Progressive Safety Footwear And Clothing Limited

Progressive Safety Footwear And Clothing Ltd, a well-established company based in South Yorkshire, UK, has been a fixture in the safety equipment industry for 64 years. Founded in 1961, this large company, currently active, employs 52 people and holds assets valued at £5,443,339. With four directors and a single owner—Howard Topham—the business operates from a real address and boasts a respectable Google rating of 4.0 based on 33 reviews. The company is a regular importer, bringing in footwear and related items for the past 151 months, with the most recent import occurring in January 2025. They also export clothing and accessories made by knitting or crocheting, with 11 months of export activity, the last in December 2023.

The company’s website isn’t currently available to review, so it's difficult to determine if they operate an e-commerce platform. However, their business model appears to focus on wholesale distribution of safety footwear and clothing.

Looking at the financial data, Progressive Safety Footwear And Clothing Ltd’s numbers paint a mixed picture. While the company’s current assets remain relatively stable at £5,400,000, there are some concerning trends. Accumulated amortisation and impairment of intangible assets have increased significantly, by 48% and 17% respectively. Administrative expenses have risen by 12%, indicating increased operational costs. Interestingly, bank borrowings have dramatically decreased, dropping by 100%—a positive sign. However, director remuneration has increased by 58%, and net assets have plummeted by 100%, which is a significant cause for concern. The company’s tax expense has also decreased by 100%. The company's auditor is Hart Shaw LLP.

Despite these challenges, the company’s employee count has increased slightly, by 2%, suggesting continued operational activity. The decrease in creditors by 33% may indicate improved debt management. The company meets the criteria for a large company, having met two of three conditions: turnover more than £36 million, balance sheet total more than £18 million, and employees more than 250. Overall, Progressive Safety Footwear And Clothing Ltd appears to be navigating a period of change, with some areas of strength offset by concerning financial trends.

Registered in England/Wales under the registration number 00688039, with a registered address at S9 3JN, South Yorkshire, 101 Worthing Road, Sheffield.

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