progress accountancy & advice ltd
progress accountancy & advice ltd Company Information
Company Number
08921285
Next Accounts
Dec 2025
Shareholders
dorota wendel
adrian wendel
Group Structure
View All
Industry
Tax consultancy
+2Registered Address
83 kingsland high street, first floor, london, E8 2PB
Website
www.progresstax.co.ukprogress accountancy & advice ltd Estimated Valuation
Pomanda estimates the enterprise value of PROGRESS ACCOUNTANCY & ADVICE LTD at £144.7k based on a Turnover of £199.3k and 0.73x industry multiple (adjusted for size and gross margin).
progress accountancy & advice ltd Estimated Valuation
Pomanda estimates the enterprise value of PROGRESS ACCOUNTANCY & ADVICE LTD at £0 based on an EBITDA of £-13.4k and a 4.66x industry multiple (adjusted for size and gross margin).
progress accountancy & advice ltd Estimated Valuation
Pomanda estimates the enterprise value of PROGRESS ACCOUNTANCY & ADVICE LTD at £397 based on Net Assets of £113 and 3.52x industry multiple (adjusted for liquidity).
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Progress Accountancy & Advice Ltd Overview
Progress Accountancy & Advice Ltd is a live company located in london, E8 2PB with a Companies House number of 08921285. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in March 2014, it's largest shareholder is dorota wendel with a 50% stake. Progress Accountancy & Advice Ltd is a established, micro sized company, Pomanda has estimated its turnover at £199.3k with healthy growth in recent years.
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Progress Accountancy & Advice Ltd Health Check
Pomanda's financial health check has awarded Progress Accountancy & Advice Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs
3 Strong
4 Regular
3 Weak
Size
annual sales of £199.3k, make it larger than the average company (£157.1k)
- Progress Accountancy & Advice Ltd
£157.1k - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a similar rate (7.3%)
- Progress Accountancy & Advice Ltd
7.3% - Industry AVG
Production
with a gross margin of 78.9%, this company has a comparable cost of product (78.9%)
- Progress Accountancy & Advice Ltd
78.9% - Industry AVG
Profitability
an operating margin of -7.6% make it less profitable than the average company (6.7%)
- Progress Accountancy & Advice Ltd
6.7% - Industry AVG
Employees
with 9 employees, this is above the industry average (2)
9 - Progress Accountancy & Advice Ltd
2 - Industry AVG
Pay Structure
on an average salary of £34.4k, the company has an equivalent pay structure (£34.4k)
- Progress Accountancy & Advice Ltd
£34.4k - Industry AVG
Efficiency
resulting in sales per employee of £22.1k, this is less efficient (£72.2k)
- Progress Accountancy & Advice Ltd
£72.2k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (85 days)
- Progress Accountancy & Advice Ltd
85 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Progress Accountancy & Advice Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Progress Accountancy & Advice Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 31 weeks, this is average cash available to meet short term requirements (34 weeks)
31 weeks - Progress Accountancy & Advice Ltd
34 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 99.8%, this is a higher level of debt than the average (60.4%)
99.8% - Progress Accountancy & Advice Ltd
60.4% - Industry AVG
PROGRESS ACCOUNTANCY & ADVICE LTD financials
Progress Accountancy & Advice Ltd's latest turnover from March 2024 is estimated at £199.3 thousand and the company has net assets of £113. According to their latest financial statements, Progress Accountancy & Advice Ltd has 9 employees and maintains cash reserves of £32.3 thousand 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 9 | 7 | 8 | 9 | 9 | 10 | 10 | 5 | 5 | |
| EBITDA* |
* 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 9,945 | 9,611 | 10,754 | 9,854 | 8,935 | 9,142 | 5,552 | 5,767 | 4,842 | |
| Intangible Assets | ||||||||||
| Investments & Other | ||||||||||
| Debtors (Due After 1 year) | 6,250 | 6,250 | 6,250 | 6,250 | 6,250 | |||||
| Total Fixed Assets | 9,945 | 9,611 | 10,754 | 9,854 | 15,185 | 15,392 | 11,802 | 12,017 | 11,092 | |
| Stock & work in progress | ||||||||||
| Trade Debtors | 248 | 12 | 1,170 | 1,523 | 778 | 1,974 | 2,354 | 1,708 | 1,628 | |
| Group Debtors | ||||||||||
| Misc Debtors | 10,448 | 8,262 | 9,535 | 9,535 | 10,094 | 2,851 | 2,851 | 2,851 | 2,886 | |
| Cash | 32,345 | 32,685 | 46,612 | 58,773 | 18,650 | 20,500 | 30,652 | 10,179 | 4,394 | 4,359 |
| misc current assets | 1 | 1 | ||||||||
| total current assets | 43,041 | 40,960 | 57,318 | 69,831 | 29,522 | 25,325 | 35,857 | 14,738 | 8,908 | 4,359 |
| total assets | 52,986 | 50,571 | 68,072 | 79,685 | 44,707 | 40,717 | 47,659 | 26,755 | 20,000 | 4,359 |
| Bank overdraft | ||||||||||
| Bank loan | ||||||||||
| Trade Creditors | 2,626 | |||||||||
| Group/Directors Accounts | 9,543 | 16,274 | 2,500 | |||||||
| other short term finances | ||||||||||
| hp & lease commitments | ||||||||||
| other current liabilities | 52,873 | 37,012 | 43,011 | 39,833 | 31,162 | 30,345 | 30,217 | 17,040 | 12,061 | |
| total current liabilities | 52,873 | 37,012 | 52,554 | 56,107 | 31,162 | 30,345 | 32,717 | 17,040 | 12,061 | 2,626 |
| loans | ||||||||||
| hp & lease commitments | ||||||||||
| Accruals and Deferred Income | ||||||||||
| other liabilities | ||||||||||
| provisions | ||||||||||
| total long term liabilities | ||||||||||
| total liabilities | 52,873 | 37,012 | 52,554 | 56,107 | 31,162 | 30,345 | 32,717 | 17,040 | 12,061 | 2,626 |
| net assets | 113 | 13,559 | 15,518 | 23,578 | 13,545 | 10,372 | 14,942 | 9,715 | 7,939 | 1,733 |
| total shareholders funds | 113 | 13,559 | 15,518 | 23,578 | 13,545 | 10,372 | 14,942 | 9,715 | 7,939 | 1,733 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | ||||||||||
| Depreciation | 1,797 | 1,684 | 1,891 | 1,798 | 1,545 | 1,531 | 681 | 676 | 421 | |
| Amortisation | ||||||||||
| Tax | ||||||||||
| Stock | ||||||||||
| Debtors | 2,422 | -2,431 | -353 | -6,064 | 6,047 | -380 | 646 | 45 | 10,764 | |
| Creditors | -2,626 | 2,626 | ||||||||
| Accruals and Deferred Income | 15,861 | -5,999 | 3,178 | 8,671 | 817 | 128 | 13,177 | 4,979 | 12,061 | |
| Deferred Taxes & Provisions | ||||||||||
| Cash flow from operations | ||||||||||
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | ||||||||||
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | ||||||||||
| Group/Directors Accounts | -9,543 | -6,731 | 16,274 | -2,500 | 2,500 | |||||
| Other Short Term Loans | ||||||||||
| Long term loans | ||||||||||
| Hire Purchase and Lease Commitments | ||||||||||
| other long term liabilities | ||||||||||
| share issue | ||||||||||
| interest | ||||||||||
| cash flow from financing | ||||||||||
| cash and cash equivalents | ||||||||||
| cash | -340 | -13,927 | -12,161 | 40,123 | -1,850 | -10,152 | 20,473 | 5,785 | 35 | 4,359 |
| overdraft | ||||||||||
| change in cash | -340 | -13,927 | -12,161 | 40,123 | -1,850 | -10,152 | 20,473 | 5,785 | 35 | 4,359 |
progress accountancy & advice ltd Credit Report and Business Information
Progress Accountancy & Advice Ltd Competitor Analysis
Perform a competitor analysis for progress accountancy & advice ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in E 8 area or any other competitors across 12 key performance metrics.
progress accountancy & advice ltd Ownership
PROGRESS ACCOUNTANCY & ADVICE LTD group structure
Progress Accountancy & Advice Ltd has no subsidiary companies.
Ultimate parent company
PROGRESS ACCOUNTANCY & ADVICE LTD
08921285
progress accountancy & advice ltd directors
Progress Accountancy & Advice Ltd currently has 2 directors. The longest serving directors include Ms Dorota Wendel (Mar 2014) and Mr Adrian Wendel (Mar 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Dorota Wendel | 57 years | Mar 2014 | - | Director | |
| Mr Adrian Wendel | 35 years | Mar 2017 | - | Director |
P&L
March 2024turnover
199.3k
+39%
operating profit
-15.2k
0%
gross margin
79%
-2.62%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
113
-0.99%
total assets
53k
+0.05%
cash
32.3k
-0.01%
net assets
Total assets minus all liabilities
progress accountancy & advice ltd company details
company number
08921285
Type
Private limited with Share Capital
industry
69202 - Bookkeeping activities
69203 - Tax consultancy
69201 - Accounting, and auditing activities
incorporation date
March 2014
age
11
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2024
previous names
progress accountancy & advise ltd (April 2018)
accountant
-
auditor
-
address
83 kingsland high street, first floor, london, E8 2PB
Bank
-
Legal Advisor
-
progress accountancy & advice ltd 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 accountancy & advice ltd.
progress accountancy & advice ltd 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 accountancy & advice ltd Companies House Filings - See Documents
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