PROGRESS SOFTWARE LIMITED
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Next accounts due
2026-08-31 (in 3mo)
Last filed for 2024-11-30
Confirmation statement due
2026-11-29 (in 6mo)
Last made up 2025-11-15
Watchouts
None on the register
Cash
£7M
+747.3% vs 2023
Net assets
£34M
+6.5% vs 2023
Employees
53
+20.5% vs 2023
Profit before tax
£1M
+26.6% vs 2023
Name history
Renamed 1 time since incorporation
- PROGRESS SOFTWARE LIMITED 1988-08-05 → present
- TGP 46 LIMITED 1988-04-14 → 1988-08-05
Net assets
2-year trend · vs Technology median
Accounts
2-year trend · latest reflected 2024-11-30
| Metric | Trend | 2023-11-30 | 2024-11-30 |
|---|---|---|---|
| Turnover | £25,151,000 | £28,903,000 | |
| Operating profit | £425,000 | £746,000 | |
| Profit before tax | £1,132,000 | £1,433,000 | |
| Net profit | £901,000 | £1,308,000 | |
| Cash | £837,000 | £7,092,000 | |
| Total assets less current liabilities | £32,501,000 | £34,467,000 | |
| Net assets | £32,373,000 | £34,467,000 | |
| Equity | £32,373,000 | £34,467,000 | |
| Average employees | 44 | 53 | |
| Wages | £5,461,000 | £7,920,000 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-11-30 | 2024-11-30 |
|---|---|---|---|
| Operating margin | 1.7% | 2.6% | |
| Net margin | 3.6% | 4.5% | |
| Return on capital employed | 1.3% | 2.2% | |
| Current ratio | 2.81x | 2.33x | |
| Interest cover | 18.48x | — |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared using the going concern basis of accounting as the directors are of the view that there is reasonable expectation that the Company has adequate resources to continue as an operational business for the foreseeable future.”
Significant events
- “On March 28, 2025, the directors approved the declaration of a distribution of £14,308,053 to the Ultimate Parent Company. This dividend was offset by the two outstanding loans due from the Ultimate Parent Company, both of which were settled in full.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 21 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LOCOCO, Domenic | Director | 2020-05-01 | Feb 1970 | American |
| POLLAK, Charles | Director | 2024-10-01 | May 1970 | American |
Show 21 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BEARDMORE, Heather Patricia | Secretary | 2003-04-17 | 2004-07-01 |
| BLANCHARD, Paul Robert | Secretary | 2004-07-01 | 2006-08-18 |
| BUSH, James Edwin | Secretary | — | 1994-06-27 |
| DREW, Jane | Secretary | 1994-06-27 | 2003-04-16 |
| FABERMAN, Stephen Howard | Secretary | 2008-11-24 | 2022-07-14 |
| FABERMAN, Stephen Howard | Secretary | 2008-11-24 | 2014-10-28 |
| PONGENNARI, Janet Lesley | Secretary | 2006-08-19 | 2008-10-31 |
| ANDERSEN, Chris Bengt | Director | 2011-10-17 | 2012-10-19 |
| BENTON, David, Mr. | Director | 2011-07-18 | 2011-10-14 |
| BUSH, James Edwin | Director | — | 1996-04-24 |
| CAMPBELL, Karl Robert | Director | 2007-05-15 | 2009-01-01 |
| FABERMAN, Stephen Howard, Mr. | Director | 2012-10-19 | 2022-07-14 |
| FLANAGAN, Brian, Mr. | Director | 2011-07-18 | 2020-05-01 |
| GILLILAND, Mark William | Director | 2004-07-01 | 2007-09-18 |
| IRELAND, David George | Director | 1999-12-01 | 2011-06-28 |
| JOHNSON, Cary Lee | Director | — | 1996-06-22 |
| MCILROY, Francis Christopher | Director | 2001-12-01 | 2004-07-01 |
| ROBERTON, Norman Roy | Director | 2008-12-31 | 2011-03-09 |
| VESTY, David P | Director | — | 1999-11-30 |
| WANG, Yufan Stephanie | Director | 2022-07-14 | 2024-10-01 |
| WRIGHT, Justin Paul | Director | 1996-07-19 | 2001-11-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Stephen Howard Faberman | Individual | Significant influence | 2016-04-06 | Ceased 2022-07-14 |
Filing timeline
Last 20 of 173 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-01 | AA | accounts | Accounts with accounts type full | |
| 2024-11-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-03 | TM01 | officers | Termination director company | |
| 2024-10-01 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-01 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-04 | AA | accounts | Accounts with accounts type full | |
| 2023-11-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-04 | AA | accounts | Accounts with accounts type full | |
| 2022-11-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-15 | AA | accounts | Accounts with accounts type full | |
| 2022-07-18 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2022-07-18 | TM01 | officers | Termination director company with name termination date | |
| 2022-07-18 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-07-18 | TM02 | officers | Termination secretary company with name termination date | |
| 2022-07-18 | CH01 | officers | Change person director company with change date | |
| 2022-07-18 | AP01 | officers | Appoint person director company with name date | |
| 2021-11-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-08-12 | AA | accounts | Accounts with accounts type full | |
| 2020-11-16 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-11-30 vs 2023-11-30
-
Turnover
+14.9%
£25,151,000 £28,903,000
-
Cash
+747.3%
£837,000 £7,092,000
-
Net assets
+6.5%
£32,373,000 £34,467,000
-
Employees
+20.5%
44 53
-
Operating profit
+75.5%
£425,000 £746,000
-
Profit before tax
+26.6%
£1,132,000 £1,433,000
-
Wages
+45%
£5,461,000 £7,920,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers