PROGRESSIVE SYSTEMS LIMITED
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Cash
£2.2M
+56.8% highest in 6 filed years
Net assets
£1.8M
-6% vs 2024
Employees
55
-3.5% vs 2024
Profit before tax
£1.9M
+86.6% highest in 6 filed years
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-06-30
| Metric | Trend | 2020-06-30 | 2021-06-30 | 2022-06-30 | 2023-06-30 | 2024-06-30 | 2025-06-30 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | £14,778,704 | £16,270,506 | £18,359,763 | £16,960,656 | £19,247,236 | £20,749,452 | +7.8% | |
| Operating profit | £802,480 | £227,659 | £658,301 | £1,063,518 | £1,062,577 | £1,925,218 | +81.2% | |
| Profit before tax | £785,176 | £196,844 | £620,745 | £1,031,689 | £1,029,093 | £1,920,310 | +86.6% | |
| Net profit | £871,960 | £166,744 | £504,818 | £972,616 | £798,207 | £1,433,032 | +79.5% | |
| Cash | £1,214,476 | £1,033,976 | £1,358,467 | £1,312,451 | £1,403,589 | £2,200,329 | +56.8% | |
| Total assets less current liabilities | £1,728,296 | £2,441,338 | £2,400,370 | £2,632,424 | £2,557,836 | £2,564,500 | +0.3% | |
| Net assets | £1,304,099 | £1,470,843 | £1,475,661 | £1,838,277 | £1,942,484 | £1,825,516 | -6% | |
| Equity | £1,304,099 | £1,470,843 | £1,475,661 | £1,838,277 | £1,942,484 | £1,825,516 | -6% | |
| Average employees | 47 | 44 | 44 | 51 | 57 | 55 | -3.5% | |
| Wages | £1,286,659 | £1,258,574 | £1,351,081 | £1,662,819 | £2,241,075 | £2,486,870 | +11% | |
| Directors' remuneration | £250,108 | £476,471 | £528,311 | £569,883 | £818,406 | £835,421 | +2.1% |
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 | 2020-06-30 | 2021-06-30 | 2022-06-30 | 2023-06-30 | 2024-06-30 | 2025-06-30 |
|---|---|---|---|---|---|---|---|
| Operating margin | 5.4% | 1.4% | 3.6% | 6.3% | 5.5% | 9.3% | |
| Net margin | 5.9% | 1.0% | 2.7% | 5.7% | 4.1% | 6.9% | |
| Return on capital employed | 46.4% | 9.3% | 27.4% | 40.4% | 41.5% | 75.1% | |
| Current ratio | — | — | — | — | 1.46x | 1.32x | |
| Interest cover | 42.32x | 7.37x | 17.45x | 29.96x | 23.27x | 53.38x |
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
- PKF Francis Clark
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have reviewed the risks and uncertainties and conclude that there are no material uncertainties and therefore the going concern basis of preparation is appropriate.”
Significant events
- “At the year end the company had substantial secured orders and work in progress to complete with further significant opportunities for contracts in negotiations to commence in early 2026.”
- “In response to the industry labour shortage, the company has developed its very own apprenticeship scheme in Roofing & Cladding - the first of its kind in the area. The company works alongside a local training centre to deliver a level 2 apprenticeship with 18 students currently undertaking the course.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HARDWARE, Luke Anthony | Director | 2020-06-28 | Nov 1984 | British |
| PHILLIPS, Christopher James | Director | 2020-06-28 | Jul 1987 | British |
| RAYNER, James Oliver | Director | 2020-06-28 | Nov 1985 | British |
| SMITH, Andrew Kenneth | Director | 2020-06-28 | Oct 1985 | British |
| STEPHENS, Nathan John | Director | 2020-06-28 | Nov 1978 | British |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| WOOD, Paul Stuart | Secretary | 1999-05-26 | 2024-01-01 |
| WOODHEAD, Leigh William | Secretary | — | 1999-05-26 |
| BASSETT, Andrew John | Director | 2000-03-22 | 2024-01-01 |
| CURTIS, Christopher Joseph | Director | 2010-04-01 | 2022-08-31 |
| FOX, Roger John | Director | — | 2025-09-25 |
| JONES, Christopher Paul | Director | — | 2006-06-30 |
| RICHARDS, Keith | Director | 2009-01-01 | 2022-08-31 |
| THOMAS KEEPING, Lindsay Charles | Director | 2009-05-06 | 2010-06-16 |
| WOOD, Paul Stuart | Director | 2000-03-22 | 2024-01-01 |
| WOODHEAD, Leigh William | Director | — | 2002-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Paul Stuart Wood | Individual | Shares 25–50% | 2016-04-06 | Ceased |
| Techumbre Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 146 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-06 | CH01 | officers | Change person director company with change date | |
| 2026-03-06 | CH01 | officers | Change person director company with change date | |
| 2026-02-27 | AA | accounts | Accounts with accounts type full | |
| 2025-10-06 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-07 | CH01 | officers | Change person director company with change date | |
| 2025-06-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-19 | CH01 | officers | Change person director company with change date | |
| 2025-03-28 | AA | accounts | Accounts with accounts type full | |
| 2024-06-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-18 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-18 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-18 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-12-20 | AA | accounts | Accounts with accounts type full | |
| 2023-06-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-03-08 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-02-16 | AA | accounts | Accounts with accounts type full | |
| 2022-08-31 | TM01 | officers | Termination director company with name termination date | |
| 2022-08-31 | TM01 | officers | Termination director company with name termination date | |
| 2022-06-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-03-28 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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.