Specialised construction activities (other than scaffold erection) n.e.c.
Registered Address
harrison black east quay, kite hill, wootton bridge, ryde, isle of wight, PO33 4LA
Website
-
progressive projects ltdEstimated Valuation
£48.9k
Pomanda estimates the enterprise value of PROGRESSIVE PROJECTS LTD at £48.9k based on a Turnover of £166.1k and 0.29x industry multiple (adjusted for size and gross margin).
progressive projects ltdEstimated Valuation
£41.4k
Pomanda estimates the enterprise value of PROGRESSIVE PROJECTS LTD at £41.4k based on an EBITDA of £14.1k and a 2.95x industry multiple (adjusted for size and gross margin).
progressive projects ltdEstimated Valuation
£22.5k
Pomanda estimates the enterprise value of PROGRESSIVE PROJECTS LTD at £22.5k based on Net Assets of £10.6k and 2.13x industry multiple (adjusted for liquidity).
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Progressive Projects LtdOverview
Progressive Projects Ltd is a live company located in ryde, PO33 4LA with a Companies House number of 14717281. It operates in the other specialised construction activities n.e.c. sector, SIC Code 43999. Founded in March 2023, it's largest shareholder is
thomas punter
with a 75% stake. Progressive Projects Ltd is a startup,
micro sized company, Pomanda has estimated its turnover at
£166.1k with
unknown
growth in recent years.
Pomanda's financial health check has awarded Progressive Projects Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating2out of 5
2 Strong
1 Regular
6 Weak
Size
annual sales of £166.1k, make it smaller than the average company (£7.3m)
£166.1k - Progressive Projects Ltd
£7.3m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- - Progressive Projects Ltd
- - Industry AVG
Production
with a gross margin of 14.5%, this company has a higher cost of product (25%)
14.5% - Progressive Projects Ltd
25% - Industry AVG
Profitability
an operating margin of 8.5% make it more profitable than the average company (6.5%)
8.5% - Progressive Projects Ltd
6.5% - Industry AVG
Employees
with 2 employees, this is below the industry average (30)
2 - Progressive Projects Ltd
30 - Industry AVG
Pay Structure
on an average salary of £48.8k, the company has an equivalent pay structure (£48.8k)
£48.8k - Progressive Projects Ltd
£48.8k - Industry AVG
Efficiency
resulting in sales per employee of £83k, this is less efficient (£197.8k)
£83k - Progressive Projects Ltd
£197.8k - Industry AVG
Debtor Days
it gets paid by customers after 81 days, this is later than average (54 days)
81 days - Progressive Projects Ltd
54 days - Industry AVG
Creditor Days
its suppliers are paid after 73 days, this is slower than average (36 days)
73 days - Progressive Projects Ltd
36 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Progressive Projects Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Progressive Projects Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 72.9%, this is a higher level of debt than the average (60.9%)
72.9% - Progressive Projects Ltd
60.9% - Industry AVG
PROGRESSIVE PROJECTS LTD financials
EXPORT
Progressive Projects Ltd's latest turnover from March 2024 is estimated at £166.1 thousand and the company has net assets of £10.6 thousand. According to their latest financial statements, Progressive Projects Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Turnover
166,063
Other Income Or Grants
Cost Of Sales
141,971
Gross Profit
24,092
Admin Expenses
10,021
Operating Profit
14,071
Interest Payable
Interest Receivable
Pre-Tax Profit
14,071
Tax
-3,518
Profit After Tax
10,553
Dividends Paid
Retained Profit
10,553
Employee Costs
97,542
Number Of Employees
2
EBITDA*
14,071
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Tangible Assets
2,020
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
2,020
Stock & work in progress
Trade Debtors
36,974
Group Debtors
Misc Debtors
Cash
misc current assets
total current assets
36,974
total assets
38,994
Bank overdraft
Bank loan
Trade Creditors
28,441
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities
28,441
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities
28,441
net assets
10,553
total shareholders funds
10,553
Mar 2024
Operating Activities
Operating Profit
14,071
Depreciation
Amortisation
Tax
-3,518
Stock
Debtors
36,974
Creditors
28,441
Accruals and Deferred Income
Deferred Taxes & Provisions
Cash flow from operations
2,020
Investing Activities
capital expenditure
-2,020
Change in Investments
cash flow from investments
-2,020
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
interest
cash flow from financing
cash and cash equivalents
cash
overdraft
change in cash
progressive projects 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 progressive projects ltd. Get real-time insights into progressive projects ltd's credit score, group structure and payment trends.
Perform a competitor analysis for progressive projects ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in PO33 area or any other competitors across 12 key performance metrics.
progressive projects ltd Ownership
PROGRESSIVE PROJECTS LTD group structure
Progressive Projects Ltd has no subsidiary companies.
Ultimate parent company
PROGRESSIVE PROJECTS LTD
14717281
PROGRESSIVE PROJECTS LTD Shareholders
The largest shareholders in Progressive Projects Ltd include Thomas Punter and Gemma Punter.
thomas punter
75%
gemma punter
25%
progressive projects ltd directors
Progressive Projects Ltd currently has 2 directors.
The longest serving directors include
Mr Thomas Punter (Mar 2023) and
Mrs Gemma Punter (Mar 2023).
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024
net assets
10.6k
0%
total assets
39k
0%
cash
0
0%
net assets
Total assets minus all liabilities
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progressive projects ltd company details
company number
14717281
Type
Private limited with Share Capital
industry
43999 - Specialised construction activities (other than scaffold erection) n.e.c.
incorporation date
March 2023
age
2
incorporated
UK
ultimate parent company
None
accounts
Micro-Entity Accounts
last accounts submitted
March 2024
previous names
N/A
accountant
HARRISON BLACK LIMITED
auditor
-
address
harrison black east quay, kite hill, wootton bridge, ryde, isle of wight, PO33 4LA
Bank
-
Legal Advisor
-
progressive projects ltd 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 projects ltd.
progressive projects 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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progressive projects ltdCompanies House Filings - See Documents
