Progressive Motorsport Limited

Progressive Motorsport Ltd from Buckingham UK: a small, active company founded 18 years ago, employs 13 people, and holds £372,008 in assets. Operating from a virtual address, it’s managed by three directors and two owners. The company regularly imports vehicles, parts, and accessories (excluding trains or trams) – a trend spanning 10 months, with the latest import in February 2025 – and exports miscellaneous manufactured goods, a pattern seen over 49 months, with the last export in December 2024.

The company operates in the “other business support service activities n.e.c.” industry. It's a small company, meeting two of three conditions: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. While the website is not available, the company's activities appear to revolve around motorsport-related services, though specific details are unavailable.

Financial data reveals a mixed picture. Current assets have fallen by 23% to £370,000, while net assets have also decreased by 22% to £350,000. Cash bank on hand has plummeted 62% to £63,000, and average number of employees has dropped by 31% to just nine. Creditors have increased by 25%, and other creditors have risen by a significant 140%. Trade debtors have decreased by 24%, and other debtors have increased by 8.8%. Tax and social security payable has risen considerably.

Despite these challenges, the company’s fixed assets have increased by 68%. The significant drop in cash reserves and employees suggests a potential need to manage expenses more closely. The lack of an auditor mentioned (likely exempt as a small company) means the figures rely on unaudited director’s reports. It’s possible the company is reinvesting in its business, but the financial trends warrant careful monitoring.

Registered in England/Wales under the registration number 05983953, with a registered address at MK18 1HD, Buckingham, Bucks, Chandos House, School Lane.

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