Progressive Media Investments Limited

Progressive Media Investments Ltd from Hull UK is a large company, operating as a holding company with an active status. Founded seventeen years ago in 2007, the business employs 101 people and holds £7,595,439 in assets, generating £3,274,938 in yearly revenue. It has a real address, is overseen by two directors, and has one owner. The company is an irregular exporter of jewelry, precious stones, and metals, with just one month of export activity recorded.

The company’s website details a diverse portfolio of B2B and B2C media brands, all focused on telling stories about global change. Their values emphasize creating a culture of success, and their purpose is to help audiences find solutions to challenges, underpinned by technology and data. Key brands include Elite Traveler, New Statesman, Press Gazette, and Spears, each catering to specific niches within luxury, politics, media, and wealth management. The website also highlights a partnership with GlobalData, a data provider, and PMI, a B2B media company. The website also contains a blog with articles on travel, design, and luxury goods.

Financially, Progressive Media Investments Ltd shows some concerning trends. While turnover remained relatively stable, net losses deepened significantly, plummeting 110% to -£930,000. Cash reserves fell 47% to £1,700,000, and bank borrowings increased by 18%, reaching £630,000. Creditors also rose 6.2% to £21,000,000, suggesting increased reliance on external financing. The number of employees decreased by 16% to 85, and administrative expenses dropped by a substantial 46%. The company meets the criteria to be considered a large company, having turnover over £36 million, balance sheet total over £18 million, and more than 250 employees. The company’s financial statements were audited by Smailes Goldie.

These numbers suggest the company may be burning through cash, possibly due to increased operating costs or decreased revenue from its various media brands. However, the company’s diverse portfolio and strong brand recognition could provide a foundation for future growth.

Registered in England/Wales under the registration number 06339167, with a registered address at HU1 1NQ, England, Hull, Studio 5 Salters House, 156 High Street.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.