progress vehicle management limited
progress vehicle management limited Company Information
Company Number
03969191
Next Accounts
18 days late
Shareholders
pvm holdings limited
Group Structure
View All
Industry
Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.
Registered Address
progress business park hillside, rushmore hill, knockholt, sevenoaks, TN14 7NL
progress vehicle management limited Estimated Valuation
Pomanda estimates the enterprise value of PROGRESS VEHICLE MANAGEMENT LIMITED at £6.9m based on a Turnover of £9.4m and 0.74x industry multiple (adjusted for size and gross margin).
progress vehicle management limited Estimated Valuation
Pomanda estimates the enterprise value of PROGRESS VEHICLE MANAGEMENT LIMITED at £6m based on an EBITDA of £1.1m and a 5.3x industry multiple (adjusted for size and gross margin).
progress vehicle management limited Estimated Valuation
Pomanda estimates the enterprise value of PROGRESS VEHICLE MANAGEMENT LIMITED at £3.4m based on Net Assets of £1.5m and 2.3x industry multiple (adjusted for liquidity).
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Progress Vehicle Management Limited Overview
Progress Vehicle Management Limited is a live company located in knockholt, TN14 7NL with a Companies House number of 03969191. It operates in the other professional, scientific and technical activities n.e.c. sector, SIC Code 74909. Founded in April 2000, it's largest shareholder is pvm holdings limited with a 100% stake. Progress Vehicle Management Limited is a mature, mid sized company, Pomanda has estimated its turnover at £9.4m with healthy growth in recent years.
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Progress Vehicle Management Limited Health Check
Pomanda's financial health check has awarded Progress Vehicle Management Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
5 Weak
Size
annual sales of £9.4m, make it larger than the average company (£1.8m)
- Progress Vehicle Management Limited
£1.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (5.8%)
- Progress Vehicle Management Limited
5.8% - Industry AVG
Production
with a gross margin of 44.6%, this company has a comparable cost of product (44.6%)
- Progress Vehicle Management Limited
44.6% - Industry AVG
Profitability
an operating margin of 1.6% make it less profitable than the average company (6%)
- Progress Vehicle Management Limited
6% - Industry AVG
Employees
with 76 employees, this is above the industry average (17)
76 - Progress Vehicle Management Limited
17 - Industry AVG
Pay Structure
on an average salary of £49.8k, the company has an equivalent pay structure (£49.8k)
- Progress Vehicle Management Limited
£49.8k - Industry AVG
Efficiency
resulting in sales per employee of £123.6k, this is equally as efficient (£118k)
- Progress Vehicle Management Limited
£118k - Industry AVG
Debtor Days
it gets paid by customers after 80 days, this is later than average (57 days)
- Progress Vehicle Management Limited
57 days - Industry AVG
Creditor Days
its suppliers are paid after 12 days, this is quicker than average (33 days)
- Progress Vehicle Management Limited
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Progress Vehicle Management Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (28 weeks)
2 weeks - Progress Vehicle Management Limited
28 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 70.2%, this is a higher level of debt than the average (52.9%)
70.2% - Progress Vehicle Management Limited
52.9% - Industry AVG
PROGRESS VEHICLE MANAGEMENT LIMITED financials
Progress Vehicle Management Limited's latest turnover from June 2023 is estimated at £9.4 million and the company has net assets of £1.5 million. According to their latest financial statements, Progress Vehicle Management Limited has 76 employees and maintains cash reserves of £83.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | ||||||||||||||
| Interest Payable | ||||||||||||||
| Interest Receivable | ||||||||||||||
| Pre-Tax Profit | ||||||||||||||
| Tax | ||||||||||||||
| Profit After Tax | ||||||||||||||
| Dividends Paid | ||||||||||||||
| Retained Profit | ||||||||||||||
| Employee Costs | ||||||||||||||
| Number Of Employees | 76 | 68 | 67 | 61 | 61 | 60 | 50 | 50 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,552,863 | 1,901,788 | 1,427,194 | 1,236,172 | 1,364,987 | 2,006,279 | 2,074,238 | 1,604,885 | 1,464,332 | 1,185,069 | 870,418 | 940,234 | 1,484,481 | 2,157,211 |
| Intangible Assets | ||||||||||||||
| Investments & Other | ||||||||||||||
| Debtors (Due After 1 year) | ||||||||||||||
| Total Fixed Assets | 2,552,863 | 1,901,788 | 1,427,194 | 1,236,172 | 1,364,987 | 2,006,279 | 2,074,238 | 1,604,885 | 1,464,332 | 1,185,069 | 870,418 | 940,234 | 1,484,481 | 2,157,211 |
| Stock & work in progress | ||||||||||||||
| Trade Debtors | 2,076,604 | 1,924,219 | 2,188,265 | 1,212,121 | 2,163,993 | 1,581,485 | 1,404,396 | 2,203,162 | 2,308,014 | 2,143,429 | 2,202,163 | 1,858,522 | 1,647,123 | 1,015,502 |
| Group Debtors | 220,505 | 883,570 | 1,844,627 | |||||||||||
| Misc Debtors | 65,623 | 310,421 | 835,091 | 1,725,482 | 1,593,642 | 1,184,540 | 956,023 | |||||||
| Cash | 83,844 | 27,298 | 660,644 | 1,345,700 | 23,873 | 35,185 | 156,185 | 26,213 | 18,394 | 101,037 | 19,078 | 17,146 | 33,329 | 17,581 |
| misc current assets | ||||||||||||||
| total current assets | 2,446,576 | 3,145,508 | 5,528,627 | 4,283,303 | 3,781,508 | 2,801,210 | 2,516,604 | 2,229,375 | 2,326,408 | 2,244,466 | 2,221,241 | 1,875,668 | 1,680,452 | 1,033,083 |
| total assets | 4,999,439 | 5,047,296 | 6,955,821 | 5,519,475 | 5,146,495 | 4,807,489 | 4,590,842 | 3,834,260 | 3,790,740 | 3,429,535 | 3,091,659 | 2,815,902 | 3,164,933 | 3,190,294 |
| Bank overdraft | 50,000 | 257,748 | 228,523 | 30,000 | 353,466 | 135,388 | 257,773 | |||||||
| Bank loan | ||||||||||||||
| Trade Creditors | 177,211 | 321,650 | 448,994 | 276,229 | 451,869 | 388,707 | 146,879 | 81,979 | 1,363,794 | 1,114,751 | 999,295 | 971,793 | 1,341,893 | 1,266,879 |
| Group/Directors Accounts | 160,000 | |||||||||||||
| other short term finances | ||||||||||||||
| hp & lease commitments | 889,104 | 629,324 | ||||||||||||
| other current liabilities | 1,922,323 | 1,872,167 | 3,264,942 | 2,544,195 | 1,976,066 | 1,703,017 | 523,534 | 288,134 | ||||||
| total current liabilities | 2,149,534 | 2,611,565 | 3,942,459 | 2,850,424 | 2,781,401 | 2,091,724 | 1,694,905 | 1,257,210 | 1,363,794 | 1,114,751 | 999,295 | 971,793 | 1,341,893 | 1,266,879 |
| loans | 172,764 | 198,119 | 250,000 | 26,270 | 56,473 | |||||||||
| hp & lease commitments | 940,608 | 705,170 | ||||||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | 1,175,425 | 836,876 | 648,573 | 666,250 | 498,185 | 689,712 | 599,675 | 516,876 | 408,569 | 329,949 | 434,295 | 742,988 | ||
| provisions | 13,724 | 17,447 | 69,300 | 71,192 | 90,111 | 131,682 | 122,580 | 71,753 | 45,754 | |||||
| total long term liabilities | 1,361,913 | 1,034,995 | 898,573 | 692,520 | 554,658 | 707,159 | 1,009,908 | 776,362 | 689,786 | 648,558 | 531,149 | 401,702 | 480,049 | 742,988 |
| total liabilities | 3,511,447 | 3,646,560 | 4,841,032 | 3,542,944 | 3,336,059 | 2,798,883 | 2,704,813 | 2,033,572 | 2,053,580 | 1,763,309 | 1,530,444 | 1,373,495 | 1,821,942 | 2,009,867 |
| net assets | 1,487,992 | 1,400,736 | 2,114,789 | 1,976,531 | 1,810,436 | 2,008,606 | 1,886,029 | 1,800,688 | 1,737,160 | 1,666,226 | 1,561,215 | 1,442,407 | 1,342,991 | 1,180,427 |
| total shareholders funds | 1,487,992 | 1,400,736 | 2,114,789 | 1,976,531 | 1,810,436 | 2,008,606 | 1,886,029 | 1,800,688 | 1,737,160 | 1,666,226 | 1,561,215 | 1,442,407 | 1,342,991 | 1,180,427 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | ||||||||||||||
| Depreciation | 976,818 | 592,240 | 585,377 | 694,763 | 867,804 | 854,088 | 724,052 | 641,377 | 598,551 | 490,453 | 548,309 | 634,076 | 892,130 | 1,013,464 |
| Amortisation | ||||||||||||||
| Tax | ||||||||||||||
| Stock | ||||||||||||||
| Debtors | -755,478 | -1,749,773 | 1,930,380 | -820,032 | 991,610 | 405,606 | 157,257 | -104,852 | 164,585 | -58,734 | 343,641 | 211,399 | 631,621 | 1,015,502 |
| Creditors | -144,439 | -127,344 | 172,765 | -175,640 | 63,162 | 241,828 | 64,900 | -1,281,815 | 249,043 | 115,456 | 27,502 | -370,100 | 75,014 | 1,266,879 |
| Accruals and Deferred Income | 50,156 | -1,392,775 | 720,747 | 568,129 | 273,049 | 1,179,483 | 235,400 | 288,134 | ||||||
| Deferred Taxes & Provisions | 13,724 | -17,447 | -51,853 | -1,892 | -18,919 | -41,571 | 9,102 | 50,827 | 25,999 | 45,754 | ||||
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | ||||||||||||||
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | ||||||||||||||
| Group/Directors Accounts | -160,000 | 160,000 | ||||||||||||
| Other Short Term Loans | ||||||||||||||
| Long term loans | -25,355 | -51,881 | 223,730 | -30,203 | 56,473 | |||||||||
| Hire Purchase and Lease Commitments | -1,829,712 | 495,218 | 1,334,494 | |||||||||||
| other long term liabilities | 338,549 | 188,303 | -17,677 | 168,065 | -191,527 | 689,712 | -599,675 | 82,799 | 108,307 | 78,620 | -104,346 | -308,693 | 742,988 | |
| share issue | ||||||||||||||
| interest | ||||||||||||||
| cash flow from financing | ||||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | 56,546 | -633,346 | -685,056 | 1,321,827 | -11,312 | -121,000 | 129,972 | 7,819 | -82,643 | 81,959 | 1,932 | -16,183 | 15,748 | 17,581 |
| overdraft | -207,748 | 29,225 | 198,523 | -323,466 | 353,466 | -135,388 | -122,385 | 257,773 | ||||||
| change in cash | 264,294 | -662,571 | -883,579 | 1,645,293 | -364,778 | 14,388 | 252,357 | -249,954 | -82,643 | 81,959 | 1,932 | -16,183 | 15,748 | 17,581 |
progress vehicle management limited Credit Report and Business Information
Progress Vehicle Management Limited Competitor Analysis
Perform a competitor analysis for progress vehicle management limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mid companies, companies in TN14 area or any other competitors across 12 key performance metrics.
progress vehicle management limited Ownership
PROGRESS VEHICLE MANAGEMENT LIMITED group structure
Progress Vehicle Management Limited has 1 subsidiary company.
Ultimate parent company
1 parent
PROGRESS VEHICLE MANAGEMENT LIMITED
03969191
1 subsidiary
progress vehicle management limited directors
Progress Vehicle Management Limited currently has 3 directors. The longest serving directors include Mr Brian Keating (Apr 2000) and Mr Gary Mason (Sep 2006).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Brian Keating | 59 years | Apr 2000 | - | Director | |
| Mr Gary Mason | 48 years | Sep 2006 | - | Director | |
| Mr Christopher Hill | United Kingdom | 54 years | Apr 2011 | - | Director |
P&L
June 2023turnover
9.4m
+11%
operating profit
150.9k
0%
gross margin
44.6%
+3.07%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
1.5m
+0.06%
total assets
5m
-0.01%
cash
83.8k
+2.07%
net assets
Total assets minus all liabilities
progress vehicle management limited company details
company number
03969191
Type
Private limited with Share Capital
industry
74909 - Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.
incorporation date
April 2000
age
25
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
June 2023
previous names
progress vehicle hire limited (November 2000)
accountant
-
auditor
-
address
progress business park hillside, rushmore hill, knockholt, sevenoaks, TN14 7NL
Bank
-
Legal Advisor
-
progress vehicle management 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 found 5 charges/mortgages relating to progress vehicle management limited. Currently there are 4 open charges and 1 have been satisfied in the past.
progress vehicle management 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.
Click to start generating capital raising & share issue transactions for PROGRESS VEHICLE MANAGEMENT LIMITED. This can take several minutes, an email will notify you when this has completed.
progress vehicle management limited Companies House Filings - See Documents
| date | description | view/download |
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