PROGRESSION VENTURES GROUP LTD

Executive Summary

PROGRESSION VENTURES GROUP LTD demonstrates stable solvency with positive equity and current filings up to date. However, its liquidity position is tight, with current liabilities nearly equal to current assets, which poses some short-term risk. The company’s micro-entity scale and limited asset base warrant further review of cash flow and operational sustainability before considering investment.

PROGRESSION VENTURES GROUP LTD - Analysis Report

Company Number: 14154984

Analysis Date: 2025-07-20 13:21 UTC

1. Risk Rating: MEDIUM
   The company shows a very narrow margin between current assets and current liabilities, indicating potential liquidity pressure. However, it remains solvent with positive shareholders’ funds and no overdue filings, suggesting operational continuity at present.

2. Key Concerns:

• Liquidity Risk: Current assets (£143,602) barely cover current liabilities (£141,635) as of 30 November 2024, leaving minimal working capital buffer (£1,967 net current assets), which could strain short-term cash flow.
• Limited Asset Base: Fixed assets are negligible (£156), implying limited collateral or tangible asset backing, potentially increasing vulnerability to financial stress.
• Small Scale and Micro Account Status: The micro-entity classification with only 2 employees and minimal capital (£2,618 equity) may limit operational resilience and access to external financing.

3. Positive Indicators:

• No Overdue Filings: Both accounts and confirmation statement filings are up to date, indicating good compliance and governance discipline.
• Consistent Shareholders’ Funds: Equity has slightly increased from £2,465 in 2023 to £2,618 in 2024, showing a stable financial base.
• Active Status with No Insolvency Proceedings: The company is active, not in liquidation or administration, suggesting ongoing business operations.

4. Due Diligence Notes:

• Investigate the nature and timing of current liabilities to assess any upcoming repayment pressures or refinancing needs.
• Review cash flow statements or management accounts to confirm liquidity trends beyond the year-end snapshot.
• Evaluate the business model sustainability given the micro-entity scale and limited asset base, especially in the competitive internet retail sector (SIC 47910).
• Confirm director background and governance structures to ensure no hidden regulatory or compliance issues.