PROGRESSIVE TECHNOLOGY LIMITED

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

• Turnover

  +24.3%

  £22,498,491 → £27,975,455

  highest in 3 filed years

• Cash

  -87.9%

  £1,404,951 → £170,134

  lowest in 4 filed years

• Net assets

  +1.4%

  £7,615,622 → £7,722,438

  highest in 4 filed years

• Employees

  +15%

  200 → 230

  highest in 4 filed years

• Operating profit

  +40.1%

  £1,183,709 → £1,658,390

  highest in 3 filed years

• Profit before tax

  +34.9%

  £938,817 → £1,266,516

• Wages

  +15.4%

  £8,950,507 → £10,331,507

  highest in 4 filed years

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

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.

1. PROGRESSIVE TECHNOLOGY LIMITED 2010-04-27 → present
2. PROGRESSIVE TECHNOLOGY (NEWBURY) LIMITED 2009-12-24 → 2010-04-27
3. PROGRESSIVE ENGINEERING TECHNOLOGY LIMITED 2009-12-02 → 2009-12-24
4. ASHTONTREND LIMITED 2009-10-20 → 2009-12-02

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Ormerod Rutter

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the director's 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 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.”

Significant events

• “The company has continued to make significant capital investments during the year on plant & machinery, premises, and on increasing the fully trained workforce. All these investments were undertaken in order to better service the increased demands of our customers, and in preparation for our next financial year and beyond.”
• “General economic uncertainty generated following the United Kingdom's exit from the European Union could cause market fluctuations, but the business has a strong financial base and strategic plans to manage and adapt to market uncertainties and the changes faced in the future.”
• “The company engaged in research and development activities during the financial period.”
• “The company will continue to invest in state of the art tools and software to enhance their development and skills within multi axis machining to continue growing its presence across the United Kingdom and Europe.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.