THE PROGRESSIVE GROUP LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-04-14 (in 11mo)
Last made up 2026-03-31
Watchouts
None on the register
Cash
£6K
Latest balance sheet
Net assets
£2M
Equity attributable
Employees
27
Average over period
Profit before tax
-£728K
Period ending 2025-03-31
Name history
Renamed 1 time since incorporation
- THE PROGRESSIVE GROUP LIMITED 1990-09-21 → present
- PROGRESSIVE GROUP LIMITED 1989-10-17 → 1990-09-21
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £12,924,529 | £10,617,072 | |
| Operating profit | -£620,676 | -£670,232 | |
| Profit before tax | -£790,272 | -£727,512 | |
| Net profit | -£790,272 | -£715,972 | |
| Cash | £11,557 | £5,725 | |
| Total assets less current liabilities | £3,235,917 | £2,504,427 | |
| Net assets | £3,205,245 | £2,495,940 | |
| Equity | £3,205,245 | £2,495,940 | |
| Average employees | 28 | 27 | |
| Wages | £1,269,526 | £1,516,920 |
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | -4.8% | -6.3% | |
| Net margin | -6.1% | -6.7% | |
| Return on capital employed | -19.2% | -26.8% | |
| Current ratio | 1.73x | 1.73x | |
| Interest cover | -3.66x | -11.69x |
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
- Consolidated group
- Auditor
- Hilden Park Accountants Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- THE PROGRESSIVE GROUP LIMITED · parent
- Progressive Limited 100%
- Progressive Building Services Limited 100%
- Progressive Building Supplies Limited 100%
- Progressive Flooring (Ireland) Limited 100%
- Plastering Services (London Limited 100%
- Progressive International Limited 100%
- Segrasa Limited 100%
Significant events
- “Unfortunately, the disappointing performance of the Brickwork side experienced over the last few years has continued and a decision has been taken to cease taking on further contracts in the Brickwork sector.”
- “principal reason for this increase was the insolvency of a large customer and the subsequent bad debt expense.”
- “The directors have reviewed the financial performance of one of the subsidiaries of the group, Progressive Building Services Limited and consequently, due to challenging economic conditions across the construction sector arising from inflation and interest rates have made the decision to liquidate the company in the subsequent year.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ADDLEY, John Paul | Director | — | Jan 1965 | British |
| COONEY, Anthony Joseph | Director | 2013-12-16 | May 1956 | British |
| O'CONNELL, Lorraine Marian | Director | 1997-04-01 | Mar 1967 | Irish |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ADDLEY, John Paul | Secretary | — | 2018-03-29 |
| ADDLEY, Sylvester Flannan | Director | — | 2013-12-16 |
| NAUGHTON, Michael James | Director | 2013-12-16 | 2018-10-31 |
| WILKINSON, Neal Ashley | Director | — | 2013-10-18 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 97 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-06 | AA | accounts | Accounts with accounts type group | |
| 2025-11-11 | CH01 | officers | Change person director company with change date | |
| 2025-04-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-09 | AA | accounts | Accounts with accounts type group | |
| 2024-07-29 | AA | accounts | Accounts with accounts type group | |
| 2024-04-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-05 | AA | accounts | Accounts with accounts type group | |
| 2023-04-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-05-27 | AA | accounts | Accounts with accounts type group | |
| 2022-04-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-04-16 | AA | accounts | Accounts with accounts type group | |
| 2021-03-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-04-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-01-03 | AA | accounts | Accounts with accounts type group | |
| 2019-04-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-02-28 | CH01 | officers | Change person director company with change date | |
| 2019-02-28 | TM01 | officers | Termination director company with name termination date | |
| 2019-01-03 | AA | accounts | Accounts with accounts type group | |
| 2018-04-11 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31