PROGRESSIVE GROUP SERVICES LTD
Company number 13478153 · Monitor this company
This analysis was written by an AI from the company's public filings. It may contain errors or omissions and is not financial or professional advice.
PROGRESSIVE GROUP SERVICES LTD - Analysis Report
Company Number: 13478153
Analysis Date: 2025-07-29 15:15 UTC
Risk Rating: LOW
The company demonstrates a positive net asset position with increasing net current assets over the last three years. There are no overdue filings or indications of insolvency or liquidation. The small scale and exemption from audit are consistent with micro-entity status.Key Concerns:
- Limited scale of operations: The company remains very small with only 2 employees and modest asset levels, which may limit its operational resilience.
- Lack of detailed financial disclosure: As a micro-entity filing under FRS 105, detailed profit and loss information is not publicly available, limiting thorough financial assessment.
- Concentration of control: The sole director and PSC is also the sole controller, which may raise governance and succession planning considerations for investors.
- Positive Indicators:
- Consistent growth in net current assets and shareholders’ funds from £1,409 in 2021 to £5,103 in 2024, showing incremental strengthening of the balance sheet.
- Compliance with filing deadlines and no evidence of regulatory or governance issues.
- The company is active and operating within a defined niche (private security activities), with stable employee count.
- Due Diligence Notes:
- Obtain management accounts or internal financial reports to understand revenue, profitability, and cash flow trends given the limited statutory disclosures.
- Review contracts or client base to assess business sustainability and potential growth opportunities in the private security sector.
- Confirm if there are any contingent liabilities, related party transactions, or off-balance sheet exposures not reflected in the micro-entity accounts.
- Investigate director background beyond the Companies House data to confirm there are no undisclosed risks or compliance concerns.
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