PROGRESSIVE AUDIO VISUAL LIMITED
Company number 05006803 · Monitor this company
Executive summary
Progressive Audio Visual Limited is a two-employee specialist audio/video retailer with negative shareholders' funds of £41,400, total assets of only £25,342, and no disclosed turnover or profitability — it is balance sheet insolvent with no asset base to support recovery. The apparent FY2025 liquidity improvement (cash up £18,189) was approximately 77% funded by an additional £15,678 of long-term borrowing rather than trading, and the company remains dependent on creditor forbearance to meet short-term obligations. Recommendation: DECLINE unsecured facilities; a small secured, personal-guarantee-backed trade line could be reconsidered only on receipt of management accounts and formal subordination of the long-term creditor.
Shareholders' funds
£33,015
Balance sheet as at 2026-01-31
Overview
- Company type
- Private Limited Company
- Incorporated
- 2004-01-06
- Employees
- 2 (2026 accounts)
- Registered office
- The Old Saw Mill Langton Road, Speldhurst, Tunbridge Wells, Kent, England, TN3 0JU
- Postcode
- TN3 0JU
- Capital
- 3 GBP
- Accounts category
- Total Exemption Full
Accounts
- Last made up to
- 2026-01-31
- Next due by
- 2027-10-31
- Financial year end
- 31 January
Confirmation statement
- Last statement dated
- 2025-12-21
- Next due by
- 2027-01-04
Nature of business (SIC)
- 47430 Retail sale of audio and video equipment in specialised stores
Officers 3 current · 3 resigned
Contact details
Previous registered addresses 3
| Address | Changed on |
|---|---|
| CAYMAN COTTAGE, BARDEN ROAD SPELDHURST, TUNBRIDGE WELLS, KENT, TN3 0PT | 2016-02-23 |
| 3 ASHFORD ROAD, MAIDSTONE, KENT, ME14 5BJ | 2007-07-09 |
| CAYMAN COTTAGE, BARDEN ROAD, SPELDHURST, TUNBRIDGE WELLS, KENT TN3 0PT | 2004-01-07 |
At this address
3rd largest employer
of 10 similar companies in TN, with 2 staff.
Competitors Ashford
This company ranks 4 among retail sale of audio and video equipment in specialised stores in Ashford.
The class of 2004
36%
of the 135,823 companies incorporated in 2004 are still active today; 61% have since been dissolved.
A fact about the year, not a forecast for this company.