Progressive Parts Ltd

Progressive Parts Ltd from Stockport UK: small company, active status, founded 8 years ago, £680,222 assets, real address, 2 directors, 2 owners. Regular importer of vehicles, parts, and accessories (not for trains or trams) (39 months imported). Irregular exporter of vehicles, parts, and accessories (not for trains or trams) (2 months exported). It’s a small, active company, having been around for eight years, and holding a respectable £680,222 in assets. Based in Stockport, it operates from a real address and is managed by two directors and owners.

Progressive Parts Ltd specializes in supplying performance car parts and accessories, operating primarily through its online store. The website showcases a vast selection of products, from exhausts and intakes to brakes and suspension components, catering to enthusiasts and mechanics alike. It’s clear the company is focused on the retail trade of motor vehicle parts and accessories, with a strong emphasis on brands like Akrapovic, Forge, and Bilstein. The site even offers tuning software and installation services, suggesting a hands-on approach to performance upgrades. There's a workshop section, too, which is a nice touch.

Financially, Progressive Parts Ltd presents a mixed picture. While current assets remain steady at £680,000, net assets have fallen by a significant 35% to £130,000, which is a bit concerning. Bank borrowings have increased considerably, up 570% to £110,000 within the last year, and cash reserves have decreased, though still at a healthy £210,000. Creditors have also risen, increasing 81% to £340,000 within the last year. The company meets the criteria for a small business, with turnover likely below £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it’s exempt from a full audit, so the figures are unaudited.

The company’s focus on importing vehicles, parts, and accessories for nearly four years, with a recent import in February 2025, suggests a reliable supply chain. However, the irregular export activity, with just two months of exports as of February 2021, indicates a limited international reach. It’s possible that the company is primarily focused on the UK market, or that export operations are currently on hold.

Registered in England/Wales under the registration number 10424310, with a registered address at SK4 1PQ, England, Stockport, Greater Manchester, Unit 3 Hammond Trade Centre Unit 3 Hammond Trade Centre, Reddish.

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