progress holdings cs limited
progress holdings cs limited Company Information
Company Number
11121456
Next Accounts
Dec 2025
Shareholders
dhanoa newco limited
mr rajinder singh dhanoa
View AllGroup Structure
View All
Industry
Other residential care activities
Registered Address
progress house, 127 millfields road, wolverhampton, WV4 6JG
Website
http://progresscare.co.ukprogress holdings cs limited Estimated Valuation
Pomanda estimates the enterprise value of PROGRESS HOLDINGS CS LIMITED at £6.6m based on a Turnover of £9.1m and 0.73x industry multiple (adjusted for size and gross margin).
progress holdings cs limited Estimated Valuation
Pomanda estimates the enterprise value of PROGRESS HOLDINGS CS LIMITED at £10m based on an EBITDA of £1.6m and a 6.18x industry multiple (adjusted for size and gross margin).
progress holdings cs limited Estimated Valuation
Pomanda estimates the enterprise value of PROGRESS HOLDINGS CS LIMITED at £13.9m based on Net Assets of £5.2m and 2.66x industry multiple (adjusted for liquidity).
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Progress Holdings Cs Limited Overview
Progress Holdings Cs Limited is a live company located in wolverhampton, WV4 6JG with a Companies House number of 11121456. It operates in the other residential care activities n.e.c. sector, SIC Code 87900. Founded in December 2017, it's largest shareholder is dhanoa newco limited with a 32% stake. Progress Holdings Cs Limited is a young, mid sized company, Pomanda has estimated its turnover at £9.1m with rapid growth in recent years.
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Progress Holdings Cs Limited Health Check
Pomanda's financial health check has awarded Progress Holdings Cs Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs
6 Strong
3 Regular
2 Weak
Size
annual sales of £9.1m, make it larger than the average company (£2.3m)
£9.1m - Progress Holdings Cs Limited
£2.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 388%, show it is growing at a faster rate (5.6%)
- Progress Holdings Cs Limited
5.6% - Industry AVG
Production
with a gross margin of 37.5%, this company has a comparable cost of product (36.7%)
37.5% - Progress Holdings Cs Limited
36.7% - Industry AVG
Profitability
an operating margin of 14% make it more profitable than the average company (7%)
14% - Progress Holdings Cs Limited
7% - Industry AVG
Employees
with 130 employees, this is above the industry average (57)
130 - Progress Holdings Cs Limited
57 - Industry AVG
Pay Structure
on an average salary of £29.2k, the company has an equivalent pay structure (£27.4k)
£29.2k - Progress Holdings Cs Limited
£27.4k - Industry AVG
Efficiency
resulting in sales per employee of £69.8k, this is more efficient (£45.8k)
£69.8k - Progress Holdings Cs Limited
£45.8k - Industry AVG
Debtor Days
it gets paid by customers after 39 days, this is later than average (20 days)
39 days - Progress Holdings Cs Limited
20 days - Industry AVG
Creditor Days
its suppliers are paid after 11 days, this is slower than average (9 days)
11 days - Progress Holdings Cs Limited
9 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Progress Holdings Cs Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 39 weeks, this is less cash available to meet short term requirements (74 weeks)
39 weeks - Progress Holdings Cs Limited
74 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 27.2%, this is a similar level of debt than the average (29.8%)
27.2% - Progress Holdings Cs Limited
29.8% - Industry AVG
PROGRESS HOLDINGS CS LIMITED financials
Progress Holdings Cs Limited's latest turnover from March 2024 is £9.1 million and the company has net assets of £5.2 million. According to their latest financial statements, Progress Holdings Cs Limited has 130 employees and maintains cash reserves of £834.1 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 | |
|---|---|---|---|---|---|---|
| Turnover | 9,070,134 | 6,849,091 | ||||
| Other Income Or Grants | ||||||
| Cost Of Sales | 5,672,236 | 4,297,575 | ||||
| Gross Profit | 3,397,898 | 2,551,516 | ||||
| Admin Expenses | 2,129,047 | 2,069,512 | ||||
| Operating Profit | 1,268,851 | 482,004 | ||||
| Interest Payable | 46,570 | 41,717 | ||||
| Interest Receivable | 7,332 | 75,760 | ||||
| Pre-Tax Profit | 1,229,613 | 516,047 | ||||
| Tax | -389,554 | -94,544 | ||||
| Profit After Tax | 840,059 | 421,503 | ||||
| Dividends Paid | 211,128 | 192,500 | ||||
| Retained Profit | 628,931 | 229,003 | ||||
| Employee Costs | 3,789,500 | 3,223,151 | ||||
| Number Of Employees | 130 | 119 | 2 | 2 | 2 | |
| EBITDA* | 1,621,220 | 809,882 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 2,912,023 | 2,882,089 | 2,016,827 | 1,469,707 | 1,245,188 | 882,000 |
| Intangible Assets | ||||||
| Investments & Other | 10,000 | 10,000 | 10,000 | 10,000 | ||
| Debtors (Due After 1 year) | ||||||
| Total Fixed Assets | 2,912,023 | 2,882,089 | 2,026,827 | 1,479,707 | 1,255,188 | 892,000 |
| Stock & work in progress | ||||||
| Trade Debtors | 978,489 | 447,493 | 273,289 | |||
| Group Debtors | 428,289 | |||||
| Misc Debtors | 2,428,936 | 2,129,180 | 322,400 | |||
| Cash | 834,115 | 1,026,632 | 268,752 | 163,062 | 129,862 | |
| misc current assets | ||||||
| total current assets | 4,241,540 | 3,603,305 | 591,152 | 591,351 | 403,151 | |
| total assets | 7,153,563 | 6,485,394 | 2,617,979 | 2,071,058 | 1,658,339 | 892,000 |
| Bank overdraft | ||||||
| Bank loan | 158,612 | 153,624 | 69,718 | 69,492 | ||
| Trade Creditors | 180,212 | 233,718 | ||||
| Group/Directors Accounts | 57,383 | 702,303 | 856,445 | 668,259 | ||
| other short term finances | 69,492 | 213,741 | ||||
| hp & lease commitments | ||||||
| other current liabilities | 757,353 | 528,021 | 109,488 | 162,741 | ||
| total current liabilities | 1,096,177 | 915,363 | 127,101 | 881,283 | 1,088,678 | 882,000 |
| loans | 780,958 | 948,376 | 1,186,134 | 632,972 | 499,605 | |
| hp & lease commitments | ||||||
| Accruals and Deferred Income | ||||||
| other liabilities | ||||||
| provisions | 71,422 | 45,580 | ||||
| total long term liabilities | 852,380 | 993,956 | 1,186,134 | 632,972 | 499,605 | |
| total liabilities | 1,948,557 | 1,909,319 | 1,313,235 | 1,514,255 | 1,588,283 | 882,000 |
| net assets | 5,205,006 | 4,576,075 | 1,304,744 | 556,803 | 70,056 | 10,000 |
| total shareholders funds | 5,205,006 | 4,576,075 | 1,304,744 | 556,803 | 70,056 | 10,000 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | 1,268,851 | 482,004 | ||||
| Depreciation | 352,369 | 327,878 | 94,972 | 96,160 | 64,998 | |
| Amortisation | ||||||
| Tax | -389,554 | -94,544 | ||||
| Stock | ||||||
| Debtors | 830,752 | 2,254,273 | -105,889 | 155,000 | 273,289 | |
| Creditors | -53,506 | 233,718 | ||||
| Accruals and Deferred Income | 229,332 | 528,021 | -109,488 | -53,253 | 162,741 | |
| Deferred Taxes & Provisions | 25,842 | 45,580 | ||||
| Cash flow from operations | 602,582 | -731,616 | ||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | -10,000 | 10,000 | ||||
| cash flow from investments | 10,000 | |||||
| Financing Activities | ||||||
| Bank loans | 4,988 | 83,906 | 69,718 | -69,492 | 69,492 | |
| Group/Directors Accounts | -57,383 | -644,920 | -154,142 | 188,186 | 668,259 | |
| Other Short Term Loans | -69,492 | 69,492 | -213,741 | 213,741 | ||
| Long term loans | -167,418 | -237,758 | 553,162 | 133,367 | 499,605 | |
| Hire Purchase and Lease Commitments | ||||||
| other long term liabilities | ||||||
| share issue | ||||||
| interest | -39,238 | 34,043 | ||||
| cash flow from financing | -201,668 | 2,865,136 | ||||
| cash and cash equivalents | ||||||
| cash | -192,517 | 757,880 | 105,690 | 33,200 | 129,862 | |
| overdraft | ||||||
| change in cash | -192,517 | 757,880 | 105,690 | 33,200 | 129,862 |
progress holdings cs limited Credit Report and Business Information
Progress Holdings Cs Limited Competitor Analysis
Perform a competitor analysis for progress holdings cs limited by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other mid companies, companies in WV4 area or any other competitors across 12 key performance metrics.
progress holdings cs limited Ownership
PROGRESS HOLDINGS CS LIMITED group structure
Progress Holdings Cs Limited has 1 subsidiary company.
Ultimate parent company
PROGRESS HOLDINGS CS LIMITED
11121456
1 subsidiary
progress holdings cs limited directors
Progress Holdings Cs Limited currently has 2 directors. The longest serving directors include Mrs Balwinder Dhanoa (Dec 2017) and Mr Rajinder Dhanoa (Dec 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Balwinder Dhanoa | United Kingdom | 63 years | Dec 2017 | - | Director |
| Mr Rajinder Dhanoa | United Kingdom | 68 years | Dec 2017 | - | Director |
P&L
March 2024turnover
9.1m
+32%
operating profit
1.3m
+163%
gross margin
37.5%
+0.56%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
5.2m
+0.14%
total assets
7.2m
+0.1%
cash
834.1k
-0.19%
net assets
Total assets minus all liabilities
progress holdings cs limited company details
company number
11121456
Type
Private limited with Share Capital
industry
87900 - Other residential care activities
incorporation date
December 2017
age
8
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
HAZLEWOODS LLP
address
progress house, 127 millfields road, wolverhampton, WV4 6JG
Bank
-
Legal Advisor
-
progress holdings cs 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 4 charges/mortgages relating to progress holdings cs limited. Currently there are 4 open charges and 0 have been satisfied in the past.
progress holdings cs 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.
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progress holdings cs limited Companies House Filings - See Documents
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