progeny holdings limited
progeny holdings limited Company Information
Company Number
11872596
Next Accounts
Sep 2025
Industry
Other business support service activities n.e.c.
Shareholders
pegasus (bidco) limited
Group Structure
View All
Contact
Registered Address
1a tower square, leeds, LS1 4DL
Website
lsgholdings.comprogeny holdings limited Estimated Valuation
Pomanda estimates the enterprise value of PROGENY HOLDINGS LIMITED at £64.3m based on a Turnover of £54.1m and 1.19x industry multiple (adjusted for size and gross margin).
progeny holdings limited Estimated Valuation
Pomanda estimates the enterprise value of PROGENY HOLDINGS LIMITED at £0 based on an EBITDA of £-9.6m and a 8.75x industry multiple (adjusted for size and gross margin).
progeny holdings limited Estimated Valuation
Pomanda estimates the enterprise value of PROGENY HOLDINGS LIMITED at £526.4m based on Net Assets of £224.1m and 2.35x industry multiple (adjusted for liquidity).
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Progeny Holdings Limited Overview
Progeny Holdings Limited is a live company located in leeds, LS1 4DL with a Companies House number of 11872596. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in March 2019, it's largest shareholder is pegasus (bidco) limited with a 100% stake. Progeny Holdings Limited is a young, large sized company, Pomanda has estimated its turnover at £54.1m with rapid growth in recent years.
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Progeny Holdings Limited Health Check
Pomanda's financial health check has awarded Progeny Holdings 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
5 Strong
3 Regular
3 Weak
Size
annual sales of £54.1m, make it larger than the average company (£4.7m)
£54.1m - Progeny Holdings Limited
£4.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 54%, show it is growing at a faster rate (6.6%)
54% - Progeny Holdings Limited
6.6% - Industry AVG
Production
with a gross margin of 38.2%, this company has a comparable cost of product (38.2%)
38.2% - Progeny Holdings Limited
38.2% - Industry AVG
Profitability
an operating margin of -59.3% make it less profitable than the average company (5.7%)
-59.3% - Progeny Holdings Limited
5.7% - Industry AVG
Employees
with 606 employees, this is above the industry average (26)
606 - Progeny Holdings Limited
26 - Industry AVG
Pay Structure
on an average salary of £70.6k, the company has a higher pay structure (£53.9k)
£70.6k - Progeny Holdings Limited
£53.9k - Industry AVG
Efficiency
resulting in sales per employee of £89.3k, this is less efficient (£170.6k)
£89.3k - Progeny Holdings Limited
£170.6k - Industry AVG
Debtor Days
it gets paid by customers after 45 days, this is near the average (41 days)
45 days - Progeny Holdings Limited
41 days - Industry AVG
Creditor Days
its suppliers are paid after 30 days, this is close to average (31 days)
30 days - Progeny Holdings Limited
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Progeny Holdings Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 31 weeks, this is more cash available to meet short term requirements (22 weeks)
31 weeks - Progeny Holdings Limited
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 19.1%, this is a lower level of debt than the average (62.3%)
19.1% - Progeny Holdings Limited
62.3% - Industry AVG
PROGENY HOLDINGS LIMITED financials
Progeny Holdings Limited's latest turnover from December 2023 is £54.1 million and the company has net assets of £224.1 million. According to their latest financial statements, Progeny Holdings Limited has 606 employees and maintains cash reserves of £12.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|---|
| Turnover | 54,141,000 | 24,470,000 | 18,977,782 | 14,857,724 | 0 |
| Other Income Or Grants | 0 | 0 | |||
| Cost Of Sales | 0 | 5,331 | |||
| Gross Profit | 18,977,782 | 14,852,393 | |||
| Admin Expenses | 23,523,163 | 18,714,909 | |||
| Operating Profit | -32,103,000 | -21,467,000 | -4,545,381 | -3,862,516 | |
| Interest Payable | 1,007,000 | 4,704,000 | 1,052,390 | 1,010,270 | 196,290 |
| Interest Receivable | 694,000 | 320,000 | 6,669 | 34,237 | 196,290 |
| Pre-Tax Profit | -32,388,000 | -25,851,000 | -5,591,102 | -4,838,549 | -111 |
| Tax | 3,437,000 | 150,000 | -35,528 | -78,763 | 0 |
| Profit After Tax | -28,951,000 | -25,701,000 | -5,626,630 | -4,917,312 | -111 |
| Dividends Paid | 0 | 0 | 817,491 | 0 | 0 |
| Retained Profit | -28,951,000 | -25,598,000 | -6,280,285 | -5,199,281 | -111 |
| Employee Costs | 42,782,000 | 22,414,000 | 12,405,434 | 9,531,099 | |
| Number Of Employees | 606 | 296 | 197 | 161 | 2 |
| EBITDA* | -9,643,000 | -10,725,000 | 1,189,420 | 1,425,994 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 2,090,000 | 1,541,000 | 1,097,939 | 1,136,930 | 0 |
| Intangible Assets | 247,352,000 | 114,415,000 | 46,119,171 | 43,787,262 | 0 |
| Investments & Other | 3,000 | 0 | 2,738,873 | 533,925 | 35,510,000 |
| Debtors (Due After 1 year) | 2,190,000 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 251,635,000 | 115,956,000 | 49,955,983 | 45,458,117 | 35,510,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 6,823,000 | 2,117,000 | 2,124,527 | 1,776,111 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 6,297,100 |
| Misc Debtors | 6,285,000 | 4,899,000 | 2,184,566 | 1,909,463 | 268,750 |
| Cash | 12,197,000 | 3,324,000 | 667,087 | 1,679,606 | 93,028 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 25,305,000 | 10,340,000 | 4,976,180 | 5,365,180 | 6,658,878 |
| total assets | 276,940,000 | 126,296,000 | 54,932,163 | 50,823,297 | 42,168,878 |
| Bank overdraft | 0 | 0 | 6,210,000 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 2,820,000 | 1,888,000 | 988,027 | 702,989 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 438,000 | 13,063,000 | 1,600,000 | 3,369,843 | 200,000 |
| hp & lease commitments | 0 | 0 | 22,554 | 27,492 | 0 |
| other current liabilities | 17,068,000 | 7,649,000 | 7,231,542 | 5,285,276 | 113,989 |
| total current liabilities | 20,326,000 | 22,600,000 | 16,052,123 | 9,385,600 | 313,989 |
| loans | 28,990,000 | 77,964,000 | 9,538,091 | 9,929,827 | 5,445,000 |
| hp & lease commitments | 0 | 0 | 8,969 | 43,345 | 0 |
| Accruals and Deferred Income | 828,000 | 0 | 0 | 0 | 0 |
| other liabilities | 28,000 | 280,000 | 4,176,603 | 1,700,000 | 0 |
| provisions | 2,600,000 | 1,000 | 0 | 0 | 0 |
| total long term liabilities | 32,498,000 | 78,245,000 | 13,723,663 | 11,673,172 | 5,445,000 |
| total liabilities | 52,824,000 | 100,845,000 | 29,775,786 | 21,058,772 | 5,758,989 |
| net assets | 224,116,000 | 25,451,000 | 25,156,377 | 29,764,525 | 36,409,889 |
| total shareholders funds | 224,116,000 | 25,451,000 | 25,156,377 | 29,764,525 | 36,409,889 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | -32,103,000 | -21,467,000 | -4,545,381 | -3,862,516 | |
| Depreciation | 500,000 | 389,000 | 264,627 | 182,269 | 0 |
| Amortisation | 21,960,000 | 10,353,000 | 5,470,174 | 5,106,241 | 0 |
| Tax | 3,437,000 | 150,000 | -35,528 | -78,763 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 |
| Debtors | 8,282,000 | 2,706,907 | 623,519 | -2,880,276 | 6,565,850 |
| Creditors | 932,000 | 899,973 | 285,038 | 702,989 | 0 |
| Accruals and Deferred Income | 10,247,000 | 417,458 | 1,946,266 | 5,171,287 | 113,989 |
| Deferred Taxes & Provisions | 2,599,000 | 1,000 | 0 | 0 | 0 |
| Cash flow from operations | -710,000 | -11,963,476 | 2,761,677 | 10,101,783 | |
| Investing Activities | |||||
| capital expenditure | 0 | 0 | 0 | 0 | |
| Change in Investments | 3,000 | -2,738,873 | 2,204,948 | -34,976,075 | 35,510,000 |
| cash flow from investments | -3,000 | 2,738,873 | -2,204,948 | 34,976,075 | |
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | -12,625,000 | 11,463,000 | -1,769,843 | 3,169,843 | 200,000 |
| Long term loans | -48,974,000 | 68,425,909 | -391,736 | 4,484,827 | 5,445,000 |
| Hire Purchase and Lease Commitments | 0 | -31,523 | -39,314 | 70,837 | 0 |
| other long term liabilities | -252,000 | -3,896,603 | 2,476,603 | 1,700,000 | 0 |
| share issue | |||||
| interest | -313,000 | -4,384,000 | -1,045,721 | -976,033 | 0 |
| cash flow from financing | 165,452,000 | 97,469,406 | 902,126 | 7,003,391 | 42,055,000 |
| cash and cash equivalents | |||||
| cash | 8,873,000 | 2,656,913 | -1,012,519 | 1,586,578 | 93,028 |
| overdraft | 0 | -6,210,000 | 6,210,000 | 0 | 0 |
| change in cash | 8,873,000 | 8,866,913 | -7,222,519 | 1,586,578 | 93,028 |
progeny holdings limited Credit Report and Business Information
Progeny Holdings Limited Competitor Analysis
Perform a competitor analysis for progeny holdings limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other large companies, companies in LS1 area or any other competitors across 12 key performance metrics.
progeny holdings limited Ownership
PROGENY HOLDINGS LIMITED group structure
Progeny Holdings Limited has no subsidiary companies.
Ultimate parent company
PEGASUS BIDCO LTD
#0150247
1 parent
PROGENY HOLDINGS LIMITED
11872596
progeny holdings limited directors
Progeny Holdings Limited currently has 4 directors. The longest serving directors include Mr Neil Moles (May 2019) and Mr Thomas Wood (Jul 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Neil Moles | United Kingdom | 45 years | May 2019 | - | Director |
| Mr Thomas Wood | United Kingdom | 52 years | Jul 2024 | - | Director |
| Mr Ewen Stevenson | United Kingdom | 58 years | Dec 2024 | - | Director |
| Mr Pierre Sarkozy | United Kingdom | 55 years | Dec 2024 | - | Director |
P&L
December 2023turnover
54.1m
+121%
operating profit
-32.1m
+50%
gross margin
38.2%
-0.8%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
224.1m
+7.81%
total assets
276.9m
+1.19%
cash
12.2m
+2.67%
net assets
Total assets minus all liabilities
Similar Companies
progeny holdings limited company details
company number
11872596
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
March 2019
age
5
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
progenyco 14 limited (May 2019)
accountant
-
auditor
RSM UK AUDIT LLP
address
1a tower square, leeds, LS1 4DL
Bank
-
Legal Advisor
-
progeny holdings 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 1 charges/mortgages relating to progeny holdings limited. Currently there are 1 open charges and 0 have been satisfied in the past.
progeny holdings 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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progeny holdings limited Companies House Filings - See Documents
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