PROGENY LAW AND TAX 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

  +82.9%

  £2,943,000 → £5,382,000

• Cash

  +90.3%

  £681,000 → £1,296,000

  highest in 5 filed years

• Net assets

  -6.6%

  -£8,026,000 → -£8,553,000

  lowest in 5 filed years

• Employees

  +62.8%

  43 → 70

  highest in 5 filed years

• Operating profit

  +72.6%

  -£1,984,000 → -£543,000

• Profit before tax

  +85.4%

  -£3,608,000 → -£527,000

• Wages

  +47.4%

  £2,168,000 → £3,196,000

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. PROGENY LAW AND TAX LIMITED 2019-12-23 → present
2. PROGENY PRIVATE LAW LTD 2015-04-23 → 2019-12-23

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The company had net liabilities at the year end of £8,553,000 (2023 - £8,026,000), net current liabilities of £424,000 (2023 net current assets of £221,000) and made an operating loss for the year ended 31 December 2024 of £543,000 (2023 - £1,984,000). In confirming that they believe the going concern basis of accounting to be appropriate for the preparation of the financial statements, the directors considered the company's ability to pay its debts as they fall due for a period of at least twelve months from the date of their approval. The net liabilities is because of an intercompany creditor due to The Progeny Group Limited ('TPG'). 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. In addition the directors are aware that Further Global have provided written intent to continue to make available such funds as are needed by Progeny Holdings Limited and its subsidiaries (including TPG), during the going concern assessment period. Based on the above, the directors believe that it remains appropriate to prepare the financial statements on a going concern basis, as they have concluded that the Group's financial position means that this is realistic for at least a year from the date of approval of the financial statements.”

Group structure

1. PROGENY LAW AND TAX LIMITED · parent
   1. Moray Group Limited 100% · UK · Holding company
   2. Watsons Law LLP 100% · UK · Dormant

Significant events

• “In early June 2024, the company acquired the trade and assets of Wilfred T. Fry Limited and Wilfred T. Fry (Executor and Trustee) Limited, both fellow group undertakings.”

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

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

1

last 12 months

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