leasing Uk Limited Competitor Analysis
Perform a competitor analysis for progress rail leasing uk limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other small companies, companies in NG10 area or any other competitors across 12 key performance metrics.
progress rail leasing uk limited Ownership
PROGRESS RAIL LEASING UK LIMITED group structure
Progress Rail Leasing Uk Limited has no subsidiary companies.
Ultimate parent company
CATERPILLAR LOGISTICS INC
#0128836
1 parent
PROGRESS RAIL LEASING UK LIMITED
03681421
progress rail leasing uk limited directors
Progress Rail Leasing Uk Limited currently has 2 directors. The longest serving directors include Mr Jonathan Caen (Mar 2019) and Ms Kelly Zaduck (Jan 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jonathan Caen | England | 58 years | Mar 2019 | - | Director |
| Ms Kelly Zaduck | 49 years | Jan 2021 | - | Director |
P&L
December 2023turnover
1.2m
+45%
operating profit
1.2m
+47%
gross margin
100%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
2.1m
+0.24%
total assets
22.4m
+0.98%
cash
286k
+0.44%
net assets
Total assets minus all liabilities
Similar Companies
progress rail leasing uk limited company details
company number
03681421
Type
Private limited with Share Capital
industry
52290 - Other transportation support activities
incorporation date
December 1998
age
27
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
fg wilson (engineering) limited (February 2019)
eastfield no 20 limited (April 2013)
See moreaccountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
c/o progress rail services uk lt, osmaston street, nottingham, NG10 5AN
Bank
-
Legal Advisor
-
progress rail leasing uk limited Charges & Mortgages
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 did not find charges/mortgages relating to progress rail leasing uk limited.
progress rail leasing uk limited Capital Raised & Share Issues BETA
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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progress rail leasing uk limited Companies House Filings - See Documents
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