Pomanda estimates the enterprise value of PROGRESS SQUARED LTD at £68k based on a Turnover of £133.2k and 0.51x industry multiple (adjusted for size and gross margin).
progress squared ltdEstimated Valuation
£206.3k
Pomanda estimates the enterprise value of PROGRESS SQUARED LTD at £206.3k based on an EBITDA of £52k and a 3.97x industry multiple (adjusted for size and gross margin).
progress squared ltdEstimated Valuation
£293.8k
Pomanda estimates the enterprise value of PROGRESS SQUARED LTD at £293.8k based on Net Assets of £126.3k and 2.33x industry multiple (adjusted for liquidity).
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Progress Squared LtdOverview
Progress Squared Ltd is a live company located in london, W1G 7AJ with a Companies House number of 11012889. It operates in the other engineering activities sector, SIC Code 71129. Founded in October 2017, it's largest shareholder is
marco pasetto
with a 100% stake. Progress Squared Ltd is a young,
micro sized company, Pomanda has estimated its turnover at
£133.2k with
declining
growth in recent years.
Pomanda's financial health check has awarded Progress Squared Ltd a 4.5 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
Health Rating4.5out of 5
3 Strong
4 Regular
3 Weak
Size
annual sales of £133.2k, make it smaller than the average company (£2.7m)
£133.2k - Progress Squared Ltd
£2.7m - Industry AVG
Growth
3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (6.7%)
-4% - Progress Squared Ltd
6.7% - Industry AVG
Production
with a gross margin of 39.3%, this company has a comparable cost of product (39.3%)
39.3% - Progress Squared Ltd
39.3% - Industry AVG
Profitability
an operating margin of 39% make it more profitable than the average company (6.1%)
39% - Progress Squared Ltd
6.1% - Industry AVG
Employees
with 1 employees, this is below the industry average (22)
1 - Progress Squared Ltd
22 - Industry AVG
Pay Structure
on an average salary of £51.9k, the company has an equivalent pay structure (£51.9k)
£51.9k - Progress Squared Ltd
£51.9k - Industry AVG
Efficiency
resulting in sales per employee of £133.2k, this is equally as efficient (£121.8k)
£133.2k - Progress Squared Ltd
£121.8k - Industry AVG
Debtor Days
it gets paid by customers after 66 days, this is near the average (63 days)
66 days - Progress Squared Ltd
63 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Progress Squared Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Progress Squared Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 160 weeks, this is more cash available to meet short term requirements (23 weeks)
160 weeks - Progress Squared Ltd
23 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 27.7%, this is a lower level of debt than the average (54.5%)
27.7% - Progress Squared Ltd
54.5% - Industry AVG
PROGRESS SQUARED LTD financials
EXPORT
Progress Squared Ltd's latest turnover from October 2023 is estimated at £133.2 thousand and the company has net assets of £126.3 thousand. According to their latest financial statements, Progress Squared Ltd has 1 employee and maintains cash reserves of £149 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Oct 2023
Oct 2022
Oct 2021
Oct 2020
Oct 2019
Oct 2018
Turnover
133,239
204,076
130,553
151,337
201,733
79,748
Other Income Or Grants
Cost Of Sales
80,835
125,716
79,947
93,652
120,553
47,097
Gross Profit
52,404
78,361
50,607
57,684
81,180
32,651
Admin Expenses
443
26,577
93,954
208,734
-40,821
-133,371
Operating Profit
51,961
51,784
-43,347
-151,050
122,001
166,022
Interest Payable
Interest Receivable
5,139
899
52
141
1,378
583
Pre-Tax Profit
57,100
52,683
-43,295
-150,909
123,379
166,605
Tax
-14,275
-10,010
-23,442
-31,655
Profit After Tax
42,825
42,673
-43,295
-150,909
99,937
134,950
Dividends Paid
Retained Profit
42,825
42,673
-43,295
-150,909
99,937
134,950
Employee Costs
51,916
49,201
46,771
88,942
45,818
45,635
Number Of Employees
1
1
1
2
1
1
EBITDA*
51,961
51,784
-43,347
-151,050
122,001
166,022
* Earnings Before Interest, Tax, Depreciation and Amortisation
Oct 2023
Oct 2022
Oct 2021
Oct 2020
Oct 2019
Oct 2018
Tangible Assets
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
Stock & work in progress
Trade Debtors
24,347
45,311
24,347
24,347
44,970
10,069
Group Debtors
Misc Debtors
1,298
1,408
1,279
1,279
1,279
1,279
Cash
149,043
46,747
33,150
69,967
212,180
155,357
misc current assets
total current assets
174,688
93,466
58,776
95,593
258,429
166,705
total assets
174,688
93,466
58,776
95,593
258,429
166,705
Bank overdraft
Bank loan
Trade Creditors
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
48,407
10,010
17,993
11,515
23,442
31,655
total current liabilities
48,407
10,010
17,993
11,515
23,442
31,655
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities
48,407
10,010
17,993
11,515
23,442
31,655
net assets
126,281
83,456
40,783
84,078
234,987
135,050
total shareholders funds
126,281
83,456
40,783
84,078
234,987
135,050
Oct 2023
Oct 2022
Oct 2021
Oct 2020
Oct 2019
Oct 2018
Operating Activities
Operating Profit
51,961
51,784
-43,347
-151,050
122,001
166,022
Depreciation
Amortisation
Tax
-14,275
-10,010
-23,442
-31,655
Stock
Debtors
-21,074
21,093
-20,623
34,901
11,348
Creditors
Accruals and Deferred Income
38,397
-7,983
6,478
-11,927
-8,213
31,655
Deferred Taxes & Provisions
Cash flow from operations
97,157
12,698
-36,869
-142,354
55,445
154,674
Investing Activities
capital expenditure
Change in Investments
cash flow from investments
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
100
interest
5,139
899
52
141
1,378
583
cash flow from financing
5,139
899
52
141
1,378
683
cash and cash equivalents
cash
102,296
13,597
-36,817
-142,213
56,823
155,357
overdraft
change in cash
102,296
13,597
-36,817
-142,213
56,823
155,357
progress squared ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for progress squared ltd. Get real-time insights into progress squared ltd's credit score, group structure and payment trends.
Perform a competitor analysis for progress squared ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in W1G area or any other competitors across 12 key performance metrics.
progress squared ltd Ownership
PROGRESS SQUARED LTD group structure
Progress Squared Ltd has no subsidiary companies.
Ultimate parent company
PROGRESS SQUARED LTD
11012889
PROGRESS SQUARED LTD Shareholders
The sole shareholder of Progress Squared Ltd is Marco Pasetto.
marco pasetto
100%
progress squared ltd directors
Progress Squared Ltd currently has 1 director, Mr Marco Pasetto serving since Oct 2017.
74909 - Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.
71129 - Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)
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 squared ltd.
progress squared 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 squared ltdCompanies House Filings - See Documents
