progressive agriculture services limited

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progressive agriculture services limited Company Information

Share PROGRESSIVE AGRICULTURE SERVICES LIMITED

Company Number

12815890

Shareholders

nathan muskett

charlotte curtis

Group Structure

View All

Industry

Support activities for crop production

 

Registered Address

1 eaton rd, norwich, NR4 6PY

Website

-

progressive agriculture services limited Estimated Valuation

£53.4k

Pomanda estimates the enterprise value of PROGRESSIVE AGRICULTURE SERVICES LIMITED at £53.4k based on a Turnover of £157.6k and 0.34x industry multiple (adjusted for size and gross margin).

progressive agriculture services limited Estimated Valuation

£15.7k

Pomanda estimates the enterprise value of PROGRESSIVE AGRICULTURE SERVICES LIMITED at £15.7k based on an EBITDA of £7.5k and a 2.09x industry multiple (adjusted for size and gross margin).

progressive agriculture services limited Estimated Valuation

£8.4k

Pomanda estimates the enterprise value of PROGRESSIVE AGRICULTURE SERVICES LIMITED at £8.4k based on Net Assets of £6k and 1.4x industry multiple (adjusted for liquidity).

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Progressive Agriculture Services Limited Overview

Progressive Agriculture Services Limited is a live company located in norwich, NR4 6PY with a Companies House number of 12815890. It operates in the support activities for crop production sector, SIC Code 01610. Founded in August 2020, it's largest shareholder is nathan muskett with a 50% stake. Progressive Agriculture Services Limited is a young, micro sized company, Pomanda has estimated its turnover at £157.6k with low growth in recent years.

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Progressive Agriculture Services Limited Health Check

Pomanda's financial health check has awarded Progressive Agriculture Services Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2out of 5
positive_score

2 Strong

positive_score

1 Regular

positive_score

7 Weak

size

Size

annual sales of £157.6k, make it smaller than the average company (£6.5m)

£157.6k - Progressive Agriculture Services Limited

£6.5m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (9.1%)

2% - Progressive Agriculture Services Limited

9.1% - Industry AVG

production

Production

with a gross margin of 11.6%, this company has a higher cost of product (21.2%)

11.6% - Progressive Agriculture Services Limited

21.2% - Industry AVG

profitability

Profitability

an operating margin of 4.8% make it more profitable than the average company (3%)

4.8% - Progressive Agriculture Services Limited

3% - Industry AVG

employees

Employees

with 3 employees, this is below the industry average (32)

3 - Progressive Agriculture Services Limited

32 - Industry AVG

paystructure

Pay Structure

on an average salary of £51.3k, the company has an equivalent pay structure (£51.3k)

£51.3k - Progressive Agriculture Services Limited

£51.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £52.5k, this is less efficient (£231.8k)

£52.5k - Progressive Agriculture Services Limited

£231.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 57 days, this is later than average (45 days)

57 days - Progressive Agriculture Services Limited

45 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 49 days, this is slower than average (43 days)

49 days - Progressive Agriculture Services Limited

43 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Progressive Agriculture Services Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Progressive Agriculture Services Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 75.9%, this is a higher level of debt than the average (51.1%)

75.9% - Progressive Agriculture Services Limited

51.1% - Industry AVG

PROGRESSIVE AGRICULTURE SERVICES LIMITED financials

EXPORTms excel logo

Progressive Agriculture Services Limited's latest turnover from April 2024 is estimated at £157.6 thousand and the company has net assets of £6 thousand. According to their latest financial statements, Progressive Agriculture Services Limited has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Apr 2024Aug 2023Aug 2022Aug 2021
Turnover157,592160,397143,767149,545
Other Income Or Grants
Cost Of Sales139,366135,906123,741136,139
Gross Profit18,22624,49220,02613,405
Admin Expenses10,70724,4372,13027,581
Operating Profit7,5195517,896-14,176
Interest Payable
Interest Receivable
Pre-Tax Profit7,5195517,896-14,176
Tax-1,880-14-3,400
Profit After Tax5,6394114,496-14,176
Dividends Paid
Retained Profit5,6394114,496-14,176
Employee Costs153,806146,119142,244128,382
Number Of Employees3333
EBITDA*7,5195517,896-14,176

* Earnings Before Interest, Tax, Depreciation and Amortisation

Apr 2024Aug 2023Aug 2022Aug 2021
Tangible Assets19,14822,81225,793
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets19,14822,81225,793
Stock & work in progress
Trade Debtors24,93421,45812,3728,370
Group Debtors
Misc Debtors
Cash
misc current assets
total current assets24,93421,45812,3728,370
total assets24,93440,60635,18434,163
Bank overdraft
Bank loan
Trade Creditors 18,93440,24534,50748,339
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities18,93440,24534,50748,339
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities357
provisions
total long term liabilities357
total liabilities18,93440,24534,86448,339
net assets6,000361320-14,176
total shareholders funds6,000361320-14,176
Apr 2024Aug 2023Aug 2022Aug 2021
Operating Activities
Operating Profit7,5195517,896-14,176
Depreciation
Amortisation
Tax-1,880-14-3,400
Stock
Debtors3,4769,0864,0028,370
Creditors-21,3115,738-13,83248,339
Accruals and Deferred Income
Deferred Taxes & Provisions
Cash flow from operations-19,148-3,307-3,33825,793
Investing Activities
capital expenditure19,1483,6642,981-25,793
Change in Investments
cash flow from investments19,1483,6642,981-25,793
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities-357357
share issue
interest
cash flow from financing-357357
cash and cash equivalents
cash
overdraft
change in cash

progressive agriculture services limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Progressive Agriculture Services Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for progressive agriculture services limited by selecting its closest rivals, whether from the AGRICULTURE, FORESTRY AND FISHING sector, other micro companies, companies in NR4 area or any other competitors across 12 key performance metrics.

progressive agriculture services limited Ownership

PROGRESSIVE AGRICULTURE SERVICES LIMITED group structure

Progressive Agriculture Services Limited has no subsidiary companies.

Ultimate parent company

PROGRESSIVE AGRICULTURE SERVICES LIMITED

12815890

PROGRESSIVE AGRICULTURE SERVICES LIMITED Shareholders

nathan muskett 50%
charlotte curtis 50%

progressive agriculture services limited directors

Progressive Agriculture Services Limited currently has 2 directors. The longest serving directors include Mr Nathan Muskett (Aug 2020) and Miss Charlotte Curtis (Aug 2023).

officercountryagestartendrole
Mr Nathan Muskett44 years Aug 2020- Director
Miss Charlotte Curtis46 years Aug 2023- Director

P&L

April 2024

turnover

157.6k

-2%

operating profit

7.5k

0%

gross margin

11.6%

-24.26%

turnover

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

Balance Sheet

April 2024

net assets

6k

+15.62%

total assets

24.9k

-0.39%

cash

0

0%

net assets

Total assets minus all liabilities

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progressive agriculture services limited company details

company number

12815890

Type

Private limited with Share Capital

industry

01610 - Support activities for crop production

incorporation date

August 2020

age

5

incorporated

UK

ultimate parent company

None

accounts

Micro-Entity Accounts

last accounts submitted

April 2024

previous names

N/A

accountant

-

auditor

-

address

1 eaton rd, norwich, NR4 6PY

Bank

-

Legal Advisor

-

progressive agriculture services 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 did not find charges/mortgages relating to progressive agriculture services limited.

progressive agriculture services 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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progressive agriculture services limited Companies House Filings - See Documents

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