PROGENY HOLDINGS LIMITED
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Cash
£20M
-8.4% vs 2024
Net assets
£215M
-12.2% lowest in 3 filed years
Employees
590
-19.7% lowest in 3 filed years
Profit before tax
-£26M
+7.6% highest in 3 filed years
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £54,141,000 | £83,861,000 | £83,384,000 | -0.6% | |
| Operating profit | -£32,103,000 | -£27,050,000 | -£25,447,000 | +5.9% | |
| Profit before tax | -£32,388,000 | -£27,772,000 | -£25,661,000 | +7.6% | |
| Net profit | -£28,951,000 | -£27,909,000 | -£30,006,000 | -7.5% | |
| Cash | £12,197,000 | £22,039,000 | £20,186,000 | -8.4% | |
| Total assets less current liabilities | £256,614,000 | £247,850,000 | £217,337,000 | -12.3% | |
| Net assets | £224,116,000 | £245,130,000 | £215,112,000 | -12.2% | |
| Equity | £224,116,000 | £245,130,000 | £215,112,000 | -12.2% | |
| Average employees | 606 | 735 | 590 | -19.7% | |
| Wages | £35,083,000 | £42,972,000 | £42,728,000 | -0.6% | |
| Directors' remuneration | £1,468,000 | £1,093,000 | £1,080,000 | -1.2% |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | -59.3% | -32.3% | -30.5% | |
| Net margin | -53.5% | -33.3% | -36.0% | |
| Return on capital employed | -12.5% | -10.9% | -11.7% | |
| Gearing (liabilities / total assets) | — | 6.6% | 8.3% | |
| Current ratio | 1.35x | 2.83x | 2.47x | |
| Interest cover | -31.88x | -23.50x | -83.43x |
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 HOLDINGS LIMITED 2019-05-25 → present
- PROGENYCO 14 LIMITED 2019-03-09 → 2019-05-25
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- RSM UK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' 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 group's or the parent 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.”
Group structure
- PROGENY HOLDINGS LIMITED · parent
- The Progeny Group Limited 100%
- Progeny Law and Tax Limited 100%
- Progeny Asset Management Limited 100%
- Progeny International Limited 100%
- Lawsco Holdings Limited 100%
- Progeny Wealth Limited 100%
- WHPG Limited 100%
- Affinity IFA Limited 100%
- Watsons Law LLP 100%
- Russell Ulyatt Group Limited 100%
- Russell Ulyatt Holdings Limited 100%
- The RU Group Financial Services Ltd 100%
- Russell Ulyatt Financial Services Limited 100%
- Shevill Parkes (Financial Services) Limited 100%
- Channack Ross Limited 100%
- CH Trustees Limited 100%
- Greenhalgh Financial Services Limited 100%
- Policy Trustees Limited 100%
- Coll Perkins Limited 100%
- Moray Group Limited 100%
- Balmoral Asset Management Limited 100%
- Lewis Brownlee Holdings Limited 100%
- Lewis Brownlee Financial Services Limited 100%
- Fry Wealth Limited 100%
- Wilfred T Fry Limited 100%
- Wilfred T. Fry (Personal Financial Planning) Limited 100%
- Wilfred T. Fry (Executor and Trustee) Limited 100%
- Harris Stewart Limited 100%
- British Taxpayers Association Limited 100%
- Progeny (Belgium) S.A. 100%
- Progeny (Hong Kong) Limited 100%
- Progeny (SG) Pte. Ltd. 100%
- Progeny (DIFC) Limited 100%
- Gibbs Denley Holdings Limited 100%
- Gibbs Denley Group Limited 100%
- Gibbs Denley Financial Services Limited 100%
- Gibbs Denley Pension Trustees Limited 100%
- Gibbs Denley Investment Management Limited 100%
- Fiscal Engineers Limited 100%
- Chartered Wealth Management Limited 100%
- CWM Investment Management Limited 100%
- Carbon Financial Holdings Limited 100%
- Carbon Financial Partners Limited 100%
Significant events
- “During 2025, the Group materially changed and strengthened the management team with eight new senior management appointments.”
- “As part of the restructuring, the Group decided earlier in 2026 to divest its Small-Self Administered Scheme (SSAS) business to Intrusted Pensions Services Ltd.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BAKER, David Michael | Director | 2025-06-01 | Sep 1966 | British |
| HODGSON, Andrea Katherine | Director | 2025-06-01 | Jun 1967 | British |
| NDAWULA, Robert Samuel Duncan Mugenyi | Director | 2025-05-07 | Feb 1974 | British |
| SARKOZY, Pierre Olivier | Director | 2024-12-04 | May 1969 | American |
| STEVENSON, Ewen James | Director | 2024-12-04 | Apr 1966 | British,New Zealander |
| WOOD, Thomas Francis | Director | 2024-07-29 | Apr 1972 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ALLEN, Steven Michael | Director | 2022-04-04 | 2023-09-05 |
| LEONI SCETI, Patrick William Elio | Director | 2019-05-14 | 2022-04-04 |
| MOLES, Neil Anthony | Director | 2019-05-14 | 2025-02-03 |
| SCOTT-SOMERS, Alistair Michael | Director | 2023-01-13 | 2024-12-04 |
| SCOTT-SOMERS, Alistair Michael | Director | 2019-03-09 | 2019-05-14 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Pierre Olivier Sarkozy | Individual | Voting 75–100%, Appoints directors | 2022-04-04 | Active |
| Leoni Sceti Group Limited | Corporate entity | Shares 50–75%, Voting 50–75% | 2019-05-14 | Ceased 2022-06-22 |
| Mr Alistair Michael Scott-Somers | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-03-09 | Ceased 2019-05-14 |
Filing timeline
Last 20 of 87 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-31 | AA | accounts | Accounts with accounts type group | |
| 2026-03-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-07 | AA | accounts | Accounts with accounts type group | |
| 2025-09-23 | CH01 | officers | Change person director company with change date | |
| 2025-06-27 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-24 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-07 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-25 | RP04TM01 | officers | Second filing of director termination with name | |
| 2025-03-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-02-28 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-06 | SH01 | capital | Capital allotment shares | |
| 2024-12-18 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-05 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-05 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-04 | SH01 | capital | Capital allotment shares | |
| 2024-12-02 | SH01 | capital | Capital allotment shares | |
| 2024-10-30 | PARENT_ACC | accounts | Legacy | |
| 2024-10-29 | AA | accounts | Accounts with accounts type group | |
| 2024-10-01 | SH01 | capital | Capital allotment shares | |
| 2024-07-29 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 4
- 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.