PROGENY WEALTH LIMITED
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Cash
£7.2M
+18.8% highest in 5 filed years
Net assets
£4M
+65.9% highest in 5 filed years
Employees
394
+9.7% highest in 5 filed years
Profit before tax
-£2.5M
+67% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The company is reliant on an intercompany creditor due to The Progeny Group Limited ('TPG') not being called. The directors of TPG have indicated that they will not seek repayment of this balance if this would result in the company not being able to repay its external creditors in the normal course of business. Based on the above, the directors believe that it remains appropriate to prepare the financial statements on a going concern basis.
-
4 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
-
Going-concern uncertainty disclosed
Net assets
5-year trend · vs Financials median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | £10,354,344 | £11,842,969 | £22,837,000 | £33,244,000 | £45,898,000 | +38.1% | |
| Operating profit | £1,021,136 | £550,213 | -£4,625,000 | -£7,379,000 | -£2,535,000 | +65.6% | |
| Profit before tax | £1,008,337 | £533,386 | -£4,741,000 | -£7,523,000 | -£2,486,000 | +67% | |
| Net profit | £1,025,173 | £533,386 | -£4,741,000 | -£5,804,000 | -£1,401,000 | +75.9% | |
| Cash | £57,706 | £214,754 | £292,000 | £6,073,000 | £7,215,000 | +18.8% | |
| Total assets less current liabilities | £1,098,458 | £1,424,265 | -£3,668,000 | £3,531,000 | £5,047,000 | +42.9% | |
| Net assets | £1,098,458 | £1,424,265 | -£4,170,000 | £2,426,000 | £4,025,000 | +65.9% | |
| Equity | £1,098,458 | £1,424,265 | -£4,170,000 | £2,426,000 | £4,025,000 | +65.9% | |
| Average employees | 114 | 146 | 286 | 359 | 394 | +9.7% | |
| Wages | £5,988,427 | £7,117,088 | £18,454,000 | £24,738,000 | £26,815,000 | +8.4% | |
| Directors' remuneration | £1,231,711 | £1,041,788 | £2,150,000 | £1,447,000 | £2,683,000 | +85.4% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | 9.9% | 4.6% | -20.3% | -22.2% | -5.5% | |
| Net margin | 9.9% | 4.5% | -20.8% | -17.5% | -3.1% | |
| Return on capital employed | 93.0% | 38.6% | — | -209.0% | -50.2% | |
| Current ratio | — | — | 0.68x | 1.13x | 1.17x | |
| Interest cover | 76.16x | 32.70x | -39.87x | -51.24x | -15.46x |
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.
Name history
Renamed 2 times since incorporation
- PROGENY WEALTH LIMITED 2017-09-06 → present
- LAWRENCE SCOFFIELD & CO. LIMITED 1982-06-24 → 2017-09-06
- CHEAMGLADE LIMITED 1979-01-09 → 1982-06-24
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- RSM UK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The company is reliant on an intercompany creditor due to The Progeny Group Limited ('TPG') not being called. The directors of TPG have indicated that they will not seek repayment of this balance if this would result in the company not being able to repay its external creditors in the normal course of business. Based on the above, the directors believe that it remains appropriate to prepare the financial statements on a going concern basis.”
Significant events
- “In February 2025, the Financial Conduct Authority ('FCA') published the findings of its multi firm review into the delivery of ongoing financial advice services across the sector.”
- “On 1 February 2025 and 1 December 2025, the company acquired the trade and assets of Chartered Wealth Management Limited and Fiscal Engineers Limited respectively, both fellow group undertakings, for a consideration equal to the aggregate net book value of the net assets acquired.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 20 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BRESCIA, Jessica Anne | Director | 2025-12-09 | May 1980 | American |
| FRANCIS, John Barry William | Director | 2019-04-11 | Nov 1980 | British |
| NDAWULA, Robert Samuel Duncan Mugenyi | Director | 2025-05-12 | Feb 1974 | British |
| WOOD, Thomas Francis | Director | 2024-07-29 | Apr 1972 | British |
Show 20 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MOLES, Neil Anthony | Secretary | 2008-03-04 | 2025-02-03 |
| SCOFFIELD, John Dominic | Secretary | — | 2008-03-04 |
| ALLEN, Steven Michael | Director | 2018-01-12 | 2023-09-05 |
| CLARKE, Andrew Nicholas | Director | 2014-06-30 | 2021-03-02 |
| FRASER, Andrew Robert | Director | 2008-03-04 | 2010-08-18 |
| GERWAT, Robert Jonathan | Director | 2017-11-16 | 2020-04-20 |
| GILLMAN, Timothy James | Director | 2024-11-21 | 2025-11-03 |
| HAWKESLEY, Caroline Michelle | Director | 2018-12-12 | 2025-12-04 |
| LAWRENCE, Paul David | Director | — | 2008-03-04 |
| LOBO, Dominic Charles | Director | 2017-11-16 | 2020-04-20 |
| MOLES, Neil Anthony | Director | 2008-03-04 | 2025-02-03 |
| MOSS, Peter William Kenneth | Director | 2017-11-16 | 2019-09-19 |
| MOXHAM, Samantha Jane | Director | 2019-06-20 | 2021-06-14 |
| NAREY, Christopher Sean | Director | 2008-07-01 | 2014-06-30 |
| PEREIRA, Andrew Clements Anthony | Director | 2017-11-16 | 2026-04-20 |
| SCOFFIELD, John Dominic | Director | — | 2008-03-04 |
| SHAW, Alexander Charles Michael | Director | 2014-06-30 | 2020-04-20 |
| THOMAS, Charlotte Emily | Director | 2017-02-01 | 2025-11-07 |
| THOMPSON, Stephen Philip | Director | — | 2016-07-01 |
| WILLIAMS, Antony Paul Christopher | Director | 2018-12-12 | 2020-03-19 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Lawsco Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-08-15 | Active |
| Lawsco Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Ceased 2017-08-15 |
Filing timeline
Last 20 of 184 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-30 | AA | accounts | Accounts with accounts type full | |
| 2026-04-21 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-23 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-17 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-14 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-14 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-07 | AA | accounts | Accounts with accounts type full | |
| 2025-09-23 | CH01 | officers | Change person director company with change date | |
| 2025-05-12 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-03-04 | SH01 | capital | Capital allotment shares | |
| 2025-03-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-03 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-12-02 | SH01 | capital | Capital allotment shares | |
| 2024-12-02 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-14 | AA | accounts | Accounts with accounts type full | |
| 2024-10-01 | SH01 | capital | Capital allotment shares | |
| 2024-07-29 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-30 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 3
- Officers appointed
- 1
- Officers resigned
- 4
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.