Progressive Hire Limited

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progressive hire limited Company Information

Company Number

10661287

Next Accounts

Dec 2025

Directors

Sean Addley

John Addley

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Shareholders

john paul addley

Group Structure

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Industry

Renting and leasing of construction and civil engineering machinery and equipment

Registered Address

hilden park house, 79 tonbridge road, tonbridge, TN11 9BH

Website

progressivebroadcast.com

progressive hire limited Estimated Valuation

£1.4m

Pomanda estimates the enterprise value of PROGRESSIVE HIRE LIMITED at £1.4m based on Net Assets of £655.4k and 2.15x industry multiple (adjusted for liquidity).

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Progressive Hire Limited is a live company located in tonbridge, TN11 9BH with a Companies House number of 10661287. It operates in the renting and leasing of construction and civil engineering machinery and equipment sector, SIC Code 77320. Founded in March 2017, it's largest shareholder is john paul addley with a 100% stake. Progressive Hire Limited is a young, small sized company, Pomanda has estimated its turnover at £2m with declining growth in recent years.

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Pomanda's financial health check has awarded Progressive Hire Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

2 Regular

6 Weak

Size

annual sales of £2m, make it smaller than the average company (£13.2m)

Growth

3 year (CAGR) sales growth of -14%, show it is growing at a slower rate (10.5%)

EXPORT

Progressive Hire Limited's latest turnover from March 2024 is estimated at £2 million and the company has net assets of £655.4 thousand. According to their latest financial statements, we estimate that Progressive Hire Limited has 5 employees and maintains cash reserves of £7.9 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
Turnover	1,950,532	1,590,746	3,674,873	3,118,938	2,471,483	1,356,981	1,107,943
Other Income Or Grants
Cost Of Sales	1,569,551	1,279,247	2,880,355	2,593,735	1,994,198	1,083,727	874,559
Gross Profit	380,981	311,499	794,518	525,203	477,285	273,253	233,385
Admin Expenses	127,773	335,520	841,574	500,681	385,890	-59,872	20,285
Operating Profit	253,208	-24,021	-47,056	24,522	91,395	333,125	213,100
Interest Payable
Interest Receivable	235	43	4
Pre-Tax Profit	253,443	-23,978	-47,052	24,522	91,395	333,125	213,100
Tax	-63,361			-4,659	-17,365	-63,294	-40,489
Profit After Tax	190,082	-23,978	-47,052	19,863	74,030	269,831	172,611
Dividends Paid
Retained Profit	190,082	-23,978	-47,052	19,863	74,030	269,831	172,611
Employee Costs	228,328	173,982	408,489	438,311	360,398	194,100	149,769
Number Of Employees	5	4	10	11	9	5	4
EBITDA*	348,012	63,179	61,917	160,759	262,634	412,475	288,782

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018
Tangible Assets	522,031	348,788	435,988	544,961	681,198	662,325	340,805
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	522,031	348,788	435,988	544,961	681,198	662,325	340,805
Stock & work in progress
Trade Debtors	500,749	411,284	992,722	802,123	591,122	342,373	250,701
Group Debtors
Misc Debtors
Cash	7,930	1,010	1,010
misc current assets
total current assets	508,679	412,294	993,732	802,123	591,122	342,373	250,701
total assets	1,030,710	761,082	1,429,720	1,347,084	1,272,320	1,004,698	591,506
Bank overdraft
Bank loan
Trade Creditors	282,596	295,776	940,436	810,748	663,374	367,228	418,894
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities	282,596	295,776	940,436	810,748	663,374	367,228	418,894
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities	92,726				92,473	195,027
provisions
total long term liabilities	92,726				92,473	195,027
total liabilities	375,322	295,776	940,436	810,748	755,847	562,255	418,894
net assets	655,388	465,306	489,284	536,336	516,473	442,443	172,612
total shareholders funds	655,388	465,306	489,284	536,336	516,473	442,443	172,612

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018
Operating Activities
Operating Profit	253,208	-24,021	-47,056	24,522	91,395	333,125	213,100
Depreciation	94,804	87,200	108,973	136,237	171,239	79,350	75,682
Amortisation
Tax	-63,361			-4,659	-17,365	-63,294	-40,489
Stock
Debtors	89,465	-581,438	190,599	211,001	248,749	91,672	250,701
Creditors	-13,180	-644,660	129,688	147,374	296,146	-51,666	418,894
Accruals and Deferred Income
Deferred Taxes & Provisions
Cash flow from operations	182,006	-43	1,006	92,473	292,666	205,843	416,486
Investing Activities
capital expenditure	-268,047				-190,112	-400,870	-416,487
Change in Investments
cash flow from investments	-268,047				-190,112	-400,870	-416,487
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities	92,726			-92,473	-102,554	195,027
share issue							1
interest	235	43	4
cash flow from financing	92,961	43	4	-92,473	-102,554	195,027	1
cash and cash equivalents
cash	6,920		1,010
overdraft
change in cash	6,920		1,010

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 hire limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in TN11 area or any other competitors across 12 key performance metrics.

PROGRESSIVE HIRE LIMITED group structure

Progressive Hire Limited has no subsidiary companies.

Ultimate parent company

PROGRESSIVE HIRE LIMITED

10661287

PROGRESSIVE HIRE LIMITED Shareholders

john paul addley

100%

Progressive Hire Limited currently has 3 directors. The longest serving directors include Mr Sean Addley (Mar 2017) and Mr John Addley (Mar 2017).

officer	country	age	start	end	role
Mr Sean Addley	England	29 years	Mar 2017	-	Director
Mr John Addley		60 years	Mar 2017	-	Director
Mrs Lorraine O'Connell	England	58 years	Mar 2017	-	Director

P&L

March 2024

turnover

+23%

operating profit

253.2k

gross margin

19.6%

-0.25%

turnover

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

Balance Sheet

March 2024

net assets

655.4k

+0.41%

total assets

+0.35%

cash

7.9k

+6.85%

net assets

Total assets minus all liabilities

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company number

10661287

Type

Private limited with Share Capital

industry

77320 - Renting and leasing of construction and civil engineering machinery and equipment

incorporation date

March 2017

ultimate parent company

None

previous names

N/A

address

hilden park house, 79 tonbridge road, tonbridge, TN11 9BH

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 progressive hire limited.

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progressive hire limited Company Information

progressive hire limited Estimated Valuation

progressive hire limited Estimated Valuation

progressive hire limited Estimated Valuation

Progressive Hire Limited Overview

Progressive Hire Limited Health Check

PROGRESSIVE HIRE LIMITED financials

progressive hire limited Credit Report and Business Information

Progressive Hire Limited Competitor Analysis

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