Progress Warehouses Limited

POWER SEARCH PRICING

SOLUTIONS

progress warehouses limited Company Information

Live

YoungSmallHealthy

Company Number

10007524

Website

Registered Address

88 crawford street, london, W1H 2EJ

Industry

Development of building projects

Telephone

Next Accounts Due

December 2024

Group Structure

View All

Directors

Edwin Shuker8 Years

Shareholders

andover properties limited 100%

progress warehouses limited Estimated Valuation

£1.8m

Pomanda estimates the enterprise value of PROGRESS WAREHOUSES LIMITED at £1.8m based on a Turnover of £4.7m and 0.39x industry multiple (adjusted for size and gross margin).

Edit your figures and get a professional valuation report.

Progress Warehouses Limited is a live company located in london, W1H 2EJ with a Companies House number of 10007524. It operates in the development of building projects sector, SIC Code 41100. Founded in February 2016, it's largest shareholder is andover properties limited with a 100% stake. Progress Warehouses Limited is a young, small sized company, Pomanda has estimated its turnover at £4.7m with healthy growth in recent years.

View Sample

Upgrade for unlimited company reports & a free credit check

Pomanda's financial health check has awarded Progress Warehouses Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

5 Strong

3 Regular

3 Weak

Size

annual sales of £4.7m, make it larger than the average company (£2.1m)

Growth

3 year (CAGR) sales growth of 5%, show it is growing at a faster rate (2.1%)

EXPORT

Progress Warehouses Limited's latest turnover from March 2023 is estimated at £4.7 million and the company has net assets of £815 thousand. According to their latest financial statements, we estimate that Progress Warehouses Limited has 7 employees and maintains cash reserves of £14.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017
Turnover	4,726,116	4,854,243	3,982,731	4,075,115	23,743	38,061	1,338,477
Other Income Or Grants	0	0	0	0	0	0	0
Cost Of Sales	4,293,242	4,434,384	3,638,787	3,674,654	21,297	33,997	1,184,061
Gross Profit	432,874	419,859	343,944	400,461	2,446	4,064	154,415
Admin Expenses	176,374	229,962	203,334	176,128	-156,167	-42,810	150,517
Operating Profit	256,500	189,897	140,610	224,333	158,613	46,874	3,898
Interest Payable	0	0	0	33,885	77,201	49,425	10,760
Interest Receivable	616	89	6	5	40	32	12
Pre-Tax Profit	257,116	189,986	140,616	190,453	81,453	-2,520	-6,850
Tax	-48,852	-36,097	-26,717	-36,186	-15,476	0	0
Profit After Tax	208,264	153,889	113,899	154,267	65,977	-2,520	-6,850
Dividends Paid	0	0	0	0	0	0	0
Retained Profit	208,264	153,889	113,899	154,267	65,977	-2,520	-6,850
Employee Costs	328,517	315,271	306,727	264,855	43,497	42,339	83,197
Number Of Employees	7	7	7	6	1	1	2
EBITDA*	256,500	189,897	140,610	224,333	158,613	46,874	3,898

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017
Tangible Assets	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0
Investments & Other	2,935,000	2,935,000	2,410,000	2,410,000	2,410,000	2,321,971	1,233,969
Debtors (Due After 1 year)	0	0	0	0	0	0	0
Total Fixed Assets	2,935,000	2,935,000	2,410,000	2,410,000	2,410,000	2,321,971	1,233,969
Stock & work in progress	0	0	0	0	0	0	0
Trade Debtors	147,824	62,659	30,920	6,494	3,543	0	17,242
Group Debtors	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	25,121
Cash	14,678	14,321	9,490	1,781	7,922	2,871	9,871
misc current assets	0	0	0	0	0	0	0
total current assets	162,502	76,980	40,410	8,275	11,465	2,871	52,234
total assets	3,097,502	3,011,980	2,450,410	2,418,275	2,421,465	2,324,842	1,286,203
Bank overdraft	0	0	0	0	111,868	111,001	0
Bank loan	0	0	0	0	0	0	0
Trade Creditors	2,250,767	2,373,509	2,014,601	2,101,646	7,820	10,758	797,464
Group/Directors Accounts	0	0	0	0	35,783	0	0
other short term finances	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	1,104,517	1,146,006	0
total current liabilities	2,250,767	2,373,509	2,014,601	2,101,646	1,259,988	1,267,765	797,464
loans	0	0	0	0	999,115	1,065,447	344,334
hp & lease commitments	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	150,255
provisions	31,762	31,762	22,007	0	0	0	0
total long term liabilities	31,762	31,762	22,007	0	999,115	1,065,447	494,589
total liabilities	2,282,529	2,405,271	2,036,608	2,101,646	2,259,103	2,333,212	1,292,053
net assets	814,973	606,709	413,802	316,629	162,362	-8,370	-5,850
total shareholders funds	814,973	606,709	413,802	316,629	162,362	-8,370	-5,850

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017
Operating Activities
Operating Profit	256,500	189,897	140,610	224,333	158,613	46,874	3,898
Depreciation	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0
Tax	-48,852	-36,097	-26,717	-36,186	-15,476	0	0
Stock	0	0	0	0	0	0	0
Debtors	85,165	31,739	24,426	2,951	3,543	-42,363	42,363
Creditors	-122,742	358,908	-87,045	2,093,826	-2,938	-786,706	797,464
Accruals and Deferred Income	0	0	0	-1,104,517	-41,489	1,146,006	0
Deferred Taxes & Provisions	0	9,755	22,007	0	0	0	0
Cash flow from operations	-259	490,724	24,429	1,174,505	95,167	448,537	758,999
Investing Activities
capital expenditure	0	0	0	0	0	0	0
Change in Investments	0	525,000	0	0	88,029	1,088,002	1,233,969
cash flow from investments	0	-525,000	0	0	-88,029	-1,088,002	-1,233,969
Financing Activities
Bank loans	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	-35,783	35,783	0	0
Other Short Term Loans	0	0	0	0	0	0	0
Long term loans	0	0	0	-999,115	-66,332	721,113	344,334
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	-150,255	150,255
share issue	0	39,018	-16,726	0	104,755	0	1,000
interest	616	89	6	-33,880	-77,161	-49,393	-10,748
cash flow from financing	616	39,107	-16,720	-1,068,778	-2,955	521,465	484,841
cash and cash equivalents
cash	357	4,831	7,709	-6,141	5,051	-7,000	9,871
overdraft	0	0	0	-111,868	867	111,001	0
change in cash	357	4,831	7,709	105,727	4,184	-118,001	9,871

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

Get a comprehensive credit check for progress warehouses limited. Get real-time insights into progress warehouses limited's credit score, group structure and payment trends.

From as little as £6.99

This will not impact your credit rating!

View Credit Report Sample

Perform a competitor analysis for progress warehouses limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in W1H area or any other competitors across 12 key performance metrics.

PROGRESS WAREHOUSES LIMITED group structure

Progress Warehouses Limited has no subsidiary companies.

Ultimate parent company

ANDOVER PROPERTIES LIMITED

02885144

1 parent

PROGRESS WAREHOUSES LIMITED

10007524

PROGRESS WAREHOUSES LIMITED Shareholders

andover properties limited

100%

Progress Warehouses Limited currently has 1 director, Mr Edwin Shuker serving since Feb 2016.

officer	country	age	start	end	role
Mr Edwin Shuker	England	69 years	Feb 2016	-	Director

P&L

March 2023

turnover

4.7m

-3%

operating profit

256.5k

gross margin

9.2%

+5.89%

turnover

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

Balance Sheet

March 2023

net assets

815k

+0.34%

total assets

3.1m

+0.03%

cash

14.7k

+0.02%

net assets

Total assets minus all liabilities

Similar Companies

Agree?

actionstate limited

briman properties limited

4.5

deville investment group holdings limited

sidesigns-building design ltd

0.5

bexley heath properties limited

company number

10007524

Type

Private limited with Share Capital

industry

41100 - Development of building projects

incorporation date

February 2016

accounts

Unaudited Abridged

ultimate parent company

ANDOVER PROPERTIES LIMITED

previous names

N/A

last accounts submitted

March 2023

address

88 crawford street, london, W1H 2EJ

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 8 charges/mortgages relating to progress warehouses limited. Currently there are 3 open charges and 5 have been satisfied in the past.

progress warehouses limited Company Information

progress warehouses limited Estimated Valuation

progress warehouses limited Estimated Valuation

progress warehouses limited Estimated Valuation

Progress Warehouses Limited Overview

Progress Warehouses Limited Health Check

PROGRESS WAREHOUSES LIMITED financials

progress warehouses limited Credit Report and Business Information

Progress Warehouses Limited Competitor Analysis

progress warehouses limited Ownership

progress warehouses limited directors

progress warehouses limited company details

progress warehouses limited Charges & Mortgages

progress warehouses limited Companies House Filings - See Documents