PROGENY LAW AND TAX LIMITED
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Cash
£1.1M
-12.6% vs 2024
Net assets
-£10M
-17.3% lowest in 5 filed years
Employees
79
+12.9% highest in 5 filed years
Profit before tax
-£1.9M
-260.9% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
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Material uncertainty over going concern
The company had net liabilities at the year end of £10,033,000 (2024: £8,553,000), net current liabilities of £11,003,000 (2024: £ 424,000) and made an operating loss for the year ended 31 December 2025 of £1,910,000 (2024: £543,000). Despite the adverse trading performance of the Company in the year, the business is a core part of the Group's offering to clients and there is a clear strategic plan in place to improve the performance of the Company going forwards. 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 are 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.
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Going-concern uncertainty disclosed
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Negative shareholders' funds
Net assets
5-year trend · vs Industrials 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 | — | — | £2,943,000 | £5,382,000 | £7,014,000 | +30.3% | |
| Operating profit | — | — | -£1,984,000 | -£543,000 | -£1,910,000 | -251.7% | |
| Profit before tax | — | — | -£3,608,000 | -£527,000 | -£1,902,000 | -260.9% | |
| Net profit | — | — | -£3,608,000 | -£527,000 | -£1,480,000 | -180.8% | |
| Cash | £14,082 | £34,099 | £681,000 | £1,296,000 | £1,133,000 | -12.6% | |
| Total assets less current liabilities | £307,150 | £605,592 | £941,000 | £1,410,000 | -£10,033,000 | -811.6% | |
| Net assets | £307,150 | £381,592 | -£8,026,000 | -£8,553,000 | -£10,033,000 | -17.3% | |
| Equity | £307,150 | £381,592 | -£8,026,000 | -£8,553,000 | -£10,033,000 | -17.3% | |
| Average employees | 32 | 41 | 43 | 70 | 79 | +12.9% | |
| Wages | — | — | £2,168,000 | £3,196,000 | £3,923,000 | +22.7% | |
| Directors' remuneration | — | — | £483,000 | £652,000 | £961,000 | +47.4% |
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 | — | — | -67.4% | -10.1% | -27.2% | |
| Net margin | — | — | -122.6% | -9.8% | -21.1% | |
| Return on capital employed | — | — | -210.8% | -38.5% | — | |
| Current ratio | — | — | 1.15x | 0.91x | 0.28x | |
| Interest cover | — | — | -3.30x | -77.57x | — |
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 1 time since incorporation
- PROGENY LAW AND TAX LIMITED 2019-12-23 → present
- PROGENY PRIVATE LAW LTD 2015-04-23 → 2019-12-23
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 had net liabilities at the year end of £10,033,000 (2024: £8,553,000), net current liabilities of £11,003,000 (2024: £ 424,000) and made an operating loss for the year ended 31 December 2025 of £1,910,000 (2024: £543,000). Despite the adverse trading performance of the Company in the year, the business is a core part of the Group's offering to clients and there is a clear strategic plan in place to improve the performance of the Company going forwards. 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 are 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.”
Group structure
- PROGENY LAW AND TAX LIMITED · parent
- Moray Group Limited 100%
- Watsons Law LLP 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BOWIE, Joseph Robert | Director | 2025-05-15 | Apr 1985 | British |
| HASYN, Martin James | Director | 2015-07-29 | Jul 1973 | British |
| HUSSAIN, Zeeshan Shazada | Director | 2023-06-26 | Oct 1978 | British |
| MALEHAM, Tony | Director | 2023-10-09 | Aug 1971 | British |
| NDAWULA, Robert Samuel Duncan Mugenyi | Director | 2025-05-15 | Feb 1974 | British |
| WATSON, Julian Charles | Director | 2023-06-26 | Mar 1968 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DAVIES, Frances Ruth | Director | 2015-07-10 | 2023-03-09 |
| FARNELL, Suzannah Emily | Director | 2015-04-23 | 2016-06-08 |
| GLAZEBROOK, Simon Paul William | Director | 2015-07-29 | 2017-01-03 |
| LEONI SCETI, Patrick William Elio | Director | 2016-04-21 | 2022-04-04 |
| MOLES, Neil Anthony | Director | 2016-04-21 | 2025-02-03 |
| SCOTT-SOMERS, Alistair Michael | Director | 2020-04-01 | 2025-06-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| The Progeny Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-24 | Active |
Filing timeline
Last 20 of 88 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-30 | AA | accounts | Accounts with accounts type full | |
| 2026-05-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-07 | AA | accounts | Accounts with accounts type full | |
| 2025-07-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-15 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-15 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-04 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-14 | AA | accounts | Accounts with accounts type full | |
| 2024-04-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-18 | AA | accounts | Accounts with accounts type small | |
| 2024-03-13 | DISS40 | gazette | Gazette filings brought up to date | |
| 2024-03-12 | GAZ1 | gazette | Gazette notice compulsory | |
| 2023-10-09 | AP01 | officers | Appoint person director company with name date | |
| 2023-06-26 | AP01 | officers | Appoint person director company with name date | |
| 2023-06-26 | AP01 | officers | Appoint person director company with name date | |
| 2023-04-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-03-09 | TM01 | officers | Termination director company with name termination date | |
| 2022-12-29 | AA | accounts | Accounts with accounts type small | |
| 2022-11-25 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.